In definitive words, we can say ** \"Impersonating human activities in a sequential fashion to achieve a designated result without any manual intervention is known as Robotic Process Automation.\"**
\nThere are many benefits of robotic process automation, depending on the industries. I have listed a few common benefits across all the business domains and industries.
\nAny business's success depends on how deep they understand the customers, or rather, I should say targeted customers. And this is one of the fundamental challenges for companies.
\nIntelligent automation through RPA can be implemented to understand user behavior, helping companies in decision making for their targeted customers and growth.
\nRPA is the most sought after solution in this technology-driven era to reduce the investment being done on manual tasks and get the best of the employees by allowing them to innovate rather than doing monotonous work. Multiple studies say that rolling out RPA, and thoughtful implementation can save approx 30-35% of companies' costs being spent on non-productive and repetitive tasks.
\nA report by ICO (Information Commissioner's office) says that 90% of a data breach between 2017 and 2018 happened due to human error. Human minds have certain limitations. We can't always be attentive 100%. And the moment we lose attention, we become vulnerable to make mistakes.\nBut Robots, once defined/built, can have unlimited attention and can work endlessly without any distractions. And that gives the ability to make no mistakes.
\nHumans have their limitations, capacity to work. But robots, on the other hand, have no measure of capacity. If developed smartly, they can work for every millisecond. And this gives unlimited possibilities for any company to run their businesses without worrying about productivity.
\nBusiness process outsourcing(BPO) always strives for heftiness in productivity with minimal cost. With the efficient use of RPA, the BPO's can eventually reduce a lot of operating expenses and make more effective utilization of their workforce. As robots can work 24/7, productivity can be increased tremendously. Apart from repetitive work automation, the industry also has a lot of back-office work, which is purely rule-based, and the same can be achieved with better security and audits. Report generation, data analysis are the other tasks that can also be done through RPA. Some more examples can be
\nMost innovations, along with technological advancement, have been seen in the banking sector. As per the reports, the BFSI domain holds the largest share in the year 2019 to apply RPA.
\nRPA has a surfeit of applications in banking covering from customer service to compliance nearly everything. The following are a few examples.
\nThe medical industry across the globe has always been a sector that is continuously striving for improvement. Providing the best health care services for a broad range of population is a real challenge in both operational and organizational. There are numerous use-cases in the medical industry where patients and hospitals can leverage the benefits.\nSuch as :
\nInsurance is an industry which deals with vast amounts of data and processes. With the help, RPA insurance providers are now capable of merging front-end and back-end operations resulting in reducing cost and manual intervention.\nLeslie Willcocks professor at LSE, said that * \"In an insurer we studied, there was a particular process where it used to take two days to handle 500 premium advice notes. It now takes 30 minutes\"*\nThis much processing was made by implementing RPA. Apart from the front-end or back-end automation, there can be many other use-cases, for example
\nThere are many more benefits of robotic process automation, depending on the industries.\nA survey by Deloitte says that RPA continues to meet and exceed expectations across multiple dimensions, including :\n92% on Improved Compliance\n90% Improved quality and accuracy\n86% improvement in productivity and\n59% cost reduction.
\nThey say that with the current pace, RPA will have achieved near-universal adoption within the next five years.
\n","frontmatter":{"title":"Why RPA is important for businesses","author":{"id":"Vikram Jain","github":null,"avatar":null},"date":"October 23, 2020","updated_date":null,"tags":["Engineering","RPA","Automation"],"coverImage":{"childImageSharp":{"fluid":{"aspectRatio":1.5037593984962405,"src":"/static/f2993d36b93dfde7b755c69581762a74/14b42/RPA.jpg","srcSet":"/static/f2993d36b93dfde7b755c69581762a74/f836f/RPA.jpg 200w,\n/static/f2993d36b93dfde7b755c69581762a74/2244e/RPA.jpg 400w,\n/static/f2993d36b93dfde7b755c69581762a74/14b42/RPA.jpg 800w,\n/static/f2993d36b93dfde7b755c69581762a74/9a763/RPA.jpg 1050w","sizes":"(max-width: 800px) 100vw, 800px"}}}},"fields":{"authorId":"Vikram Jain","slug":"/engineering/importance-of-rpa/"}}},{"node":{"id":"0f1b0a5b-8bca-53f5-8b82-83c713e330a5","html":"Agile is becoming another SDLC methodology but in reality, it is beyond normal project management. With time It’s been accessorized a lot and leaving behind the basic building blocks and the important entity the Agile Development Teams.
