How can Robotic Process Automation disrupt manufacturing industry?

Better adaptability has been the key to survival in every field; in life and business.

History has full of stories of civilizations of those who have become extinct because they could not cope with the challenges of time.

And those who survived evolved and transformed.

The same is the need of the day.

Technology is reshaping business in various ways, and the overall concern is that companies without the latest technical adoption will soon be left behind.

 This fear is not baseless.

"Digital is approaching a tipping point. Over the next five years, companies will begin to see digital affect the majority of their revenues."

With the adoption of Global Free-Tradepolicy, the pressure to digitally transform the business is greater than ever before, but the transition from traditional model don’t always deliver the benefits to the business as promised.

Read the full article at Orangescrum Blog

In the previous blog, I have discussed the basic principles of Robotic Process Automation (RPA) and explored why the technology provides a tremendous opportunity for insurers.

In this post, I’ll discuss how to get started implementing an RPA solution in your company.The first thing to understand is that unlike traditional technology investments, the best way to get started in RPA is by jumping in with both feet.

At Charter Global, we recommend starting with an affordable pilot program that can deliver real-world results in about four weeks.The pilot begins by choosing a process to automate and identifying the underlying systems and platforms used to complete the task.

The business owners then work with us to capture the entire process from start to finish, with each input, review, decision, and output identified and documented.While this is taking place, we look at the hardware and software tools available and select the one that is the best fit for your organization.

Because configuration does not require that the underlying systems and applications be modified, the configuration is relatively straightforward and efficient.

The process documentation already captured above is entered into the software to replicate the previous manual workflow’s touchpoints and decisions.Once the software is configured, new processes can be easily added and modified by business users, without the assistance of IT resources.After the usual testing and output checks, the outcome of the four-week pilot is a working process automation system that can be explored and modified as you go, responding to identified goals and opportunities and providing real-world metrics and outcomes.As this series of blog posts has outlined, RPA offers insurers a tremendous opportunity to reduce costs and improve service levels without a huge investment of either time or money.

What is special about our PLM SMARTBOT?• Accuracy – thanks to our AI-based training algorithms specifically developed for PLM applications.• When unable to answer, auto-transfer to human support and learn from the conversation.• You can train SMARTBOT easily based on your documents like support logs, emails, wiki pages.• Using data analytics and user intelligence to improve the context in answers.• Push User-specific guidance and training based on behavior and usage.And many more features…So, register for our webinar to get a glimpse of our SMARTBOT (AI-powered chatbot) and have an exclusive look at its advanced features that will benefit PLM user engagement, and boost your PLM program.

Simpliv, the learning platform, is organizing the AI Summit India on 18th November at Taj Vivanta, Bangalore.

This two-day summit will be an ideal opportunity to explore critical areas of AI such as digital transformation, AI and deep learning, AI and cybercrime, AI as a tool for enforcing accountability, the various industries that could get impacted by AI, enterprise and process automation using AI, AI and costumer experience, AI’s role in messaging in the advertising, marketing and healthcare and other sectors, AI for the Cognitive Enterprise, and much more.This AI Summit will evaluate the nature and scale of changes that AI could bring about in various sectors such as retail, enterprise, consumer and commerce.

It will scrutinize the opportunities and transformation that AI could bring about in the development and digital platforms.Simpliv will offer the opportunity for a vivid and thoughtful exchange of viewpoints among panel members, who will be a bright mix of:Those who are pioneering path breaking innovations in the field of AILeading brands that are at the forefront of AIWell-established leadersTech evangelistsUnicorns, andKeenly watched startups.Visitors at the AI Summit will include AI managers, angel investors, decision makers, innovators, startups, designers, developers, Data Analysts, Managers and Scientists, and brand managers.