Is Robotic Process Automation just about cost savings?
Robotic Process Automation (“RPA” or Software robots) have seen a huge adoption across the globe. According to Gartner, RPA software revenue grew 63.1% in 2018 to $846 million and expected to reach $1.3 billion in 2019. The global robotic process automation (RPA) market size is expected to reach USD 3.97 billion by 2025, according to a new study by Grand View Research, Inc. In the RPA market, we often see captions like “Minimize Cost, Maximize Productive Output With RPA”, “Cu
Robotic Process Automation Through the Eyes of An Accountant
I graduated as an accountant more than two decades ago. In that era, our days are filled with data entry, reconciliation and loads of spreadsheet work. We are anxious over deadlines like month-end, quarter-end, budget season, regulatory reporting etc. It means very long hours and a non reconciliation of even a tiny amount makes us spend hours investigating and want to tear our hair out. People calls us the “Bean Counter” for a good reason. We dream of doing really powerful &
How can Singapore drive adoption of Artificial Intelligence to carve a competitive edge?
On 28 Feb 2019, Minister-in-charge of Smart Nation Initiative Vivian Balakrishnan has told the press that Singapore will “double down” on its efforts to build up its artificial intelligence (AI) sector and equip its workforce to use these tools to “participate meaningfully” in a future where the economy is driven by the technology. According to the Impact of AI on the world economy by the McKinsey Global Institute published in September 2018, A.I. has the potential to increme
Ensuring Success in your Robotic Process Automation (RPA) Deployment
Today, we can see early RPA adopters in the financial services moving past the proof-of-concept and pilot phase to implementing RPA enterprise wide. Large corporations from many other industries ranging from telco to logistics and healthcare are quickly embarking on their RPA journey. There is a lot of hype in this new promising technology to yield unprecedented efficiencies and cost savings since the old days of offshoring and outsourcing. There is also additional advantages
Logistics Providers adopting Robotic Process Automation
Understanding How Robotic Process Automation (RPA) can be transform the Logistics Industry
3 Tips on Implementing Robotic Process Automation
Understand how to get on the right start when planning for a Robotic Process Automation (RPA) implementation for your organization.
Key Success Factors on your Robotic Process Automation (RPA) Journey
Robotic Process Automation (RPA) is a type of Artificial Intelligence (A.I.) in the form of a “software bot”. It is commonly use for performing repetitive desktop tasks such as data extraction from system, data entry into system, basic data analysis on spreadsheets. RPA bots work 24/7 with high accuracy and cost a fraction of hiring a human worker. Hence, it is now a very attractive proposition for corporate leaders. Even traditional Business Process Outsourcing (BPO) organis
Changing mindset to adopt robots into your work environment
Robotic has been one of the latest technology hype in recent years. We are now seeing physical robots outside factories in cafés, hospitals and hotels. Their capabilities range from simple movements like tray collection, room service to cognitive robots like surgery and physiotherapy. The robotic revolution is not just confined to physical robots but also in the software world. These software robots are called “Robotic Process Automation” (RPA) and mimics a human to execute p
Can Small Businesses use Robotic Process Automation?
It’s a common thinking that Robotic Process Automation (RPA) is for large companies with complex operations. So, can small businesses use RPA? The answer is YES! RPA technology has progressed significantly and there are now more diverse players in the field offering a variety of RPA solutions. The good news is there are now vendors catering their solutions to small business at an economical pricing. When you do a cost benefit analysis, you would be able to see the savings inc
One Minute Introduction to Robotic Process Automation
Robotic Process Automation (RPA) is a technology that uses software robots, also known as "bots," to automate repetitive and rule-based tasks within business processes. These bots can mimic human interactions with various applications and systems to complete tasks, such as data entry, form filling, and report generation, among others. RPA aims to reduce human errors, increase efficiency, and free up employees to focus on higher-level tasks that require human intelligence and
