AI News, Intelligent Automation Could Add $512 Billion to the Global ... artificial intelligence
Banks stand to reap $512 billion revenue boost from 'intelligent automation'
Such articles sound like tabloid sensationalism and are very damaging on the nature of technology change and how to implement it.
There are many in such state because so far it was far easier to meet set targets by shifting the manual handling of exceptions to cheaper shores rather than industrialise their structural resolution.
The real trick is absorbing the potential of technology towards business outcomes as an on-going activity.
Such an approach will also enable further human potential above AI rather than see it as a simple cost cutting exercise.
RPA must move from the shadow of Artificial Intelligence
A business leader at finance automation company V1 is warning that organisations that are prioritising Artificial Intelligence (AI) at the expense of Robotic Process Automation (RPA) risk missing out on major operational efficiencies.
In order for businesses to achieve the greatest time and cost savings, this game-changing technology must move from the shadows of AI.” Despite Forrester predicting that the RPA market will reach $1.7bn in 2019, new research by Advanced has found the technology has the lowest levels of interest among businesses in the UK.
The research, which quizzed 1,000 professionals working at British businesses, found that, although 65% of people would be happy to work alongside robotic technology if it meant less manual processes – therefore increased productivity – RPA was not a spending priority.
Meanwhile, 59% think that less than half of people in their organisation are ready to adopt new technology to change the way they work, perhaps due in part to the 45% of people who think RPA and other disruptive technologies would put their company at greater risk of a cyber-attack.
We use automation to process over 19,000 invoices on behalf of the farmers each month while the farms get all the data making it easier than ever for them to understand the exact cost of goods against the yield.” Here are V1’s top tips for businesses looking to realise the power of RPA: For further information on V1, see here: https://www.wearev1.com/
- On 15. april 2021
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