Technology Magazine October 2020 | Page 57

which identifies automation potential in tasks across the business operation thanks to machine learningaugmented RPA . Cognizant offers so-called ‘ Robotics-as-a-Service ’ systems which can free human workers up to pursue less menial tasks . By 2025 , McKinsey predicts automation technologies , of which IPA forms a part , could have a gargantuan financial impact of around $ 6.7trn .
Cloud is another avenue for cutting costs while simultaneously adding capability . It is a well-worn adage that cloud computing enables companies to trade capital expenditure ( capex ) for operational expenditure ( opex ). Instead of owning the hardware and operating the hardware themselves , ever more companies are relying on paying for the use of remote servers which either run proprietary software , in the private cloud model , or give access to third-party software in the case of public cloud . Often a hybrid cloud approach is taken , which can mean the jump from legacy systems is less traumatic .
According to a study from consultants Accenture , the benefits of
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