Abstract
The Robotic Process Automation (RPA) is a new wave of future technologies. Robotic Process Automation is one of the most advanced technologies in the area of computers science, electronic and communications, mechanical engineering, and information technology. It is a combination of both hardware and software, networking and automation for doing things very simple. In this light, the research manuscript investigated the secondary data - which is available on google, academic and research databases. The investigation went for totally 6 months, i.e., 1-1-2018 to 30-6-2018. A very few empirical articles, white papers, blogs and were found RPA and came across to compose this research manuscript. This study is exploratory in nature because of the contemporary phenomenon. The keywords used in searching of the database were Robotic Process Automation, RPA, Robots, Artificial Intelligence, Blue Prism. The study finally discovered that Robots and Robotic Process Automation technologies are becoming compulsory as a part to do business operations in organizations across the globe. Robotic Process Automation can bring immediate value to the core business processes including employee payroll, employee status changes, new hire recruitment, and onboarding, accounts receivable and payable, invoice processing, inventory management, report creation, software installations, data migration, and vendor onboarding etc. to name a few applications. Besides, the Robotic Process Automation has abundant applications including healthcare and pharmaceuticals, financial services, outsourcing, retail, telecom, energy and utilities, real estate and FMCG and many more sectors. To put in the right place of RPA in business operations, their many allied technologies are working at the background level, artificial intelligence, machine learning, deep learning, data analytics, HR analytics, virtual reality (second life), home automation, blockchain technologies, 4D printing etc. Moreover, it covers the content of different start-ups companies and existing companies - their RPA applications used across the world. This manuscript will be a good guideline for the academicians, researchers, students, and practitioners to get an overall idea.
Highlights
The Robotic Process Automation (RPA) is a new wave of the future technologies
Robotic process automation (RPA) is an emerging form of business process automation technology based on the notion of software robots or artificial intelligence (AI) workers
To put in the right place of RPA in business operations, there other allied technologies are working at the background level, artificial intelligence, machine learning, deep learning, data analytics, HR analytics, virtual reality, home automation, blockchain technologies, 4D printing etc
Summary
“Watson is creating a new partnership between people and computers that enhance, scales and accelerates human expertise”. If we go for one of the pioneers in Robotic Products solutions, they provide varied solutions including on premise or cloud-based solution, managed service capability, certified specialists to help in automation, process consultancy expertise, non-disruptive solutions, no replacement of systems required, no software development or system integration, improves speed and consistency, significantly reduces costs, and frees staff to do the things that really need them. Everest Group company reveals that the Robotic Process Automation has many applications across the many industries including banking & financial services of cards activation, frauds claims discovery, insurance services of claims processing and new business preparation, healthcare sector possessing with reports automation and system reconciliation, manufacturing firms with bills of material (BoM) generation, high tech & telecom fields with service order management quality reporting and Energy Utilities account setup plus meter reading validation especially as shown in the Figure 4. That means there will be a huge amount of automation in each industry
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
