Robotic Process Automation in Oil & Gas
RPA in Oil and Gas industry can have a positive impact in business process efficiency. With software-based automation, bots can cut down costs, increase profits and drastically reduce the time it takes to perform a task.
Robotic Process Automation is already changing the way Oil and Gas companies operate. Around the world, businesses are focusing on bringing operational efficiency, and RPA is taking the center stage of software-based automation for oil and gas companies.
What is Robotic Process Automation (RPA)
Robotic Process Automation (RPA) is a software-based automation system that can perform repetitive tasks that humans perform everyday. The software works with multiple applications to perform tasks faster, better and in a more efficient way.
How can RPA help Oil and Gas industry?
RPA has the potential to change the Oil and Gas companies’ business processes altogether when done right. RPA plays a major role in areas like supply chain automation services, trading functions, logistics processing services, safety and security. Companies use RPA to automate majority of this process that are currently being handled by humans.
RPA based operational analysts is also picking up in the industry with tools like HelpSystems Automate, Automation Anywhere and BluePrism. Where Skcript helps you is to build a complete end-to-end roadmap of this entire RPA implementation with detailed process workflows that will help your business run faster.
Why deploy robots when there are humans?
There are a lot of reasons why companies prefer bots to do the repetitive tasks than humans. For one, humans are species with intellect, which allows us to think through complex situations and act upon it. Robots does not carry emotions and are extremely faster and good at performing pre-defined set of tasks.
Here are a few more reasons why companies use RPA to help humans perform better:
- Robots operate 24x7
- Robots are super efficient in performing tasks
- The error rates are low when compared to humans
- Robots can use data directly from multiple applications and process data in parallel
- Accuracy is off the charts with RPA robots
- Consistency; you can expect a task to be complete at a consistent time and process without having any second thoughts;
- Reliability; no sick leaves, super high efficiency since bots work 24x7, every single day;
What is the Return on Investment for RPA implementation
The industry has seen a very high RoI for RPA implementations. Our analysts report that around 40 to 45% of the work in a business could be automated today using RPA. The implementation and efficiency only grows with time in any business. Also, automation can lead to a 60 to 75 percent increase in the efficiency.
While this 75 percent efficiency increase is in the case of complex business process, the number could go all the way up to 95 percent for businesses that are dealing with direct validations. One of the best example would be to automate the invoice and payments processing using RPA for Oil and Gas industry.
How can Skcript help you with RPA
Introducing RPA processes into your business could be a huge challenge. Working with an experienced company is essential to make sure the transition is smooth. Skcript’s RPA Advisory Services can support you with the challenges, make the transition easy and deliver quality the Skcript way for your organization.
Our experienced RPA engineers and business professionals bring in a unique mix of expertise and an incredible depth of knowledge in RPA to help you implement a RPA process in your business.
Our job is not to make sure we implement RPA in your business, but also to make sure your people are ready before we go live in your organization.