Role of RPA in Data Management

Modern RPA is an adequate option to make a lean business process. It is an essential part of future technologies that have highlighted service automation. Many technology experts are convinced with the potential of the RPA tools and many businesses have gained multi-faceted outcomes using this technology, while many are planning to get it on the board.

It is necessary to focus on data management for an organization to grow because data is the most crucial element for the modern business processes. Therefore, you need to take utmost care of it either by introducing new measures or by advancing existing ones.

According to a survey, approximately 10-20% of human work hours are spent on repetitive and mundane tasks that can be easily automated using RPA.

PWC�s Big Decision Survey stated that 92% of business worldwide are somewhere data-driven and because RPA solutions are cross-functional, the working environment has become so encouraging where both human, as well as robotic tasks, complement each other. On the other hand, RPA is considered a vital option for efficiently handling data-driven tasks and a cost-effective option for automating tedious business processes without modifying the existing processes.

How Companies are Utilizing RPA in Data Management?

RPA tools like Kapow, UiPath and Blueprism are the most used by companies to enhance the efficiency of their internal business processes. RPA tools help automating rule-based tasks, therefore, these are the perfect and reliable option to deal and manage a huge volume of unstructured data.

Big and dominating players of the international market like Google, Amazon, Microsoft, etc. are also using RPA tools to effectively manage data entry and other rule-based tasks. As these companies go through a huge volume data transactions regularly, it is quite difficult to generate 100% accurate outcomes manually and there RPA tools replace humans and bring many benefits like accuracy and speed with effective data management.

Apart from these behemoth conglomerates, other large-scale, mid-sized as well as small scale enterprises are also enjoying the benefits of RPA tools by integrating them with the existing business processes and software. This has streamlined data migration, extraction and other actions related to data.

Even banks are using RPA tools, not only to yield or increase ROI but to generate results from examining the data like consumer behaviour, their requirements, changing trends as per market conditions, etc. This helps them to stay relevant according to their customer�s rapidly changing demands and help them stand out from their competitors.

How RPA can help your business?

RPA can help any business from any industry because every business somewhere struggles with the rule-based and repetitive tasks that require huge cost and are time-consuming. Therefore, if you are also looking for automating data management strategy, RPA can help you implement solutions for end-to-end automation. Some benefits that RPA tools can offer your business:

• Filling forms
• Extraction of crucial information from forms
• Scraping data from web
• Consumer footfall calculation using social media platforms statistics

RPA tools like UiPath and Blueprism play a vital role in managing data along with automating various other business processes that ultimately result in improving workflow and increasing revenue. But, it is necessary to keep fair expectations from implementing RPA because it will still require humans to utilize their potential for acquiring objectives like overall development and sustainable growth for the business.

RPA help businesses to eliminate their pain areas in the existing business processes and bring a lot more benefits like �

• 25-50% cost savings
• Increases productivity by 35-50%
• 100% accuracy
• Improves processing time by 25-50%

Considering all these benefits, you should do an analysis of your existing business processes and identify which processes can be automated. Integration of Robotic Process Automation with the existing processes helps in automating repetitive and tedious tasks. It makes the business advance and sufficient enough to gain a competitive edge over others.