Where Innovation Meets Imagination
The digitalization of business means that more and more documents are handled electronically. This of course requires their entry into the appropriate system, which usually involves scanning.
This is facilitated by OCR, or optical text recognition technology. What exactly is it? What is the use of OCR? The answers to these and other questions can be found in this article. [Read more…] about What is OCR and What is it Used For?
Distalmotion, a developer of surgical robotics, is partnering with Proximie, a health technology platform digitizing operating rooms, to extend its Dexter robotic surgery platform globally.
The collaboration provides Distalmotion customers with access to Proximie’s healthcare platform, delivering telepresence, content management, and data driven insights.
With Proximie, surgeon expertise and OR data can be easily shared from anywhere, generating new insights to help improve patient outcomes and productivity. [Read more…] about Surgical robotics company Distalmotion to digitize operating room
Sweden’s Hexagon is connecting its reality capture and manufacturing platforms to Nvidia Omniverse so enterprises can more easily develop and deploy digital twin applications.
For industrial businesses to reach the next level of digitalization, they need to create accurate, virtual representations of their physical systems.
Nvidia is working with Hexagon, the Stockholm-based global leader in digital reality solutions combining sensor, software and autonomous technologies, to equip enterprises with the tools and solutions they need to build physically accurate, perfectly synchronized, AI-enabled digital twins that can be used to transform their organizations. [Read more…] about Nvidia and Hexagon launch new technologies to accelerate industrial digitalization
In this blog post, we will delve into the dynamic transformation that digitalization has induced in small businesses and explore how it can work to your advantage.
As technology continues to rapidly evolve, smart entrepreneurs must keep up with the power digitalization of business and seek ways they can take advantage of it.
We’ll share some ground-breaking technological solutions that make running a business easier while giving you an edge over others. [Read more…] about How Does Digitalization Affect Small Businesses?
Digital transformation has become synonymous with development and success. Digitalization helps companies to serve their customers better, work more efficiently and gain a prerogative over competitors. To update the format of work, one needs the right technology. One of them is robotic process automation (RPA). Let’s consider the RPA benefits for digital business transformation.
Robotic process automation is a technology based on software robots, chatbots, AI, or ML. It automates repetitive tasks that are usually performed manually.
The program imitates human behavior and performs routine operations instead of a person or together with a human. Recently, a new trend has emerged – to train RPA and make it smarter with the help of AI and ML algorithms.
One of the main advantages of RPA is that such software works more accurately and faster than a human, performing all the necessary calculations more efficiently.
The technology works with Enterprise Resource Planning (ERP), third-party web services, and outdated software. Therefore, there is no need to redesign the corporate program to implement an RPA system.
With the implementation of RPA, a team has time for more valuable tasks: customer service, increasing sales, and adjusting the marketing strategy. RPA also provides analytics about the operation and performance of an organization.
Based on the extracted data, the management adopts a digital strategy for the development of the company, and robots speed up and simplify its implementation.
According to Gartner, digital transformation (DT) is the application of information technology to build a new business model. The management implements IT solutions to improve operations and communication with customers and increase sales.
Automation streamlines the work of companies and supports digital transformation in insurance, finance, logistics, medicine, and other industries. PWC found that businesses can automate 45 percent of tasks and save $2 trillion. UiPath calculated that RPA reduces costs by up to 80%. Organizations see investments pay off in less than a year.
RPA systems encourage businesses to rethink how they work and improve operations. For example, when the personal data of an employee changes, this information must be entered into all documents related to the specialist.
A bot will edit information in payroll systems, benefits, and other programs. The program simulates the keystrokes and mouse clicks that a human would make. The bot learns from an HR manager to update records in payroll systems.
Companies use RPA in different ways in business digitalization processes:
In any company, there are basic repetitive tasks that can be automated. Therefore, the cost of robotic process automation software is growing. In 2020, enterprises spent $1.3 billion on innovation (Gartner). According to Forrester, in 2021, this figure grew to $2.9.
However, automation is no substitute for digital business transformation. This is a small albeit significant part of modernization. Organizations are applying the benefits of RPA to separate solutions. Digitalization is embracing more important challenges of an enterprise.
Robotic process automation is of use for digital transformation.
1. Robotization accelerates DT.
Digitalization implies that the company creates robotic process automatization software that will improve the business model. It can also update the old system, which is also laborious.
In any corporation, there is at least one outdated program that is risky to touch. It holds the critical functions of the company and replacing it with a modern version will cost up to hundreds of thousands of dollars.
The RPA allows you to enhance and automate old systems without risk to the company. It would take an RPA software company 2-6 weeks to launch a robot for a single task. As long as the technology is functioning, it is possible to update the old software or create new solutions.
2. It guarantees the quality of digital business transformation.
One of the top priorities of DT is to improve employee efficiency and productivity. Machines rule out human errors. Tasks are completed quickly and efficiently. A person would need 4 hours to create a monthly report. RPA allows doing it in 25 minutes. A specialist will profit from the time saved and perform more tasks than before.
3. It provides an enhanced digital experience.
A significant component of digital transformation is high-quality customer service. People don’t like to wait for a long time for an insurance company to process a claim or a bank to approve a loan application.
They want to quickly resolve issues and forget about them. Automation provides a perfect digital experience. The same chatbot can communicate with customers 24/7 and respond to multiple buyers at the same time.
