A robotic process automation company is a company that specializes in developing software robots that automate repetitive tasks such as moving files to a certain location, sending templated messages, updating the database after an event, etc. The so-called RPA bots replace the human workforce when it comes to time-consuming manual tasks, allowing for significant efficiency improvement and cost savings.Â
Not only is RPA still in demand, but it is also the fastest-growing software segment today. The global RPA market is predicted to reach $31 billion by 2030. A survey by Deloitte revealed that 78% of surveyed companies have or are implementing RPA, and 16% are planning to do it soon.Â
Companies from industries like banking, insurance, and healthcare are challenged with processing many forms, records, and other documents, a long and repetitive process often prone to errors. RPA enables the automation of such processes, reducing the number of human-made errors, enabling 24/7 operation, and reducing the time needed to complete the tasks.Â
An example of how companies can boost productivity with RPA is Trigent Software, which is developing an advanced RPA solution for a real estate investment trust (REIT). By automating report extraction and analytics, Trigent Software increased its client's productivity by over 70%, enabling it to resolve more than 15 records daily.Â
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