Article | May 5, 2020
Proteins are often called the working molecules of the human body. Proteins do most of the work in cells and are involved in many functions of the body essential to human life including building up antibodies to fight off disease.
Article | June 2, 2021
Intelligent Automation (IA) is one of the trending buzzwords of our times. What makes automation smart? Is it new? Why the renewed focus? Bill Gates believed automation to be a double-edged sword when he said: “Automation applied to an efficient operation will magnify the efficiency. … Automation applied to an inefficient operation will magnify the inefficiency.”
IA lies at the intersection of robotics, artificial intelligence (AI) and business process management (BPM).
But before you think HAL from 2001: A Space Odyssey, J.A.R.V.I.S. from Iron Man or Terminator 2: Judgment Day scenarios, first, a little context. IA is not new; automated manual processes have been in existence since the dawn of the Industrial Revolution. It enabled speeding up go-to-market, reduced errors and improved efficiencies. Over time, automation made its way into software development, quality assurance processes, manufacturing, finance, health care and all aspects of daily life.
“Intelligent” automation backed by robotics, AI and BPM creates smarter business processes and workflows that can incrementally think, learn and adapt as they go — for instance, processing millions of documents and applications in a day, finding errors and suggesting fixes or recommendations.
What Intelligent Automation Does, Humans Can’t
IA enables the automation of knowledge work by mimicking human workers’ capabilities. It includes four main capabilities: vision, execution, language, and thinking and learning. Each of these capabilities combines different technologies that are used as stand-alone or in combination to complement each other.
One oft-quoted IA example is fraud detection and prevention in the BFSI sector. Robotic process automation (RPA) optimizes the speed and accuracy of the fraud identification process. Since RPA can go through months’ worth of data in a matter of hours and throws up exceptions, teams cannot keep up with the speed and scale needed to resolve the issues flagged. However, speed and efficiency are of the essence where fraud management is concerned.
The answer lies in AI and BPM coupled with RPA. IA can streamline the process end-to-end. Pascal Bornet notes in his book, Intelligent Automation, that IA can help improve the overall automation rate to nearly 80%, and it can help improve the time to solve a fraud incident and obtain clients’ refunds by 50%.
While RPA provides excellent benefits and quick solutions, cognitive technologies offer long-term value for businesses, employees and customers.
IA And Digital Transformation
IA adoption is growing swiftly across the enterprise, being fast adopted by more than 50% of the world’s largest companies. Its benefits are relevant to the majority of business processes. For example:
• Industrial systems that sense and adapt based on rules.
• Chatbots that learn from customer interactions to improve engagement.
• Sales and marketing systems that predict buyer journeys and identify leads
The Future Of Work: Bitter Or Better
There is much speculation when it comes to IA and the future of work. The main contention is that robots will take away jobs from humans. My argument is that, while it will cause role changes, it doesn’t necessarily mean job losses.
The Industrial Revolution helped automate “blue-collar” jobs in manufacturing and agriculture. Similarly, IA will automate many white-collar jobs that are tedious and tiring. A recent IBM report shows that 90% of executives in firms where IA is being used believe it creates higher-value work for employees.
So, no, we will not be living in a dystopic world controlled by bots running amok! IA means better roles, the elimination of laborious tasks and improvements in employee well-being.
The Promise Of The Better Life
In 2018 alone, over $5 trillion (6% of global GDP) was lost due to fraud. Medical errors in the U.S. incur an estimated economic value of almost $1 trillion — and 86% of those mistakes are administrative. A 2017 Medliminal Healthcare Solutions study found that 80% of U.S. medical billings contain at least minor errors — creating unnecessary annual health care spending of $68 billion. The World Economic Forum cited an ILO report that “estimates that the annual cost to the global economy from accidents and work-related diseases alone is a staggering $3 trillion.”
Now, let us imagine we can save $5 trillion globally through the deployment of IA. It means:
• Global budgets allocated to education could more than double.
• Global healthcare budgets could be increased by more than 70%.
• Environmental investments could be multiplied almost twentyfold.
Transitioning To Intelligent Automation
However, adopting IA is not like flipping a switch. There are some key steps an organization must experience in its bid to be automating intelligently.
• Planning. For the successful adoption of IA, business leaders must understand the relationship between people and machines. Enterprises must plan so as not to disrupt other parts of the business and integrate IA seamlessly into the existing programs. Instead of adopting IA across the processes, identify where it delivers the most value. Automating broken processes will not fix the problem. IA will only reap rewards on stable and mature processes
• Change management. IA is not easy to implement. There will be a great deal of resistance to adopting IA in your organizations. Designing a change management strategy, an execution road map, an enterprise operating model and key metrics for ROI will help your cause. Invite key stakeholders from the outset to ensure buy-in and train your employees to work in collaboration with IA.