4. It collects analytics to implement the modernization strategy.
Software bots work with corporate data. The information collected by RPA can be examined to identify patterns. For example, which procedures are performed more often and when exactly. This kind of information will be useful to continually improve operations and drive your digital transformation strategy forward.
5. It opens up new opportunities for team members.
Employees who are burdened with routine tasks are more likely to change jobs. The Forrester study The Impact of RPA on Employee Experience found that employee engagement increases when specialists are freed from repetitive tasks. Employees can participate in more complex and beneficial business cases.
Robotic process automation software can automatically collect, upload, or synchronize call center customer information. The operator no longer needs to do this manually while simultaneously communicating with the caller. Instead, they will focus on an emotional connection with the client.
The first step towards robotization is to make sure that the automation goals are in line with the DT strategy. When the global goal of digitalization is to improve the quality of the customer experience, RPA must influence this indicator.
It is also worth doing the following:
1. Consider long-term planning.
Forbes estimates that up to 50 percent of RPA deployments fail initially. One of the reasons for that is the high expectations of management. Automation is not as easy to scale as it seems. Transition to machines needs to be carefully planned and well managed.
One needs to maintain a large fleet of software bots. It is worth understanding whether robots will “take root” as digitalization spreads in the company. Will they interfere with future scaling?
2. Clearly define robotization success metrics.
To evaluate how successful the implementation of the RPA system has been, it is useful to establish success metrics in advance. These indicators are:
It makes more sense to identify measurable benefits at the very beginning of the program so that investments in robotic automation can pay off.
3. Engage an RPA software company.
Updating the ERP, financial system, or website that the bot is “visiting” can disrupt an automated task. The program will collect and process incorrect information. You should cooperate with IT professionals who will not only create robotic process automation software but also be able to support it in the long term.
4. Prepare employees for future innovations.
For robotization to go smoothly, the staff must be ready for changes. They must understand that certain tasks will be delegated to the robot. Companies need to change their mindset and culture so that team members perceive RPA not as a competitor but as an assistant.
RPA is an ideal first step towards the digitalization of companies and the development of tomorrow’s business models. But thoughtless automation without planning and success metrics will fail.
For maximum benefit, it is worth identifying the tasks for automation, assessing the potential profitability of the system, and choosing a reliable RPA software company.
Experienced IT specialists will offer a comprehensive solution to problems, help to implement the software in the company’s workflow, and provide support.
About the author: My name is Alexandr Khomich, and I data with a diverse set of interests across machine learning, finance, and technology. Currently, I work as a CEO at Andersen. Being a part of the IT family for years, I aim at transforming IT processes in support of business transformation.
Author’s Linkedin: https://www.linkedin.com/in/a-khomich
Author’s email: a.khomich@andersenlab.com
This year’s Hannover Messe, one of the world’s largest trade shows for industrial technology, has been rescheduled for beginning of June. It usually takes place in April.
Deutsche Messe AG, the company which organises the event, says the decision to delay Hannover Messe is “due to the current situation surrounding Covid”.
It says that this year’s exhibition is now scheduled to take place from 30 May to 2 June, adding that the new date “provides exhibitors and visitors with planning security”. [Read more…] about Hannover Messe 2022 rescheduled for beginning of June
DHL Supply Chain has introduced its largest ever single implementation of autonomous forklifts to date, with 15 embedded in its warehouse operations at Tyrefort, United Kingdom.
The autonomous forklifts form part of DHL’s operation for a major customer in the automotive sector, taking over picking, put-away and replenishment of products and empty media in the warehouse. The vehicles reduce the number of manual pallet transfers without requiring significant changes in warehouse infrastructure.
The indoor robotics transporters work safely up to 11.5 metres high – believed to be a first in the logistics industry – easily reaching the highest warehousing racks to handle a range of pallets, stillages and waste cages. [Read more…] about DHL Supply Chain accelerates roll-out of autonomous forklifts with largest single implementation
Robots in industrial production can help human employees lighten their workload and – indirectly – even protect them. item America is exploring these and other benefits of human-robot collaboration.
Although it’s nearly impossible to imagine our modern everyday lives without technical equipment, humans and machines are still often seen as rivals; however, this ‘either/or’ mindset fails to consider the valuable third option of collaboration that has become ever more important in the face of digitalization and Industry 4.0.
We’re talking about human-robot collaboration. [Read more…] about The Benefits of Cobots in Industrial Production
Geek+ is supplying 100 autonomous mobile robots to Circle K for its distribution center in Hong Kong.
The companies say the implementation represents the commitment of Geek+ and Circle K Hong Kong to “build supply chain resilience using technology and support customers with a wide selection of products and excellent services”.
Today, the distribution center of 140,000 square feet handles the deliveries of more than 300 Circle K convenience stores in Hong Kong, serving over 600,000 customers daily. [Read more…] about Geek+ and Circle K implement ‘Asia’s largest smart warehouse for grocery deliveries’
Robot maker ANYbotics has unveiled its collaboration with BASF, one of the largest global chemical manufacturers, which involves the use of the ANYmal robot for inspections at Ludwigshafen, Germany. (See video below.)
The two companies say the collaboration “displays the efficiency, quality, and scalability of robotic inspection and data-collection capabilities in complex industrial environments”.
On production floors, robotics and manufacturing have gone hand-in-hand for decades. But on industrial plants, repetitive inspections, environment mapping, and efficiency analytics have mostly relied on manual work. These physical efforts impact economic sustainability, as well as process reliability and data quality. [Read more…] about ANYmal robot being put to work inspecting BASF facility
