Tag: Robotic Process Automation (RPA)

For jobs to be created, new industries need to be created and for that, you need people. A unique opportunity for job creation is emerging with the rise of artificial intelligence (AI), which is set to not only become a new growth area of its own but will also upend innumerable existing industries.

Artificial Intelligence is the world’s hottest technology trend right now, with tools like ChatGPT and Google’s Bard grabbing global headlines. However, there is another technology that is set to automate more mundane, tedious, and time-consuming tasks in just a fraction of the time and cost compared to traditional methods - and it’s called Robotic Process Automation (RPAs).

Amid a flurry of fast-tracked digital transformation initiatives over the past few years, hyper-automation has emerged as an essential approach in the drive toward operational efficiency and seamless customer experiences. For companies seeking to counteract the disruptive effects of the pandemic and its ripple effects on global supply chains, hyper-automation can ease the burden that repetitive processes and legacy infrastructure place on organisations.

Technology is moving so quickly that many business owners might feel overwhelmed with all the sudden hype around artificial intelligence (AI), ChatGPT and other trends. We’re still coming to terms with what this technology means and how we can use AI in any meaningful way.

South African businesses need to be efficient, nimble and resilient to thrive in a landscape characterised by economic uncertainty, rising costs, fierce competition and low growth. Automating business processes is one of the most effective tactics they can use to increase productivity, become more competitive and reduce costs.

At the end of last year, the world’s leading 40 mining companies had a combined revenue of approximately $925 billion. In fact, the net profits of these organisations grew by 127% on the back of high commodity prices and prudent cost management.

As self-driving industrial vehicles mature and the Internet of Things (IoT) as well as wireless connectivity become more widespread, the mining industry in South Africa has shown a growing interest in automating haul trucks and other mobile equipment.

At the end of last year, the world’s leading 40 mining companies had a combined revenue of approximately $925 billion. In fact, the net profits of these organisations grew by 127% on the back of high commodity prices and prudent cost management.

According to McKinsey, the tech-enabled insurer of the future will bear little resemblance to the institutions that exist today. Digitalisation, cloud computing, robotic process automation, and the Internet of Things are just some of the elements influencing the direction of the industry.

The massive surge in cybercrime, the ever-increasing number of threat vectors, and a critical skills shortage has left organisations feeling more vulnerable to cyberattacks than ever before. With exponentially more ransomware incidents being reported than there are skilled cybersecurity professionals available, progressive businesses are looking to Artificial Intelligence (AI) and Machine Learning (ML) to close the gap.