• Governance framework. Establishing a governance framework helps determine who will watch the watchmen. The bigger the role of IA in your organization, the more critical governance becomes. Designing a framework will help you monitor performance as well as define exceptions and errors. It is a recipe for disaster if you don’t have a command and control center to ensure IA is making the right choices. Even more reason for humans with industry expertise to still “have their jobs” and excel at them.
Future Of Intelligent Automation
The future of IA will direct businesses to a more adaptive model that is beneficial for business leaders to uncover higher value and employees to do more satisfactory and creative roles. Preparing for an intelligent future means adapting our technology, skills and education to fit the future of the workforce.
What are we waiting for?
Disclaimer – This article was 1st published on Forbes.comEnable GingerCannot connect to Ginger Check your internet connection
or reload the browserDisable in this text fieldRephraseRephrase current sentenceEdit in Ginger
Article | April 22, 2020
Ease in doing business.” That is what every C-level execs strive to achieve in their business process and it is no secret that they’ve increasingly turned to Robotic Process Automation (RPA) to streamline enterprise operations.
The first digital computers were invented mostly to calculate tasks but as the technology progressed, we learnt to program hand-code automation through bespoke applications. What brought the RPA into existence was the slow and laborious hand-code automation.
But, as we no longer need to keep our fingers glued to systems to enter data fields and value, there exists some brittleness to the robotic process automation.
Table of Contents:
- What is Robotic Process Automation?
- What ails Robotic Process Automation?
- What is Low-Code Development?
- Why to program in a Low-Code Development environment?
- How does Low-code development help in mitigating RPA implementation?
- Concluding Thoughts
What is Robotic Process Automation?
Deloitte defines RPA as software that “automates repetitive, rules-based processes usually performed by people sitting in front of computers.” Picture your mouse automatically scanning your email for 70 new unread invoices, adding the data to a spreadsheet, and inputting information into your CRM, while sending two outliers to an employee for manual review – all within a fraction of the time it would take a person to do the same tasks and with far fewer errors. RPA workflows are established on logic-based inputs and tasks across applications for the bot to efficiently carry out manual, repetitive tasks with greater accuracy.
Additionally, by separating the uniquely human skills like critical thinking, empathy, and decision making from the manual, repetitive tasks, corporations can provide a more fulfilling and rewarding career for their employees.
Sounds great, right? Of course, it does.
That’s why it’s the fastest-growing market in enterprise software, with 48% of companies saying they are planning to invest in RPA and is projected to be worth nearly USD 4B by 2025. Corporations across industries are buying in to streamline a wide variety of operational tasks, connect legacy systems, and drastically remove errors introduced by humans.
Operations that can benefit from RPA technology include:
Generic office tasks – gathering quarterly cross-department data into an excel sheet, automating CRM inputs, and inventory management.
Back office processes – instead of five people checking for new orders and applying discounts, the tasks are reorganized so the employee is providing a human-level of validation to the order.
Manufacturing – order fulfillment, purchase order processing, and transportation and inventory management.
Retail – product categorization, automated checkout, and delivery tracking.
Customer service – credit checks, account number assignment, and activation tasks can be allocated to bots and employees can speak to a customer and apply empathy and discernment to the situation at hand.
What ails Robotic Process Automation?
The raised fostering of RPA highlights the advantages of the modern technology, however the trip of automation is not without some bumps in advance.
Presently, a bulk of RPA options deal with a typical weak point– a small adjustment to information layouts, service procedures, or application user interface can lead the whole software program to damage down.
By style, RPA is durable software program however that likewise shows its frailty in adjustments.
If anything changes, that can break the automation.
- Jason Bloomberg, Leading IT market expert
For instance, Bloomberg discussed, if an interface component like a switch relocates or transforms dimension, the automation may damage. Or probably the information style adjustments due to the fact that a person included a brand new area. “In other cases, the business requirement for the process logic changes, requiring a rework of the bot.”
RPA functions best with older and also tradition applications powered by regular procedures that go through little adjustment and also secure information layouts. For companies looking to take advantage of the modern technology, the brittleness of RPA might lead to tightening alternatives and also applications in companies.
