Why the hesitation to Robotic Process Automation? How to overcome it?
Workplace automation is nothing new to us. We have seen physical machine automation in factories that transforms the post war business landscape globally. Now , we see technology like Robotic Process Automation (“RPA”) transforms the office workplace by automating traditionally manual business operational tasks. We have achieved great success in physical machine automation where we could manufacture the volume of products that no manual work can possibly achieve with the leve
Is Robotic Process Automation just about cost savings?
Robotic Process Automation (“RPA” or Software robots) have seen a huge adoption across the globe. According to Gartner, RPA software revenue grew 63.1% in 2018 to $846 million and expected to reach $1.3 billion in 2019. The global robotic process automation (RPA) market size is expected to reach USD 3.97 billion by 2025, according to a new study by Grand View Research, Inc. In the RPA market, we often see captions like “Minimize Cost, Maximize Productive Output With RPA”, “Cu
Adopting Artificial Intelligence (A.I.) - Is there a choice?
According to the report released by ResearchAndMarkets in July 2019 (Artificial Intelligence Market Report: Trends, Forecast and Competitive Analysis), the global Artificial Intelligence (A.I.) market is expected to reach $71 billion by 2024 with a CAGR of 26% from 2019 to 2024. The major drivers for this market are increasing demand for virtual assistance for easy accessibility of services and growing adoption of cloud-based technology. Closer to our day-to-day life, we begi
Robotic Process Automation Through the Eyes of An Accountant
I graduated as an accountant more than two decades ago. In that era, our days are filled with data entry, reconciliation and loads of spreadsheet work. We are anxious over deadlines like month-end, quarter-end, budget season, regulatory reporting etc. It means very long hours and a non reconciliation of even a tiny amount makes us spend hours investigating and want to tear our hair out. People calls us the “Bean Counter” for a good reason. We dream of doing really powerful &
How can Singapore drive adoption of Artificial Intelligence to carve a competitive edge?
On 28 Feb 2019, Minister-in-charge of Smart Nation Initiative Vivian Balakrishnan has told the press that Singapore will “double down” on its efforts to build up its artificial intelligence (AI) sector and equip its workforce to use these tools to “participate meaningfully” in a future where the economy is driven by the technology. According to the Impact of AI on the world economy by the McKinsey Global Institute published in September 2018, A.I. has the potential to increme
Ensuring Success in your Robotic Process Automation (RPA) Deployment
Today, we can see early RPA adopters in the financial services moving past the proof-of-concept and pilot phase to implementing RPA enterprise wide. Large corporations from many other industries ranging from telco to logistics and healthcare are quickly embarking on their RPA journey. There is a lot of hype in this new promising technology to yield unprecedented efficiencies and cost savings since the old days of offshoring and outsourcing. There is also additional advantages
Logistics Providers adopting Robotic Process Automation
Understanding How Robotic Process Automation (RPA) can be transform the Logistics Industry
3 Tips on Implementing Robotic Process Automation
Understand how to get on the right start when planning for a Robotic Process Automation (RPA) implementation for your organization.
Enterprise Development Grant
Finance Minister Heng Swee Keat has announced at Budget 2018 that Spring Singapore's Capability Development Grant (CDG) and International Enterprise Singapore's Global Company Partnership (GCP) grant will be combined into the Enterprise Development Grant (EDG). Both the CDG and GCP would expire on 31 March 2018. The new EDG would start in Q4 2018 for funding in FY2018 and FY2019. As EDG would be combing CDG and GCP, we can reasonably foresee the many key successful objectives
Key Success Factors on your Robotic Process Automation (RPA) Journey
Robotic Process Automation (RPA) is a type of Artificial Intelligence (A.I.) in the form of a “software bot”. It is commonly use for performing repetitive desktop tasks such as data extraction from system, data entry into system, basic data analysis on spreadsheets. RPA bots work 24/7 with high accuracy and cost a fraction of hiring a human worker. Hence, it is now a very attractive proposition for corporate leaders. Even traditional Business Process Outsourcing (BPO) organis
