Automation has been gaining more and more ground in industries such as finance, insurance or HR, with software robots taking over menial, repetitive and rules-based tasks previously performed by human workers. Robotic Process Automation (RPA) has been adopted in government organizations such as Palkeet, the Finnish Government Shared Services Centre for Finance and HR, as presented in an MTV3 Finland news segment. The software robots working at Palkeet are developed by UiPath and implemented by OpusCapita.
As the global economy diversifies and an increasing number of markets arise and develop, robotic process automation (RPA) will undboutledly find its way into new parts of the world and new business sectors. This is especially the case in emerging markets. These emerging markets include countries — Mexico, India, and countries in sub-Saharan Africa and Latin America, for example — that are quickly moving towards more developed markets and adopting new technologies.Read More
One year ago we made RPA free for individual users, education projects and small to medium businesses. UiPath Community Edition has been a great success, and our Community Forum now hosts a growing number of several thousands RPA developers who passionately craft their way into the future of automation.
In April, we proudly introduced the UiPath Automation Academy, the first free-of-charge, self-led online learning environment where anyone in the world can enroll and train to obtain a UiPath RPA certification.
The best professions of the future are born today!
UiPath Academy is meant to help you develop professional RPA skills that will capture the best opportunities in the RPA field. With our certifications you will be able to access new career paths, with a pool of jobs already in high demand today.
In 2013, HealthLeaders reported 3 out of 4 hospital and health systems CEOs indicated overall cost reduction and efficiency as one of their top two financial priorities. The automation of manual tasks is an important strategy for performance improvement as the healthcare industry continually works to cut costs and improve efficiency.
Robotic process automation (RPA) might not be one of the first options discussed when considering the implementation of process automation in the healthcare industry, but it is a place where RPA has the potential for great transformation. RPA is essential to streamlining back-office processes eliminating paperwork and reducing the amount of time it takes to process files. However, RPA goes far beyond these simple tasks. It helps healthcare providers not only reduce costs and gain efficiency, but also increase the quality of patient care and the amount of time spent with patients.Read More
It’s a phrase you hear more and more in today’s global, technology-driven business landscape - The Internet of Things.
But what exactly is The Internet of Things? As defined most simply by the business publication Forbes, The Internet of Things is “the concept of basically connecting any device with an on and off switch to the Internet (and/or to each other)...if it has an on and off switch then chances are it can be a part of the IoT.”
The Internet of Things is only growing as the number of connected devices grows and the amount of machine-to-machine communication increases. It’s being adopted by many industries across numerous verticals and can include, for example, wearable devices, mobile devices, industrial equipment, intelligent businesses, and even smart homes.
It’s important to understand The Internet of Things is not just another industry buzzword.Read More
It’s clear by now robotic process automation has arrived as one of the leading process streamlining technologies in today’s market. But another technological advancement in data processing and storage is also making waves across a variety of industries and presents intriguing possibilities for companies when stacked against RPA. We’re talking about the advent and proliferation of Big Data and its impact on how companies - and even entire industries - gather, analyze, and share reporting and advanced metrics to refine business processes and achieve defined benchmarks or goals.
According to McKinsey, a global leader in management consulting, “the amount of data in our world has [recently] been exploding, and analyzing large data sets—so-called big data—will become a key basis of competition, underpinning new waves of productivity growth, innovation, and consumer surplus...Leaders in every sector will have to grapple with the implications of big data, not just a few data-oriented managers.”
In other words, much like RPA, Big Data is a technological trend that’s becoming significantly transformative across every industry, and in our increasingly digital world, the amount of captured data is expected to grow exponentially in the coming years.Read More
Imagine you’re a company actively considering — or even already successfully making use of — robotic process automation (RPA). While your initial purpose of RPA implementation may have been to help your employees speed up order processing or improve the accuracy of data transfer between company databases, you’ve also wondered how you could potentially streamline your human resource (HR) processes, specifically in running payroll and hiring new employees.
The 2015 Human Resources Software Buyer Report suggests that “Buyers relying on manual methods are seeking a new system to improve organization (44 percent) and automation (22 percent), while current software users want more functionality (35 percent).”
