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As IBM's CEO, Ginni Rometty, famously stated, "Some people call this artificial intelligence, but the reality is this technology will enhance us. So instead of artificial intelligence, I think we'll augment our intelligence." Learn more about Robotic Process Automation.
Robotic Process Automation Best Practices
Robotic Process Automation Overview Understanding Robotic Process Automation Benefits of RPA to Management Identifying Opportunities for RPA Implementation Implementing RPA: Best Practices Harnessing RPA for Digital Transformation The Future of RPA Robotic Process Automation FAQs Recommended Documents Flevy Management Insights Case Studies
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As IBM's CEO, Ginni Rometty, famously stated, "Some people call this artificial intelligence, but the reality is this technology will enhance us. So instead of artificial intelligence, I think we'll augment our intelligence."
One of the most promising tools available to the modern C-level leader seeking to augment their corporate intelligence and enhance their competitive advantage is Robotic Process Automation (RPA). This advanced form of business technology uses software robots or "bots" to automate routine, rule-based tasks. Hence, freeing up human workers to focus on higher-value strategic thinking and innovative work.
For effective implementation, take a look at these Robotic Process Automation best practices:
At its core, RPA is the application of technology that allows configuration of computer software to capture and interpret existing applications for processing a transaction, manipulating data, triggering responses and communicating with other digital systems.
C-level leaders who successfully implement RPA experience myriad benefits. Among these are:
RPA, when fully realized, can result in radical improvements in efficiency and productivity, significant cost savings, and considerable gains in Operational Excellence.
Explore related management topics: Operational Excellence Operational Risk
A crucial step in successfully leveraging RPA is identifying the tasks most suited to automation. High-volume, repetitive, rules-based tasks prevalent in Finance, HR, Procurement, and IT operations are prime candidates. It is this data-driven Decision Making process that can generate the highest ROI for companies investing in RPA.
Explore related management topics: Decision Making
A strategic, well-planned implementation of RPA can be game-changing. Here are key best practices to consider:
Explore related management topics: Continuous Improvement Best Practices Governance
RPA is more than a tool for improving operational efficiency. It is a stepping stone towards achieving Digital Transformation. With RPA serving as an underpinning technology, organizations can progress to implementing more sophisticated solutions such as machine learning and artificial intelligence.
Explore related management topics: Digital Transformation Machine Learning
With the rapid advancements in technology, RPA is set to evolve into a more powerful tool in the corporate strategy playbook. The combination of RPA with cognitive technologies like machine learning, natural language processing and speech recognition has the potential to revolutionize the way companies operate. Far from rendering human employees obsolete, RPA is augmenting human intelligence and enabling the workforce to contribute strategic value in ways not previously possible.
Leaders who understand the value and potential of RPA will be best positioned to guide their organizations in harnessing this powerful technology to drive Peak Performance, maintain Competitive Advantage and usher in a new era of workplace productivity.
Explore related management topics: Corporate Strategy Natural Language Processing Workplace Productivity
Here are our top-ranked questions that relate to Robotic Process Automation.
Robotic Process Automation in Oil & Gas Logistics
Scenario: The organization is a mid-sized player in the oil & gas industry, focusing on logistics and distribution.
Robotic Process Automation in Metals Industry for Efficiency Gains
Scenario: The organization, a prominent player in the metals industry, is grappling with the challenge of scaling their Robotic Process Automation (RPA) initiatives.
Robotic Process Automation Strategy for D2C Retail in Competitive Market
Scenario: The organization is a direct-to-consumer retailer in the competitive apparel space, struggling with operational efficiency due to outdated and fragmented process automation systems.
Robotic Process Automation Enhancement in Oil & Gas
Scenario: The company, a mid-sized player in the oil & gas sector, is grappling with operational inefficiencies due to outdated and disjointed process automation systems.
Robotic Process Automation in Ecommerce Fulfillment
Scenario: The organization is a mid-sized e-commerce player specializing in lifestyle and wellness products, struggling to manage increasing order volumes and customer service requests.
Robotic Process Automation Initiative for Retail Chain in Competitive Landscape
Scenario: The organization is a mid-sized retail chain specializing in consumer electronics, struggling to maintain operational efficiency in the face of increasing competition.
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