One key goal that businesses increasingly want to achieve is minimizing the effort that goes into processing tasks that are repetitive in nature. Intelligent Process Automation has made this dream come true for businesses wherein specific procedures can help them reduce the time taken to handle the rising workload. Recent data according to a […]
Artificial Intelligence (AI) has been observed as the most transformative technology. The great amount of potential that it brings with it has always allowed businesses to position themselves as superior and influential. But before 2021, this potential was somewhat unexplored. It was the post-pandemic era that saw businesses relying on technology more than ever. The […]
In different industries, many day-to-day tasks are repetitive and may consume a significant amount of time, effort, and costs for businesses operating in their work environments. With work inefficiency creeping in because of these challenges, it becomes imperative for businesses to adopt certain practices that can reduce the workload on employees. In this manner, […]
Emails are one of the most reliable, dependable, and frequently used modes of communication for business activities today. In the customer service department, emails have been utilized extensively for meeting customer queries and their responses sent for facilitating correspondence. Steady progress is now being achieved in this domain of corporate communications, thus giving rise to […]
Debt collection practices have evolved tremendously in the last few decades with the advent of technological aids. These help collection agencies and individual creditors manage debt recovery with better efficiency. Earlier, debt collection was a through-and-through call-and-respond industry. However, this mode of operation brought in a horde of errors and miscalculations, often ending in legal […]
Insurance companies arguably receive a massive volume of customer inquiries every year, and many of these are not too simple to handle. Burdened with increasing requests ranging from insurance policy information to payments, and renewal to complicated grievances, insurance companies often witness a drop in work efficiency due to such high demand. Even though recent […]
Chris Skinner once said, “Ignoring technological change in a financial system based upon technology is like a mouse starving to death because someone moved their cheese.” And as a corollary to this ideology, most organizations in the BFSI sector are gradually warming up to the vast pool of benefits offered by recent technological advancements that […]
Today, the world steadily moves towards better technology as breakthroughs in Artificial Intelligence are rapidly being achieved. Artificial Intelligence trends have been constantly evolving and getting more advanced with every passing year, as businesses continue aiming towards smarter work processes and improved efficiency. Many businesses are now investing in AI tech to provide a better […]
The world of technology stands on a crucial precipice of change – a paradigm shift occurring through Artificial Intelligence applications in myriad fields. This begs asking a prime question that has been on the minds of several innovators in the tech industry: can a machine one day behave exactly like a human? And if this […]
What makes AI so desirable in the BFSI sector? That many organizations are now vying towards implementing process automation in their daily processes? It obviously goes beyond benefits such as improved customer experience, better security, and saving operational costs. Out of all the financial sectors, Artificial Intelligence seems to have made the most progress in […]
