RPA Exam || Accurate answers.

What does RPA stand for? correct answers Robotic Process Automation What is Robotic Process Automation (RPA)? correct answers tool that performs if, then, else statements on structured data, typically a combination of user interface (UI) interactions, or by connecting to APIs to drive client servers, mainframes or HTML code How does an RPA operate? correct answers By mapping a process in the RPA tool language for the software "robot" to follow via computer pathways and various data repositories, with runtime allocated to execute the script by a control dashboard How are RPAs designed to act? correct answers Designed to mimic the same "manual" paths taken by a human using a combination of user interface (UI) interactions or descriptor technologies Objective of RPA correct answers To operate certain tasks in place of a human How can an RPA tool be triggered? correct answers Manually or Automatically What activities can an RPA do? correct answers 1) Move or populate data between prescribed locations 2) Document audit trails 3) Conduct calculations 4) Perform actions 5) Trigger downstream activities What are the main factors that firms take into account to invest in an RPA initiative? correct answers 1) Reduce Costs 2) Improve Delivery 3) Consistent Quality Where does RPA fall in automation options? x-axis = Structured Data / Unstructured Data y-axis = Assist Employees' Tasks / Replace Employees' Tasks correct answers Equally between Assist Employees and Replace Employees, and far left on Structured Data side What is the potential for the RPA industry? correct answers *Significant* 1) List of actions a robot can do can be over 600 in some solutions - Deloitte 2) As many as 45% of activities humans are paid to do can be automated == $2 trillion in annual wages - McKinsey 3) 60% of occupations could have 30% or more of their constituent activities automated - McKinsey Market leaders in the RPA software correct answers 1) Automation Anywhere 2) Blue Prism 3) UiPath