Is your Organisation ready for the Robot Revolution?

Business Processes Already Benefiting from Artificial Intelligence

Countries Investing in the Viability of Robots Increases

Benefits from Artificial Intelligence is being Realised

Are you ready for the AI Storm in your Business?

Business intelligence is set to revolutionise business. Will you be ready?

 

A few years ago you probably would have laughed if someone said to you that software robots would be streamlining and handling your data.  If that same person then added that the robots would learn the business, influence decisions, and make businesses more agile, you would be within your rights to have them consigned to a mental hospital.

Come forward to the present day and that guy is being proved right.  Senior C-level executives, business decision makers, and technology experts believe that the age of artificial intelligence tools, which use big data, analytics, and are capable of learning how a business operates, will play a significant part in how organisations  extract value from business data.

If they are right, then businesses and organisations should be able to move a lot faster to meet the needs of their customers and clients.  They will be far more agile, and in theory should generate a lot more revenue.  And let’s not forget that machines tend to make fewer errors than their human counterparts.

A recent survey by Business Process Service Company Cognzant reveals that many believe this age is already with us.  Five hundred and forty seven respondents to a Cognzant survey believe they are automating around 25-40% of their business workflow.  Around half of the respondents believed that automation would enhance and improve their business.

Intelligent Process Automation (IPA)

This new form of workflow is more than just a belief in the business world.  The UK government has invested £327 million into the use of robotics and autonomous systems.  The chances are other countries will also invest in as the benefits become more pronounced.

Gajen Kandiah, executive Vice President of Cognizant said:  'The future of process work includes connecting skilled people to increasingly powerful technologies such as autonomic computing - including artificial intelligence, machine learning and deep learning - that can increase savings, enhance insights, and accelerate business. This shift is playing out in just about every industry.

 'Our new study findings show that this trend will only accelerate over coming years as business leaders seek agility, better customer understanding, and cost savings.'

With the possibilities of IPA, the future is exciting.  The question is however; will your organisation be ready to implement it?