NelsonHall NEAT Report for RPA and AI in Banking 2019

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“NIIT Technologies Limited, a leading global IT solutions organization, today announced that NelsonHall has positioned it as a ‘Leader’ in the Overall market segment for RPA and AI in Banking in its latest NelsonHall NEAT report 2019.

Gautam Samanta, Global Head-BFS, NIIT Technologies said, ‘We are delighted to be recognized as a Leader in NelsonHall’s RPA and AI in Banking NEAT evaluation report. This recognition is a strong endorsement of our strategy to transform client’s business with AI and RPA working at the intersection of deep Financial Services domain knowledge to enable our clients to derive real-world business impact. It also reflects that we are well positioned to respond to the changing need for RPA and AI engagements in the Financial Services sector.'”

Automation technologies, AI, and robotics are critical CIO targets

AI-enhanced RPA. 

“AI is only one dimension of automation, which also includes many sub-AI-level algorithms and tools. But increasingly, AI suffuses and boosts many different automation technologies — or will do so in the near future. For example, while RPA is creating a lot of operational value today, its future lies in cognitive-AI enhancement, a technology convergence that will solve many more business problems and will do so in a more sophisticated fashion.”

Is South Africa ready for large-scale process automation?

  • “2019 is the year in which automation technologies take centre stage, Forrester Research predicts.
  • In addition, Forrester predicts that intelligent automation (IA) will replace one-fifth of service desk interaction, with automation eliminating 20% of all such interactions by end-2019.
  • However, the automation economy is also expected to create new jobs such as that of bot masters, operational employees who handle exceptions and escalations, and who manage the performance of the bots.”

Facial Recognition, Robotic Process Automation Companies Among Most-Funded AI Startups

Artificial intelligence startups, especially facial recognition and robotic process automation companies, are attracting major investments, with one AI developer receiving total funding of $1.63 billion, according to a recently published research report.

Blue Prism launches connected-RPA to transform the market

eCommerce/vending machine capability enables users to buy and sell solutions and services on the Digital Exchange (DX) making it a true eCommerce site. Technology partners, developers and anyone who has a best of breed AI or cognitive solution can join the Blue Prism DX community to market and sell on it.

Blue Prism Digital Exchange (DX) 2.0: A growing online community that provides business leaders with drag and drop access to AI, machine learning, cognitive and disruptive technologies. Since launching late last year, the DX has managed more than 1,000 registered users, 300 registered companies and more than 1,000 downloads of top assets enabling access to the technologies of strategic partners IBM, Microsoft and Google. The DX has new search capabilities as well as giving users the ability to rate and comment on assets.