The financial services industry has been using automation technologies for some time now, to remain efficient, profitable and relevant in a fast-evolving industry. Recently, however, there’s been a shift in focus from automating manual workloads to making entire processes smarter.
Microsoft Excel is widely relied upon as a data management tool. Many teams and departments use spreadsheets on a daily basis to collect, organise, manipulate and model data for use across a broad range of business processes.
In environments where many other applications and line-of-business systems are used to get work done, however, it can prove challenging to migrate data between Excel and these other software tools efficiently.
Digital transformation is a concept that’s constantly shifting shape. As new technologies are trialled, lessons are learned and businesses adapt their thinking, priorities are evolving.
After research revealed that more than 50% of digital transformation efforts stalled during 2018, Forrester predicted that 2019 will be “a year in which transformation will go pragmatic”.
Software Robotic Process Automation (or RPA for short) is used to automate every-day, rules-based tasks. RPA solutions, often referred to as ‘bots’, can be configured to manage mundane business activities independently and in many cases, with little or no human intervention.
Disruptive market entrants, growing customer demands and advancing digital technologies all played their role in shaping the way that organisations optimised their operations during 2018.
Recent years have seen automation technologies like Robotic Process Automation (RPA) being implemented across every industry. While this technology has many business benefits – such as boosting efficiency and productivity and saving costs – there are growing concerns that workplace automation will make human labour redundant; leaving employees without work, and businesses without consumers.
With RPA being such a powerful tool that solves many business problems, it is understandable that people have many questions and with the abundance of information out there we realised it could feel like a bit of a mine field. We therefore wanted to offer delegates a platform on which to talk freely and directly about RPA in an open, face-to-face setting, see how the software works first-hand, discuss the business drivers and, most importantly, ask those probing questions that search engines can’t answer.
Last week Velocity IT, a digital technology services firm with offices in the UK, India and South Africa, hosted a morning workshop at the trendy Citizen M Hotel in London. The topic of the day was robotic process automation (RPA); what it is, how it works and how to use it to produce financial and productivity benefits within a business.