Software robots are having a big impact on the way employees work.
These bots, which do not have a physical form as they reside on servers or in the cloud, will increase productivity by allowing human workers to focus on more complicated and engaging tasks while the bots take care of repetitive or rule-based tasks, the Wall Street Journal reports.
Companies like Ernst & Young and Walmart Inc. use these bots to help provide information to human resources, as well as to transfer employee information from Word documents in order to keep teams up to date on important company updates or travel reminders, the WSJ reports.
Last year, EY also began working with vendors to create a line of software robots for its clients. The company is now anticipating revenues of approximately $750M from the investment over the next two years.