Ask HN: Has anyone heard of RPA? I think it is a bad idea. Am I wrong?

I work for a large regional bank that is trying to cut costs. Their answer: RPA Robotic Process Automation. We’re using a vendor called Automation Anywhere.

Curious to hear if anyone else has experienced this. From what I’ve seen so far it feels like a lot of marketing woo; and very little substance with some concerning security holes.