Tag: Robotic Process Automation (RPA)

Several extensive investigations around the globe into the activities of banks have revealed massive failings in the fight against money laundering. The research showed that more and more criminals are exploiting the financial system and laundering their black money by means of quick and immediate remittances.

Up until a few years ago, digital transformation was not high on the agenda for most finance chiefs. Though they recognised that IT was important, most CFOs thought of digital as a technology play, a channel strategy or a customer experience concern.

Intelligent Automation (IA) is simply the use of new technologies to help organisations improve the way they operate. And it may be the ‘digital antidote’ to combating COVID-19 because it is so well suited to solving a number of the business challenges created by the pandemic.   

One of the aspects of the coronavirus has been the sudden evacuation of offices and mass adoption of home working. As a result, some real estate investors believe the working from home experiment that’s taken place during this crisis will lead to a long-term decline in demand for offices.  

Turning company data into an asset is critical, it gives business leaders unprecedented insights. Data offers numerous opportunities across all industries, from healthcare to manufacturing to financial services, to name only a few. Most companies own loads of data and for it to be useful, it is imperative that they ensure that it is clean data.

There are plenty of gags out there about how the main driver to fast-tracking digital transformation in business has been COVID-19, rather than the CTO – and , sadly, they’re largely true. The necessity of shifting the majority of global office workforces to a ‘work-from-home’ scenario almost overnight has seen a huge shift in the way businesses function – and forced those who weren’t embracing digital to do so, in a hurry.

Even though the challenging economic environment is resulting in companies maintaining their focus on reducing costs, 2020 also brings with it many opportunities to grow the business. This can be attributed to developments happening in AI, BI and RPA that are starting to push boundaries this year.

If we, for a moment, liken our clients to sailing ships at sea, then it could be said that the current crisis has resulted in a state of no wind: business is in the doldrums. Every breath of wind needs to be harnessed so that we can help businesses move forward. We need to ensure that businesses who emerge from this are wiser, leaner and more effective.

Businesses will have to embed innovation in their DNA to future-proof their operations for the unparalleled pace of technological change in what we refer to in our Tech Vision 2020 as the post-digital era. In the past, businesses with a unique asset could enjoy a competitive advantage and sweat that asset for ten, twenty or even thirty years before their competitors caught on.

Even though the challenging economic environment is resulting in companies maintaining their focus on reducing costs, 2020 also brings with it many opportunities to grow the business. This can be attributed to developments happening in Artificial Intelligence (AI), Business Intelligence (BI) and Robotic Process Automation (RPA) that are starting to push boundaries this year.