Rapidly evolving technology has led financial services companies to interact differently with consumers. The integration of robotic process automation (RPA), cognitive automation (CA), and artificial intelligence (AI) in services automation by 2020 advanced an exciting point in its evolution across sectors. The potential is massive, as the hype so readily illustrates. The steady advancement in these technologies (AI, CA, RPA) over the last few years have filtered through large variations in organizational vision, readiness, and ability to implement and use them for competitive advantage and survival. The investment banking sector too has jumped on the wagon, with banks now focusing on niche areas to provide innovative, customer-centric solutions.
New technology, however, takes a lot of time to be adopted on a broader scale. Why? The common misconception is technical difficulties. Most delays arise from management and organization problems. Organizations differ tremendously in their ability to develop and adopt automation technologies. In fact, a lot of businesses are unaware of the existing wide range of applications of the technologies at hand.
With the financial services industry, especially the banking sector fast-forwarding their investment in automation, choosing and implementing the right technology for your operations can be a daunting task. Where do you start? Which is the best, most suited option for your company? In this infographic, we elaborate on Netscribes’ automated workflow tool that can help you simplify your business operations. Download now to: