Tech Report: RPA
Peer Reviewed
Date issued
Jun 2024
Subject
Automation;
Exponential Technology;
Labor Force;
Disruptive Innovation;
Digital Transformation;
Technology Training;
Loan Operation;
Technology Access;
Science and Technology;
Saving;
Supply Chain Management;
Human Resource Management;
Retail;
Conflicts Resolution;
Computer Software
JEL code
O32 - Management of Technological Innovation and R&D;
O33 - Technological Change: Choices and Consequences • Diffusion Processes;
O35 - Social Innovation;
O38 - Government Policy
Category
Learning Materials
The scalability of RPA allows companies to adjust their robotic workforce according to fluctuating demands, improving not only operational efficiency but also employee satisfaction and strategic focus. With applications ranging from data processing and verification to supply chain management, RPA has become a transformative tool in sectors such as banking, retail, customer support, and human resources management, demonstrating its potential to optimize processes and improve decision-making across a wide range of industries.
The adoption of RPA in Latin America, partly driven by the COVID-19 pandemic, highlights its role in accelerated digital transformation, focusing on business continuity, risk reduction, and knowledge generation. Financial institutions and retail companies, in particular, have adopted RPA to enhance operational efficiency and customer service, with successful use cases showing significant time and cost savings, as well as improvements in customer experience.
The adoption of RPA in Latin America, partly driven by the COVID-19 pandemic, highlights its role in accelerated digital transformation, focusing on business continuity, risk reduction, and knowledge generation. Financial institutions and retail companies, in particular, have adopted RPA to enhance operational efficiency and customer service, with successful use cases showing significant time and cost savings, as well as improvements in customer experience.
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