Robotic Process Automation Conference 2017
Robotic Process Automation Conference 2017: things to know
Robotic Process Automation is emerging as one of the latest disruptive applications of technology. Thanks to innovative capabilities that provide users with strategic benefits (cost savings, higher efficiency, advanced analytics, enhanced ROI, etc.), organizations in any industry are increasingly adopting robotic process automation (RPA). Analysts and experts also expect to see continued growth in the coming years. For example, according to a recent report by Grand View Research, Inc, the global RPA market will reach $8.75 billion by 2024 up from $125.2 million in 2015.
Robotic Process Automation Conference 2017: The best RPA conference includes AI
Robotic process automation uses software robotics to automate knowledge-based business processes. Given the growth in interest and investment in this field, there are several conferences that are focused on the connection between RPA and AI technologies. This was one of the areas of focus at the 2017 Global Artificial Intelligence Conference, hosted during the Global Big Data Conference (Santa Clara, January 19-21, 2017).
In fact, there was a lot of talk about AI and business process automation in the enterprise data world as Artificial Intelligence is the most effective technology for supporting RPA when organizations have large amounts of unstructured data to manage.
Robotic Process Automation and Artificial Intelligence
Given the large amount of unstructured information (every kind of text, documents, presentations, emails, webpages, etc.) in the enterprise world, RPA cannot be the only approach. To effectively automate complex processes such as strategic decision-making, accuracy in information management is not just a nice-to-have, it is “a must have.”
Artificial Intelligence supports RPA by adding cognitive features such as the capability of reading, understanding and making sense of unstructured information. This is a key differentiator compared to other technologies. While RPA alone can only automate processes, RPA with cognitive and AI capabilities can add a human level of understanding and learning to make it much more intelligent and effective.
AI powered RPA is becoming so important that the Institute for Robotic Process Automation has recently announced that it has expanded its focus to include cognitive computing, artificial intelligence, machine learning and intelligent automation. It will now be known as IRPA AI. The association will be hosting its Automation Innovation Conference “2017: Exploiting the Second Wave,” later this year, with a focus on how to harness the power of RPA, cognitive computing and AI.
To learn more about Expert System’s approach for cognitive intelligence and AI, visit “Cogito: Human Intelligence for Cognitive Computing” or see how banking and insurance companies are applying intelligent RPA at this link: https://expertsystem.com/solutions/banking-insurance/process-automation-banking-insurance/