Time to join the revolution: Agile change in financial servicesAccenture Insurance
Agile change has always been a priority for financial services organizations. However, in today’s rapidly evolving digital world, it is now clear that they must make it a critical capability to survive and thrive. Applying agile end-to-end business change increases the speed to benefit, and impacts every aspect of a business from customers and employees to organization and processes. Making change their core competence will help FS firms find new ways of serving customers and creating value. This report spells out what is needed to succeed with agile, and proposes five culture-related steps FS firms can take to improve their organization agility
It's important for accounting firms to transcend technology and deliver innovative services to their clients. This presentation looks at innovations in audit, tax, and bookkeeping and what firms should be doing to ensure they are able to transcend technology disruption in these areas.
Speedy Processing of business data at Edelweiss Capital with 1KEY BI - Case S...Dhiren Gala
The MAIA Intelligence's 1KEY BI provides the Edelweiss Group with a single view of enterprise-wide data and delivers a scalable and extendible financial data model, which helps in making faster decisions.
By Akhtar pasha
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Insights Success is a platform that focuses distinctively on emerging as well as leading IT companies, their confrontational style of doing business and way of delivering effective and collaborative solutions to strengthen market share.Our magazine talks about leaders and orators from the world of technology, which includes CEO’s, CIO’s, VP’s, Managers and other professionals who had set a benchmark in the revolution of IT industry.
Insights Success is a platform that focuses distinctively on emerging as well as leading IT companies, their confrontational style of doing business and way of delivering effective and collaborative solutions to strengthen market share.Our magazine talks about leaders and orators from the world of technology, which includes CEO’s, CIO’s, VP’s, Managers and other professionals who had set a benchmark in the revolution of IT industry.
Time to join the revolution: Agile change in financial servicesAccenture Insurance
Agile change has always been a priority for financial services organizations. However, in today’s rapidly evolving digital world, it is now clear that they must make it a critical capability to survive and thrive. Applying agile end-to-end business change increases the speed to benefit, and impacts every aspect of a business from customers and employees to organization and processes. Making change their core competence will help FS firms find new ways of serving customers and creating value. This report spells out what is needed to succeed with agile, and proposes five culture-related steps FS firms can take to improve their organization agility
It's important for accounting firms to transcend technology and deliver innovative services to their clients. This presentation looks at innovations in audit, tax, and bookkeeping and what firms should be doing to ensure they are able to transcend technology disruption in these areas.
Speedy Processing of business data at Edelweiss Capital with 1KEY BI - Case S...Dhiren Gala
The MAIA Intelligence's 1KEY BI provides the Edelweiss Group with a single view of enterprise-wide data and delivers a scalable and extendible financial data model, which helps in making faster decisions.
By Akhtar pasha
Insights success the 10 most high tech it services companies.compressedMerry D'souza
Insights Success is a platform that focuses distinctively on emerging as well as leading IT companies, their confrontational style of doing business and way of delivering effective and collaborative solutions to strengthen market share.Our magazine talks about leaders and orators from the world of technology, which includes CEO’s, CIO’s, VP’s, Managers and other professionals who had set a benchmark in the revolution of IT industry.
Insights Success is a platform that focuses distinctively on emerging as well as leading IT companies, their confrontational style of doing business and way of delivering effective and collaborative solutions to strengthen market share.Our magazine talks about leaders and orators from the world of technology, which includes CEO’s, CIO’s, VP’s, Managers and other professionals who had set a benchmark in the revolution of IT industry.
This whitepaper aims to assist Chief Data Officers in promoting a data-driven culture at their
organization, helping them lead the enterprise on a digital transformation journey backed by
analytical insights.
Many insurers have set out on the journey of robotic process automation. In most cases, this has meant running pilots on simple business processes before scaling up to deliver more material benefits through an industrialized automation capability. Our experience shows that a holistic and integrated approach to these implementations is essential.
Finance Crunsh Time Reporting | Deloitte Indiaaakash malhotra
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the true value of cloud computing to the business. While it is understood in the industry that cloud computing provides clear cost benefits, CIOs are having difficulty getting a true fix on the business value that cloud might offer beyond cost reduction. These survey results reveal a direct link between cloud computing and business agility—how business outcomes are associated with agility, the role of IT for agile companies and the importance of cloud computing to business leaders.
