The Best Uses of Robotic Process Automation - Algoworks

Robotic process automation, or RPA, has been doing numbers over the last few years. The global RPA market was worth $271 million in 2016, and in 2020 that number hit $2.5 billion, an enormous increase by any metric.

These figures are constantly being revised, with RPA’s rapid adoption among SMBs surpassing most expectations—the market wasn’t expected to hit $2.5 billion until 2021.

This is largely being driven by the extensive adoption that we’re seeing among SMBs, who have seen the costs for automation technology fall significantly in the last few years.

This, combined with a growing need for organizations to invest in new technologies that will improve their operations, has led to a steep rise in the market.

In 2020, 78% of organizations in a Deloitte survey had already implemented RPA, and 16% plan to do so in the next three years. But, what are modern businesses using RPA automation to achieve? What benefits can it bring and why does a modern business need it?

Today, we’ll be taking a look at three ways that SMBs are utilizing RPA to improve their processes to answer this very question.

Thank you for watching.

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