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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 […]
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 […]
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 […]
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 […]
It’s very likely that your organization uses more than one application to get different things done. You may have CRM software to manage clients’ contacts and accounting software to manage your payroll. Software integration means […]
ETL refers to the process of creating a single source of truth for all the data an organization intends to use. The process has three steps: extraction, transformation, and loading. Extraction involves taking data from […]
The adoption of automation technology in different industries has led to the emergence of jobs that did not exist. There is a lot of data to prove that automation does not eliminate jobs, but it […]
The volume of data in the world is increasing at a rate of 1.5 Megabytes per person per second. The world needs to collect, organise, clean, and analyze that information to draw useful meaning. Data […]
Automation in business is the continuous attempt by organizations to use technology to better their personnel and processes. Automation helps achieve a myriad of things, including standardization of workflow, time savings, cost reduction, collection of […]
The holy grail of automation is replicating human intelligence and action. To create systems that can act on their own with minimal human intervention. Robotic process automation is a part of the greater sphere of […]
