Why fortune 500 companies are obsessed with Intelligent automation?

How has Unilever managed to enhance the diversity of new talent employed by 25%? How did ANZ Bank lower its operating costs by more than 40%?


47% of CEOs are being challenged by the board of directors to make progress in digital business, and 56% said that their digital improvements have already improved profits,” said Mark Raskino, Vice President and Gartner Fellow in a statement.


What is Intelligent Automation (IA)?

IA, often known as Hyperautomation, is a concept that makes use of a new breed of software-based automation. It uses a combination of strategies and technologies to automate business tasks on behalf of knowledge workers. This automation is accomplished by simulating the skills that knowledge workers employ in their daily tasks (e.g., language, vision, execution, thinking & learning). The purpose of IA is to achieve a business result through a redesigned automated process that requires no or minimal human intervention.



As a result, IA speeds up processes, lowers costs, improves quality and compliance, strengthens process resilience, and improves decision outcomes. In the end, it promotes consumer and employee satisfaction while also increasing revenue.


By collaborating with the human workforce, IA effectively builds a software-based digital workplace that allows for synergies. On the simpler end of the job spectrum, IA aids in the completion of repetitive, low-value-add, and time-consuming tasks such as data reconciliation and the digitization and processing of paper bills. Intelligent Automation (IA), on the other hand, enhances workers by giving them superhuman abilities.


It may, for example, evaluate millions of data points (such as those acquired from the web) in a matter of minutes and derive insights from them (for example, identifying consumer behaviours that have a direct impact on revenue).

Intelligent Automation is completely new. IEEE just coined the word "IA" in 2017. It incorporates a number of relatively recent technologies, most of which were developed within the last ten years.



IA's distinguishing features:

Universal

• The majority of functionalities can be used across industries (for example, banking and retail) and corporate functions (for example, sales, operations, and finance).

Adaptable

• Scaling can be done instantly and forever after the first software is written at absolutely no incremental expense. It's as easy as copying and pasting resources to expand the capability of a digital workforce.

Round the clock

• IA capabilities ensure the continuation and sustainability of automated processes by delivering services on demand at any time and on any day.

Dependable

• Based on the same input, IA systems will always produce the same result. Their level of performance remains unchanged and accurate assuming no changes in the environment. IA systems are extremely resilient when implemented according to best practices.

Financially appealing

• The majority of IA-related technologies are affordable and often pay back in less than a year.

Accessibility

•The user interfaces of IA technologies are usually simple and easy to use. Most of these applications take only a few or simple abilities to operate.


Why fortune 500 companies are obsessed with Intelligent automation?
Why fortune 500 companies are obsessed with Intelligent automation?

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Explore our website or contact us at business@bharatvikasnetworks.com or 9986861892 to learn more about Bharath Vikas networks' automation services.


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