The concept of automating business processes isn’t new; what is new is the variety of ways that breakthrough automation technologies are being implemented, as well as the types of real-world benefits that enterprises throughout the world are achieving. By automating regular or tedious operations, automation frees up a staff to [...]
Banking Financial Services and Insurance industry continues to house many legacy applications and business processes that involve many repetitive manual processes. Large organizations like JP Morgan Chase, UBS, MetLife insurance, etc., have invested millions of dollars over the years to transform their application landscape to enable end to end [...]
Research firm Gartner estimates the market for hyper-automation enabling technologies will reach $596 billion in 2022, up nearly 24% from the $481.6 billion in 2020. The RPA software market grew 38.9% in 2020 to $1.9 billion and held its position as the fastest-growing segment in the enterprise software market. Gartner is expecting [...]
In every sector of the economy, Intelligent Automation (IA), also known as hyperautomation or Robotic Cognitive Automation (RCA), is transmuting the way business is done. IA systems are capable of detecting and producing large volumes of data, as well as automating entire processes or workflows while learning and adapting as they go. It is already assisting [...]
As per the latest Gartner forecast, global Robotic Process Automation (RPA) software revenue is projected to reach $1.89 billion in 2021, which is 19.5% higher than in 2020. Fabrizio Biscotti, Research Vice President at Gartner, says, “The key driver for RPA projects is their ability to improve process quality, speed, and productivity, [...]
The global pandemic not only was a health scare – it also led to a lot of economic distress. While Insurance companies in such times play a critical role in providing a cushion and help organizations manage the risks, they too have been under tremendous pressure. Not only are [...]
At the beginning of this year, Gartner identified the top ten strategic technology trends and placed Hyperautomation on the top. Although all the predictions and projections of the year have been refuted by the unfortunate turn of events, automation has proven to be the primary means for enterprises to keep their operations [...]
The world might be fighting against a pandemic caused by a novel virus, but that is not the only health-related issue there is. The healthcare institutions still have their patients with chronic diseases such as cancer, diabetes, and heart conditions. They still need to treat those with depleting organs and life-threatening [...]
Having reaped the benefits of accuracy, speed, and precision, the digitally-driven world is moving beyond simple automation processes. The expectations for an automation tool are increasing from being an avid follower to an optimizer that will not only complete the given task at accelerated pace but also with improved [...]
The dawn of robots brings along the promises of a future with accurate and reliable processes. An Everest Group survey revealed the positive trend toward RPA adoption, given its capability of aligning business strategies with long-term goals. Having almost touched the $700 million mark in 2018, the RPA market [...]
