Meaning of Robotic Process Automation (RPA)

Simple definition

Robotic Process Automation (RPA) is the use of software robots (bots) to automate repetitive and rule-based tasks, typically in business processes.

RPA is applied in industries like finance, insurance, and healthcare to increase efficiency and reduce operational costs.

An RPA bot automates data entry from invoices into an accounting system.

RPA primarily works with structured data; however, it can be combined with AI for unstructured data.

RPA automates predefined tasks, while AI can learn and adapt over time.

Initial costs can be high, but it offers significant cost savings over time through automation.

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