Robotic process automation (RPA) technology is the next frontier for businesses looking to streamline processes, increase productivity and ultimately improve the bottom-line.
RPA typically uses artificial intelligence to handle repetitive, rules-based, back-office tasks. And the market is about to experience a period of "explosive" growth.
The RPA market grew 64 percent to $200 million last year and is expected to grow 70 to 90 percent by 2018 because successful pilot projects are inspiring buyer confidence in the technology, the consulting and research firm reports.
However, there are some barriers to adoption, such as IT departments concerned about data security and loss of control. Plus, “replacing staff with robots in some sectors, such as government, could become a political minefield.
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