Robotic Process Automation (RPA)
The use of software robots to automate rule-based, repetitive tasks by mimicking human interactions with digital systems. Often considered a predecessor to AI Agents, RPA focuses on structured workflows without learning or adapting over time.
Putting RPA in Context:
In CRE, RPA can automate straightforward tasks like entering property data into accounting systems or sending routine rent reminders to tenants. Unlike AI Agents, which can learn, adapt, and make decisions dynamically, RPA operates strictly within predefined parameters. While RPA delivers immediate efficiency for repetitive tasks, its static nature limits its ability to handle complex or evolving processes, paving the way for AI Agents to provide more versatile and intelligent automation.
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