Robotic Process Automation (RPA) emerges as a transformative force, redefining the way businesses operate in 2024. This blog will explore some of the top RPA trends and forecasts for 2024, showing some cutting-edge technologies and approaches that contribute to shaping RPA.
Table of Contents
1. Intelligent Automation
Intelligent Automation (IA) will be the buzzword in the RPA landscape in 2024. IA is the next step of traditional RPA by integrating the cognitive capabilities of Artificial Intelligence (AI), Machine Learning (ML), computer vision, and Natural Language Processing (NLP). This advanced solution will enable organizations to automate more complex tasks, facilitating end-to-end business process automation and complete digital transformation.
In 2024, Intelligent Automation is expected to be widely adopted in the insurance, banking, and finance services industries.
2. Cloud-based RPA
The shift of RPA to cloud environments will be a key trend in 2024. Gartner’s report predicted that more than 20% of RPA initiatives will move to the cloud by 2024, representing a huge increase from 1% in 2020.
Cloud-based RPA can bring a range of advantages. One of the main benefits is its ease of deployment. With cloud-based RPA, organizations can quickly deploy bots and manage automation, adjusting the scale of RPA deployment easily, reducing the need for complex infrastructure and costly maintenance. Additionally, cloud-based RPA provides greater flexibility as businesses can access RPA tools from anywhere, at any time.
3. Low-code and no-code RPA
Low-code and no-code RPA will emerge as a big hit in 2024 as these platforms allow users and organizations with minimal to no programming skills to build new applications and systems using visual interfaces and drag-and-drop tools.
Low-code and no-code RPA can simplify the automation process, making it more accessible to a wider range of users. Besides, these platforms are easier to maintain and modify than traditional RPA, allowing for time, resources, and cost savings.
By 2024, most organizations will leverage codeless development for about 30% of automation initiatives, according to IDC.
4. Citizen developers
Low-code and no-code RPA have given rise to citizen developers, those users with little or no coding experience who are capable of creating RPA solutions for unique business requirements. Utilizing the capabilities of low-code and no-code RPA platforms, citizen developers can quickly create and deploy bots, actively contributing to automation projects. This facilitates businesses to stay ahead of the curve and respond more quickly to changing markets.
5. Human-bot collaboration
2024 expects to see greater human and RPA bots collaboration in the workforce. By assisting employees in automating repetitive and mundane tasks, RPA bots allow employees to concentrate on more creative and strategic work.
By maximizing the effective collaboration between humans and bots, businesses can achieve the most notable performance improvements, reimagine their operating processes, and foster a more innovative work environment.
Conclusion
RPA has proven to be a game-changer for businesses of all sizes in various industries to enhance process efficiency and achieve digital transformation. With RPA’s advancement, 2024 will continue to be an interesting year for automation. Gartner indicates that the RPA market is most likely to grow at double-digit rates through 2024. Besides, the RPA market size is anticipated to exceed USD 5 billion by 2024, according to a research report by Global Market Insights, Inc. The continued growth of RPA is driven by the ability to accelerate an organization’s performance, productivity, and agility.
In Vietnam, akaBot is the trusted automation solution partner, paving the way for the comprehensive automation journey of businesses. The advantages of akaBot include:
- Providing a complete solution package: akaBot’s “tailor-made” solution meets all the needs of businesses, closely following businesses in every step of the automation journey, from the very first step of automation process selection.
- Understanding the domestic market and businesses: With vast experience in implementation, akaBot can easily understand domestic businesses, applying the “Fast-to-Mass” strategy to help businesses deploy automation quickly, and bring results in a short time.
- Integrating different technology: akaBot autonomously develops RPA core technology and integrates different intelligent technology platforms such as Intelligent Document Processing (IDP), Process Mining, AI, OCR, Voice, Chatbot,…, bringing a comprehensive and intelligent automation process.
To welcome RPA’s future and learn more about akaBot’s comprehensive solutions, contact us today for direct advice.
References
Top Robotic Process Automation (RPA) Trends and Forecasts for 2024
The 10 latest trends in Robotic Process Automation (RPA)
Top RPA Trends in 2023 and Forecasts for 2024
akaBot (FPT) is the operation optimization solution for enterprises based on RPA (Robotic Process Automation) platform combined with Process Mining, OCR, Intelligent Document Processing, Machine Learning, Conversational AI, etc. Serving clients in 20+ countries, across 08 domains such as Banking & Finances, Retails, IT Services, Manufacturing, and Logistics…, akaBot is featured by Gartner Peer Insights, G2, and ranked as Top 6 Global RPA Platform by Software Reviews. akaBot also won the prestigious Stevie Award, The Asian Banker Award 2021, etc.
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