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1. The Impact of Automation
Automation is one of the most disruptive trends in modern business. This lesson will discuss what RPA are, and how this is going to affect employers and employees in the near future.
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Lesson Goal (00:20)
The goal of this lesson is to learn about the impact of automation on businesses.
What is RPA? (00:24)
Automation involves replacing humans with robots to complete tasks. Physical hardware tasks, such as those in manufacturing assembly lines, have been automated for a long time. Nowadays, robots are increasingly automating non-physical software tasks, in a variety of different business sectors.
Robotic Process Automation, or RPA, is the deployment of software robots to automate business tasks and processes. There are various ways of developing these bots. The most common is to use an RPA application like UIPath, which allows users to create bots using a drag and drop interface. Kubicle provides a separate set of courses on UIPath.
Opportunities and Threats of RPA (01:59)
RPA creates opportunities for employers and employees. For employers, bots are generally faster, cheaper, and more efficient than human employees. They generally make fewer errors as well.
For employees, RPA presents opportunities too. Bots generally automate mundane, repetitive tasks, which can leave employees with more time to work on higher concept tasks that require deeper thought.
Even so, RPA will be a disruptive technology, and it will displace jobs. Upskilling is the key for workers to avoid having their jobs automated away. Developing more advanced skills will help employees stay ahead of the robots. Learning RPA specifically allows you to become part of the automation process without being displaced by it.
Automation is one of the most disruptive trends in modern business. This course will teach you the fundamentals of how business processes can be automated using robotic process automation, or RPA.
In this first lesson, we'll learn about the impact of automation on businesses.
Automation is a process that occurs when robots replace humans in completing tasks. Many physical hardware tasks have been automated for a long time.
For example, manufacturing assembly lines are now mostly or entirely operated by robots.
Recently, robots have increasingly started automating non-physical or software tasks. For example, many companies employ chat bots to answer questions from employees or customers without human intervention.
In accounting, robots can accomplish tasks, like processing invoices and payments.
On financial markets, robots can automatically buy or sell stocks and shares based on a real-time analysis of markets and pricing trends. Automation tasks like these can be accomplished using RPA.
We can therefore say that robotic process automation is the deployment of software robots to automate business tasks and processes. RPA robots, which we'll also just call bots, can be developed in many ways. The most common is to use an RPA application.
This is an application that uses a drag and drop interface to create bots.
RPA creates various opportunities for both employers and employees.
For employers, there are many advantages. Bots work faster and are more efficient than humans. They can work 24 hours a day, seven days a week, and they make fewer mistakes than humans, provided the task is sufficiently simple.
Finally, bots are considerably cheaper than human employees, making them more economical. This all might sound quite negative for employees, but there are opportunities for them too.
Bot generally only automate tasks that are simple, mundane, and repetitive. This frees up more time for employees to work on higher concept tasks that require deeper thought than a bot can provide. Employees may find these tasks more fulfilling and enjoyable, leading to an improved work environment.
Nonetheless, there is no doubt that RPA is a disruptive technology.
It is inevitable that certain jobs will be displaced by RPA bots. Rather than try to prevent this, the best strategy for employees is to mitigate the negative effects of this disruption through frequent upskilling. As we mentioned, RPA primarily automates mundane, low-level tasks. Developing advanced high-level skills allows you to stay ahead of the robots and avoid having your job automated away.
If you're a worker, continuous learning will enable you to ingrain yourself into the automation process. With the right skills, you can become the one who tell a bot what to do, not the other way around.
If you're a leader, encouraging your team to upskill we'll give them and your organization an edge over the competition.
This concludes our introduction to the impact of RPA. In the next lesson, we'll consider an example application of RPA in detail.