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, [...]
Every enterprise is awash with repetitive protocol-based work where it needs to collect and enter data, process transactions, reconcile records, and perform back office work manually. If these tasks are automated, the job can be accomplished quickly, smartly, and efficiently without jeopardizing the quality. While the Robotic Process Automation (RPA) tends to focus on automating repetitive and rules-based [...]
The advanced technology trend put forth by Gartner has hyperautomation listed for the last two consecutive years. This by itself is a testimony to the fact that we live in the era of hyperautomation. The hyperautomation market is forecast to reach $200m by 2025, growing at a CAGR of 14% [...]
It has been close to a year since the WHO declared Covid-19 as the global pandemic. Like most of the businesses, the travel industry was one among the worst hit. However, it did not thwart the growth of the travel insurance sector. A recent report published by ‘Valuates Reports’ says [...]
By the end of 2024, 75% of organizations will shift from piloting to operationalizing AI, predicts Gartner. Rita Sallam, distinguished research vice president at Gartner says, “To innovate their way beyond a post-COVID-19 world, data and analytics leaders require an ever-increasing velocity and scale of analysis in terms of [...]
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 [...]
