RPA stands for Robotic Process Automation, a software technology that uses virtual robots to perform tasks that are repetitive and rule-based.
How does RPA work?
- RPA software robots can perform actions like understanding what's on a screen, navigating systems, and extracting data.
- RPA can automate tasks like data migrations, approval workflows, and loan processing.
- RPA can handle structured and digitized data from multiple sources, such as Microsoft Excel and vendor portals.
- RPA can perform tasks faster and more consistently than humans.
- RPA can reduce the need for manual, time-consuming work.
- RPA can help businesses identify, vet, and automate processes more rapidly.
- Intelligent RPA uses artificial intelligence (AI) and machine learning technologies to automate more cognitive tasks.
- Intelligent RPA can examine and process semi- and unstructured data, visualize screens, and understand speech.