The rise of the machine continues to grow as more robots are becoming present in the workplace, across industries, and at different locations worldwide, and this increase will continue for many years to come.
According to an Oxford report, new robots installed in the manufacturing sector since 2004, already displaced an average of 1.6 workers and at least 20 million more will follow by the year 2030.
Currently, the number of robots in the global workforce is 2.25 million, which has doubled since 2010 and more than tripled in the past two decades. The Oxford also reports that China accounts for nearly 20 percent of all the robots of the world as it has every third robot installed.
Job loss projections due to automation replacements are as follows:
- China expects to lose nearly 12.5 million jobs.
- South Korea stands to lose almost 800,000.
- The European Union is looking at nearly 2 million jobs lost.
- Other countries throughout the globe expect to lose 3 million jobs to robots.
The state most vulnerable to job replacement in the United States is Oregon, followed by Louisiana, then Texas, Indiana, and finally, North Carolina, while the safest states are Hawaii, then the District of Columbia, followed by Nevada, Florida, and then Vermont.
Businesses that make the switch from human to a robot may benefit by taking this approach since one robot installed can fulfill the job duties of multiple humans much faster, more productively, continuously, and without error. While job losses seem intimidating, it’s imperative businesses look at this in terms of massive monetary savings.
What Can RPA Do for You?
Robotic Process Automation (RPA) is an artificial intelligence software with machine learning capabilities that takes over repetitive, high-volume tasks that would traditionally require humans.
Oxford also outlines the three main reasons for the surge in robot technology: capability, cost, and the high demand for manufactured goods.
From 2011 to 2016, the cost of running robots has dropped by 11 percent. Things like longer battery life, smarter networks, and microchip processing power have increased the robots’ per-unit value dramatically, making installing robots a more intelligent choice than hiring humans.
In addition, there have been some significant improvements in technology, expanding the role of robots beyond the automotive industry. Currently, artificial intelligence can perform more sophisticated processes. AI is now capable of learning, interacting with humans and other robots, making informed decisions on its own, and more. Moreover, it can be programmed to do just about anything, including:
- Automation pulling data from multiple tools,
- Maintenance of transactions and records,
- Completing accounting spreadsheets,
- And more.
Benefits of RPA
The biggest challenge you will face when adopting new robot technology is the setup process. However, the numerous benefits of RPA outweigh these challenges by far.
RPA can do so much more than a human can with automation, and some benefits usually are overlooked, such as:
- Increased compliance,
- Can be implemented without interrupting production,
- Employees no longer need to know to code,
- Reduces the need for continuous IT involvement,
- More capabilities, including better management,
- Offers improved customer experience with higher quality service and assistance,
- Never fails to meet deadlines, and
- Completes high-volume, rules-based, repetitive, tasks rapidly and error-free without requiring human judgment.
Don’t Over Complicate It
Adopting a new form of technology can be quite daunting at first for some. First, you will want to fully understand what its capabilities are and how to use it to your advantage. No matter how much you think you know about a product, you will usually find it has even more potential after you purchase it. Thus, setting it up to perform the tasks you need it to do can be very hectic. However, once everything is complete and you have been using it for a while, the benefits will start to pay off and can be profound.
Embracing robots in your business does not have to be complicated. Try to keep things simple. With the help of an excellent IT technician—who knows what he or she is doing—you can have the machine up and running in no time. It is a good idea to pay attention to what IT is doing when implementing new technology. Ask questions and learn all you can about RPA when you get the chance. Doing so may help you address future malfunctions yourself.
What Will Your Business Look Like in The Future with RPA?
Your future is looking good with robots installed and working properly. Your operations will run much more efficiently, after implementing RPA into your business functions. Just remember to keep it simple and don’t overcomplicate things, and it will be well worth it in the long run.