convedo Intelligent Process Automation Blog
Digital Transformation (4)
Companies large and small are focusing on “digitally transforming” their business, and few such technologies have been as influential as robotic process automation (RPA). According to consulting firm McKinsey & Company, organisations that implement RPA can see a return on investment of 30 to 200 percent in the first year alone.
Robotic Process Automation (RPA) can be a powerful tool in the right hands, but like any tool, you need to make sure you apply it correctly. Rather than being a magic bullet, RPA requires a careful assessment of your firm's processes, needs and objectives.
According to consulting firm McKinsey & Company, roughly 37 percent of business processes have been digitized. While there remains a great deal of progress to be made, these efforts are a major part of companies' attempts to "digitally transform" their business and become more effective and productive as a result.
Companies of all sizes and industries are attempting to "digitally transform" their business, but many of them lack a solid understanding of what digital transformation really is. Rather than using technology to supplement and speed up your traditional business processes, "digital transformation" refers to the enablement of new ways of working through technological innovation.