{"id":2351,"date":"2020-04-01T02:46:07","date_gmt":"2020-03-31T23:46:07","guid":{"rendered":"http:\/\/kusuaks7\/?p=1956"},"modified":"2023-12-21T13:38:18","modified_gmt":"2023-12-21T13:38:18","slug":"robotic-process-automation-rpa-is-it-recession-proof","status":"publish","type":"post","link":"https:\/\/www.experfy.com\/blog\/ai-ml\/robotic-process-automation-rpa-is-it-recession-proof\/","title":{"rendered":"Robotic Process Automation (RPA): Is It Recession Proof?"},"content":{"rendered":"\t\t
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Robotic process automation concept with hand pressing a button on a technology screen\u00a0\u00a0GETTY<\/small><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\tRecession seems all but inevitable, as stocks have plunged to bear market levels.\u00a0Yet there are certain industries that could be insulated.\u00a0There will also likely be changes in consumer and business behavior that will be lasting.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tNo doubt, it seems like video conferencing and remote work will become increasingly mainstream. But there are other corners of the tech industry that could be poised for transformations.\u00a0One is actually Robotic Process Automation (RPA).\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\n“RPA can help save an organization money by automating any repetitive task that a human does with keyboard and mouse, as well as tasks in legacy systems that can’t be accessed via APIs and Web Services,\u201d said Vadim Tabakman, who is the Director of Technical Evangelism at\u00a0Nintex<\/a>.\u00a0\u201cRPA bots<\/a> accelerate \u2018low-hanging fruit\u2019 processes in every business like opening email and attachments, filling in forms, reading from and writing to databases, making calculations, collecting social media statistics, and extracting data from documents, all very quickly.\u201d\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tSuch capabilities are likely to be essential as companies struggle. \u00a0If anything, there may be a dramatic boost in adoption of RPA..\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tThe RPA industry is at an inflection point right now because economic uncertainty makes efficiency, accuracy, and\u2014above all\u2014maximizing human intellect critical to survival and growth,\u201d said Kyle Kim-Hays, who is the CMO of\u00a0Softomotive<\/a>.\u00a0\u201cSpecifically, RPA will move increasingly from the \u2018back office\u2019 and IT-focused tasks, to the \u2018front office\u2019 and attended use case scenarios where business end users directly invoke and monitor automated tasks.\u00a0So, RPA will become democratized as more people incorporate it into their day-to-day activities.\u201d\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tBut RPA is not just about efficiency.\u00a0It can help with improving customer experiences, which will be essential in retaining revenues. \u00a0\u201cCurrent Automation Anywhere customers are already increasing investments to increase ROI and potentially hedge against a declining economy,\u201d said Prince Kohli, who is the CTO of\u00a0Automation Anywhere<\/a>.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tPat Geary, the Chief Evangelist at\u00a0Blue Prism<\/a>, agrees.\u00a0\u201cAs long as economic uncertainty runs high, and companies face even greater pressure to keep profits strong without incurring costs, RPA vendors will thrive. We provide the operational agility to do more with less through automation. When companies can automate manual processes at scale, they can redeploy workers and focus on more strategic business initiatives, ones that will help them weather the storm that may come.\u201d\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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RPA The Right Way<\/h2><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tAs is the case with any technology, RPA is not a cure-all.\u00a0It certainly has its disadvantages, like high license costs and difficulties with scaling.\u00a0Successful implementations also require a strong focus on change management within the enterprise.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\u201cWe are hearing from our clients that RPA\/digital workforce has some significant benefits for an economic downturn and many have little to do with the actual technology,\u201d said Tim Kulp, who is the Vice President of Innovation & Strategy at\u00a0Mind Over Machines<\/a>.\u00a0\u201cThe process to build a bot requires detailed process documentation that provides people a chance to examine \u2018business as usual\u2019 with a new set of eyes and eliminate waste in the process.\u201d\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\nTom Thaler, who is the senior product manager for ARIS at\u00a0Software AG<\/a>, believes that RPA has the danger of only showing short-term results.\u00a0This is why he recommends a comprehensive strategy, which includes:\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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