Financial institutions are very cautious when it comes to integrating robotic process automation in operations. That does not mean that they have rejected the technology entirely, RPA has been used in tightly articulated pilot programs with clear objectives. Quite often, the first obstacle in implementing RPA begins with the qualification of the correct processes to automate.
Let’s look at five key segments of finance that can be enhanced and easily automated using RPA platforms.
1. Accounts Payable
There has been a sustainable amount of apprehension when it comes to the inconsistencies and lack of structure when dealing with invoices. RPA…
For several years now, software experts have claimed that the Internet of Things (IoT) would transform the IT industry. These claims have turned out to be true and today, there are more than 8 billion IoT devices active worldwide. Although consumer products like Fitbit, Apple Watch and smart thermostats have gained the most commercial popularity, organizations of all types are increasingly deploying IoT solutions. From connected medical devices to cameras and sensors of different colors, businesses are leveraging IoT to make more informed decisions, gain an edge over their competitors, decrease costs and increase efficiency.
As the use of IoT…
Most businesses that are reluctant to adopt artificial intelligence do not realize that it can increase business productivity by as much as 40%!. AI can be key for upgrading a business’ social media campaigns and taking them to the next level. Let’s explore further how businesses can improve their impact of digital marketing efforts using artificial intelligence.
What is Artificial Intelligence?
In simple terms, Artificial Intelligence refers to the development of computer systems that are capable of executing tasks without the help of human personnel. Leveraging AI in marketing plans is essential for remaining competitive in today’s continually changing online…
Process automation can be considered to be one of the most valuable applications of data science and machine learning to businesses. Each business, whether large or small, has certain processes that are crucial to keeping their business running. Many of these processes were intentionally designed and implemented right from conception to execution, whereas others might have been developed as and when the requirement for them arose, usually by merging together groups of related tasks.
A few of the usual examples of such processes include:
In simple terms, there are two core goals of DevOps practices:
1 — To decrease the development lifecycle,
2 — To ensure continuous delivery without compromising on product quality.
When it comes to business, DevOps offers several key benefits. More significantly, DevOps models enable companies to integrate a clear and efficient segmentation of roles adhering to the concepts of CI (Continuous Integration) and CD (Continuous Delivery). …
The cognitive computing market has experienced tremendous popularity and growth in the past few years, with experts estimating that the technology would reach 1 billion consumers and generate a revenue of $13.7 billion by 2022.
What is cognitive computing?
Cognitive computing can be defined as a set of augmented intelligence abilities such as machine learning, reasoning and decision technology, language, speech and vision, human-interface tech, distributed and high-performance computing and the latest computing infrastructures and devices. When blended, the capabilities of these systems are intended to solve practical problems and harbor new discoveries.
To better understand the marketplace along with…
What is DevSecOps?
DevSecOps is a methodology of implementing security practices within the DevOps processes. DevSecOps involves creating a ‘security as code’ culture with an emphasis on seamless and flexible collaboration between release engineers and security teams. The DevSecOps approach, similar to DevOps, is aimed at formulating new solutions that cater to the complex software development processes within an agile framework.
DevSecOps is a necessary and natural solution to the bottleneck effect caused by older security models which impacts the modern continuous delivery pipeline. The aim is to close the traditional gap between IT and security while making certain that…
Artificial Intelligence has been adopted across almost all industries and its impact in transforming technology is much greater than we can imagine. AI technology enables machines to become smarter, allowing them to execute simple and complex tasks similar to humans and even think like humans. Currently, AI technology limits have not been reached as the technology is finding new applications each day and for a wide variety of purposes.
What is DevOps?
DevOps can be defined as a group of methods that incorporate software development and information technology processes. It enables the development, testing and release of the software. The…
Nowadays, digital transformation is garnering a lot of attention due to how much it is changing customer behavior. It has allowed IT departments to deliver new features and services quicker even through the more demanding requirements of security and availability (24/7).
The DevOps approach promises to tackle these tasks, by sustaining a high level of collaboration across the entire IT value chain (from business, overdevelopment, operations and IT infrastructure). But it is not without its share of issues.
Although many software developments and operations teams have shifted towards adopting DevOps methods, most enterprise IT infrastructure companies still work just as…
DevOps has experienced a lot of popularity and attention in the IT industry and for all the correct reasons. Due to the continually changing and fast-paced work environment, quicker delivery and shorter turnaround time in the software development space have become crucial factors that impact an organization’s growth. As a result, facilitating the production of high-quality products with few to no post-production errors has given rise to DevOps.
To understand its impact further, let’s understand what DevOps is exactly and the benefits it provides to businesses.
What is DevOps?
The term DevOps is a combination of software development (Dev) and…