Business Terminology Series - RPA

RPA (Robotic Process Automation) is a way of processing tasks or a technology that allows you to automaterepetitive and rule-based tasks(also known as simple, repetitive, and structured tasks) using RPA software.

By implementing RPA technology, you can automate tasks that are currently performed by humans, leading to improvements in business performance such as increased productivity, faster processing speeds, higher processing volumes, and enhanced accuracy and quality. The time saved through automation can then be used by humans to focus on more creative and productive tasks such as planning, strategic initiatives, and marketing.

Examples of RPA

It can be used to simplify form filling or streamline the approval process for things like obtaining authorizations.

Comparison between RPA and AI (Artificial Intelligence)

RPA focuses on processes, while AI focuses on data. They are distinctly different.