GRADED A+ | 2023-2024
What does RPA stand for? ✔✔Robotic Process Automation
What is Robotic Process Automation (RPA)? ✔✔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? ✔✔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? ✔✔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 ✔✔To operate certain tasks in place of a human
How can an RPA tool be triggered? ✔✔Manually or Automatically
What activities can an RPA do? ✔✔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? ✔✔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 ✔✔Equally between Assist
Employees and Replace Employees, and far left on Structured Data side
What is the potential for the RPA industry? ✔✔*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 ✔✔1) Automation Anywhere
2) Blue Prism
3) UiPath
What are some differences between RPA tools
i.e. from different providers ✔✔1) Unattended deployment versus
attended deployment
2) Crafting "instructions" for the bot to run
3) Generic RPA tools or process-specific
automation tools
4) Some limited or no artificial intelligence (AI) or
machine-learning capabilities
5) Price point and licensing agreements