9 in every 10 businesses in America today use at least one automation tool to improve a process. Business leaders today appreciate the value that automation is capable of driving. However, achieving hyper-automation requires the deployment of dozens of bots to work together to improve efficiency throughout the businesses. Most businesses struggle with hyper-automation. In […]
According to recent research by Gartner, human error in a financial institution can cost up to 25000 hours in reworks. This translates to more than $850,000 which when extrapolated to the entire sector means billions of dollars every year. It is no surprise, therefore, that the financial sector is keen to adopt robotic process automation […]
The adoption of artificial intelligence in businesses is still at an infancy stage although it is growing notably fast. In 2020, Gartner reported that in that there are companies where AI-related products account for more than 20% of earnings before interest and tax. Still, less than 20% of all companies worldwide can claim to have […]
Intelligent Document Processing (IDP) brings several technologies together to help businesses to be able to transform unstructured data into a form that is usable. 8 in every 10 businesses have data in an unstructured format such as emails, hand-written documents, PDFs, and other document formats. Being able to automatically transform that data into a usable […]
According to Forbes, over 50% of businesses that were somewhat affected by COVID-19 reacted by investing more in innovative technology, including predictive analytics. Predictive analytics is the use of statistical algorithms to make accurate predictions and business decisions. Statistical algorithms help businesses to make better inventory decisions, fulfill orders quicker, grow revenue, and control costs […]
According to Allied Market Research, the value of the global artificial intelligence market will surpass $169 billion by 2025. By then, the effects of machine learning and AI technology will be felt in virtually all industries. Businesses have invested heavily in research to unlock the possibilities presented by AI and Machine Learning. Not all projects […]
Robotic Process Automation is a form of business process automation where instructions make a bot carry out a task over and over. Robotic Process Automation (RPA) mimics human-computer interactions so that tasks happen in high speeds. When applied commercially, huge volumes of tasks can be automated, thus limiting the use of manpower. RBA does not […]
Predictive analytics and deep learning are gaining increased application use cases in Fortune 500 companies and smaller ones as well. Deep learning is a branch of artificial intelligence that uses neural networks to carry out tasks such as fraud detection and speech recognition. Deep learning systems are capable of self-improving as they analyze large data […]
The global Business Process Automation market size is estimated to be worth around $20 billion by 2026. This will be a 12% CAGR from its 2020 size, an indication that businesses are quickly implementing automation solutions in their workflows. Over 40% of businesses today have applied at least one form of Business Process Automation. According […]
AI and machine learning will be some of the most important technologies of this decade due to the wide context of their use currently. AI has become an essential tool for sales and marketing due to the level of personalization they provide in customer engagement. According to Salesforce, 51% of brands rely on some form […]
