By JOLT Experts on Jun 27, 2019 11:26:10 AM
Artificial Intelligence, the latest and greatest technology with rapid growth and potential to change the world as we know it. You probably hear the words artificial intelligence (AI) or machine learning (ML) at least once a week as its technologies continues to blossom. AI is expected to grow to $190.61 billion by 2025, and it’s expected to disrupt many markets and industries across the globe. However, the reason AI tools have not been fully adopted in the majority of companies is because it can’t function and deliver the benefits companies expect if there isn't large sets of data to power its cognitive capabilities. Think of data as fuel to the AI engine, without it, machines won’t be able to gather the information, interpret it, and learn from it using the human-like cognitive features it provides to digitally transform business operations and outcomes. Which is why many organizations see Robotic Process Automation (RPA) as the perfect steppingstone to AI.
How RPA can help you harvest the power of AI
RPA is the use of software robots, bots as many people call them, to automate digital tasks from data extraction to processing transactions. RPA is also a rapidly growing and intriguing new technology that companies are starting to implement into their systems and processes. Although RPA is also a new technology, it is easy to apply to various workplace processes from all industries. With RPA, processes can be automated to increase efficiency and accuracy in a system.
By using RPA software and technology in your business systems to automate various processes, it allows you to create a foundation for future technology that you want to implement into your systems. RPA and AI work perfectly together to transform your digital workforce. RPA allows for software to be integrated throughout various work-space systems and allows for inter-connectivity of those systems creating a network between your systems and processes allowing for data to easily move between them. This then allows for AI technology to be easily integrated so that your digital workforce can be both efficient and reliable.
Organizations can begin their intelligent transformation journey by establishing a data gathering process of both structured and unstructured data that can be leveraged by data scientists to create algorithms, train the systems, review the output, and refine them to progressively scale up its applicability.
In order to prioritize data collection, process automation tools like RPA can help ensure data accuracy, evaluate which area of your business have the largest data sets (CRMs, ERPs, etc), and analyze the potential of specific AI solutions that can bring into your main business functions. Consider introducing cognitive solutions that can complement and enhance the existing technology stack to produce superior business outcomes, think of computer visual enhancement tools like Optical Character Recognition (OCR) to optimize invoice or claims processing of unstructured data such as scanned or image-based files.
Many enterprise RPA software platforms have already integrated their solution with AI technologies. Offering the use of OCR and various other forms of basic AI such as computer vision packages. With rudimentary AI already being implemented into RPA platforms, businesses that decide to use RPA will be a step ahead of the competition when time comes to implement advanced AI technology. By combining the power of RPA and AI, hand in hand you are able to create automation that is both intelligent and efficient, allowing for an unstoppable digital workforce.
In conclusion, RPA and AI work best together in helping you create an intelligent digital workforce that can run efficiently without much human intervention.
At JOLT Advantage Group, we are passionate about enabling our customers for true digital transformation via the implementation of emerging technologies that has the potential to deliver superior outcomes. We don't just care about short term results, we care about perfecting the journey towards intelligent automation. Our experts can help you map out your RPA roadmap, design your processes and implement your bots, as well as work with you to create global identifiers and future stakes, to enable the storage of quality business data that will prepare your organization for AI initiatives. So once you’re educated, enabled, and ready to hit the ground running, we will step in to add-on the cognitive components needed to make your process automations, intelligent.
Contact us to learn how we can help you initiate or ramp up your emerging technologies adoption, how you and your organization can benefit from RPA, and how to get started with a PoC (Proof of concept) and Pilot program. You can sign up for our 'Take home a Robot' free RPA workshop, where we will be hosting hands-on Bot building sessions in large cities across the US.