One method to move past HR obstacles and streamline activities such as payroll administration, talent management, and employee onboarding is to implement a new HR software suite; however, replacing a previous and dated HR system likely involves contacting a new vendor, paying for a new software, and learning the ins and outs of an unfamiliar system.Read More
Even though the telecommunications industry is well-established, providers continue to face unique challenges in delivering innovative services to their customers. As more and more people turn to telecom companies to keep them connected with globalized networks, telecom providers must compete with one another to provide the fastest, most affordable, and cutting edge services. Yet, many of these companies are burdened with large volumes of operational processes — managing data, controlling cost and business efficiency, increasing business agility, acquiring and retaining talent, developing new services — that prevent them from focusing on the most critical aspect of their business: their customers.
As such, the telecom industry is well positioned to take advantage of innovative automation technologies to help them address their pain points and streamline their business operations, ultimately giving them an advantage in a competitive market. In a 2016 Blueprint Report for Accenture, Horses for Sources suggests that “Intelligent automation and, in particular, robotic process automation (RPA) will become deeply integrated into telecom business processes” within the next two to three years.Read More
Many insurance companies — whether providers of health insurance, car insurance, property insurance, or travel insurance — are heavily inundated with back-office processes. Insurers regularly handle claims-processing and underwriting as well as providing policy quotes. This means they are often overwhelmed with high volumes of repetitive business practices that prevent them from delivering timely customer service, meeting growth and profit expectations, and maintaining a competitive advantage in the insurance market.
As a result, many insurance companies worldwide are turning to automation technologies to help them streamline their business processes and increase their ability to take on more clients. While some of these companies already make use of partial automation — in order to scan paper documents or to speed up data entry, for example — greater automation capabilities are offered by robotic process automation (RPA). RPA can provide added support to help insurance companies automate entire workflows and streamline a greater number of their operational activities.Read More
The year 2016, called the “year of the robot” by The Institute for Robotic Process Automation, was a big one for the advancing development and adoption of automation technologies like robotic process automation (RPA). While RPA was implemented by companies around the world, a significant number were BPOs and originated from the manufacturing, insurance, and financial services. The technology also saw robust growth within the EMEA (Europe, the Middle East, and Africa) region and North America.
According to a 2016 figure by the research and advisory firm Gartner, the “demand for RPA tools is growing quickly, at about 20 percent to 30 percent each quarter.” And this growth is only expected to continue throughout 2017. In fact, automation is expected to be one of the top technologies trends this year.Read More
Regardless of industry, location, size, and revenue, all businesses are subject to legal compliance — tax laws, PCI standards, regulation SCI rules, FISMA regulations, FCPA rules, or HIPAA privacy standards — in order to protect their operations, employees, and customers. After the 2008 financial crisis, establishing and maintaining effective compliance has grown in importance, especially in order to avoid the financial and operational consequences of non-compliance.
Even though compliance is increasingly becoming a focus point for companies around the world, maintaining regulatory compliance is still an area of risk and various challenges exist in effectively meeting all regulations on a regular basis. Many companies do not fully understand their legal obligation; continue to promote unorganized and non-compliant business processes; use unstreamlined data backup procedures; and may be unprepared for legal audits.
UiPath sat down with Chris Lamberton, EY’s London-based EMEIA RPA Leader for Financial Services.
His role includes helping clients use Robotic Process Automation (RPA) to transform the agility and financial performance of their organizations, with a particular focus on bringing digital and cognitive capabilities to the customer relationship.
In this interview, Chris gives readers the benefit of his and EY’s extensive client experience as he expresses views on: how Robotic Process Automation enables insurers to overcome legacy IT challenges; what product innovations led to the current surge in RPA adoption; why many implementations fail.
In the past years and months, there has been significant buzz surrounding the rise of automation technologies — robotics, robotic process automation (RPA), artificial intelligence (AI), cognitive technologies, and machine learning. A significant portion of this discussion has been centered around how these technologies will impact jobs and the overall global economy.
For example, a recent study by Citi and the University of Oxford’s Martin School found the automation potential of jobs to be around 38% in highly skilled, developed countries with much higher percentages of around 85% being possible in developing countries. As a result of these statistics and other research regarding automation, there is noteworthy controversy among experts, insiders, and researchers about whether automation technologies will have positive or negative economic consequences. It can be argued automaton can provide time liberation and costs saving that will enable companies and their employees to focus on more creative, innovative, and value-adding activities; on the other hand it can also be argued automation will eliminate the need for human workers entirely and spell doom for the economy.