\nDoes anybody want a product full of bugs, non-scaleable, difficult to maintain?, certainly No.\nNo matter whatever the agile framework we use, the ultimate goal is a wonderful product with complete customer satisfaction. And it's the developers who sit in the centre and build the product and are responsible for the quality.
\nAgile + Development Team = Agile Development Team
Before that let’s see who are the developers and what is a development team. A developer is a proficient individual in his technical skills. And a group of such individuals working on a project/product makes a development team. Then how does an Agile Development Team differ?
\nThe three attributes bring that difference.
\n“A group of proficient individuals who are cross-functional, autonomous and self-organised sharing the same goal of building a bug-free product or delivering the project with proven quality”
\nThis doesn’t mean that every team member is 'master of all' or even a 'jack of all trades'. In fact, every individual carries their proficiency. But the important thing is that each team member is capable of building additional skills and as and when required can be applied during the development journey.
\nIt reduces the dependency and overall predictability increases and gives better room for risk management.
\nThere is no right or wrong way to organise and hence sometimes teams fail. This attribute of the Agile development team gives freedom based on the maturity of the team to organise and plan the work for themselves. If in scrum team plans the daily work on their own. No one assigns the work.
\nThis helps in prevailing the high motivation, team members can better innovate and work towards the quality of deliverables. They can act without escalations without any unnecessary commands and control.
\nThis brings the sense of ownership, a mental state when the team feels the accountability of the results. Team members voluntarily take ownership and make themselves responsible for the results of the product and project deliveries. Team members collaborate, work together, learn and share the feedback with an open mind. Help each other and grow together.
\n","frontmatter":{"title":"Qualities of an agile development team","author":{"id":"Vikram Jain","github":null,"avatar":null},"date":"July 27, 2020","updated_date":null,"tags":["Agile","Development","Teamwork"],"coverImage":{"childImageSharp":{"fluid":{"aspectRatio":1.5037593984962405,"src":"/static/1acfbdd4ea318c142272c6adad88697f/14b42/agile.jpg","srcSet":"/static/1acfbdd4ea318c142272c6adad88697f/f836f/agile.jpg 200w,\n/static/1acfbdd4ea318c142272c6adad88697f/2244e/agile.jpg 400w,\n/static/1acfbdd4ea318c142272c6adad88697f/14b42/agile.jpg 800w,\n/static/1acfbdd4ea318c142272c6adad88697f/47498/agile.jpg 1200w,\n/static/1acfbdd4ea318c142272c6adad88697f/0e329/agile.jpg 1600w,\n/static/1acfbdd4ea318c142272c6adad88697f/77d93/agile.jpg 3600w","sizes":"(max-width: 800px) 100vw, 800px"}}}},"fields":{"authorId":"Vikram Jain","slug":"/engineering/agile-development-team/"}}}]},"authorYaml":{"id":"Vikram Jain","bio":"Vikram Jain is Software Development Manager at LoginRadius. An Agile Consultant and Transformation Agent.","github":null,"stackoverflow":null,"linkedin":"jainvikram1512","medium":"@vikram.kothari1987","twitter":null,"avatar":null}},"pageContext":{"id":"Vikram Jain","__params":{"id":"vikram-jain"}}},"staticQueryHashes":["1171199041","1384082988","2100481360","23180105","528864852"]}