EVP of products at Kofax, a supplier of intelligent automation software to digitally transform end-to-end business operations. If organizations want to get further down the road (faster) in their digital transformation journey, they're going to need fuel. And not just any type will cut it: They need artificial intelligence. Over the last few years, companies have made smart investments in robotic process automation (RPA) and business process management (BPM). They've deployed RPA to streamline discrete processes and, in doing so, freed up countless hours of their employees' time.

For many organizations, achieving digital transformation is not an overnight process. Fortunately, there are tools to help organizations make significant advances and be better positioned to reap the rewards of a digital workplace. For years, business process management (BPM) technologies have been a core part of many organizations' digital transformation strategies. As new innovations in the industry emerge, organizations are finding even more opportunities to become digitally adept. Robotic Process Automation (RPA) has been gaining popularity as the latest automation tool to drive workplace efficiency and productivity – but how is it different from traditional business process management approaches?

Robotic Process Automation (RPA) technologies create software-based'robots' that are capable of following pre-set processes in order to complete work that would otherwise require manual labor. Similar to Business Process Management Software (BPMS), RPA offers a solution for enterprises that are suffering from inefficiencies and challenges associated with legacy software systems. Not to say one is better than the other though, because both RPA and BPMS are crucial to process-related solutions and essential to an organization's digital transformation. BPM is known to be a systematic approach to streamlining business processes in a way that drives profitability and ensures maximum efficiency within an organization. BPMS, on the other hand, is a process automation tool.