The Covid-19 pandemic might turn out to be a game-changer for the RPA (robotic process automation) solution providers as industries, especially manufacturing, accelerate the use of bots for repetitive tasks.
San Jose, California based automation solutions provider Automation Anywhere claimed in a report in early 2020 that 85% of the RPA still remains untapped. Meanwhile, research firm Gartner predicts that the RPA market was worth $1.3 billion in 2019, up from $846 million in 2018, and might well go on to reach $2.4 billion by 2020.
According to industry watchers, an economic downturn will likely encourage businesses to adopt automation.
“Many will assess the power of cognitive RPA in managing work with highly dispersed workforces and all customer engagements with a fresh perspective. There will be a large focus on how to properly position and prepare themselves for the future,” Manish Bharti, President, India and SAARC (South Asian Association for Regional Cooperation) at UiPath said.
New York-based software company UiPath develops a platform for robotic process automation.
In this video TechCircle explores five use cases of RPA in the field of manufacturing and how the technology can lead to better optimisation of time-bound and repetitive processes, increase agility in operations, as well as decrease costs and maximise return on investment by reducing human errors.