The SMB and accounting tech ecosystems are booming, to say the least. Given that you’re a trusted advisor in the financial well-being of your clients, the time is right for using technology to enhance your internal operations as well as growth opportunities.
Transforming finance through digitally-based systems is a priority for business leaders. Learn about how RPA, while important, is really just the beginning of digital transformation.
how i managed to Develop a Analytics story for services about 4 years back. Contains
Maturity Model, Business Potential, Services Structures Areas that analytics can be applied to
20150108 create time stamp
As businesses continue through this evolution, IT begins to recognize increasingly significant benefits. In terms of value, the focus on management and automation yields a reduction of operating expenses, as automation of manual tasks enables the IT organization to operate more efficiently.
IT Integration Done Right
It may or may not surprise you, but about 70% – 90% of M&As fail, for one reason or another. The integration of two companies into one functional unit inevitably involves great change. Culture, business strategies, and many other variables need to be adapted to fit new environments, people, and goals.
Are you prepared to take on the pressure and complexity of an IT M&A? Our new M&A Playbook for IT is your roadmap to navigating the biggest IT integration challenges and driving business goals.
In this strategy brief, find out:
-The three common M&A pitfalls that CIOs must avoid
-How to improve synergy, lower costs, and shorten time to market
-How to determine the right level of IT integration for your company
BI is all about making dry figures accessible & useful to the right audience within an Enterprise
Euthenics IT Services Pvt. Ltd.
306-B, Super Plaza, Sandesh Press Road, Bodakdev, Ahmedabad-380 054, Gujarat, INDIA
Tel: +91 (79) 26769094 & 40036094
Web: www.euthenicsit.com/ www.factisbi.com
Automatonophobia is the fear of anything that falsely
represents a sentient being. And when it comes to process
automation, many organizations have this fear about getting
started.
Indeed, robots are fast advancing, enabling you to improve
the accuracy, consistency, speed, and delivery cost of any
activity that requires human labor. They do not need sleep,
overtime salary, or breaks, and they can do everything
from opening an Internet browser and executing a program
to validating data, answering questions, and supporting
decisions. But in a dynamic and somewhat ambiguous
technical landscape, with a lack of established marketplace
examples, some companies have spent the past 12 months
just talking about robotic automation, while early movers are
already saving millions of dollars.
Leverage cutting edge cognitive automation ml and rpa to elevate business valueEclature
Automation is revolutionizing the way business functions are conducted. Together with artificial intelligence (AI) and robotics, automating events, processes and tasks offer cross-enterprise IT visibility that results in improved productivity and superior user experiences.
The main purpose of this technology is to do a job with more information and to encourage everyone in an organization to be a part of the transformation.
This whitepaper aims to assist Chief Data Officers in promoting a data-driven culture at their
organization, helping them lead the enterprise on a digital transformation journey backed by
analytical insights.
Many insurers have set out on the journey of robotic process automation. In most cases, this has meant running pilots on simple business processes before scaling up to deliver more material benefits through an industrialized automation capability. Our experience shows that a holistic and integrated approach to these implementations is essential.
Finance Crunsh Time Reporting | Deloitte Indiaaakash malhotra
Reporting is an essential function of every organization because it tracks an employee's performance. But superiors are wasting a lot of time in creating and updating reports; rather, they should use that time to communicate with subordinates. This can be possible only when the whole reporting function gets automated in the organization.
VMware Business Agility and the True Economics of Cloud ComputingVMware
New groundbreaking global survey findings demonstrate
the true value of cloud computing to the business. While it is understood in the industry that cloud computing provides clear cost benefits, CIOs are having difficulty getting a true fix on the business value that cloud might offer beyond cost reduction. These survey results reveal a direct link between cloud computing and business agility—how business outcomes are associated with agility, the role of IT for agile companies and the importance of cloud computing to business leaders.
The SMB and accounting tech ecosystems are booming, to say the least. Given that you’re a trusted advisor in the financial well-being of your clients, the time is right for using technology to enhance your internal operations as well as growth opportunities.
Transforming finance through digitally-based systems is a priority for business leaders. Learn about how RPA, while important, is really just the beginning of digital transformation.
how i managed to Develop a Analytics story for services about 4 years back. Contains
Maturity Model, Business Potential, Services Structures Areas that analytics can be applied to
20150108 create time stamp
As businesses continue through this evolution, IT begins to recognize increasingly significant benefits. In terms of value, the focus on management and automation yields a reduction of operating expenses, as automation of manual tasks enables the IT organization to operate more efficiently.
