As IT companies increase for a thriving 2020, many are watchful to get creative that can enable them to standardize and improve enterprise performance. Artificial intelligence(AI) is without any reservation on everybody’s focus, explicitly on RPA, the subset of AI that empowers the business to configure software “robots” to perform routine tasks and get the data. Robotic Process Automation is picking up the momentum with outcomes centered on Artificial intelligence(AI) implementation. Robotic Process Automation is hitting on to the most stirring opportunities in the AI space and will keep on shining in 2020.
RPA will remain to be very popular in the market, acquiring a place in IT heads toolboxes to restructure business operations and utilize raw information. For now, more than 70% of business leaders said that they intend to put more in the implementation and development of RPA.
As per a report, the Robotics Process Automation market will reach 2.09 billion dollars by 2022, which the market will continue to grow.
The RPA market is evolving at an unbelievable pace and is expected to grow at a CAGR of 20.3% between 2020 and 2025.
Some of the key RPA trends to watch out in 2020 are:
1. RPA will develop as a complementary technology:
The key advantage of RPA is that it plays well with prevailing technologies. RPA has the potential to modify quickly to changing situations and improve accordingly; hence it improves processes rather than replacing them. It’s not always practicable to redesign workflows from scratch, automating ineffective processes with Robotics Process Automation can significantly better productivity.
2. Intelligent Automation will Gain Spotlight:
In 2020, forerunners will expand their basic RPA efforts with a blending of rules-based and AI-fueled automation by means of a fully integrated AI approach, allowing them a new value in the method for operational workforce capacity and efficiency.
With all well-thought-out, aIl ready to take a very condemnatory jump in 2020 and convey special results to companies that make automation a key component of their digital transformation.
3. Automation, AI and Analytics:
RPA is the entry to other automation and AI technologies to wear out the difficulties presented by changing business demands. Increasing demand for Automation using Artificial Intelligence and programming BOTs is expected to be the key growth driver for 30+ % CAGR on RPA.
4. RPA transforming the Job Market:
Robotics Process Automation taking away jobs is the most discussed topic in the industry. Differing from widespread beliefs, trends suggest that there will be an association between humans and machines in many areas. So, more jobs will be created, and there will be a need for Robotics Process Automation and process pundit to enhance UI and solve business problems.
5. RPA for Security:
RPA will turn into an increasingly mandatory piece of data security practices, not that a multitude of bots will be attacking the front lines, but then they can help lessen the most widespread risk of all.
Work today is going quicker and progressively, making the challenge of safeguarding sensitive data against human mistakes. As significant data streams, all through companies, partners, across different groups, customers, and devices, the human-only way to deal with data security mainly and cannot scale to handle this information burst.