Robotic Process Automation (RPA) technology is the next frontier for businesses looking to streamline processes, increase productivity and ultimately improve the bottom-line.
RPA 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 RPA market grew 64 percent to $200 million last year and is expected to grow 70 to 90 percent by 2018 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 RPA Summit in September to hear from subject matter experts currently evaluating RPA for their businesses in areas such as Finance, Procurement, HR, Outsourcing, Automation, etc.
When it comes to robotic process automation the real early adopters I’ve told their stories many times, but there are still many lessons that they may have learned by now that translate into mistakes that many people still make in their first adoption. This talk covers early adoption from the point of view of getting it right in your first try or is right as you possibly can, it shares some insights into the steps that you need to take outside the actual creation of a first automation; such as picking the right process, thinking about “after the pilot” steps, finding a way through the maze of vendors and other key points to help those organisations about to take their first step into automation.Rod Willmott, Co-founder, Wzard Innovation
Using Machine Learning and Natural Language Processing to automate document extraction - converting unstructured data into machine readable data sets. Applying the solution to right document types in right industries to gain maximum benefits.Vinay Hegde Head of Client Lifecycle Management & Intelligent Automation Talan Consulting UK LIMITED
Workforce productivity in the UK has been waning. The latest report from the Office for National Statistics found that between 1994 and 2007, workforce productivity nationally increased by a third, yet since then it has levelled off, and in some areas, even declined.
Of course, humans are not processing machines: we need to take breaks and we require sustenance. There will always be some inherent time lost. There are two other key challenges when it comes to maximising productivity. Firstly, office workers are often hampered by disparate IT systems, and as a result spend time being the ‘glue’ between systems and activities. Secondly, there are latent inefficiencies in the way workforces are organised into functions. The nature of work is not so siloed and there are peaks and troughs of work to optimise for.
Historically, to address these productivity challenges, organisations have replaced or enhanced their IT infrastructure, resourced staff more cheaply to lower cost base, or even introduced a level of automation. These strategies can help; however, they are frequently implemented in a way that reflects those same organisational issues and silos. Driven by rapid technological advances, the world of work is changing forever. Organisations should be prepared for these changes in policy and skill-sets as well as through action. Given the huge potential of automation technology to fulfil low-end activities, it must be harnessed in a way that enables people and the world to be more fulfilled and better performing.
Terry Walby is Founder and Chief Executive of Thoughtonomy, an award-winning automation technology company whose software as a service (SaaS) platform combines the principles of Robotic Automation (RPA), Cognitive Artificial Intelligence (AI) and Cloud Computing to provide a highly secure and infinitely scalable Virtual Workforce. Virtual Workers are capable of emulating the structured activities undertaken by people using business systems, the decisions they make and the processes they follow, to automate a variety of operational and support activities.
Prior to Thoughtonomy, Terry spent a career in leadership of technology and IT services businesses including senior roles with IBM and GE Capital, as a Director at European outsourcer Computacenter, where he built their consulting and technology businesses, and as Managing Director of automation specialist IPsoft, successfully building a new UK business for a US Parent.
Terry has a depth of experience in developing and scaling businesses, and in delivering innovation and optimisation both into end user organisations in the public and private sectors, and to the service provider and outsourcer community who serve them. These experiences and a passionate belief in a fantastic market opportunity, led to him funding and founding Thoughtonomy to deliver an innovative and disruptive automation solution to a growing global market.
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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