- Smart Processes
- Smart Systems
- Smart Devices
- Smart Data
Robotic Process Automation (RPA) has been getting enough traction and value in recent times to seize the opportunity and transform itself from a buzz to a valuable business solution. So far there are many business concerns that various industries have faced while implementing RPA. In order to understand and answer the concerns, we need to observe and analyze them in-detail.
According to Frank Casale, Founder & CEO, Institute for Robotic Process Automation (IRPA) and the Outsourcing Institute (OI) “Robotic process automation (RPA) is the application of software and algorithms to perform routine tasks and operations that have been previously performed by humans.” He further explains “The technology can capture and interpret existing applications for processing transactions, manipulating data, triggering responses and communic
There aren’t many industries in the world which have as much potential for automation as banking does. The implications of an automated banking operation are vast, which is why the smartest banks are trying to automate as many of the financial operations as possible. In the banking industry it is all a fight for the best service. The best service however does not just mean physically providing the service face to face, it means providing value to customers in the best way possible.
The Big data buzz has been around since quite a long time but the mystery of deriving meaningful and deeper insights from the data lakes that holds huge volumes of data still remains unanswered. Ignoring this data comes with a huge cost proving to be an irreparable mistake and resulting in reduced customer satisfaction, losing them to competitors, reduced profitability and loss of market share.
‘United we stand, divided we fall’. IT chieftains all around the world seemed to have realized the truth of these words. The integration of social media, mobility, analytics and cloud, cheekily christened SMAC by the IT guru’s, is thus, the next-generation technology that will change the way business is done.