A new year, especially when it launches a new decade, is a natural time to look both forward and back. In the case of the robotic process automation (RPA) industry, it is still a time of growth; a time to envision an even brighter future. As a result, publications and experts, from the largest to the smallest, from the most general to the most specialized, again have tabbed RPA as a growing trend—always “one to watch.”
Here is a sample of how RPA has been represented on various “top trends for 2020” lists:
During 2020, robotic process automation (RPA) will continue to impact financial institutions to help them be more efficient and effective as well as help ensure they meet federal and state compliance requirements. Today’s advanced RPAs don’t have to be explicitly programmed to perform tasks; they can simply observe what humans do and then automate or suggest improvements to processes. This includes processes such as customer onboarding, verification, risk assessments, security checks, data analysis and reporting, compliance processes as well as most other repetitive tasks. –The Top 5 Fintech Trends Everyone Should Be Watching In 2020, Forbes
I know this isn’t a new concept but, the more we head toward automation, the more we’re going to see robotics come into play—particularly in tandem with AI. Although robotics have been around a while, the technology is now moving at lightning speed and, I predict that we’ll see a surge in RPA investments for 2020. –Top 10 Digital Transformation Trends for 2020, Baltimore Post Examiner
In the upcoming year, robotic process automation (RPA) will continue to impact financial corporations helping them to be more efficient, effective and will also ensure they meet central and state compliance requirements. Anuj Kacker, COO and co-founder of MoneyTap says, “The key benefit of RPA is that it plays well with other existing technologies. RPA has the potential to adapt quickly to changing circumstances and learn accordingly, hence it enhances processes rather than replacing them. With our alternate data and lending models, we hope to reach new segments of consumers. We plan to expand the role of our tech and data teams to combine UI and AI. This will lead to customized credit solutions for diverse customer segments. Our vision is towards financial inclusion of underserved categories in India.” –5 Must-Know FinTech Trends for 2020, News Patrolling