The five stages of analysis
More and more, industry leaders are turning to Robotic Process Automation (RPA) to eliminate tedious manual tasks and enabling employees to refocus their time on higher value work. Aimed at automating business processes, RPA is an emerging technology that allows organizations to streamline enterprise operations and reduce costs by emulating and integrating human interaction within digital systems to execute a business process.
RPA is a subdiscipline of Artificial Intelligence (AI), where software wizards or “bots” are configured and coordinated to execute repetitive manual business processes and human tasks. These bots can interpret, trigger responses, and communicate with other systems in order to perform a variety of tasks, all while reducing staffing costs and human error.
According to Gartner, automation and AI will reduce employee requirements in business shared-service centers by 65% and the RPA market will top $1 billion by 2020. By then, Gartner believes 40% of large enterprises will have adopted an RPA software tool.
So how do you start the journey to RPA?
Speridian Technologies makes RPA possible through a 4-pillar best-practice approach, called RapidROITM.
“By 2020, 40% of large enterprises will have adopted an RPA software tool.”
Leveraging our RapidROITM approach to Analysis, you can produce incremental value at every stage in successive bursts.
The Analysis can ideally be done in these five stages:
|Weeks 1-2||Project Initiation & Agreement of Metrics / KPIs / ROI|
|Weeks 3-6||Initial value analysis, identification of Quick Wins, creation of Analysis Plan, Governance Plan|
|Weeks 6-12||In-depth analysis of High Value / Quick Win processes at sub-process level, Implementation Plan|
|Months 4-6||Ongoing analysis service – Further in-depth analysis of initial processes as per Analysis & Implementation Plans / Value Analysis & Roadmapping for other divisions|
|Months 7-12||Ongoing analysis service – As required, in line with Analysis / Implementation Plans of other divisions in scope|
In the first stage, define the agreement of metrics, KPIs and the overall ROI of the initiative. During this Project Initiation phase, facilitate the delivery of a catalogue of candidate processes that are then analyzed and elaborated to a Product Backlog using an Agile-like approach of sprints. Once the Product Backlog is ‘groomed,’ define the Value Points (Cost Savings) and Size Points (Effort) to build each of the Sprint Backlogs based on agreed priorities by the Governance Team.
In the second stage, conduct an initial value analysis, identify quick wins, and produce the Analysis Plan and a Governance Plan with governance mechanisms required to implement Enterprise RPA at scale. By using a repetitive and consistent set of core processes that are used throughout the engagement lifecycle, ensure that all goals and objectives will be met across the associated business domains, lines of business, and partners.
For the third stage, produce an in-depth analysis of the quick win processes at a sub-process level and create a recommended Implementation Plan. In this plan, define governance and analysis standards, roles, processes, activities, techniques, tools and deliverables, as well as associated best practices that should be implemented for each type of solution and/or business domain.
The last two stages of this engagement include two types of ongoing analysis to provide further in-depth analysis of the initial processes, as well as the strategic roadmapping of additional processes to various divisions of the company, as desired.
Are you ready for RPA?
Speridian Technologies is a one-stop Implementation Partner for RPA. We support the entire RPA lifecycle from end-to-end RPA implementation and integration to Managed Services around bot governance and maintenance to ensure that you have an effective RPA solution.