Goto

Collaborating Authors

RPA - 10 Powerful Examples in Enterprise - Algorithm-X Lab

#artificialintelligence

More and more enterprises are turning to a promising technology called RPA (robotic process automation) to become more productive and efficient. Successful implementation also helps to cut costs and reduce error rates. RPA can automate mundane and predictable tasks and processes leaving employees to focus more on high-value work. Other companies, see RPA as the next step before fully adopting intelligent automation technology such as machine learning and artificial intelligence. RPA is one of the fastest-growing sectors in the field of enterprise technology. In 2018 RPA software soared in value to $864 million, a growth of over 63%. In the course of this article, we clearly explain exactly what RPA really is and how it works. To help our understanding we will also explore the potential benefits and disadvantages of this technology. Finally, we will highlight some of the most powerful and exciting ways in which it is already transforming enterprises in a range of industries. Robotic Process Automation, or RPA for short, is a way of automating structured, repetitive, or rules-based tasks and processes. It has a number of different applications. Its tools can capture data, retrieve information, communicate with other digital systems and process transactions. Implementation can help to prevent human error, particularly when charged with completing long, repetitive tasks. It can also reduce labor costs. A report by Deloitte revealed that one large, commercial bank implemented RPA into 85 software bots. These were used to tackle 13 processes interacting with 1.5 million requests in a year.


Want to Know How Automation Is Revolutionizing Healthcare Sector?

#artificialintelligence

In the past few years, the healthcare industry has undergone an ample amount of changes. These changes are more in the ways how the healthcare industry stores data. Moving backward in our distant past, remind us of the old paper-based method to keep health records. It doesn't exist anymore in our present. Instead, we have new data-keeping methods, i.e., online digital records where storing & sharing information is easy.


Start your business with robots

#artificialintelligence

The RPA stands for "Robotic Process Automation." It supports several manual and repetitive tasks to automate like human beings. We can say that "RPA is a process of creation and training of software bot (automated programs) to automate the business process." "The RPA is the technology which allows anyone to configure the computer software or robot for emulating and integrating the actions of humans to interact within the digital systems to implement or execute the business process." RPA is the digital workforce. It interacts with the computer system in the same as the human does. It automates repetitive and tedious tasks. Robotic Process Automation is the sequence of commands which are executed by the automated programs under some defined sets of business rules. The primary purpose of RPA is to replace repetitive and boring clerical tasks into the virtual workforce by robots or machines. We train the bots (automated programs) what to do and let them do the work. The RPA is an acronym for Robotic Process Automation. The Robotic Process automation is used in both IT and Non-IT industries. Nowadays, every organization have a repetitive, boring, tedious task so, RPA is necessary to eliminate these types of task by making the automation of tasks.


Transforming healthcare with AI: The impact on the workforce and organizations

#artificialintelligence

Healthcare is one of the major success stories of our times. Medical science has improved rapidly, raising life expectancy around the world, but as longevity increases, healthcare systems face growing demand for their services, rising costs and a workforce that is struggling to meet the needs of its patients. Demand is driven by a combination of unstoppable forces: population aging, changing patient expectations, a shift in lifestyle choices, and the never-ending cycle of innovation being but a few. By 2050, one in four people in Europe and North America will be over the age of 65--this means the health systems will have to deal with more patients with complex needs. Managing such patients is expensive and requires systems to shift from an episodic care-based philosophy to one that is much more proactive and focused on long-term care management.


Amazing Ways That RPA Can be Used in Healthcare

#artificialintelligence

The drive to reduce costs is countered by the need to continuously improve the patient experience and meet regulations that often require onerous paperwork and reporting. In healthcare organizations, many repetitive processes and decisions rely on the availability of accurate data. For example, patient onboarding and follow-ups, medical billing and claims processing, generating reports for physicians and prescription management are some of the repetitive tasks that are common across all healthcare organizations. These are among the factors that create the perfect environment for robotic process automation (RPA) to increase efficiency, reduce costs and improve the patient experience. Robotic process automation (RPA) is an automation technology that uses software to mimic the back-office tasks of human workers, such as extracting data, filling in forms and moving files.