IT Integration Done Right
It may or may not surprise you, but about 70% – 90% of M&As fail, for one reason or another. The integration of two companies into one functional unit inevitably involves great change. Culture, business strategies, and many other variables need to be adapted to fit new environments, people, and goals.
Are you prepared to take on the pressure and complexity of an IT M&A? Our new M&A Playbook for IT is your roadmap to navigating the biggest IT integration challenges and driving business goals.
In this strategy brief, find out:
-The three common M&A pitfalls that CIOs must avoid
-How to improve synergy, lower costs, and shorten time to market
-How to determine the right level of IT integration for your company
BI is all about making dry figures accessible & useful to the right audience within an Enterprise
Euthenics IT Services Pvt. Ltd.
306-B, Super Plaza, Sandesh Press Road, Bodakdev, Ahmedabad-380 054, Gujarat, INDIA
Tel: +91 (79) 26769094 & 40036094
Web: www.euthenicsit.com/ www.factisbi.com
Automatonophobia is the fear of anything that falsely
represents a sentient being. And when it comes to process
automation, many organizations have this fear about getting
started.
Indeed, robots are fast advancing, enabling you to improve
the accuracy, consistency, speed, and delivery cost of any
activity that requires human labor. They do not need sleep,
overtime salary, or breaks, and they can do everything
from opening an Internet browser and executing a program
to validating data, answering questions, and supporting
decisions. But in a dynamic and somewhat ambiguous
technical landscape, with a lack of established marketplace
examples, some companies have spent the past 12 months
just talking about robotic automation, while early movers are
already saving millions of dollars.
Leverage cutting edge cognitive automation ml and rpa to elevate business valueEclature
Automation is revolutionizing the way business functions are conducted. Together with artificial intelligence (AI) and robotics, automating events, processes and tasks offer cross-enterprise IT visibility that results in improved productivity and superior user experiences.
The main purpose of this technology is to do a job with more information and to encourage everyone in an organization to be a part of the transformation.
Robotic Process Automation for Financial ServicesAppian
Robotic Process Automation (RPA) is emerging as a cost-effective technique to get work done in Financial Services Institutions (FSIs).
With the advent of RPA, executives should reconsider how they manage organizational business processes and support information technology.
Learn more about robotic process automation and the transformation continuum in this executive perspective: http://ap.pn/2jYWrMG
Capgemini Robotic Process Automation special edition summer 2017UiPath
The rise of automation is bringing a plethora of opportunities to both organizations and individuals. Capgemini is at the forefront of this revolution – our Automation Drive is a unified, open and dynamic suite of automation tools and services that help our clients embark on a new journey of reimagining the way they do business. A number of experts from Capgemini's Business Services have shared their insights on various aspects of automation, and we hope that this collection of articles will help you navigate your business through the uncharted waters of this new age towards a productive automation environment.
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Arrayworks was founded with an ideology that the
only constant is change and technology should
empower organizations to continuously adapt their
solutions to match changing business demands.
In the first edition of Connections, we talk about the Trends you can expect in the BPO industry and the Allsec-Kronos Partnership. We also discuss the impending possibility of RPA in your Accounts Payable process.
How to get RPA initiative work beyond proof of concept?Abhinav Singhal
Global RPA market grew by 63% in 2018 and is expected to
reach USD 1.3 billion in 2019. Telecom and IT sector
being the biggest adopter, followed by the banking,
financial services, and insurance industries, and retail
and consumer goods.
However, as companies try to scale beyond the
proof of concept the momentum starts decreasing.
Installing hundreds of bots takes a lot longer and is
more complex than the initial pilot. It introduces an
additional architecture layer into the system, requiring
more governance, security, and oversight by the IT
organization, already burdened with maintaining legacy
systems. The economic outcomes often aren’t as rosy as
originally projected. While it may be possible to automate
30 percent of tasks for the majority of occupations, that
doesn’t neatly translate into a 30 percent cost reduction.
People do many different things, and bots may only
address some of them. Unless the process and the organization are also aligned true efficiencies don’t kick in. Also, asking
operators to program bots that could take their jobs can understandably create high resistance at the front line.
As a result, several programs get put on hold beyond the pilot stage. So, what is the recipe for a successful rollout and
implementation?
