{"id":5809,"date":"2015-11-10T07:00:33","date_gmt":"2015-11-10T15:00:33","guid":{"rendered":"http:\/\/formtek.com\/blog\/?p=5809"},"modified":"2015-09-28T07:37:09","modified_gmt":"2015-09-28T15:37:09","slug":"robotic-process-automation-rpa-automation-to-take-on-knowledge-worker-tasks","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/robotic-process-automation-rpa-automation-to-take-on-knowledge-worker-tasks\/","title":{"rendered":"Robotic Process Automation (RPA): Automation to Take on Knowledge Worker Tasks"},"content":{"rendered":"<p>Robotic Process Automation (RPA) is the elimination of repetitive and menial tasks by software and hardware automation. \u00a0The goal is to free up workers from mundane activities to do tasks that require decision making and innovation. \u00a0RPA is expected to affect about 6-8 percent of the Business Process Management market by 2017 &#8212; currently RPA spending accounts for less than 1 percent of that market, according to a report <a href=\"http:\/\/www.sourcingfocus.com\/site\/newsitem\/30-40_of_bpo_bpm_works_will_be_automated_by_2025\/\">by the Everest Group<\/a>.<\/p>\n<p><a href=\"https:\/\/www.linkedin.com\/in\/ankothari\">Ankur Kothari<\/a>, Automation Anywhere Co-Founder, said that &#8220;deploying a digital workforce in BPM creates a tremendous opportunity for business transformation with RPA. \u00a0By leveraging cognitive-capable robotic process automation (RPA) technology &#8212; which enables the deployment of software bots &#8212; companies can automate knowledge work of any type within days, streamlining processes and eliminating potential for error, among a host of other benefits. This discussion will undoubtedly provide a clear picture of the future workforce, and will give business leaders a good deal to ponder as they consider their own transformative strategies.&#8221;<\/p>\n<p><a href=\"http:\/\/Cliff Justice\">Cliff Justice<\/a>, a partner at KPMG, says that there are three classes of RPA technology:<\/p>\n<ul>\n<li><strong>Basic Process Automation<\/strong> &#8212; this includes macros and scripts, screen scraping, and business workflow<\/li>\n<li><strong>Enhanced Process Automation<\/strong> &#8212; these are natural language processing that can understand unstructured data and process automation<\/li>\n<li><strong>Automatic and Cognitive Platforms<\/strong> &#8211; the ability to parse context and understand meaning<\/li>\n<\/ul>\n<p>In the area of accounting, the Everest report estimates that RPA can result in cost savings as high as 60-67 percent. \u00a0A report by <a href=\"http:\/\/www.sourcingfocus.com\/site\/newsitem\/30-40_of_bpo_bpm_works_will_be_automated_by_2025\/\">McKinsey Global <\/a>is even more optimistic in how quickly RPA technologies will advance. \u00a0 The McKinsey report predicts that over the next ten years that work currently being done by 110 to 140 knowledge workers will be transitioned to cognitive RPA systems.<\/p>\n<p>&nbsp;<\/p>\n<div class=\"lightsocial_container\"><div class=\"lightsocial_element\"><a class=\"lightsocial_a\" href=\"http:\/\/digg.com\/submit?url=https%3A%2F%2Fformtek.com%2Fblog%2Frobotic-process-automation-rpa-automation-to-take-on-knowledge-worker-tasks%2F&amp;title=\" target=\"_blank\"><img decoding=\"async\" class=\"lightsocial_img\" src=\"https:\/\/formtek.com\/blog\/wp-content\/plugins\/light-social\/digg.png\" alt=\"Digg This\" title=\"Digg This\" \/><\/a><\/div><div class=\"lightsocial_element\"><a class=\"lightsocial_a\" 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