Implementing Robotic Process Automation is pretty straightforward, provided you have a clear roadmap, goals, and vision. RPA is already delivering value in multiple industries, with early movers gaining early traction and benefits of the technology. McKinsey says that 45 percent of the jobs we do can be automated. Some of the highest-paying jobs in the world can be, at least partly be automated, including those held by doctors, CEOs, and financial managers.
Robotic Process Automation is an opportunity to tap into AI and automate these menial tasks that often end up hogging important hours for employees. According to Forrester Research, automation will replace 230 million knowledge workers or nine percent of the global workforce.
Acknowledging that, it still is a fact that RPA can make businesses more efficient, scalable, cost-effective, and productive. While taking away repetitive tasks, automation can help reduce the probability of errors and lead to more streamlined operations for businesses across manufacturing, pharma, and retail.
Let’s look individually at these industries and how automation can disrupt them for good.
As industry 4.0 becomes the song of the century for manufacturers, they look for ways to deploy automation and IoT within units to streamline assembly lines and manage production intelligently. Time-intensive processes such as inventory management, procurement, and payment processing need to be optimized for more cost and time savings.
While cost reduction is not the only motto of RPA, organizations dealing with cost crunch and limited budgets and leaking money, look to deploy AI and automation for that purpose. Besides that, RPA can be a driver for agility, flexibility, and scalability within manufacturing units.
Here’s what automation looks like in a manufacturing setting:
Robotic Process Automation typically results in nearly 20 percent cost savings for manufacturers, according to Capgemini.
According to the London School of Economics, a digital workforce that puts in 24/7 work can bring businesses’ ROI up to 600 percent to 800 percent in three years. The emerging robotic workforce can tackle multiple routine administrative tasks that don’t need human logic or judgment.
The pharmaceutical industry has several of such kinds of processes. Automating these procedures using RPA can enable better collaboration across the supply chain, reduce costs, and increase operational efficiency.
At the same time, engaging robots in menials tasks can free up employees to focus on more meaningful, value-adding work, including increasing customer engagement.
Here are a few ways how RPA can positively impact the pharma industry:
Robotic process automation in pharma can cut back on sensitive time and costs while enhancing customer satisfaction.
According to eMarketer, the retail industry will reach $27.7 trillion in global sales by 2020. Besides adopting innovative practices to entice customers, big businesses in the retail industry have been eager to adopt technologies to support the reality of retail automation.
Regardless of e-commerce or a brick-and-mortar business, the retail sector involves various processes where time consumption and human errors pose a serious threat. Right from the stage of production to sales analytics, there are several places where RPA can automate tasks and improve process efficiency.
Here are a few instances:
There are substantial use cases of robotic process automation for all industries, including manufacturing, pharma, and retail. However, to make the technology work for you, you need specialists who can imagine the change for you and make automation happen.
At Acuvate, we believe in a secure, rapid, and agile transformation. Access our specialists today for RPA implementation or migration.