The Banking and Financial Services industry operates in a dynamic environment characterized by constant change, evolving customer expectations, and stringent regulatory requirements.
According to the 'Global Hyperautomation Trends 2021' report published by Analytics Insight, 37% of companies believe hyperautomation speeds up or duplicates complex tasks. Have you ever wondered what it signifies and how it differs from existing technologies?
Robotic Process Automation (RPA) is an application of technology governed by business logic and structured inputs to automate business processes. Thanks to increased competition, dynamic market requirements, and widespread adoption of digital transformation, enterprises are banking on robotic process automation to help them get ahead. The latest forecast from Gartner Inc predicts that worldwide Robotic Process Automation software revenue will reach nearly $2 billion in 2021, and that the RPA market will grow at double-digit rates through 2024, despite the economic pressures caused by the COVID 19 pandemic.
The future of RPA is linked to Machine Learning (ML) & Artificial Intelligence (AI)