In Japan’s FANUC robotics factory, rows of automated machines efficiently carry out repetitive tasks that humans once performed. Remarkably, the factory can run autonomously for up to 30 days without human supervision. Hirotec Manufacturing eliminated manual inspection time to 100% by integrating cloud technologies, IoT, and small servers on the [...]
According to recent research, scaling intelligent automation could save the Energy & Utilities industry between $237 billion and $813 billion in operational costs. Despite this immense potential, utility providers still grapple with intense competition, increasingly stringent regulations, and aging infrastructure and workforce challenges. The demand for more affordable and cleaner [...]
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), known as hyperautomation or Robotic Cognitive Automation (RCA), transmutes how business is done. IA systems can detect and produce large volumes of data, automate entire processes or workflows, and learn and adapt. It is already assisting businesses in overcoming traditional performance trade-offs [...]
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 [...]
