Tag: Robotic Process Automation (RPA)

Industry 4.0 can exponentially grow developing economies and combat resource-related challenges. The manufacturing sector is South Africa’s fourth largest sector and a key driver of economic growth. However, industrialisation challenges in recent decades and the relatively slow adoption of new technologies have hampered the true potential of this industry.

Cash-strapped municipalities are missing obvious opportunities to recoup unclaimed taxes. Often, they are focused on bigger budget items, but they need to realise that one obvious answer to cash preservation is hiding in plain sight.

Business Intelligence (BI) has undergone significant transformation in recent years and certainly is not being superseded by artificial intelligence. In fact, it has become more efficient and user friendly since moving to the cloud, utilising AI and machine learning, and its embedded implementation.

The pandemic accelerated an existing trend toward widely distributed workforces, set in motion by growing globalisation and digitalisation. This creates a number of challenges for companies in terms of managing these dispersed employees.

Payroll solutions in South Africa must be modernised to benefit from the likes of cloud computing, robotic process automation (RPA), and artificial intelligence. If companies are to effectively contend with evolving payroll legislation in the country, they need to embrace these technologies and transform into digitally driven organisations.

Financial institutions are spending, on average, 14% of annual operating costs on change management functions in order to drive greater productivity gains, a new study has shown. According to our report, 'Productivity 2021 and beyond: Upskilling the workforce of the future to create a competitive advantage in financial services', more than one in four firms are spending more than 20% of their operating costs on change programmes.

This tumultuous year has placed incredible pressure on people, on relationships and on the global economy. However, one component of the economy has proven its resilience throughout the pandemic and the lockdown: global supply chains.

While some may have viewed 2020 as a write-off, the technology sector has seen a massive upswing. As a result of forced, mass digitisation, 2021 promises to be a fruitful – albeit challenging – year for technology. Globally, there are three key predictions that could shape success in the year to come.

Disruption taking place through isolated digital innovations are a thing of the past. Instead, a complete digital policyholder journey is becoming the expectation within insurance. This can be attributed to how innovation has become commonplace for a business to stay ahead of the curve.

Today, Artificial Intelligence has the ability to automate white-collar work, in a shift many are calling the 'fourth industrial revolution'. Industry experts Pascal Bornet, Ian Barkin and Jochen Wirtz are at the helm of this Hyperautomation. In their new book, the team lays out what the future might look like.