What’s the future of RPA?

Several reports already projected the growth of robotic process automation (RPA) across the globe, with its market value ballooning to billions of dollars. What are the trends that can help further shape the future of RPA?

This technology almost matches how virtual assistants work today—designed or programmed to help in various tasks, particularly those tedious, repetitive tasks usually done manually.

Before, equipping businesses with technology can be intimidating, money-wise. Thanks to robust demand in the market as well as technology firms’ desire to make these innovations available not just for big corporations but also for small entrepreneurs, RPA as a Service or RPAaaS is slowly gaining momentum. RPAaaS is a cloud-based model that empowers small businesses to utilize software robots in automating their operations, without worrying about handling the technology itself as the provider is tasked to manage that space.

This is one of the trends boosting RPA’s popularity in the market, as it has become accessible to smaller businesses and startups. Since RPAaaS is a cloud-based service, business owners will not have to build an extensive infrastructure or make upfront investments.

In the Philippines, micro, small- and medium-sized enterprises comprised 99.5 percent of all business establishments in the country, data from the Department of Trade and Industry showed. Just think about RPA’s growth opportunity if they decide to adopt this.

Aside from issues on financing, managing automation can be daunting. But low-code and no-code platforms are ready to simplify the development and deployment of RPA solutions. These will allow employees with minimal knowledge of coding to create and manage automation workflows. Given this, RPA adoption is seen to further accelerate.

Another contributing to the bullish outlook on RPA is its impending expansion in new industries. From finance, healthcare, hospitality, and supply chain, RPA has also started reaching legal services and education.

These trends show RPA’s flexibility and integration, addressing what an organization needs. They also mirror the current efforts of Monstarlab Philippines’ RAX, with its powerful tools tailored fit to the needs of its clients.

“We at Monstarlab believe that there’s always room for improvements, especially with technology. As we discover more about the wonders that RPA can do, we see to it that we serve as the bridge for our partners and clients to experience this innovation,” said Allan Tan, Managing Director, Monstarlab Philippines.

Wanting to upgrade your business with RPA? RAX can help evolve yours. Schedule a meeting with the team now.