December 10, 2020Blog
As part of their ongoing digital transformation journeys, enterprises are turning to Robotic Process Automation (RPA) to enhance efficiency and productivity. According to a recent report from Deloitte, 53 percent of organisations have started to leverage RPA to robotise and automate repetitive tasks to allow the human workforce to focus on higher value work, accelerate business value and increase process scalability.
RPA adoption is expected to increase to 72 percent in the next two years and, if adoption continues at its current level, RPA will achieve near-universal adoption within the next five years.
The clear business benefits of a strong privileged access security program can be realised across numerous digital transformation initiatives – from RPA and cloud to DevOps.
Effectively conveying the value of privileged access security in enhancing the business will help in gaining critical executive support and obtaining necessary budget and resources.
When RPA is considered by companies, CISOs and security leaders have a timely opportunity to hold business discussions on the importance of applying strong cybersecurity to this disruptive technology and related business performance.
Here are four ways to develop the RPA safety business case, based on securing privileged access:
- Contact McKarthy Labs and let our team of seasoned professionals help you.
- Reduced risk = cost savings in addition. The ROI is undeniable, although current industry forecasts on RPA cost savings range from 25 to 50 percent. In less than 12 months, with dramatically improved compliance, efficiency, accuracy, productivity and cost reduction, the Deloitte study points to complete ROI. But protection must be built in from the outset to realize the full financial potential of RPA. The first and most important step in securing RPA workflows is controlling and maintaining the privileged route. This prevents unauthorized users from accessing RPA software robots’ data and prevents malicious insiders and foreign attackers from advancing their attacks.
- Greater productivity in processes. Around 10 to 20 percent of all hours of human labour are spent on routine computer activities. RPA helps to automate much of this “handwork” manual involved in everyday business, such as entering data from one program into another (such as invoices and POs). Implementing RPA privileged access protection not only eliminates risk, but also expands automation to the management and rotation of privileged credentials of software robots. This helps teams in IT operations streamline procedures and boost operational performance. Organizations can inspire workers, minimize tension, spark excitement and work satisfaction, and decrease employee burnout and churn by refocusing these teams on less laborious, more business-critical, intellectually stimulating activities.
- Simplified enforcement: RPA, which can mitigate risk and compliance problems, minimizes human access to sensitive data. RPA, however, needs a host of new non-human “robots” that need privileged access to connect to sensitive systems and data, opening the door to new challenges of compliance. An efficient, unified privileged access protection solution will significantly improve audit reporting by automating compliance of privileged access policies and providing full visibility during privileged sessions of who,” “when,” “why and what.”