scholarly journals Analysis for the Robotic process automation firm’s future development based on the business model

2021 ◽  
Vol 14 ◽  
pp. 208-215
Author(s):  
Zeju Fu ◽  
Qisheng Teng ◽  
Xinle Wang ◽  
Xiaoquan Wu
Keyword(s):  
Open Source ◽  
Business Model ◽  
Future Development ◽  
Swot Analysis ◽  
Process Automation ◽  
Robotic Process Automation ◽  
Repetitive Tasks ◽  
Healthcare Finance

Robotic process automation tool provides an open-source platform that enables their customers to automate repetitive tasks to reduce their time of working, in which tool can be used in various industrial fields such as banking, healthcare, finance, etc. Our analysis is based on SWOT analysis, Porter’s five force, pistol analysis, and financial projection. We set the UiPath which is one of the leading companies in the industry as an object to analysis whether it deserves the long-term investment and what is the advantage and disadvantages of the company. Besides that, our article also illustrates the environment of the industry, whether it will support UiPath or not. Eventually, we find the UiPath is an investable company, so our team decides to use 1 billion to invest in the company in exchange for 7% equity.

scholarly journals Enterprise Robotic Process Automation

2021 ◽  
Vol 01 (01) ◽  
pp. 10-12
Author(s):  
Imesha Vitharanage ◽  
◽  
Amila Thibbotuwawa ◽  
Keyword(s):  
Cost Reduction ◽  
Business Processes ◽  
Legacy Systems ◽  
Process Automation ◽  
Robotic Process Automation ◽  
Repetitive Tasks ◽  
Productivity Rate ◽  
Healthcare Finance ◽  
Programming Knowledge ◽  
Audit Trails

Robotic Process Automation (RPA) is an emerging technology widely used across multiple sectors such as human resources, healthcare, finance, accounting, manufacturing, higher education and supply chain management, etc. RPA, also known as ‘software bots’, replaces manual, rule-based, repetitive tasks humans perform. These software bots are currently in a journey, evolving to be more sophisticated, mimicking human activities and enabling humans to achieve higher-valued tasks. Hence, RPA impacts the overall operational efficiency in organisations through multiple facets by its integration with employees, existing technologies and infrastructure, and business processes. It reduces the burden on IT as it does not disturb the underlying legacy systems. It increases reliability as bots can work 24x7 effectively. It is used as a time and cost reduction technology as it reduces the size of the manual workload. The tasks performed through RPA is accurate as it is less prone to errors. It increases compliances as it follows the rules and keeps audit trails. The productivity rate of organisations increase as the execution time through RPA is faster than tasks being performed by human employees. Furthermore, RPA is introduced as a low code technology that uses drag and drop functionalities with little to no programming knowledge [1].

scholarly journals A Study to Identify the Possibilities of Implementing Robotic Process Automation for the Processing of Loans in Banks

2021 ◽  
Vol 11 (4) ◽  
pp. 5486-5500
Author(s):  
Varsha Menon ◽  
Avinash Aslekar
Keyword(s):  
Financial Institutions ◽  
Change Process ◽  
Return On Investment ◽  
Process Automation ◽  
Key Factors ◽  
Robotic Process Automation ◽  
Repetitive Tasks ◽  
Operational Costs ◽  
The World ◽  
Almost All

Today, various studies are going on in every part of the globe to minimize operational costs, increase efficiency, and improve the Return on Investment by almost all organizations. Technology is one of the key factors that aid in the change process happening all over the world. Today, organizations are ready to implement any technology to help them maintain their market position in this highly competitive environment. Robotic Process Automation is a technology that could be considered of prime importance. It can solve these issues in an organization once it is implemented efficiently. RPA finds use in those organizations. The amount of manual processes is more, and the works are repetitive and time-consuming. Financial institutions are among those organizations that can take advantage of having RPA improve their operational efficiency. Financial institutions contain a lot of manual and repetitive tasks in several departments. This paper is based on the study conducted to find out the key areas in which RPA can be implemented so that it helps the financial institutions to make their lending process easier.

scholarly journals RPA progression throughout years and futuristic aspects of RPA

2021 ◽  
Keyword(s):  
Artificial Intelligence ◽  
Return On Investment ◽  
Process Automation ◽  
Robotic Process Automation ◽  
Business Environments ◽  
Repetitive Tasks ◽  
The World ◽  
Modern Business ◽  
Automation Tools ◽  
And Robotics

Abstract This paper robotic process automation is highlighted in modern business environments to understand about the progression of robotic process automation and how robotic process automation has brought changes to the world of business. Adoption of robotic process automation tools has raised lots of questions, but their deployment in a business has changed the outcome of the return on investment in a business by reducing cost and time taken on repetitive tasks. The paper is differentiating robotic process automation bot from artificial intelligence and robotics for the better understanding of lay audience. The paper also gives an insight about futuristic aspects of robotic process automation and robotic process automation 2.0.

