New Intelligent Automation Solutions Fueling Capital Markets

#artificialintelligence

The pace of transformation in the capital markets is accelerating. How are firms keeping up and staying ahead? Leveraging automation and choosing the right providers is essential. Here is the guide for business leaders. FREMONT, CA: The pursuit of enhancing automation in capital markets goes way back in time.


UiPath fires hundreds of employees: is the RPA market facing a crisis?

#artificialintelligence

EXCLUSIVE: UiPath has fired "just under 400 employees", according to a company spokesperson. An internal source suggests that this came as a surprise, given the fact that the leading player in the RPA market has attracted $568 million in Series D funding this year. But the insider claims that the cash burn at the company "is significantly higher than any other RPA player" and is a factor in these redundancies. In response, a UiPath spokesperson exclusively told Information Age that "while the business has grown at an incredible rate, it's natural that we evaluate our teams and internal investments from time to time. In this case, we have made the decision to trim back in areas that don't align with our current business focus. This has impacted less than 400 employees globally. But even with these changes, we have 50% more employees than on January 1 2019."


3 Trading Practices Powered by Intelligent Automation

#artificialintelligence

Intelligent automation has a massive potential to streamline the complex trading process by precisely capturing the market patterns. FREMONT, CA: The capital market landscape is on the path to transformation with the emergence of new technologies. Investment firms are aiming to enhance their business and operational strategies. Technologies such as artificial intelligence (AI), with robotic process automation (RPA), is being considered the torchbearer in this regard. In fact, the above-mentioned technologies are often collectively referred to as intelligent automation.


RPA and AI across the intelligent automation spectrum

#artificialintelligence

It's true to say that RPA has taken us a long way towards unlocking productivity benefits tied up in manual processes. It has galvanized a mindset that things can change without a need for massive systems reengineering. Although wholesale change isn't always a realistic option for most organization, RPA acts as a catalyst to help businesses progress and add value, enabling them to build strategic plans around investments they've already made into their legacy systems. It doesn't preclude big change – it simply supports a faster release of benefits alongside greater change initiatives, so that everyone's a winner! The expansion into artificial intelligence (AI) is the next step of this more granular, faster form of transformation, with more and more business activities either wholly or partially automated by increasingly sophisticated means.


Automation Is Not Intelligence

#artificialintelligence

The AI Hype Train has left the station. You know you're in the middle of a hype cycle when products and companies start using a term regardless of whether or not their product incorporates any of that technology. This is where we currently are with regards to the market for AI products and services. While there is a lot of great, new innovation that's pushing the industry forward towards more intelligent systems capable of many of the challenging areas that have previously not been able to be solved due to extreme complexity or the need for human labor, there are just as many companies who are using the term AI as more of a marketing ploy or a way to raise money. Many firms are claiming to be AI-enabled when all they have done is put some thin capability provided by a third-party library or API that doesn't really transform their existing product into something that is inherently different with that new intelligent technology.