Few decades ago, Managers relied on their instincts to take business decisions. They could afford to make mistakes and learn from it. Today, the scope for learning from mistakes is very minimal. Instincts should be backed by data to minimise mistakes.
Technological advancements, in addition to opening new channels of communication with customers, have also enabled organizations to collect vital information about their businesses with customers. But, have these organizations fully leveraged this data?
Today, Organizations make use of data for business decisions, but the data is not close enough to the customer to reap maximum benefit. In many cases, importance is not given to the granularity of data. The probability of “customer centric” decisions being right could be high, if the top management makes better use of the end user customer data (such as point of sale data, voice of customer, social media buzz etc.) to devise business strategies.
Talent Augmentation: Through Intelligent Process Automation, Smart Robots Ext...Cognizant
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Artificial intelligence (AI) has been around for decades. But with the stunning progress of key technologies like cloud computing and data analytics, AI is finally making a transformative impact. Just look at how companies like Google, Facebook and Microsoft have been investing aggressively in this technology. In fact, Google considers itself an AI-first company.
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There’s already a pervasive culture of change in the insurance industry. The quest for efficiency gains is a major driver, along with the need to keep pace with evolving consumer expectations and investment in new digital technologies. Robotic process automation (RPA) is a natural fit in this new environment because change can be delivered with speed and agility to realize benefits quickly. Further, RPA can automate the end to end lifecycle by integrating new front end digital technologies with back office environments.
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Making Processes Smarter with Intelligent Automation
1.
2. Say you’ve established a center of excellence,
and your teams are analyzing and prioritizing
data analytics initiatives to tackle first. And
maybe you’ve placed your first glorious bot
into production and begun the real journey
toward transforming your firm. It’s at about this
moment…when the first automation occurs…
that the next important question surfaces: “How
can we make this automation more intelligent?”
Let’s pause to consider how far we’ve come over
the past 20 years in making financial services
business processes more effective and cost
efficient. First there was six-sigma and the
focus on re-engineering processes. Next came
business process management—the use of
software to allow business rules-driven routing.
These capabilities also played a significant role
in supporting business process outsourcing.
For example, within the insurance sector,
workers’ compensation claims processing
typically involved a lot of manual, paper-based
steps—primarily in the form of reviewing
medical records, doctors’ notes, and bills.
Insurers were looking for a way to streamline
operations to reduce cycle time and costs
while making sure they were still paying claims
fairly. Doing so involved building processes
and technology around early claims triage
to properly assess which claims needed
“high touch” versus “low touch” models, then
automating decision‑making and workflow
with basic rules-based systems. Procedures
and processes were built, and work was
outsourced to handle the steps in the claims
settlement process that required human
involvement. There is still a lot of room for
improvement in terms of aggregating disparate
data sources and report generation, but this
early work is a signal the industry is headed
in the advanced automation direction.
2 INTELLIGENT AUTOMATION: THE NEXT STEP IN THE BUSINESS PROCESS TRANSFORMATION JOURNEY
Automation is a hot topic in financial services today, having proven itself
as an operational efficiency driver—freeing up human resources to take
on more strategic roles. Not only that, because financial services is such
a highly regulated industry, automation can be transformational in terms
of addressing significant demands for auditability, security, data quality,
and operational resilience. As technology becomes more sophisticated,
automated processes—when implemented correctly—show great promise
for delivering new business solutions and generating even greater benefits
to financial firms. Some of you have likely been examining every process
in your organization and asking the question, “Can we automate this?”
3. 3 INTELLIGENT AUTOMATION: THE NEXT STEP IN THE BUSINESS PROCESS TRANSFORMATION JOURNEY
All of these types of developments are
the parents and grandparents of today’s
intelligent automation (IA). IA is the new
generation in enterprise transformation,
taking the financial services industry to
the next level in harnessing technology to
drive better process effectiveness and cost
efficiency in ways not previously possible.
What’s important to recognize is that with this
new generation of technology capabilities, the
enterprise is making processes more effective
and cost efficient through automation, and
ushering in an era where essentially, machines
can “think.” And that’s changing the financial
services environment in a number of ways,
including opening the door to new products
and services that weren’t possible in the
past. For example, IA is helping firms with
their regulatory compliance and preventing
fraud through automated communications
monitoring that identifies relationships and
entities across multiple communication threads.
In essence, IA is becoming your new
“business partner,” aiming to help you
make better decisions, faster—accelerating
your competitive edge and evolving your
business. So how do you take the next
step in this transformation to make your
automated processes more intelligent?
