The Impact of Robotic Process Automation on the Automotive Industry

How It All Began

The automotive industry has known exponential growth ever since its beginnings in the late 19th century. While in 1895 there were only four cars officially registered in the US, nine years later, in 1904, there were 121 US firms assembling and producing around 22,000 automobiles — and that was just the start. Only a few years later, in 1908, Ford’s Model T was the first automobile to be mass-produced on moving assembly lines with all parts completely interchangeable.

Robotic Process Automation Today

According to Ravnit Kohli of Synechron, “Robotics is a surging, multi-billion-dollar market because it provides businesses incredible savings and efficiencies [with] robotic process automation for consumer and business applications, which are expected to become an $8.7 billion market by 2024.”

Robotic Process Automation in the Automotive Industry

Robotic process automation allows manufacturers streamline back-office operations and cut the complexities of managerial processes, thus creating an agiler back office. This is possible due to a host of reasons.

RPA Enhances Regulatory Compliance

Because no process-related data is stored from the software, thus keeping the information secure throughout automation. For a large North American automotive company, with a global customer and supplier base, complying with regulations in a multitude of countries can add 11% to their expenses each year, according to The Manufacturing Institute.

RPA Provides Real-Time Process Monitoring and Analytics

Software robots enable real-time reporting allowing manufacturers to determine optimal inventory levels and to calibrate current operations based on patterns of customer demand. They are a non-invasive tool for data extraction that provides wider and deeper analytics, with specific data for each executed process.

CiGen, one of the first dedicated (#RPA) #Robotic #Process #Automation companies, providing Intelligent Automation solutions and services, using @uipath

CiGen, one of the first dedicated (#RPA) #Robotic #Process #Automation companies, providing Intelligent Automation solutions and services, using @uipath