scholarly journals Robotic Process Automation with Optoklik

2021 ◽  
Author(s):  
Danijel Radošević ◽  
Nikola Mrvac ◽  
Andrija Bernik
Keyword(s):  
Business Process ◽  
Software Tools ◽  
Use Cases ◽  
The Other ◽  
High Price ◽  
Process Automation ◽  
The Real ◽  
Robotic Process Automation ◽  
Fast Growing ◽  
Repetitive Tasks

Robotic Process Automation (RPA) is a fast growing field inside Business Process Automation (BPA). RPA deals with software robots that use human application interface to do some repetitive tasks like starting programs, filling the forms, clicking on buttons etc. Some RPA software tools like Blue Prism, Rapise and UiPath became popular during last years but there are still some problems with them starting with their high price and difficulties to adapt to the real use cases. On the other hand, Optoklik is a relatively small RPA tool developed to be highly adaptable to the real cases and still easy to use. This paper presents the main functions of Optoklik and discusses its usage in automation of different actions that use human application interface.

Open Source Software Sustainability Models: Initial White Paper from the Informatics Technology for Cancer Research Sustainability and Industry Partnership Work Group (Preprint)

2020 ◽  
Author(s):  
Ye Ye ◽  
Michael K Davis ◽  
Keith O Elliston ◽  
Christos Davatzikos ◽  
Andrey Fedorov ◽  
...  
Keyword(s):  
Cancer Research ◽  
Open Source ◽  
Business Model ◽  
Open Source Software ◽  
Best Practice ◽  
Work Group ◽  
White Paper ◽  
Software Developers ◽  
Financial Model

UNSTRUCTURED The Sustainability and Industry Partnership Work Group (SIP-WG) is a part of the National Cancer Institute (NCI) Informatics Technology for Cancer Research (ITCR) program. The charter of the SIP-WG is to investigate options of long-term sustainability of open source software (OSS) developed by the ITCR, in part by developing a collection of business model archetypes that can serve as sustainability plans for ITCR OSS development initiatives. The workgroup assembled models from the ITCR program, from other studies, and via engagement of its extensive network of relationships with other organizations (e.g., Chan Zuckerberg Initiative, Open Source Initiative and Software Sustainability Institute). This article reviews existing sustainability models and describes ten OSS use cases disseminated by the SIP-WG and others, and highlights five essential attributes (alignment with unmet scientific needs, dedicated development team, vibrant user community, feasible licensing model, and sustainable financial model) to assist academic software developers in achieving best practice in software sustainability.

MIORPA: Middleware System for Open-Source Robotic Process Automation

2020 ◽  
Vol 14 (1) ◽  
pp. 19-25
Author(s):  
Myeong-Ha Hwang ◽  
Ui-Kyun Na ◽  
Seungjun Lee ◽  
ByungJoo Cho ◽  
Yeri Kim ◽  
...  
Keyword(s):  
Open Source ◽  
Process Automation ◽  
Robotic Process Automation

Evaluating the Financial Performance Through ‘Consumer Centric Decision’ Approach in Pharmaceutical Companies of Bangladesh: a Business Planning Perspective

2017 ◽  
Vol 9 (1) ◽  
pp. 168
Author(s):  
Md Mostafizur Rahman ◽  
Mahmud Uz Zaman
Keyword(s):  
Market Share ◽  
Swot Analysis ◽  
Financial Analysis ◽  
Pharmaceutical Companies ◽  
Short Term ◽  
The Public ◽  
Investment Choice ◽  
Good Investment ◽  
Business Analysis

Pharmaceuticals agglomerations consistently use their brand image and versatile product portfolios to consolidate their position in the financial sector, which is evident in their continuous profit making and expansion in market share. This paper explores the short-term and long-term investment attractiveness through ‘consumer centric decision’ approach in two selected pharmaceutical companies, Renata Limited and Orion Pharma Limited, of Bangladesh over the last three years’ period. This research adopts a systematic approach which primarily addresses the various concerns of investors to illustrate the decision-making process of the existing and future investors. Using primarily domestic transaction data, this study explores how the leading pharmaceuticals companies of Bangladesh effectively use the wide array of drug portfolios mix with appropriate branding techniques to increase their financial profit and market share simultaneously. Both SWOT analysis and Porters Five Forces Model explore the business analysis of Renata Limited in compare to Orion Pharma Limited that provides a conclusion regarding investors’ decision to invest in Renata Limited. Considering the financial analysis, Renata’s financial liquidity is not very satisfactory and could have been improved further if management is prudent on financial strategy settings. Findings of the business analysis indicate that Renata Limited would be a good investment choice for existing and prospective shareholders based on its opportunities for long term and short term growth and further expansion in developing the market. The results suggest that even lower liquidity coupled with higher interest borrowings can be balanced by posing positive picture to the public shareholders by returning the positive dividend to them.

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