70%
70% of executives are making
significantly more investments
in artificial intelligence technologies
than they did in 2013.1
4. In the simplest terms, IA is the
automation of a repeatable
process, but through an
intelligent system. It’s the
logical next step in transforming
manual, time‑consuming
and cost‑heavy activities to
become more streamlined,
cost‑efficient and productive.
As mentioned previously, in the early days
of enterprise transformation, firms deployed
people in this effort and in the form of a
methodology-based business process. While
these endeavors yielded benefits, they often
presented challenges in terms of expensive,
time-consuming and inconsistent deployment.
As technology has advanced, enterprises have
increasingly adopted automated technology
solutions to drive even greater efficiency.
However, IA has the potential (and in many
cases, is already fulfilling that potential) to
go well beyond simply driving improved
efficiency to deeply simplifying the business
environment as we know it. With IA, it’s not
just about automating your processes; it’s
literally about making them smarter. It’s not
just about streamlining the workflow; it’s about
making better business decisions. And it’s
not just about conserving human resources;
it’s about humans and machines interacting
on an even more sophisticated level. With
IA, machines augment human skills and
capabilities to deliver new business solutions
that would not otherwise be possible.
While automation is paying off in terms of
improved process effectiveness and cost
efficiency—saving enterprises time while
reducing human-generated errors, the early
days’ challenges around re-engineering work
processes have given way to challenges
in terms of culture shifts. In other words,
organizations are wrestling with how to embrace
IA processes as the new coworker. While
we expect change to always be accompanied
by challenges, the writing is on the wall that
IA solutions should increasingly be partnered
with human counterparts to create the
workforce and workplace of the future.
The question is, how will you position your
firm for improved performance in this next
phase of the enterprise transformation?
82%
“82 percent of executives we
surveyed agree that organizations
are being increasingly pressed
to reinvent themselves and
evolve their business before they
are disrupted from the outside
or by their competitors.”2
4 INTELLIGENT AUTOMATION: THE NEXT STEP IN THE BUSINESS PROCESS TRANSFORMATION JOURNEY
THE “WHAT” AND “WHY” OF IA
5. 5 INTELLIGENT AUTOMATION: THE NEXT STEP IN THE BUSINESS PROCESS TRANSFORMATION JOURNEY
Before deciding how to make your
firm’s automated processes more
intelligent, it’s important you have
a basic understanding of the IA
technology landscape—which is best
viewed on a spectrum ranging from
less sophisticated to more advanced.
Robotic process automation (RPA) is the first
step most organizations take in implementing
IA solutions. RPA tools mimic the same manual
path through an application a human would
take, using a combination of user interface
(UI) interaction or descriptor technologies.
An RPA tool can be triggered manually or
automatically to move or populate data
between prescribed locations, document
audit trails, conduct calculations, perform
actions, and trigger downstream activities.
RPA is at the lower end of the intelligence
spectrum, basically acting as a virtual agent
to execute tasks. It’s a good solution for
aggregating data, performing rudimentary
analysis, and then visualizing the data (for
example, in a dashboard as a chart or graph).
RPA is “low hanging fruit” for firms looking for
early wins in automating manual, time-intensive
tasks. For example, data analysts should find
RPA very useful in terms of doing much of the
preliminary work in analyzing a large amount
of data around which the analyst can then
build a story for decision-making purposes.
Advanced natural language generation (Advanced
NLG) systems are more sophisticated than RPA
and mimic the analytic and authoring capabilities
of a human analyst by automating processes
that analyze and communicate insights gleaned
from data. These systems are best at interpreting
and generating information from data at scale,
in language that is human sounding and insightful.
Advanced NLG is at the higher end of the
intelligence spectrum, essentially acting
as an automated analyst that analyzes and
interprets structured data, then communicates
relevant insights in narrative form. In addition
to automating sophisticated analysis, NLG
capabilities free up human analysts to work on
more strategic tasks—such as decision-making.
Because of its robust data analysis, insight
derivation, and communication capabilities,
Advanced NLG is particularly useful in engaging
customers and accelerating time to market,
as well as providing clear and accurate
narratives regarding business performance.
There are many RPA and NLG-only solutions
that can deliver a significant return on
investment. However, RPA and Advanced
NLG are complementary technologies and
in many cases, can be used together for
enhanced benefit—with RPA as the data
aggregator and Advanced NLG as the power
behind the analysis and communication.
