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Economic Impacts of Robots and Robotic Process Automation in the Age of Digitalization

Year 2024, Volume: 9 Issue: 2, 396 - 424, 30.06.2024
https://doi.org/10.30784/epfad.1450440

Abstract

Technological change is the fundamental force behind the process of economic growth. Robotic process automation and robots are innovations that can make a significant contribution to the economic growth process, such as previously emerged steam technology and electrical energy. The aim of this study is to explain the changes that are created by robots and robotic process automation in the economy and to discuss the potential they will have in the future. In this study, firstly, the changes created by robots and robotic process automation in the economy have been attempted to be explained. Within this framework, the transformations and potential future impacts of robots and robotic process automation on labor productivity, employment, the nature of jobs, investments, and the services sector have been examined. Secondly, the effects of robotic process automation are demonstrated through the commercial loan allocation and bill payment processes of the sample bank. The use of robotic process automation in both processes has caused productivity increase. Using robotic process automation in these processes did not cause employment loss. As a result of utilizing robotic process automation in commercial loan allocation and bill payment processes, employees stopped doing routine, manual, and repetitive tasks and had the opportunity to spend more time on activities with higher added value. Robotic process automation has achieved all these gains with a very low investment cost compared to other banking applications. Thanks to all these effects, robotic process automation has created a significant change in the sample bank.

References

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Dijitaleşme Çağında Robotların ve Robotik Süreç Otomasyonunun Ekonomik Etkileri

Year 2024, Volume: 9 Issue: 2, 396 - 424, 30.06.2024
https://doi.org/10.30784/epfad.1450440

Abstract

Teknolojik değişme, ekonomik büyüme sürecinin arkasındaki temel güçtür. Robotik süreç otomasyonu ve robotlar, daha önce ortaya çıkan buhar teknolojisinin ve elektrik enerjisinin yarattığı etkiler kadar ekonomik büyüme sürecine önemli katkı yapabilecek yeniliklerdir. Bu çalışmanın amacı, robotların ve robotik süreç otomasyonun ekonomide yarattığı değişimleri açıklamak ve ileride sahip olacakları potansiyeli tartışmaktır. Bu çalışmada, ilk olarak, robotların ve robotik süreç otomasyonun ekonomide yarattığı değişimler açıklanmaya çalışılmıştır. Bu çerçevede, robotların ve robotik süreç otomasyonun emek üretkenliği, istihdam, işlerin niteliği, yatırımlar, hizmetler sektörü gibi alanlarda yarattığı dönüşümler ve gelecek dönemde yaratabilecekleri etkiler incelenmiştir. Çalışmada ikinci olarak, robotik süreç otomasyonun yarattığı etkiler, örnek bankanın ticari kredi tahsis ve fatura ödeme süreçleri üzerinden gösterilmiştir. Her iki süreçte de robotik süreç otomasyonu kullanılması, üretkenlik artışına neden olmuştur. Bu süreçlerde robotik süreç otomasyonundan faydalanılması, istihdam kaybına sebep olmamıştır. Ticari kredi tahsis ve fatura ödeme süreçlerinde robotik süreç otomasyonundan yararlanılması sonucunda çalışanlar, rutin manuel ve tekrarlı işleri yapmayı bırakmışlar, katma değeri daha yüksek olan faaliyetlere daha fazla zaman ayırma imkanına kavuşmuşlardır. Robotik süreç otomasyonu, bütün bu kazanımları diğer bankacılık uygulamaları ile karşılaştırıldığında oldukça düşük yatırım maliyeti ile gerçekleştirmiştir. Yarattığı bütün bu etkiler sayesinde robotik süreç otomasyonu, örnek bankada önemli değişim yaratmıştır.

References

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  • Eggleston, K., Lee, Y.S. and Iizuka, T. (2021). Robots and labor in the service sector: Evidence from nursing homes (NBER Working Paper No. 28322). Retrieved from http://www.nber.org/papers/w28322
  • Estolatan, E., Geuna, A., Guerzoni, M. and Nuccio, M. (2018). Mapping the evolution of the robotics industry: A cross country comparison. (Università di Torino Working Paper Series No. 12). Retrieved from https://iris.unive.it/retrieve/e4239ddd-cd40-7180-e053-3705fe0a3322/wp_12_2018.pdf
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  • Fernandez-Macias, E., Klenert, D. and Anton, J.I. (2021). Not so disruptive yet? Characteristics, distribution and determinants of robots in Europe. Structural Change and Economic Dynamics, 58, 76-89. https://doi.org/10.1016/j.strueco.2021.03.010
  • Fırat, S.Ü.O. (2023). Endüstri 4.0'dan endüstri 6.0'a yolculuk. Erişim adresi: https://www.sanayicidergisi.com.tr/endustri-40dan-endustri-60a-yolculuk-makale,857.html
  • Fırat, O.Z. ve Fırat, S.Ü. (2017). Endüstri 4.0 yolculuğunda trendler ve robotlar. İstanbul Üniversitesi İşletme Fakültesi, 46(2), 211-223. doi:10.5152/iujsb.2017.005
  • Fu, T. and Cheng, Y. (2022). Regionalisation or domesticalisation? Configurations of China’s emerging domestic market-driven industrial robot production networks. Cambridge Journal of Regions, Economy and Society, 15(2), 343-365. https://doi.org/10.1093/cjres/rsac013
  • Ghiasi, G. and Larivière, V. (2015). Sectoral systems of innovation: The case of robotics research activities. Scientometrics, 104, 407-424. https://doi.org/10.1007/s11192-015-1611-9
  • Graetz, G. and Michaels, G. (2018). Robots at work. Review of Economics and Statistics, 100(5), 753-768. https://doi.org/10.1162/rest_a_00754
  • Grand View Research. (2023). Robotic process automation (RPA) market analysis, 2018-2030 opportunities beyond COVID-19 crisis. Retrieved from https://www.grandviewresearch.com/industry-analysis/robotic-process-automation-rpa-market#
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  • Jungmittag, A. (2021). Robotisation of the manufacturing industries in the EU: Convergence or divergence? The Journal of Technology Transfer, 46(5), 1269-1290. https://doi.org/10.1007/s10961-020-09819-0
  • Jungmittag, A. and Pesole, A. (2019). The impact of robots on labour productivity: A panel data approach covering 9 industries and 12 countries (JRC Working Papers Series on Labour, Education and Technology No. 2019/08). Retrieved from https://www.econstor.eu/handle/10419/231332
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There are 58 citations in total.

Details

Primary Language Turkish
Subjects Growth, Development Economics - Macro, Industrial Economy
Journal Section Makaleler
Authors

Furkan Börü 0000-0001-9239-1341

Metin Recep Zafer This is me 0000-0002-6508-6170

Publication Date June 30, 2024
Submission Date March 11, 2024
Acceptance Date June 28, 2024
Published in Issue Year 2024 Volume: 9 Issue: 2

Cite

APA Börü, F., & Zafer, M. R. (2024). Dijitaleşme Çağında Robotların ve Robotik Süreç Otomasyonunun Ekonomik Etkileri. Ekonomi Politika Ve Finans Araştırmaları Dergisi, 9(2), 396-424. https://doi.org/10.30784/epfad.1450440