Today, the world has moved from ‘Built to last’ to ‘Design for change’.
When time changes, you have to change with the changing times. Today, the world is moving from 'Built To Last' to 'Design For Change'. Also,the VUCA (V – Volatile, U – Uncertain, C – Complex, A – Ambiguous) time is here to stay, which also prompts us to think of a unified architecture that addresses dynamic changing business requirements in an agile manner across an enterprise ecosystem.
By moving to intelligent automation, businesses can accelerate their pace of work and revenues simultaneously. According to a study by IBM Institute for Business Value, implementation of some process automation can save cost by up to 75%, with 25-50% being the general reported outcome. Basic process automation can “eliminate errors, reduce biases and perform transactional work in a fraction of the time it takes humans.” As automation and artificial intelligence (AI) move hand in hand, it becomes imperative to mention AI in this context.
Processes driven by AI have got the power to scan mammoth amount of documents at fingertips. AI today is disrupting each and every field. With the help of AI, data can be analyzed 25 times faster than the human brain.
However, digital business automation throws up a plethora of challenges. Businesses today are struggling to integrate legacy architecutre with the modern one. They need automation tools that not only adapt to change but are secure too.