Artificial Intelligence Business. How you can profit from AI by Przemysław Chojecki

Author:Przemysław Chojecki
Language: eng
Format: epub
Published: 2020-06-09T16:00:00+00:00

Robotic Process Automation

A report by McKinsey Global Institute called “A Future That Works: Automation, Employment, and Productivity”41 predicts that nearly half of work tasks will be performed by some form of a robot by the year 2055. AI agents will automate any kind of job that is repetitive on various levels.

I genuinely believe that. Not only repetitive tasks will be automated but also creative ones, as we can judge by recent breakthroughs in text understanding.

Robotic Process Automation (RPA) software is a fundamental piece of automation. RPA, at its core, is just an approach to automating business processes through the deployment of bots or AI. It dates back to the 90s, and back then, it was a purely software engineering task of breaking down a process into smaller pieces and connecting various APIs to replace humans. For example, having to copy a particular text from one document to another and then sending it through email. Though useful, it was primarily concerned with boring, repetitive tasks that could be automated by writing ‘if-then’ instructions.

Everything changed with the advent of AI. Now software is able to deal with anomalies, previously unseen cases, and make a decision for itself on the spot. Enhanced with text understanding algorithms RPA software is capable of taking upon more complex business process and don’t need to be always guided by human labeling of every possible scenario. We’re entering a new age of automation. We should expect even more disruption once reinforcement learning methods will be implemented within RPA software, which would allow for automating entire office jobs.

Let’s review the most popular RPA solutions on the market right now.42 Most of the companies have been around for over 10 years and became quite mature organisations.

Automation Anywhere empowers people to focus on the work that makes their companies great with robotic process automation that automates virtually anything. Automation Anywhere operates a Bot Store – a marketplace for pre-existent bots suited for different roles. These “Digital Workers” are given job titles by the company, for example, “Digital Employee Onboarding Specialist” with tasks such as identify, shortlist, and onboard candidates. Originally founded in 2003 as Tethys Solutions, the company acquired its current name in 2010, emphasising its focus on robotic process automation.

Blue Prism is a UK RPA platform with customers like eBay, the NHS, and Walgreens. Its intelligent RPA platform comes in both on-premise and SaaS varieties (as most mature RPA solutions), working with the public sector, manufacturing, financial services, and beyond. Blue Prism has a drag-and-drop interface built around connectable objects containing actions and events, with a documented history of processes. The company was founded in 2001.

The digital workforce is built by the operational teams or accredited Blue Prism partners using their robotic process automation technology to rapidly build and deploy automations through leveraging the presentation layer of existing enterprise applications. The automations are configured and managed within an IT governed framework and operating model, which has been iteratively developed through numerous large scale and complex deployments.

UiPath is an RPA company that offers a platform for automating repetitive manual tasks.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.