Here’s an example of how they can work
together within the financial services sector.
THE IA TECHNOLOGY LANDSCAPE
6. Intelligent Process Automation Technologies
Robotic Process
Automation
Natural Language
Generation
Automating scripts to execute
machine-to-machine tasks
Streamlining end-to-end
processes such as data entry
Automating the translation
of data to language
Scaling content creation
and report replication
Automating the analytical
and reporting capabilities
of a top-tier analyst
Augmenting human
knowledge and skills with
intelligent narratives
Spectrum of intelligence
Advanced Natural
Language Generation
6 INTELLIGENT AUTOMATION: THE NEXT STEP IN THE BUSINESS PROCESS TRANSFORMATION JOURNEY
Risk reports on counterparties are
required for firms that purchase or sell loans.
There are thousands of entities and dozens of
loan types a large financial institution has to
address in the reporting process. Automated
data collection processes (RPA) gather the
required information across all loans and
counterparties. An Advanced NLG system then
analyzes the data and prepares the reports
in an easily readable format. This combined
IA process provides the oversight authority
with a higher quality report and the reporting
entity with greater capacity, while removing
mundane tasks from employees’ hands.
When firms combine NLG with RPA, they can
scale IA for a larger end-to-end transformation.
You need structured data to efficiently deploy
NLG within your firm. RPA provides the fix for
this by aggregating the data from multiple
systems into one, ready-to-write-about file.
RPA provides additional value by triggering the
API (application program interface) call that tells
the NLG system what story to write. Because
the system is likely configured for a variety of
personas, audiences receive the information
they care most about in a personalized manner,
thereby increasing engagement. Once the story
leaves the NLG system, RPA bots distribute it to
readers by triggering email templates, sending
text messages, and posting content on websites.
The end result? An automated process on the
higher end of the intelligence spectrum.
Source: Narrative Science and Accenture
7. 7 INTELLIGENT AUTOMATION: THE NEXT STEP IN THE BUSINESS PROCESS TRANSFORMATION JOURNEY
The first step in adopting IA
is identifying the ripest business
cases for automation. Answering
the following questions about
any particular activity can help
determine whether or not IA
is the right choice:
• What amount of time is spent on the activity?
(If very little time is spent, automation might
not be worth the investment.)
• How many steps or people are involved?
(Firms should look for the greatest opportunity
for return on investment in terms of human
and technical resources.)
• What systems already exist to perform some
of these steps? (Are there other options for
creating process efficiency that are being
overlooked and that could yield a better return?)
For example, suspicious activity reporting
requires data aggregation, model fine-tuning,
suspicious activity identification, and alert
generation—as well as final report writing.
This effort is likely to be highly people-intensive.
Might there be better ways all the analysts
and others could spend their time in supporting
the business than working on these reports?
If so, this would be an excellent use case for IA.
Once a good candidate for IA has been
identified, the next step is to “teach” the
system about your business. IA is very broadly
applicable in the consumer world (think Apple
Inc.’s Siri®), but for a system to be valuable
in the enterprise, it needs to understand the
unique business specifics. For example, RPA
virtual workers handle multiple data feeds
from multiple sources and can schedule
tasks to be performed in a certain order to
improve particular processes. Advanced NLG
systems leverage domain-specific ontologies
to perform business-relevant analysis and
express the output in language that is
contextual to your firm and its audience.
Lastly, intelligent systems should be held
accountable for the results they produce.
Transparency—the ability to accurately monitor
and measure both performance and results—
is extremely important when implementing IA.
Systems should be able to “explain themselves”
through traceable decision-making—tracking
information all the way back to the original
source. Additionally, after implementing IA,
firms should be able to accurately assess:
• How much time is being saved.
• The amount by which operational costs
are being reduced.
• How IA is leading to better outcomes.
• What the organization is able to accomplish
that wasn’t possible before IA.
TAKING THE LEAP: IDENTIFYING,
IMPLEMENTING,ANDMEASURING
IA PERFORMANCE
8. 8 INTELLIGENT AUTOMATION: THE NEXT STEP IN THE BUSINESS PROCESS TRANSFORMATION JOURNEY
Technology in general is all well
and good, and its benefits have been
amply demonstrated. Automation
is helping organizations save time
and money, and increasingly firms
and their employees are becoming
more comfortable with automation
in the workplace.
