Robotic Process Automation in 2022
The robotic Process Automation Market has been continuously growing. The revenue is projected to reach $2 billion in 2022 and 13.4 billion in 2024.
It is not about what’s glitters and gold, but about the evolution and maturing of the trends of Robotic Process Automation in 2022. RPA is not merely a multi-spike automation strategy but also good news for all the IT and business leaders.The investors can seek their results of 2020, maybe now in 2022, but what is more important is that what always glitters is not gold, and it may not always produce results.
Robotic Process Automation is a result-oriented technology, and in this article, we will be exploring the trends to watch for in 2022.
Here are the top trends of RPA in store for IT pillars and Business-oriented people in 2022.
1. Adoption of RPA Center of Excellence
As the Robotic Process automation tasks have exponentially increased among the businesses like Human Resources, Information Technology and Customer Services, businesses will be forced to shift their RPA functions and adopt a single centre of excellence and tackle all RPA tasks.
2. Shift to Managed Service Providers that focus on RPA
Businesses are shifting to Managed Service Providers utilizing state of the art robotics platforms like Automation Anywhere, UIPath, Power Automate to reduce RPA implementation costs and duration to provide the solutions and quick ROI. The adoption of MSPs provides RPA as a service and help in outsourcing tasks of automation. It provides automation capabilities at a lesser price
3. Revolution of RPA with Semantic Automation
Semantic automation is the reason behind faster and easier automation, less time and easy accessibility and scalability. It is a release from the rules-based development process for robots to observe the process and emulate them.
Though Semantic Automation has not yet acquired the large stage in the development industry, it is a key trend of 2022 and will take up centre stage very soon.
4. Key of RPA: Hyper-automation
What iS Hyper-automation might be your question before knowing the trend? Hyper-automation permits businesses to automate their process that was compartment-based on traditional RPA into one process.
Hyper-automation is all set to become one of the largest enterprises in 2022 as a smarter, faster and advanced version of RPA.
With the power of artificial intelligence, RPA and machine learning, hyper-automation processes a large amount of data with end-to-end optimisation of business processes in multiple areas. It will boost the efficiency and productivity of businesses and increase scalability.
5. Growth of Intelligent Process Automation
An estimation of 14.4 Billion US dollars is made about the global market of Intelligent Process Automation by 2024. It is a blend of automation capabilities based on rules with RPA, the hit-and-trial learning ability of machine learning, and a fundamental process redesign.
It is revolutionarily affecting any business’s efficiency and way of working and is expected to offspring many more new business approaches and strategies.
The existing IPA is expected to close at a rapid rate due to the current adoption of RPA at a global level.
6. Automation of cyber security measures
The rising number of cybercrime, ransomware, breaches of data and attacks has led to an evolution in cybersecurity technologies.
RPA plays an important role to automate cybersecurity and eliminating human requirements while processing data and monitoring cyber threats. Though RPA poses a threat to cyber safety itself as it is often exposed to attacks and abuses bot authorisations.
Therefore, careful implementation of RPA is required to get the best results and alleviate cyber attacks.
With the above-mentioned trends of RPA in 2022, it is clear that RPA is becoming the very basis of modern business welfare and strategy, and the business not acquiring this technology would soon be left behind in their world with the inability to compete.