Financial establishments, as an example, are typically wed to tradition systems and also applications, for which RPA is well matched to aid take care of. However, in a vibrant electronic age– which calls for service dexterity– RPA’s absence of versatility when incorporated can be restricting.
What is Low-Code Development?
Low-code software development could be compared to a car manufacturing assembly line. Both processes automate difficult and time-consuming tasks, in order to increase delivery speed and free up people to focus on high-level tasks.
In technical terms, low-code is a set of tools that developers can use to build applications inside a drag-and-drop visual interface – including complete UI, integrations, data management, and logic.
READ MORE: DISPELLING FIVE MYTHS OF LOW-CODE APP DEVELOPMENT
Why to program in a Low-Code Development environment?
In a quote to address the brittleness of RPA, the arising idea of low-code reveals appealing possibility. Its ability to faster way and also separate software program parts streamlines the design procedure.
For RPA software program that calls for an upgrade, low-code offers the all set-to- code design to convenience the restructuring of systems.
Low-code simplifies the work of developers, whether they be building applications or constructing bots. But even more importantly, low-code empowers developers and business stakeholders to work together more effectively to manage change in the behavior of the software.
- Jason Bloomberg, Leading IT market expert
In significance, low-code opens brand-new opportunities for designers to focus on establishing special software program systems that are matched for particular companies.
READ MORE: BENEFITS OF LOW CODE DEVELOPMENT WITH REUSABLE COMPONENTS
How does Low-code development help in mitigating RPA implementation?
Here’s where low-code development can save the day.
Low-code platforms enable cross-functional teams of professional developers, citizen developers, and functional staff to easily collaborate and connect multiple applications for end-to-end solutions. Because the platforms are built on open standards and are cloud-native, they can easily connect internal legacy and third-party applications in a bot-friendly interface and quickly establish bot workflows that model the real business processes. Enterprise RPA initiatives can get off the ground in a fraction of the time without bringing on additional staff and infrastructure.
What does low-code and RPA implementation success look like in real life? Just ask Avertra and 2 Sisters Food Group.
Avertra provides technology and consulting solutions for telecom and utility companies, including a modular digital customer experience framework built with the Mendix ecosystem and integrated via API with enterprise solutions like ERP systems, work management applications, and external data sources. Alongside their clients, Avertra establishes which processes to automate, builds user stories, and deploys bots which then follow workflows, transfer data between systems, select appropriate resolution paths, and follow through with documentation and compliance – all within a fraction of the time it takes an individual agent.
Meanwhile, UK poultry supplier 2 Sisters used low-code to implement RPA across 11 accounting transactional processes, moving from 100% manual work to 97% automated within six weeks. They used Mendix to build a data-structuring application that extracts, parses and cleans the data. 2 Sisters was able to reduce their customer invoice verification process from 65% of invoices needing manual data verification to only 8%. Manual data entry was nearly eliminated, save for a few outliers identified by the bots, and employees have more time to analyze the data and costs.
Low-code enables both technical and non-technical users to play an active role in implementing and maintaining RPA initiatives, taking the burden off of the IT team, operating securely within their infrastructure and parameters, and reducing the need for additional developers. Avertra empowered their client’s citizen developers to make workflow iterations in the Mendix platform based on data results and their internal business knowledge. With the assistance of Mendix partner AuraQ, 2 Sisters built 300 unique customer remittance templates in 3 months and over 3,000 have been created to date (and they’re still going).
The beauty of low-code platforms is that applications can be easily adjusted as the business evolves, RPA technology improves, and new automation opportunities are identified, enabling companies to be more agile and competitive. Avertra’s clients have used data insights to produce new and revised resolution paths addressing outlying issues not caught by the RPA framework and 2 Sisters is now analyzing their data to identify their next digital transformation target. Their investments in RPA implementation and low-code development have quickly paid off and will continue to return dividends in the months and years to come.
Low-Code Development is the simpler way to adjust and improve RPA as per the business demands. With the entry of IoT powered by high-speed 5G, low-code programing is touted to be the tool to speedy up RPA innovations. AI has become the most important trend in the low-code RPA market thus making implementation of RPA with low-code quick and agile.
READ MORE: THREE SMART WAYS TO USE LOW-CODE DEVELOPMENT PLATFORMS
Article | July 20, 2020
The Rackspace Technology Partner Program helps all types of businesses — from advisors, digital agencies, app designers and developers, to MSPs and VARs — empower their customers to embrace technology and deliver the future. In January, we announced that we would be expanding this mission globally in 2020. After several months of scaling and serving our regions with program enhancements, we’re proud to announce an important partnership acceleration.