Financial Services Ireland

Get ready for robots

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Get ready for robots

Welcome to our new report Get ready for robots – Why planning makes the difference between success and disappointment’, and analysis of the impact of Robotic Process Automation.

Software Robotics or Robotic Process Automation (RPA) promises to transform the cost, efficiency and quality of executing many of the back office and customer-facing processes that businesses rely on people to perform. That’s the good news. But RPA is not without its challenges. We have delivered RPA projects across 20 countries and are often called upon to help companies when their first attempt failed.

While RPA can transform the economics and service level of current manual operations, we have seen as many as 30 to 50% of initial RPA projects fail. This isn’t a reflection of the technology; there are many successful deployments. But there are some common mistakes that will often prevent an organization from delivering on the promise of RPA.

As one of the largest RPA consultancies delivering programs globally to financial services organisations, EY is often called in to get RPA programs back on track. This is the first in a series of papers based on our practical experience and the lessons we have learned. In this paper, we examine the common issues that we see clients facing as they move forward with robotics projects. Subsequent papers will define robotics and explore its potential, how best to structure RPA programs and advanced robotics. To find out more about what robotics is, watch this short video.

While Robotic Process Automation can transform the economics and service level of current manual operations, many initial projects fail to capture the full potential of the technology. In this paper we examine the common issues that we see clients facing as they move forward with PA investments and advise on how to set up for success.

I hope you find the report insightful and helpful to your own agenda. We will be planning a number of local events over the coming months and will update you on each.

If you would like to discuss any of the issues raised in more detail or hear about how we are working with others in this area please do not hesitate to contact me.

Colin Ryan

Partner, Performance Improvement
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Get ready for robots

Why planning makes the difference between success and disappointment





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