The ‘robot’ in the term RPA is not a physical robot but a virtual system which can efficiently automate repetitive manual computing or business process tasks. A March 2017 report from Research and Markets reveals that "The robotic process automation market is estimated to reach USD 2,467.0 million by 2022, at a CAGR of 30.14% between 2017 and 2022. The major factors that have propelled market growth are ease in business processes offered by robotic process automation, and convergence of robotic process automation with traditional business process industries".
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Robotic Process Automation (RPA) is the new buzz word in the IT industry as it promises to bring in a shift in the traditional way of manually doing the business and IT operations in organizations. The term Robotic Process Automation brings into your mind the picture of physical robots doing some labor intensive human physical tasks like unloading heavy goods from a vehicle or cleaning your house.
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