The Upcoming $3.7 Billion Automation Takeover

November 4th, 2019

 

In a recent article published by Forbes, they reported the worldwide robotic process automation (RPA) software market will amount to $3.7 billion by 2022. This is an astonishing figure that will take over several industries in the United States, including sectors like banking, insurance, healthcare, and many more. In fact, many of these industries have already integrated RPA into core functions of their operations.

 

The reason why RPA is so attractive for major companies is because of the large amounts of efficiency it provides, the improved customer service it enhances, and the unprecedented amount of costs it saves. The reality of the matter is that RPA is able to process large amounts of information and make accurate decisions for problem solving with a rate that humans are unable to keep up with. Naturally, companies are investing heavily in the new technology to raise their profit margins, reduce inefficiency, and increase productivity. But what does this new standard of technology mean for jobs and immigration?

 

The potential for RPA is essentially endless, as long as the required data is able to be collected. In essence, this means that its impact can extend into almost any field. However, those that involve mechanical procedures and predictable guidelines are more likely to be automated first, such as finance and healthcare. While this does pose some concern for immigrants looking for employment in these fields, there are several components of RPA that companies need to consider before they can start using the technology. For example, where can they appropriate it in their work procedures? How involved do they want the RPA to be in their daily functions? How can they individually tailor the bots to work for their specific company? Questions like these are crucial before any company can start unhesitatingly using bots to replace their employees.

 

Nevertheless, the reality of RPA will soon come to dominate our workforces as it finds more and more usage in everyday work processes. Going forward, immigrants looking for potential employment in the United States will have to pay close attention to the American job market as automation starts to play a larger role in crucial industries. Our firm has been diligently covering these recent trends, and our experienced attorneys have helped numerous clients gain approval under this turbulent immigration period. With expert help and a well-prepared petition, our attorneys can ensure your petition stands out among an increasingly competitive job market and an overhauling automation threat. Contact our office today!