In recent times, the focus in the insurance industry has shifted towards delivering excellent customer service by adopting a consumer-centric model. As the customer volume steadily increased with rapidly improving tech, the demand increased for using modern technologies to speed up insurance activities. One such technology that has now managed to make a significant foray […]
The modern worker now leads a busier work life than before with a need to complete operations and tasks in the least amount of time. With increasing workloads, organizations have been adopting ways to automate daily work processes in the form of business automation. Furthermore, the business world gradually saw a rise in the use […]
Few of the best advancements in technology are rooted in automation. It is the ultimate gamechanger for businesses across verticals. Business automation is nothing but using specialized devices or software to complete tasks with minimal human intervention. It has become the new synonym for process efficiency. Businesses that aim to scale faster need to draw […]
Some of the most bulk-intensive processes such as responding to customer inquiries, processing invoices & bills, and archiving require using emails and documents. With the increasing business workforce, organizations must deal with a deluge of emails and documents every day. It becomes physically impossible to handle them manually, further hampering work efficiency and task productivity. […]
Introduction – Generating ROI for your business through Artificial Intelligence Artificial Intelligence is taking nearly every industry by storm and organizations are increasingly looking forward to experimenting with the numerous opportunities offered by this technology. As per the 2021 Employee Technology Survey by Gartner, about 74% of employees who have experienced using automation technologies said […]
Business automation through Artificial Intelligence has the capability of causing massive positive transformation in the work environment. If enabled with the right kind of strategies, AI can steer work efficiency in the right direction, spawning multiple business opportunities to generate revenue and improve customer satisfaction. The notion of Artificial Intelligence as a business-friendly field of […]
While most of us still think and believe that Artificial Intelligence led business automation is a technology of the future, the reality is far beyond thought. We may say that acceptance of AI in mainstream society is a new phenomenon, but surprisingly the concept of AI is not. It came into existence back in 1956. […]
In this AI-powered age, improving customer service, better connectivity, and regulating operational costs are some of the desired advancements that industries in the BFSI sector look forward to. According to McKinsey & Company, Artificial Intelligence in Banking and Finance potentially could unlock about USD 1 trillion in value generation in the sector [1]. Being an […]
The insurance industry has always had data as the core of its operational processes. The modern insurance industry witnessed an explosion of data collection with rapid developments during the Information Age, thus requiring more sophisticated use of technologies that could speed up insurance activities with increased efficiency. This eventually set up the adoption of AI […]
The maturity of no-code artificial intelligence (AI) applications, including their vendors, Robotic Process Automation (RPA), Application Programming Interface (API), decision engine, and the cloud architecture has created an accessible cost elastic ecosystem. In other words, it’s an operational environment that’s freely available, cost-effective, no to low code off-the-shelf business automation solutions. This ecosystem has overcome […]
