What is RPA? RPA Robotic Process Automation is a technology that enables businesses to automate repetitive and rule-based tasks by using software robots. These bots mimic human actions and interact with digital systems, allowing organizations to increase productivity and efficiency while reducing errors. The key strength of...
In the last few decades, automation has been gradually implemented in business processes across several functions, such as financial management, operations, supply chains, and human resource management. This entails the replacement of manual and repetitive tasks that were once performed by human employees with the...
For modern business enterprises, digital transformation can be achieved without end-to-end automation of its business processes. In its December 2019 report titled “Move Beyond RPA to Deliver Hyperautomation,” Gartner emphasizes that organizations “must deliver end-to-end automation beyond RPA by combining complementary technologies to augment business...
Cognitive technologies like Artificial Intelligence (AI) are now regularly used to solve business problems. A 2018 survey of business executives found that nearly three-fourths of them believe that the use of Artificial Intelligence in Business will transform their companies within three years. Interestingly, companies are looking...
How is Artificial Intelligence or AI transforming financial services? Read about the applications and benefits of AI in finance....
Predictive Analytics is about identifying future business outcomes based on historical data. Read this article to find out more. How do companies accurately predict their customer's buying behavior or determine which strategy would lead to their subscribers renewing their online subscriptions? No, not through intelligent guesswork....
The explosion of banking and financial data is driving the adoption of Artificial Intelligence in the finance industry. Artificial Intelligence or AI is already playing a disruptive role in the banking and financial industry sector. For instance, AI banking is improving the quality of banking products...
Effectively, process mining is about business transformation. Business enterprises are starting to realize this fact and are going beyond applying process mining to RPA and process optimization. Process mining is the quickest way to identifying, improving, and executing business operations in a digital world. Despite its...
“In God we Trust, all others bring data.” – Edwards Deming Be it for financial accounting, HR management, or manufacturing operations, process automation is delivering a wide range of business benefits. As more enterprises look to automate their complex processes, they are shifting the responsibility from...
Every business enterprise runs on business processes. Effectively, processes exist in every industry domain and can be extended to every part of any business. This includes functions like workforce hiring and training, company finances & accounting, customer services, and much more. Efficient business processes enable...