Without even recognizing it, many of us already interact with automation on a daily basis to simplify everyday tasks. We receive automated order confirmations after placing online orders, use “smart” devices to regulate our thermostat and lock our doors when away from home, or maybe use a parking assist feature on our car. These kinds of automations are infiltrating workplaces and homes at a rapid pace, and the average consumer is quickly experiencing a semi-automated lifestyle in all aspects of their day-to-day lives. Despite all of this, the impact that automation has on education systems is hardly considered — however, automation’s role in education is most definitely a topic for discussion.
It’s a cliche, but like so many cliches, it’s true: You can’t truly understand where you’re going without understanding where you’ve been. Whether in life or in today’s global business climate, this statement rings true now more than ever, particularly in the emergence and development in robotic process automation (RPA) in a number of industries across the globe.
We’ve discussed in length in previous entries how RPA is a disruptive technological development that has changed the way companies both large and small manage their back-office processes, operational duties, and even customer-facing tasks. Whether it’s removing the number of keystrokes employees must deploy to complete tasks or using advanced, intelligent robotic systems to completely reimagine how a company conducts internal audits or reviews detailed analytics on company performance, RPA has been embraced as a key driver in leveraging efficiency and productivity.Read More
Executing finance and accounting processes, specifically accounts payable (A/P), poses a significant pain point for many businesses across various industries. Even in today’s technologically advanced business world, many accounting departments still rely on manual employee involvement and paper invoices in order to process payments. At the same time, many other companies depend on outsourcing to BPOs in order to have their finance processes transacted.
A/P processes are repetitive, time-consuming and typically require high levels of involvement from employees. As such, robotic process automation (RPA) is an excellent fit for the automation of A/P processes. But even so, recent research by Basware and MasterCard indicates only 20% of companies use automation software internally to alleviate their accounts payable headaches. While RPA isn’t a one-size-fits-all solution for all companies, the technology has the ability to help companies streamline their financial tasks in order create enhanced efficiency and operational control.
With this in mind, let’s consider the benefits - and challenges - of implementing a RPA solution to automate financial tasks, as well as the role BPOs can play in this process.Read More
With the implementation of any new technology, it’s important to consider not only it's value proposition but also recognize the importance of a successful implementation to the ultimate performance of the technology within your company. RPA (Robotic Process Automation) is no exception and provides both compelling benefits and implementation challenges to new users.
Based on recent findings from KPMG’s Global Sourcing Advisory Pulse Survey titled Robotic Revolution, technology experts believe “The opportunities [from robotic process automation (RPA) implementation] are many — so are the adoption challenges...For most organizations, taking advantage of higher-end RPA opportunities will be easier said than done.”
That certainly sounds a bit ominous and definitely begs the question: What are these difficulties? What value-added services can RPA provide? What are some of the roadblocks and success stories regarding implementation?Read More
Like all companies, the small and midsize business (SMB) encounters unique operational challenges in realizing its full potential. According to a recent report published by Tech Aisle, some of the top ten business issues for SMBs in 2016 include managing uncertainty, reducing operational costs, increasing business growth, increasing profitability, attracting and retaining new customers, improving workforce productivity, and improving quality of products and processes.
Leveraged by large global corporations to increase efficiency, enhance accuracy, and improve scalability of business activities ranging from a simple data migration task to claims processing, robotic process automation (RPA) helps companies streamline practices and enhance efficiencies. While commonly deployed by larger organizations, RPA’s capabilities beg the question: Can SMBs implement RPA to address their own pain points and realize the same RPA benefits that larger enterprises do?Read More
UiPath spoke with Shantanu Ghosh, the Genpact Senior Vice President responsible for all horizontal service lines, in particular: Finance & Accounting; Sourcing & Procurement and Human Resources. A member of the Genpact Leadership Council, he also leads the company’s Consulting & Risk Advisory Services.
What is Robotic Process Automation (RPA)? How can you automate and improve business processes? Are you in need to go to market faster, make your organization more effective, want to test functionality and integrate applications in hours rather than days and weeks? Whether you are just starting or looking for expert advice, chances are you'll find something to improve your work.