Enterprise Robotic Process Automation is the disruptive force in digital transformation. It is the obvious next big step in markets around the globe. Why is this happening? Because RPA is covering a widening range of enterprise processes and delivering more competitive advantages. Enterprise RPA delivers powerful outcomes at unlimited scale, helping companies become digital businesses faster and gain a valuable advantage on their path to AI.
The enterprise RPA market is growing at a CAGR of 65%, from nascent in 2016 to $3 billion in 2021. Likely higher. By 2021, Forrester estimates there will be more than 4 million robots doing office and administrative work as well as sales and related tasks. If adoption continues at this pace, how soon do you think RPA will achieve near-universal adoption? Time to act is now.
Prime Minister Narendra Modi recently unveiled the Future Skills platform that aims at up-skilling two million technology professionals and skilling another two million potential employees and students over the next few years.Eight technologies, identified in a survey by NASSCOM and the Boston Consulting Group, are part of the “Future Skills” platform. It includes Robotic Process Automation or RPA alongside AI, Virtual Reality, Internet of Things (IoT), Big Data Analytics, 3D Printing, Cloud Computing, Social, and Mobile, as part of the Future Skills Platform.
According to HfS Research, the global market for RPA Software and Services is expected to grow to $1.2 billion by 2021 at a compounded annual growth rate of 36%, from $271 million in 2016. Today, RPA deployment is a buzzword.
https://tech.economictimes.indiatimes.com/news/corporate/rpa-in-india-the-time-is-now/64299080
The largest and perhaps most challenging intervention is to reimagine the educational curriculum at our engineering colleges and urgently implement systemic changes. According to a report by EY & FICCI, of the 4.5 million jobs in the sector by 2022, up to 20 % will be new jobs.
Already, many large IT organisations have been reducing their fresh graduate hiring intake from tier 2 and tier 3 colleges due to disruption in their traditional business models.
Educational institutes that are churning out hundreds of thousands of engineering graduates must urgently re-think their curriculum based on “future skills”.
While large-scale changes that are required in course redesign may take time given the slow pace of change in India’s educational system, one of the immediate-term measures could be for colleges to offer “credit” courses in newer areas and encourage students to opt for these courses.
https://tech.economictimes.indiatimes.com/news/corporate/rpa-in-india-the-time-is-now/64299080
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