Intelligent Robotic Process Automation (IRPA) technology is the next frontier for businesses looking to streamline processes, increase productivity and ultimately improve the bottom-line.
IRPA typically uses artificial intelligence to handle repetitive, rules-based, back-office tasks. And the market is about to experience a period of "explosive" growth.
The IRPA/RPA market grew 64 percent to $200 million last year and is expected to grow 70 to 90 percent by 2020 because successful pilot projects are inspiring buyer confidence in the technology, the consulting and research firm reports.
However, there are some barriers to adoption, such as IT departments concerned about data security and loss of control. Plus, replacing staff with robots in some sectors, such as government, could become a political minefield.
Join us at IRPA Online Summit in November to hear from subject matter experts currently evaluating IRPA for their businesses in areas such as Finance, Procurement, HR, Outsourcing, Automation, etc.
While Intelligent Robotic Process Automation (IRPA) is often the first tool to garner investment as it leads to quick wins with a lower investment, IRPA is only one tool in the automation toolbox, and this event covers the gamut of intelligent automation technologies including cognitive, machine learning, AI, and more.
Through the application of Robotic Process Automation (RPA), organisations aim to increase their operational efficiency. In RPA, robots, or ‘bots’ for short, represent software agents capable of interacting with software systems by mimicking user actions, thus alleviating the workload of the human workforce. RPA has already seen significant uptake in practice; solution technologies are offered by multiple vendors. Contrasting with this early practical adoption is the hitherto relative lack of attention to RPA in the academic literature. As a consequence, RPA lacks the sound theoretical foundations that allow for objective reasoning around its application and development. This, in turn, hinders initiatives for achieving meaningful advances in the field. This paper presents a structured literature review that identifies a number of contemporary, RPA-related themes and challenges for future research.
In the digital reality, technology is no longer just the enabler and it is what it is to be human, the ability to continuously learn and evolve. The approaches and techniques that worked yesterday, may no longer be the optimum approach for the future. Historically, human processes have been based on linear, sequential activities highly suitable to be replaced by digital engineering practices such as Intelligent Process Automation (IPA), Artificial Intelligence (AI) and Deep Learning (DL). However, robots are no longer mimicking human behaviors, but far surpassing our greatest expectations, traditional hardware and software are now becoming independent self-aware intelligent entities as they continue to journey towards the Singularity. Organisations are investing in adopting cognitive services, these intelligent algorithms to understand and interpret your business needs through natural languages are help drive omni-channel delivery that are extremely responsive to customer sentiment. Blurring the boundaries with Intelligent Operations (AI) and Enterprise A.I adoption becoming ever more prevalent and resilient in the face of unpredictable failure modes, whilst still being able to process huge amounts of unstructured data, embarking onto this third wave of artificial intelligence and the art of abstract thinking.
Digital transformation Product and Program Lead for the Federated Digital workforce program. Technologies include RPA (Robotic Process Automation), ioT (Internet of Things), iBPM (Business Process Management), Chatbot & Business Insights, all combining to a Digital Hybrid Industry 4.0 offering. Working with various business teams (Enterprise Services HR & Finance, Missile Defense Systems and Office of the General Council, Manufacturing and Supply Chain) at Raytheon. So far launched 15+ Digital virtual workers (robots) and automations with around $5M value in productivity savings.
Business case for leveraging Intelligent automation platforms across risk, compliance and operations while keeping in mind technology risk and regulatory considerations. Also brief insight on the governance of AI/ML based platforms.Speaker Profile :
Siddharth is seasoned risk and compliance consultant currently focusing on helping clients in leveraging intelligent automation platform across internal audit, compliance and regulatory reporting. He has helped clients in complying with technology risk and cyber security requirements of various regulators and making their platforms more secure
All investment banks have RPA in their agenda as part of their transformation journey. I would like to share my experience and what are dos and don'ts while applying RPA to any business process within the bank. I applied it to securitization process and would walk audience through what challenges i faced and how we solved them and deploy RPA scripts in production.
The RPA Conferences features insightful talks by recognized thought-leaders addressing the actual developments and trends in RPA. Discussions and presentations by a variety of speakers at a series of past and upcoming events elucidate solution based details that will help you face RPA challenges with confidence. You will find a mix of speakers from diverse organizations sharing their real experiences and expert insights with the event participants.
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