convedo Intelligent Process Automation Blog

Robotic Process Automation is a technology that is swiftly gaining immense popularity in the generation of continual technical advancements. It has, in a very short time period, become one of the most intensively used technologies in the digital world, across several industries. Due to this very fact that various industries have adopted RPA, it has experienced unprecedented growth in a matter of a couple of years. Thus, the latest RPA trends that we are going to discuss in this article will transform operations in various field including businesses, enterprises, banking, and public sector as well.

is continuously transforming the way we live. Everything we do and every advancement we make as humans is marked by a leap in technology. Every top global industry is constantly trying to mold itself according to the rapidly changing technological advancements. The finance and banking sector has also felt the need to change the dynamics and modify its style of working by embracing new technologies. It has undergone a massive change in operations because of technological innovations and the change in regulatory requirements. RPA and AI are the latest technologies today redefining how banks operate by automating processes such as Know your customer (KYC) and personalizing customer services. 

RPA is headed to be one of the fastest adopted technologies . Often our customers are excited about taking-on the technology but struggle to identify the right use case for it.  We commonly get asked – what are the best use cases for RPA and RPA bots? Where should we apply RPA in the business to get the quickest returns? Which function in the business would benefit most from RPA – Finance, Accounts, HR, Operations, IT? 

Optical character recognition (OCR) is the use of technology to convert machine-printed or handwritten text into digital text. There are a variety of business applications for OCR, including invoices, business cards, receipts, bank checks, and more. The term intelligent character recognition (ICR or iOCR) is sometimes used for advanced OCR technologies specifically used for multiple fonts and styles of handwriting.

Robotic process automation (RPA) offers the potential to revolutionise your business operations by automating large amounts of your workflow, improving efficiency and productivity.