When people think of robots, they usually think of machines with artificial intelligence. In a way, they have the ability to rise and surpass humans in the process of learning and growing. Aside from the sci-fi story, what many people don't realize is that robots have been around for a long time and often differ from what they imagined. There are many different types of robotics available, including Amazon's mobile robots for distribution centers, or robot assistants currently available in some Target and Lowe stores.
However, physical robots deployed in the blue-collar workforce are not the only robots that can promote business development. There are also some less compelling robots, and many companies have used robots to increase the efficiency of white-collar workers.
How companies increase their robots while retaining their employees
Robotic Process Automation (RPA) is the interaction of software robots with existing business and web applications and is the key to process automation within the company. Through RPA, employees have a lot to gain, including the freedom to focus on production, not on repetitive tasks. Now, as these robots become smarter and easier to deploy, day-to-day work like coordinating financial data sheets or submitting human resources instruments will be a thing of the past. This will help develop a successful employee engagement strategy that allows employees to focus on actual data analysis and make strategic decisions that benefit customers and the company, thereby increasing performance.
Manual labor reduces productivity
From finance to settlement to IT, employees in all departments have a series of tasks that require manual and repetitive tasks. On average, managers spend two days a week on administrative matters, while in the United States about $575 billion a year is spent on administrative work. Millennials are willing to earn $40,000 a year to do their favorite jobs, rather than earning $100,000 a year, doing some boring things. There are inherent risks associated with these manual tasks, including the unnecessary burden of overtime work on employees, as well as some problems such as leaving and migrating. Not only that, but when employees are under-employed, they are less likely to develop their own ideas and make decisions that may benefit the company's overall profitability.
When companies look for new ways to gain competitive advantage, increase customer and employee loyalty, and more importantly, use the right technology to free employees from boring, tedious work, and many people are already in the robot With the help of finding freedom.
Wal-Mart will soon be equipped with robots in 50 stores
A new type of robot is making the learning curve flat.
With the help of robotics, the company is paving the way for changing the way employees work. According to a recent report, 70% of IT decision makers believe that robotics has become more and more important only last year. In this growth process, some robotic solutions have become “plug and play†rather than having to be created from scratch and have the best practical process knowledge that can be easily configured by business users. This makes them easier to access, easier and faster to install. As robotics become more mainstream, by 2020, robotic process automation is expected to reduce the workload of shared service center employees by 65%. Not only does this increase speed, efficiency and accuracy, but employees get a lot of time to generate ideas that benefit customers and the company's bottom line.
This is very obvious for financial professionals. In the next 20 years, their role will have a 93% chance of automating, but many accountants worry that this will put them into unemployment, and automation is actually good news. Most accountants are currently caught in ERP processes, such as invoicing or manual reconciliation or data entry, all of which prevent them from using financial data to make strategic recommendations for the business. With RPA, robots will perform manual, repetitive tasks instead of them, reducing the burden of processes such as revenue confirmation, ultimately bringing the finance team closer to the 80/20 model, 80% of which will be spent on analysis rather than manual work.
Robots do better: Why is automation good for business?
To achieve these benefits, companies must develop the right strategy. According to Gartner's research, by 2019, only 50% of companies will be aware of the impact of process automation on the company. Why? Because too many companies mistakenly focus on layoffs. Unfortunately, this mentality only limits the power of the RPA. When the robot strategy is mapped to business outcomes and overall goals, the real benefits are realized. Robotics enable companies to realize what they could not have imagined, because in a secular human world, they are bound, which limits innovation. In addition, by optimizing the way employees work, companies can truly empower employees to transcend secular power and promote their role to strategists who bring greater value to the brand.
In order for the company to stay ahead of the competition and keep employees engaged and excited about their roles, implementing the right RPA strategy is critical to future success. By staying ahead of the curve and implementing RPA as early as possible, the company will eventually get employees out of the manual tasks that plague productivity and allow them to make forward-looking decisions and benefit from the end result.
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