The RPA market is expanding exponentially and is expected to reach approximately 13.4 billion in 2030, up from approximately 2 billion in 2021.
As a result, RPA use cases spread across industries and business functions, opening new opportunities for novel applications and trends.
By 2020, the pandemic had compelled organisations to rapidly implement large-scale RPA and automation processes to improve operations, and digitisation had become indelibly ingrained in the global business landscape. Now that businesses are nearing the end of their initial learning curve, 2022 is expected to be the year when they begin to reap the full benefits of RPA and automation technology.
Top RPA Trends and Forecasts of 2022
So, what does the future of RPA hold for businesses? Here is our forecast for the top RPA trends in 2022.
Trend#1: Intelligent Automation
Intelligent Automation (IA) combines RPA and artificial intelligence to empower end-to-end processes and accelerate digital efforts. Businesses that combine RPA and AI expand the scope of business process automation to almost any situation. Cognitive bots are essential members of your hybrid workforce because they constantly learn from data and make decisions.
In Brazil, a highway management company built a shared services centre based on intelligent automation and analytics. By reducing labour by up to 50% and speeding up month-end closing, the corporation achieved superior economies of scale.
Security must be a top priority when use cases are deployed, and RPA is used in internal and external operations. Businesses will have access to large data sets that can be used to gain critical insights due to increased optimisation through robotic process automation.
Please keep in mind that this information must be kept private. Whether it’s to ensure confidentiality in industries like healthcare or to protect consumer data from hackers and identity thieves, the security architecture that surrounds your operations must meet the most stringent industry standards.
According to the most recent RPA trends, any company that has not fought automation has failed. RPA is critical for streamlining processes and getting the most out of your employees in a growing number of business areas.
Although some RPA implementations were not perfect, others performed admirably. There are more RPA suppliers with the necessary qualifications and knowledge. More businesses will adopt best practices in their industries. Many of the issues that people encountered last year will be eliminated by automation.
Trend#4: Smart Process Become More Automated
RPA is robotic process automation that uses predefined rules to automate structured data. As technology advances, a machine learning component or function is added to the RPA system.
This gets the SPA robots ready. Because of SPA, RPA bots could benefit from other technologies such as AI (artificial intelligence) or big data.
Trend#5: Increased Application of Semantic Automation
Another strategic trend that is nearing completion is semantic automation. It differs from developer-led rules-based task automation. Semantic automation is the process of observing a process or task and teaching bots to emulate it without explicit instruction or coding.
Using AI and machine learning technologies such as OCR (optical character recognition), business users can spearhead automation implementation by triggering semantic bots to perform a task or process, bringing RPA programs closer to the scale desired by many.
Trend#6: Hyper Automation will Remain
Hyper Automation, a smarter, faster, and more sophisticated version of RPA, is expected to be widely used across large-scale enterprises by 2022. Hyper Automation is designed to process massive volumes of data end-to-end seamlessly to optimise business processes across multiple and diverse areas by leveraging the power of AI, RPA, and ML.
As automation becomes more prevalent in the coming years, the need to automate more complex tasks will become clear.
Trend#7: SMEs Adopt RPA at Faster Rate
Small and medium-sized enterprises (SMEs) have recognised the importance of process automation for their companies to remain competitive and resilient in the aftermath of the epidemic.
According to a Deloitte global poll of CEOs, 73 percent of respondents said their companies were on the path to intelligent automation. In the coming years, SMEs will continue to use RPA solutions faster to streamline their processes and become more efficient.
Become an RPA Specialist from Techmindz
The RPA industry will continue to grow at a rapid pace. So what are you waiting for? Secure your career by learning RPA with Techmindz. At Techmindz, we make every effort to provide the best RPA training possible, assisting you in mastering the skills required to become an expert in the field.