AI & DATA ANALYTICS
the Chief Strategy Office at Kofax says : “ Look at banking . Banks are using RPA to automate customer onboarding , streamline loan processing and comply with regulations . Financial services that process complex transactions are investing in RPA and well beyond it . Their customers demand greater speed of personalised service , while also demanding strict compliance to regulations like GDPR .
Additionally , RPA can equal the playing field for smaller businesses . Though typically at a size disadvantage , they can leapfrog larger ones with legacy operation via automation and AI for greater reach and impact .”
Cross-industry transformation Every type of industry is affected by the need to digitally transform to remain relevant and competitive by being able to tackle the sheer volume of structured and unstructured data and gain more value from it .
Healthcare has been in particular focus and according to Gavin Mee , UK , Ireland and northern Europe MD at Uipath , the sector has more recently turned to the benefits of RPA by using it to log Covid- 19 test results , registering patients and maintaining the inventories and orders of supplies .
Then there ’ s the burgeoning banking and fintech sector . Chris Huff from
Recruitment and employment Enterprise management across the board will likely widely agree that recruitment is one of the main areas where RPA can aid in an HR function . Because it tends to be a repetitive process which also entails multiple tasks , it can be quite easily automated .
To this end , Ravi Josh at recruitment communication business , Golden Bees , says adopting innovative technologies such as programmatic recruitment , is already a strong trend among larger companies . He explains this is because they are able to automate the distribution of job offers to a multitude of digital media and in a variety of formats . And by using smart algorithms , the right candidates can be targeted at the right cost .
“ The potential of RPA in HR at a large scale is huge . Not only does RPA save recruiters time , it saves money . Further down the process RPA can be used to operate a pre-selection of candidates to automate exchanges with them .
“ And that ’ s not it . Once candidates become employees , RPA can help check
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