Adoption of RPA will only grow
Skeptics that may be waiting on the automation wave to pass until the “next big thing” shouldn’t hold their breath (no pun intended). Another report indicated that automation spending by major organizations will increase by 55%, or roughly $42 billion dollars within just the next 5-years. Of this gross spending, RPA technology is said to encompass half of that, rendering in about $25 billion within this time span. Businesses that have been most impacted by stay-at-home orders, such as retail centers and travel organizations, are said to be the organizations taking up the majority of this spending.
Both organizations and individuals need to see not only where the future of this technology is going, but follow the investments in the process. As enterprise-level organizations stray away from manual processes, and leap their instances towards end-to-end/intelligent automation practices, the demand for corresponding labor/human capital will follow. In this automation wave, humans have the capacity and opportunity to render themselves even more beneficial than before, if their priorities remain in the right place.
Opportunity in the “new normal”
Both businesses and individuals need to stray away from trying to go back to the way things were. This economic downturn witnessed in 2020 sparked an overwhelming surge of change in the realm of digital transformation, and especially automation. Finance and accounting organizations, retail, supply chain/manufacturing and sales-driven businesses are just a few examples of organizational functions that will be forever changed by RPA technology moving forward. Digital transformation in the organization starts with, and is driven by, the individuals willing to push the limits of the unknown and the uncomfortable to not only survive, but to thrive.