How Might Robotization Upset The Commercial center and Industry? Faisal Parvez, Director - IT Delivery & CIO Business Partner, AMEA, BT

Faisal is an exceptionally energetic Specialized pioneer with above than 10 years of involvement that incorporates an ideal mix of specialized comprehension of venture and program executives with a profound understanding of the telecom space. 

The Institute of Robotic process automation (IRPA) describes Robotic process automation (RPA)as the application of technology that allows employees in a company to configure computer software or a "robot" to capture and interpret existing applications for processing a transaction, manipulating data, triggering responses and communicating with other digital systems.

RPA digitizes labor through the use of advanced machine intelligence, engagement, analytics, big data, social media, mobile technologies, and cloud computing. However, RPA is expected to ultimately expand the job market, according to some economists and researchers. Cliff Justice from KPMG states that cognitive robotics advancements will have a major impact on the labor market, shifting the knowledge worker framework from one of labor arbitrage, which reduces costs for relevant functions by anywhere from 15 percent to 30 percent, to one of labor automation, which reduces costs by 40 percent to 75 percent.

RPA will transform the whole concept of how businesses operate.

However, RPA won't necessarily cause hundreds of millions of knowledge workers to lose their jobs. New RPA technology will fill some roles currently performed by knowledge workers, but a portion of the displaced workforce will be freed up from doing repetitive administrative tasks to focus on innovating and generating revenue. Automation brings opportunities to transform mundane back office processes, and improve efficiencies, together with increased efficiency and productivity of the company, hence providing greater operational abilities of the platform.

From the business point of view, in order to achieve successful RPA, management must fully understand how this process works in practice. If successfully implemented, however, staff can easily drive customer satisfaction and increase overall business value, while reducing the risk of non-compliance. RPA is expected to ultimately expand the job market according to some economists Further, a few researchers state that RPA will have various stages of maturity.

The first stage would be the basic process automation, which includes building macros, screen scraping, and business workflow technologies that sit at the presentation layer of OSI. The second stage focuses more on automating processes. If the response falls within parameters, the technology can then inform the robot to carry out a transaction and perform functions that once required a human decision-making process.

A key element of RPA is the scalability of labor automation. With labor arbitrage, costs generally rise along with the scaling up of a business. Technology is developing much faster and cheaper, whereas labor doesn't scale the same way. RPA `robots' are revolutionizing the way we think about and administer business processes, IT support processes, workflow processes, remote infrastructure, and back-office work.

RPA provides dramatic improvements in accuracy and cycle time and increased productivity in transaction processing, while it elevates the nature of work by removing people from dull, repetitive tasks. Daniel Jessop, who heads strategic Transformation initiatives globally for BTGS said, "BT Global Services is committed to transforming the Service Experience of our customers.

We are currently investing in Robotic Process Automation as we see a great opportunity to improve Customer Experience by reducing dwell in our processes, increasing the quality of the interactions we provide, and delivering the changes that the business demands more quickly than would be possible with a traditional platform.

Robotic Process Automation will change the way we work as it will free up our people, ­ moving them away from repetitive low-value tasks, allowing them to focus on how we better serve the customer". Several renowned researchers in the industry, including Andrew McAfee from the Massachusetts Institute of Technology (MIT), have concluded that robots will eventually create more jobs than we could ever have imagined.

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