Robotic Process Automation - [New Learning]

I personally think aside from spending all the time on making money from the market, we should also spend some time to learn new stuff. So today I'm going to share some of my takeaways from my recent learning on this new technology.  

Enjoy learning and spending time for your own hobbies too. Feel free to share your story on comments below!  

The sharing today will be on what I gain from exploration and learning of this software tools named Robotic Process Automation (RPA).  

 

What is Robotic Process Automation (RPA)?  

RPA is a software technology that makes it easy to build, deploy, and manage software robots that emulate human actions interacting with digital systems and software, through defining a set of instructions.  

 

3 Types of Robots:  

1. Basic Process Automation.  
2. Enhanced Process Automation.  
3. Cognitive Automation.  

 

How RPA approach fit with Enterprise Architecture?  

1. RPA sits outside the enterprise architecture.  
2. It can be applied anywhere.  
3. Used as a fast-prototyping of automation requirements.  
4. Full requirements and templates for traditional IT change program.  

 

5 Major Function Areas For RPA Adoption:  

1. Human Resources  
2. Finance and Accounting  
3. Supply Chain  
4. IT Services 
5. Quality and Assurance Testing  

 

3 Key RPA Business Processes:  

1. Business Process Reengineering.  
2. Business Process Management.  
3. Business Process Automation.  

To achieve a successful implementation of RPA in an organization, the below are the key considerations to take note of:  

1. Governance.  
2. Performance Transparency.  
3. Activation from the organisation.  
4. Leadership and coaching support. 

 

5 Guiding Principles For Successful RPA Implementation In A Organisation:  

1. Strategically Applied.  
2. Led by Business Process Owner. 
3. Quantified and Reported.  
4. Speed with Maturity.  
5. Appropriately Integrated.  

 

7 elements to determine Processes to be RPA-ed:  

1. Data Intensive.  
2. Repetitive in nature.  
3. Rules-driven.  
4. Manual.  
5. Time consuming.  
6. Prone to errors.  
7. Limited human judgement and intervention required.  

 

Recommended Process Assessment for ROA Pilot:  

1. Is the current process is a short and simple process?   Indicate the number of steps for current process completion. 
    
2. Is it having low variation?   Indicate the number of scenarios involved.  
   
   
3. Is it involving low number of systems?  
   Determine how many systems involved for completing current process.    

 

Top 4 Key Players of RPA In The Market:  

1. KRYON  
2. UiPath 
3. Automation Anywhere 
4. Blue Prism  

Feel free to leave your comments on below if you have any feedback or sharing.