Analytics, Artificial Intelligence, Big Data and BI

A need to boost focus on data insights, efficiency, and innovation

Posted on Aug 17, 2022
by Nitin Bhosekar (Head Analytics, Artificial Intelligence, BI Practice & Executive Vice President)
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The global pandemic of 2020-21 along with the ensuing economic crisis, recession fears and skilled talent shortage has brought digital transformation at the forefront of many companies’ attention. Specifically, investment in Artificial Intelligence (AI) & Automation Solutions is accelerating as businesses seek insights, efficiency, and innovation.

Robotic Process Automation (RPA) and AI enabled Intelligent Automation (IA) have proven to be strong enablers of digital transformation. By automating and digitizing business processes, the businesses not only reduce the costs and enhance productivity, but they also facilitate improved organizational agility, next generation data and analytics capabilities, boosting organization’s overall competitive advantage.

Companies are now looking at RPA as a key component for creating a multiskilled digital workforce. The software robots, simply called as bots have evolved from a tool into a RESOURCE – that can understand, learn, orchestrate, and interact. Across the organization there are several key processes that can be automated leveraging a more sophisticated AI technology, creating superior resources, and thereby improving organizational efficiency.

Putting RPA and AI to a greater use within organizations is about more than just immediate profitability, it’s also about future proofing their workforce.

By putting IA and other transformational tools such as low-code and advanced analytics in the hands of its employees, Organizations can deliver better products and services that are fully aligned with business objectives.

Today, AI expertise is focused more on developing commercial applications that optimize efficiencies in existing industries. In the longer run, acceleration of AI adoption and proliferation of intelligent, insightful ML/DL algorithms will breed the creation of new industries and business segments.

While interest and budgets for Business Process Automation & Artificial Intelligence projects and solutions are increasing, a few small and medium sized companies are realizing that their sustainable innovation has slowed down. Leading companies such as Amazon, Google and Tesla have increased overall innovation. While such technologically advanced/ larger companies are off and running with these solutions, other organizations are struggling to get their initial automation and artificial intelligence projects off the ground. Are we are entering an age of automation & haves and have nots?

Are we entering an age of automation haves and have nots?
Aress Software has been working on designing, developing & deploying RPA, AI, and data visualization solutions for various industry verticals; using products such as Ui Path, Blue Prism, Power BI and Tableau as well using bespoke approach. Aress has a team of certified RPA & data visualization developers having strong AI/ ML skills that helps in automation use case identification, quick proof-of-concept, larger project development and deployments. Do get in touch with us for exploring how RPA/ IA adoption could help your organization.

About Nitin Bhosekar

Head Analytics, Artificial Intelligence, BI Practice & Executive Vice President

Nitin Bhosekar heads our Analytics, Big Data, BI and DW practice and is the company’s Executive Vice-President as well. Nitin has built a career on gaining business insight from data. He is a hands-on leader in business intelligence, big data & analytics with over 25 plus years of international experience.

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