Intelligent Automation News #23
Marty Pavlik
EVP | AI Automation Strategist | Transforming Fortune 500 Enterprises with AI | $100M+ Digital Transformation Leader
Back to the basics to get to the future.
Look around your office; how much paper do you see? If you’re like most organizations, there’s still more than enough to choke the efficiency of your business processes. If you are unsure of the value of digitization and intelligent automation, you won’t be by the end of this issue.
Celonis has also written a good overview of a process-first strategy and Dutch farmers are mad at Microsoft.
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Have a great weekend,
Marty
Enterprise Automation: What You Need to Know About a Process-First Strategy
Doculabs has been in the business of automation from the beginning – back when it was just called workflow and BPM. “Enterprise automation” is new lyrics set to the same tune (and, I must say, with continually improving new technology from Celonis and all of the other vendors in the intelligent automation and process mining spaces). This post from Celonis is a great overview if you’re ready to start focusing on your business processes. Read about a process-first strategy.
AI Revolutionizing Document Management: Unlocking the 7 Possibilities
While it’s important and necessary to pay attention to new technologies, it’s equally important to remember that older technology is still useful and needed. Take document management. Every intelligent automation implementation needs basic document management as part of a system that routes documents to where they need to be. This article explores 7 ways that a combination of AI and DM can improve operational efficiency. From the article:
“Accurate and Quicker Extraction of Information?– An AI-powered DMS can accurately and more quickly extract information currently hidden in individual documents or files without reviewing each one individually or manually. This includes extracting contact details, financial numbers, product codes, etc., essential for various business operations like customer service or marketing campaigns.” Read about the other 6 here.
6 Reasons Why Document Automation Makes Your Business More Efficient
Most business processes rely on documents. Many of those documents – and their accompanying workflows – remain manual and paper-based. There’s no automation without removing paper from the process. This article provides a solid overview of the problems paper documents cause and then details 6 reasons you should convert paper to digital documents. Become more efficient.
Four Strategies for Starting a Digital Banking Revolution
Ron Cameron discusses the need – and difficulty – for banks to evolve into digital institutions. He notes this movement is “much more involved than designing a slick website and installing a few e-commerce plug-ins. A successful modernization project has a lot of moving parts and challenges that must be overcome.” Technology will be part of this, of course, equally or more important is developing the right team. Become a more efficient bank.
Opportunity Abounds for AP Automation
Accounts payable (and the procurement process in general) is ripe for automation. We’ve written about it here and Celonis is also focused on improving the execution of procure-to-pay processes. This article from Christina Robbins starts off with a surprising stat:
“I was recently shocked to read that CPA Practice Advisor reports only?10% of accounts payable?(AP) operations are fully automated. I’m not sure how this is possible when we’ve been offering digitization and automation to AP teams for years. But, I do know that this represents a huge business opportunity. In fact, the AP automation market size was estimated at $2.9 billion in 2021 and will grow to?$7.13 billion by 2030.” Read about the opportunities here.
Survey Findings: Companies Recognize Power of Intelligent Automation
Having trouble moving your organization’s intelligent automation efforts forward? You aren’t alone. Research conducted for Conduit Incorporated shows opportunities for intelligent automation are many; as are the difficulties:
We see this in our client engagements (and have since the beginning). More research here.
These Angry Dutch Farmers Really Hate Microsoft
The title of this article caught my eye and the topic is something many of us don’t often think about – the need for huge, energy-hungry data centers to power intelligent automation, and everything else in IT. It could be a new NIMBY issue as the need for computing power continues to grow. Here’s the article’s opening:
“AS SOON AS?Lars Ruiter steps out of his car, he is confronted by a Microsoft security guard, who is already seething with anger. Ruiter, a local councilor, has parked in the rain outside a half-finished Microsoft data center that rises out of the flat North Holland farmland.?He wants to see the construction site.?The guard, who recognizes Ruiter from a previous visit when he brought a TV crew here, says that’s not allowed. Within minutes, the argument has escalated, and the guard has his hand around Ruiter’s throat.”?Read more on Wired.
领英推荐
EVENTS
[Webinar] Digital Transformation Made Easy With Thin Scanning Solutions
April 19
Noon Central
When was the last time you updated your LinkedIn or Facebook software? Never! So why should document scanning be any different? Join this informative, and educational, webinar on the common-sense trend of “Thin Scanning” which simply means no software installation required.
[Webinar] Process Mining: Yesterday, Today, and Tomorrow
April 26
9am Central
Every single department in every company needs to cut costs and optimize for efficiency in today’s environment.
A tough task – but it’s possible, with process mining.
Following on from the recently-published inaugural Gartner? Magic Quadrant? for Process Mining Tools, join the Godfather of Process Mining Prof. Wil van der Aalst on Wednesday, April 26 as he shares insight into the past wins, present need, and future strengths of process mining.
Join Celonis for this informative webinar. Register today.
Come See Us at Two Great Events in May: MER and Document Strategy Forum, Both May 22 - 24
Doculabs has been involved with both of these great events for years. They’re both worth the price of admission, especially when there’s a discount involved (see below).
Join us at the 2023 MER Conference here in Chicago, May 22 – 24th. We’ll be leading discussions with panels of industry leaders in two different, educational, thought-provoking sessions:
The full MER conference is packed with deep dives into both strategy and practical advice for records management and governance issues.
About that discount: Use the?promo code "FRIEND" and save $250.?Use your MER Conference discount code now!
The?Document Strategy Forum?has been running for over 15 years, supporting document communications and user experience for large financial services and insurance firms.?This year’s event will be in Charlotte, NC.
We will be leading 2 learning pods focused on?INTELLIGENT CONTENT?(Connecting documents, processes and data with context for the 360-degree content picture) and?AI & HYPERAUTOMATION?(Delivering AI-powered decision making, data-driven insights, and next-generation automation in the real world).
Our co-founder and all-around intelligent automation (and more) expert, Richard Medina, will be speaking as well as running a workshop. The workshop is titled, Leveraging the Power of AI: How to Win at Intelligent Document Processing. You can join him at the event by using his VIP registration link:?https://bit.ly/DSF23SPEAKERVIP?#DSF23Charlotte.
Intelligent Automation Week
June 19 -21
Chicago, IL
The intelligent automation space has evolved significantly over the years. It’s been quickly adopted and implemented into such areas as HR, procurement, GBS, shared services, call centers, marketing, sales, and much more. Intelligent automation has offered various lines of business enhanced process efficiency, accuracy, and speed – as well as impactful business insight and revenue generating opportunities.?Attend and learn how your organization can deliver enhanced business value across the enterprise.
JUST FOR FUN
Photo Credits
Voltage image: Photo by Thomas Kelley on Unsplash
Marty, thank you for the terrific shout-out. We look forward to seeing you at MER 2023 in May!