What is RPA or process automation?
Robotic Process Automation is a technology that automates highly repetitive or rule-based work normally done by people. This covers invoice processing, customer inquiries, report generation as well as other tasks that can be manual and time-consuming. RPA relies on computer software robots, also known as ‘bots’, to perform human-like operations at an extremely high speed with very few errors. According to Gartner, the top advantages of using RPA tools are increased employee productivity, reduced costs, improved business continuity, and decreased IT resource requirements.
Why add AI?
AI augments RPA by introducing cognitive capabilities. Instead of following strict rules, bots can now “think”—interpreting context, learning from data, and adapting to new scenarios. Technology is utilized to ‘add smartness’ like decision-making, learning, and understanding capabilities to make processes more efficient. This combination transforms automation from a back-office utility to a core enabler of business intelligence and scale.
According to a survey conducted by Gartner, organizations are evolving their use of Artificial Intelligence as part of their automation strategies with 80% of executives thinking automation can be applied to any business decision. The combination of RPA with AI, such as Machine Learning and Natural Language Processing, has created a new buzzword – ‘Intelligent Automation’.