Banks and financial institutions, like so many sectors of the economy, are still in the throes of managing the wave that seemed to crash overnight – COVID-19. At the same time, conversations are pivoting to emphasize restarting the economy. Banks, financial institutions, and insurance (BFSI) companies are managing a crush of customers who must delay mortgages and other payments, secure loans, and bank completely remotely. At the same, financial enterprises must handle internal changes and adjust business operations accordingly, from instituting new financial models to managing IT strains brought on by remote workers.Read More
Robotic Process Automation (RPA) is the ideal way to create dynamic virtual workforces that cut costs, boost operational efficiency, increase employee satisfaction, and deliver a superior customer experience.Read More
The concept of working remotely was already becoming an increasingly popular model across many industries even before the appearance of the coronavirus on the world stage. The proliferation of ever-evolving technologies like Skype, Teams, Zoom and Confluence meant that large numbers of workers could finally say a welcome goodbye to the dreaded commute and say hello instead to a more flexible and productive future.
A New Urgency
The advent of the coronavirus pandemic at the beginning of 2020, along with unprecedented lockdowns and the consequent economic shutdown, was a massive vindication for those progressive enterprises who had long championed the work from home approach. But more importantly, the new reality has forced businesses who had previously been resistant to the idea to take a long, hard look at the very real benefits of working remotely. It’s fair to say that these companies have faced a stark choice as COVID-19 has swept the globe: adapt or fall. As a result, millions of employees around the world now find themselves working from home, a state of affairs that requires a great deal of logistical planning to ensure optimal productivity so that businesses stay where they want to be – in the black.
The Quick and Easy Way to Higher Productivity
To make the most of this new normal, forward-thinking enterprises with their fingers firmly on the pulse of the latest developments are turning to innovative technology and embracing the digital transformation like never before. Robotic Process Automation (RPA), where bots allow the quick and easy automation of repetitive and time-consuming processes, is exactly this type of technology, offering effortless routes to boosting work from home productivity without wasting valuable time and money on expensive IT contractors.
Let’s check out just 6 of the many ways that bots can help make remote working a win-win situation for businesses and employees alike.
The emergence of the coronavirus pandemic on the world stage has completely upended most of our previously held assumptions about the future direction of the global economy, forcing us to ask – and seek urgent answers for – some very tough questions.Read More
As the world feels the effects of COVID-19 (“Coronavirus”), the business community has no choice but to cope with the millions of people quarantined, travel standstill and massive economic disruption, with plunging stock markets based on fears of global recession triggered by coronavirus horizon. Concern is building as entire workforces, university and school students are quarantined to their homes, resulting in billions of dollars of lost revenue.
The Future of Work is no longer a philosophical concept. I am one of the self-isolated millions currently working from home due to last week’s business trip. And I say that the future of work is happening now. With all of us talking about digital workers, and how ‘doing business’ will change, there is no doubt that Coronavirus is accelerating these changes at lightning speed.
So, what does this mean for enterprises and what can you do? Enterprises must maintain business continuity during coronavirus turmoil by accelerating their automation strategy.
Enforce Health-First Policies
First and foremost, protect employees’ health. Here at Kryon, we are strict in enforcing quarantine for those who have returned from affected countries. We too, after painful deliberation, took the decision to cancel our company events. Following employee disappointment, it is clear that the decision was the right one.
Initiate Automation Programs ASAP
Beyond these fundamental policies, enterprises must plan for both the short term and long term. When it’s in everyone’s best interest to stay at home and out of harm’s way, the virtual workforce is an unquestionable necessity. That means that if you haven’t yet rolled out a comprehensive Robotic Process Automation (RPA) initiative, you should. And quickly. And if you have, then look at how to optimize it and expand it across your company.
But let’s say, you are ready to push the RPA button. These projects start with Business Analysts executing discovery workshops and interviews with employees. This requires travel, hotel stay and considerable time spent sitting in close proximity of other people. But as quarantines and travel advisories become more severe by the hour, how do we maintain ‘business as usual’?
Business as Usual for Kryon Customers
Well… for Kryon customers it’s Business as Usual - they have a safe, continuous and revenue-building workplace.
Congratulations Automation Anywhere. Your announcement about ‘the world's ‘first’ integrated process discovery solution’ is great news for the RPA industry. You have finally understood the market’s move towards Full-Cycle Automation. However, you’re a little late to the party.Read More
Forrester’s recent guide on the Future of Work analyzes the ways in which automation is expected to change everything and anything to do with work – starting at the beginning, with fundamental questions such as what an organization is, what a company does, and how exactly the work gets done.
Automation is not happening in a vacuum – rather, in tandem with parallel trends that combine to create new types of business opportunities. Here’s some of how the intersection of automation and other trends are expected to pan out:
It’s that time of year again. The nights have drawn in, at least in the Northern Hemisphere, and the temperatures have dropped. As we approach the holiday season — and 2020 looms large on the horizon — our thoughts naturally turn to the past year.Read More
Kryon’s booth generated a lot of buzz at the Intelligent Automation Week in London last week – with demos of Full-Cycle RPA and in particular, how our Process Discovery™ tool helps organizations identify business processes and automate them more quickly.Read More
It's almost Thanksgiving, and we at Kryon have so much to be thankful for. We’ve had an unbelievable year and we've seen some exceptional companies embark on their digital transformation journey, so we asked some of them what they were grateful for this year…Read More