RPA, our current NEED!
It’s a human’s propensity to learn from example. Right from our childhood, we are taught ‘A’ for Apple, if we are not told the necessity and importance of anything we will never learn or apprehend the reason why we are introduced to that in our life. Irrespective of any discipline or domain this holds good, so whatever we acquire or want to know we should always go for what is the necessity and what is the prominence of the same.
Robotic Process Automation (RPA) is a very glorified concept, but it is a very mundane thing, We humans don’t realize that we are hired as humans, but we end up becoming bots. We just perform the same structured set of processes day in and day out without any change. But the moment we realize that robotic process automation is just the concept for our benefit and how to make the potential use of it, our life will become much easier. Software bots just repeat as a novice in a company. Whatever is told or designed, the bot will just follow the same. There are possibilities now to include ML and AI features to RPA to make it smart but at a very basic level, this concept is alphabets to the automation world.
If we just want to see the importance and requirement of RPA, we can list down the following points:
1) Accuracy — Humans tend to miss out on information or minute details when dealing with either volume of data. Also, when there is switching of the screen continuously one can confuse and make an incorrect entry. RPA can no doubt irrespective of whatever be the circumstance will maintain the accuracy state.
2) Available — No Human can be available all the time, we must take breaks or at least finish the work for the day. Software bots don’t have a thing of downtime. All the time is 100% effort for a bot, there is nothing like rest, sick leave, vacation, Weekend, Friday evening for a bot.
3) Scalability — Just imagine the time required to teach or give a knowledge transfer for the new member of the company and also the effort involved by one who delivers it. Scaling up the bot’s environment is straightforward.
4) Productivity — This is just a follow-up of other importance of RPA, as the efficiency and workability of the bot are more than what a human can promise, the amount of work or whichever metric is used for comparing is more in terms of software bots. The productivity level is more and efficacious. RPA can be useful when we actually want to report to a higher-level hierarchy and for the work which was supposed to be done by yesterday.
5) Cost saving — RPA helps us with cost reduction. The return on investment is immense if the right process is automated. Bots do not require a break and have a pace that can’t be matched by humans, so the repetitive tasks and processes can give much less turnaround time when compared to human work.
On top of some of the above value additions that RPA can bring, let us understand it further from the perspective of an industry problem. When we submit our Resume or CV to a hiring agent, do we really think that each of our details will be read by a human sitting in that position? Just simply look at this scenario from that one person’s point of view. The recruiter has to search for 1 particular field in all the 1000 CVs submitted. Even if the search takes up to 2 seconds, the whole process will take 2000 seconds to pass through all documents which approximately sums up to half an hour. In reality, the recruiter will be looking into so many other qualifications of each candidate and not just one. And to add to the complexity, not all the documents will have the information in the same place or with the required label, making the whole task a little bit more difficult. The same scenario, at least for the initial round of dismissing non-relevant (unqualified CV for the role) candidates, maybe handled far more efficiently by a bot. It will take approximately 5 seconds for each document to structure all the required fields at once. And the first level of screening can easily be done.
The above-mentioned points and scenario give us a bird’s eye view of the importance and value add that RPA can bring. However, a major add-on to what RPA has to offer is the choice of tools that we use to implement and automate our tasks. If a solution exists that requires minimal training and can be easily implemented at a low cost to automate monotonous repetitive processes, that will be a significant benefit to any organization.
How LokiBots can help in your RPA journey?
LokiBots is a perfect fit in this space, as the platform itself promises that No-Code Automation and Do-It-Yourself automation will be handy and easy options to take care of all the mundane activities from day one itself. In addition to being a cloud-native platform with a subscription-based and pay-as-you-go pricing model, LokiBots reduces the Capex burden for the customers, allowing non-technical users in small, medium & large enterprises to automate data tasks with software bots that require zero coding skills and takes 1/10 the cost and 1/5 the time to grow/scale without new hiring.
Interested to start your RPA journey? Reach out to us at Sales@LokiBots.com. For more details, visit https://www.lokibots.ai/.
About the author
Gobind Agarwal is working as a Product Manager & Data Scientist at LokiBots. He is currently responsible for converting the customer requirements into feasible technical solutions and owning the delivery & customer adoption.