But IA is a little different. It’s triggering a culture
shift. Its effective implementation depends in
large part on how well humans and machines
are able to work together at a higher level than
they do through less sophisticated automation.
Currently, IA systems work in partnership
with humans, as humans have to teach the
machines the reasoning steps necessary
for transforming raw data into valuable and
actionable insights. When the partnership
works, there are numerous possibilities for
applying IA to strengthen performance,
increase revenue, and please customers.
AUGMENTING HUMAN SKILLS
AND KNOW-HOW THROUGH IA
“The companies that will grow
and dominate their industries
will be those that systematically
embrace automation across their
organizations, using it to drive
the changes to their products,
services, and even business models
as they continue to transform
themselves and their industry.”3
9. REFERENCES
1 “Intelligent Automation: The essential new co-worker for the digital age,” Accenture, 2016.
Access at: https://www.accenture.com/fr-fr/_acnmedia/PDF-11/Accenture-Intelligent-Automation-
Technology-Vision-2016-france.pdf
2 Ibid
3 Ibid
4 Ibid
9 INTELLIGENT AUTOMATION: THE NEXT STEP IN THE BUSINESS PROCESS TRANSFORMATION JOURNEY
IA is still in its infancy, but its growth
could be explosive.
To stay competitive and keep up with the
industry, firms are encouraged to examine
their processes and identify where IA makes
sense and how it can add value. Whether
it’s adding a robotic “greeter” to assist
customers, implementing an automated
investor advisory service that creates formulas
based on customer profiles, or applying
Advanced NLG to engage with clients in
language that is personalized and insightful,
every firm should have a need IA can fill.4
Here are three suggestions for incorporating
IA as a valuable part of your operations:
Start with a small business use case
to establish a quick win, then build
on that success.
Make sure to assemble the right team,
composed of both business subject
matter specialists and technologists.
Begin the design process with the end
state in mind by creating a reverse
timeline. Make the starting point achieving
the desired business value, then work
your way backward to implementation.
Now, go make your automations intelligent.
YOUR IA JOURNEY TO BUSINESS
PROCESS TRANSFORMATION
1
2
3
11. ABOUT THE AUTHORS
Tommy Marshall
Tommy Marshall, Managing Director, Accenture
Financial Services Technology Advisory. Based in
Atlanta, Tommy leads Accenture’s Fintech practice for
North America. He drives both Fintech and Artificial
Intelligence offerings across Accenture Research,
Labs, Liquid Studios and fintech accelerators across
North America. With over 20 years of experience,
Tommy brings results‑driven, resourceful, management
consulting services to many of the world’s top financial
institutions. His experience in payments, wealth
management banking, and capital markets allows
him to help clients address digital financial services
end-to-end. In his spare time, Tommy is figuring out
how to make machine learning take over his email.
Kyle Kamka
Kyle Kamka, Manager, Accenture Financial Services
Technology Advisory. Based in San Francisco, Kyle
brings over 10 years of wealth and capital markets
experience to the benefit of financial services
institutions. In his current role and focus, Kyle works
with financial institutions to activate their innovation
architecture and realize sustainable value from
emerging technologies like Artificial Intelligence.
Recently, Kyle has been musing on how to apply
machine learning to his infant’s sleep cycle.
Adam Kanouse
Adam Kanouse, Chief Technology Officer, leads
the engineering teams at Narrative Science. He
is responsible for the technology vision, building
exceptional software products and supporting
the firm’s customers from a systems perspective.
Prior to his current position, Adam held roles as
CEO and CTO of a major software firm and was
an Accenture Managing Director. Adam has his
MS in Geosciences from Northwestern University.
Todd Pingaro
Todd Pingaro, Managing Director, Accenture Financial
Services Technology Advisory. Based in Southern
California, Todd leads Accenture’s Technology Advisory
business for the Western region for Financial Services.
He works with clients to bring innovative business
outcomes applying technologies including FinTech,
Automation, Artificial Intelligence, Blockchain &
New IT. With over 20 years of experience, Todd has
adopted an approach of being strategically practical
to the world’s top financial institutions. Outside the
office, Todd enjoys chasing around his two young
daughters and taking them into the outdoors.
11 INTELLIGENT AUTOMATION: THE NEXT STEP IN THE BUSINESS PROCESS TRANSFORMATION JOURNEY