RPA[Robotic Process Automation]

[Audio] [Audio] Good morning everyone. Today, I will be talking about Robotic Process Automation . Introduction of Robotic Process Automation (RPA) has revolutionized the way businesses are run. It is a form of technology that automates mundane and repetitive tasks, allowing for faster and more efficient processing..

[Audio] We will going to discuss about the Robotic Process Automation .It's use cases , benefits, comparison with Selenium . There is a misconception that RPA is similar to Selenium . But actually its not ..

[Audio] RPA is a set of technologies that allow organizations to automate routine tasks, with the view to increasing efficiency. It utilises AI to automate a variety of roles and processes, such as data entry and document processing, leading to more cost-effective use of existing systems and resources. Additionally, RPA can be used to integrate multiple systems, allowing for the smooth orchestration of complex processes. It brings many benefits, some of which will be discussed below.. RPA, otherwise known as Robotic Process Automation, is a useful tool for automating mundane, repetitive tasks. By allowing businesses to replace manual labor with a system of rules and software bots, it creates more efficient workflows which integrate seamlessly into existing business systems. Its purpose is not to replace humans, but to free up their resources to focus on more intricate tasks and decisions.

[Audio] Robotic Process Automation (RPA) is a revolutionary technology that has quickly become an essential part of many industries. It can be applied across retail, telecommunications, banking, manufacturing, information technology, insurance, finance, healthcare, and customer care, to facilitate streamlining of processes, saving time and optimizing productivity. This has the potential to transform entire industries, and revolutionize the way they do business..In Banking sector From loan processing to report generation, RPA is streamlining routine processes for banking teams. I would like to give one example of ICICI bank which is the reputed bank of India. ICICI bank uses RPA in cheque clearing process . The bots process cheque validates the signature of cheque with their signature in their database , performs other validations and then perform transactions or rejects the cheque. Therefore bots can process large volume of cheques round the clock . Therefore The employee can focus on other important task rather than processing the volumes of cheques manually .Hence saves the time and increase the productivity..

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[Audio] Most RPA robots are designed to focus on performing specific routine tasks. Let's take an example. If a human employee takes four hours to report, RPA allows the same employee to finish the report in 20 minutes. .So, RPA is a powerful tool that can greatly benefit any organization. Costs can be reduced, operational risks can be lessened, quality and accuracy of processes can be improved, workload can be lessened, and customer satisfaction can be increased, ultimately leading to improved business results. In short, RPA offers tangible advantages for businesses of all sizes.. Bots are very flexible and can be executed in any form of the process, which is very consistent in their feasibility than can support errors rather than human interventions. Operations can be performed 24/7 as these bots can work tirelessly . One of the most concrete business benefits of Robotic Process Automation is improved analytics. Businesses can gather valuable data using RPA, and then with the with help of inbuilt AI it is then applied to make more informed decisions. Cycle times, work volume patterns, errors, and exceptions are some examples. Therefore, improved analytics allows you to enhance your product/service for the target market..