The Future of Outsourcing: Robotic Process Automation by Olufisayo May 21, 2018 written by Olufisayo May 21, 2018 0 FacebookTwitterPinterestLinkedinWhatsappEmail Related Articles The Eager Entrepreneur: Bouncing Back When Things Are... June 15, 2021 8 Ways to Fast-track Your Way up the... June 13, 2021 Good Food, Good Mood: The Role of Quality... June 10, 2021 David vs Goliath: How Small Businesses Can Beat... May 27, 2021 Entrepreneur Sees Huge Lockdown Growth of Subscription Style... May 26, 2021 Choosing a Commercial Cleaning Service Company? Consider These... May 26, 2021 Tips for Independent Retailers in a Post-COVID World May 20, 2021 3 Common Legal Issues for Companies and How... May 18, 2021 Important Details to Consider When Expanding Your Small... May 14, 2021 Top 5 Business Ideas for 2021 & Beyond May 10, 2021 2 comments Oliver Harris May 30, 2018 - 2:37 PM RPA can change the way in which companies outsource. Companies often outsource to foreign countries as a way to get tasks completed when they cannot afford to hire workers locally. This sends company money to other countries to pay the outsourced workers, removing income from the local economy while risking that customers might not receive the best quality of service. Automation software takes the outsourced worker out of the equation, filling in for the jobs that were previously handled by a foreign worker. Reply David Adams January 29, 2021 - 3:20 AM Though RPA and outsourcing share many similarities, there are some aspects that they do not impart: a lack of security, a loss of internal knowledge capital of a business’ processes, and slow response times. Sometimes, offshore outsourcing can also result in productivity losses due to time zone differences. Thus, more organizations are switching robotic process automation especially in conjunction with artificial intelligence and machine learning. Thank you for sharing this interesting article. Reply Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. This site uses Akismet to reduce spam. Learn how your comment data is processed.