Robotic process automation (RPA) is an exciting opportunity, but as with any emerging technology, it’s easy to think it’s “probably too expensive” for companies on a tight budget. Rolling-out software bots across an enterprise, across all processes and to fulfill many tasks can be quite an investment, yes, but there are also more realistic ways of getting started.
It’s no secret that insurance companies globally are beginning to take digital technology, or more specifically insurtech more seriously. As a way of launching the industry into the digital future. Despite being ever so slightly behind the curve, insurance firms large and small are toying with technology like software bots, artificial intelligence and IoT. Helping to increase customer loyalty, push their expenses down, and create more competitive products.
Business process automation has been on the cards for some time now. You know you need it. You know how it will impact your company, but you’re not quite sure how to go about it. Here at Velocity, we are BPA pros and have seen it all. Let us take you through the three main steps we recommend you take to catching the process automation train.
So, you’ve started your own business and, so far, things have gone swimmingly well. Demand is increasing, and you’ve even got a small team. But resources are limited, and optimising time and making your investments work harder for you are crucial to taking the business to the next level. While it’s still tempting to be a jack of all trades and do many of the tasks yourself, there are certain processes that, if automated, will help you make those much-needed time-savings. Here are three simple ways of getting started with BPA.
How to grow a company without having to increase spending? That’s the question on many a small business owner’s mind. Traditionally, to scale a business, a decision will be made to hire more staff because more staff equals higher capacity to manage demand, and to manage the day-to-day running of the business. But with process automation, this is no longer necessarily the case. Automating business processes gives small business owners the ability to put digital processes in place. This allows the company to take on increasing demand and generate higher revenue, without increasing costs proportionally. Let’s take a look at some of the ways BPA helps to scale a business more effectively.
Over the past year we’ve seen IoT reach its tentacles into different areas of our lives. From controlling our gas and electricity, to driving our vehicles. Despite the enormous consumer market success it has had so far, and will have going forward. The real opportunities for IoT lie in its business applications. These investments over the next two years is set to grow more than $600 billion, according to recent PwC research.
The modern business workforce is increasingly technologically aware and capable. Thanks to the high accessibility of smart and connected devices, many employees couldn’t imagine life without digital technology, both in the office and beyond. In most industries, people are growing more comfortable using technology as a business tool and a digital transformation is an exciting step forward.
Since their introduction almost 40 years ago, spreadsheets have played a vital role in allowing businesses to keep track of sales data and customer contact details.
But despite spreadsheet packages like Excel and OpenOffice being still widely used, the advent of online systems and the digitization of business processes have offered new opportunities for sales teams to work smarter and more efficiently.
What is Digital Transformation and how can I apply it to my marketing activities? The truth is, Digital Transformation isn’t a “thing” you can plug in to your current marketing plan, nor a tool you can download. Rather, it’s a way of thinking, a way of communicating and a way of delivering value to customers.