Introduction to RPA
Robotic Process Automation refers to the use of robots to automate rule-based digital tasks, such as configuring a computer software, capturing and interpreting existing applications, processing a transaction, manipulating data, communicating with other digital systems, and the like. These are rule-based tasks that can be run unattended with RPA technology.
It is classified into 3 segments:
Attended RPA
The bot resides within the user’s device and needs to be activated by the user. This segment mandates user intervention. For example, selecting a particular RPA for troubleshooting issues within a software.
Unattended RPA
Involve bots that perform their functions end-to-end without human interference. These tasks are usually timed and performed in batches.
Hybrid RPA
This segment combines the other 2 segments. 2 bots work in combination with a human effort to achieve the target. The fully integrated platform allows intelligent automation.
Scope of RPA Technology
Robotic Process Automation has been widely used in the IT and Fintech sectors. The technology integrates smoothly with the existing IT infrastructure within an organization while improving processes and productivity.
Some use cases in the IT sector include:-
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Automating Business Processes: customer/ employee boarding, invoicing, updating CRMs etc.
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Web Tasks: Performing operations online and generating reports.
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Data Handling: Transfer of data and scanning for relevant data, specifically for navigating web pages.
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IT & System Administration Tasks: Regular software checks, periodic audits and distribution of software for different employees.
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Data Backup and File Management: RPA can automatically backup data on cloud or database system logs and help in organized record keeping.
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Batch Data Processing: Restart and recovery, integration with security systems, sending alerts, classification of service types etc.
Robotic and automation processes are also increasingly being adopted by financial institutions and banks for handling repetitive tasks like automatic report generation, customer onboarding, KYC, anti-money laundering, opening new accounts, mortgage lending, loan processing etc.
For the Fintech industry, one of the most crucial applications of RPA is Roboadvising which helps automate financial advising and investment management.
Upskilling in RPA
Given the rising importance of RPA, professionals in the IT, banking and fintech sector must upskill themselves and learn the core concepts of robotic automation. For a credible rpa course online, learners can register on FutureSkills Prime and access industry-handpicked robotic process automation training pathways. Understand the benefits of RPA, its application in various fields and how it will play a crucial role in shaping the future of work. Get an overview of its elements and get introduced to Robotic Process Automation tools. Aligned to industry standards and validated by the government of India, RPA starter training pathways will upskill you for the future.
Robotic Process Automation upskills professionals for the following job designations:-
Job Roles
Robotic Process Automation upskills professionals for the following job designations:-
Service Engineer, Business Analyst, Robotic Process Automation Developer, Solution Architect, Development Coordinator, Solution Architect, Testing Engineer, Business Analyst