By 2028, RPAs CAGR is expected to reach 24.31%, with the USD reaching 13871.72 million, shared by Latest Market Research Updates. RPA is a revolutionary technology that uses software robots or "bots" to automate repetitive, rule-based tasks, allowing human workers to focus on more strategic and creative aspects of their roles. In this article, we will look at what RPA is, and why it is being adopted by businesses all around the world.
RPA involves the use of software robots or bots to automate routine, rule-based tasks within business processes. These bots mimic human actions and interact with applications and systems to execute tasks such as data entry, data extraction, and decision-making. RPA is not about physical robots but rather software that can be programmed to perform tasks across different applications and systems. RPA is being adopted due to huge cost benefits, with Strategic Market Research sharing that 61% of survey participants said RPA fulfilled or exceeded their cost reduction expectations.
When considering adopting RPA software, you must consider scalability, accuracy, cost-efficiency and speed. These are key benefits and factors that will determine if the software is right for your needs, and will be able to grow with your business.
RPA is benefiting multiple industries, but some of the top industries that are leveraging this include:
Now that you know what to consider when adopting RPA, and the key industries that are currently benefiting from the technology, how do you know if you need it? You should consider adopting this software if your business is facing any of these challenges:
Despite the benefits of adopting RPA to solve your business challenges, some considerations must be taken into account before moving forward with the technology. Here are some of the key challenges and considerations that must be made:
Businesses all over the world are adopting the rapidly growing CRM and automation software, TEB Apps. TEB Apps is leading the way in the CRM market due to the software's proven ability to maximise conversions, boost revenue and accelerate growth. With TEB Apps, you will have unique benefits such as:
Streamlined team communication โ TEB Apps gives you the ability to assign actions, leave notes on clients and track performance in real-time, completely streamlining your team's communication.
End-to-end lead tracking โ Track how your leads are progressing in real-time, with details on the hottest leads that should be prioritised to improve your conversion rate.
Holistically view your data โ View all of your data holistically with lead funnels and report generation to gain insights into your performance and reliable forecasts.
Automate your processes โ Streamline manual processes like quote creation, billing, lead assigning and more to boost your efficiency, improve your customer experience and win more sales.
Start your journey with TEB Apps today. Book a demo at a time that suits you and discover how you can grow your business to its full potential and win more sales.