Intelligent automation is a powerful tool that can help the CIO and IT leaders optimize business processes and outcomes while reducing costs, risks and errors. Automation takes many forms, each with its own applications, benefits and limitations. In a previous perspective, I shared how technology helps organizations automate processes and enhance workflow efficiency. This perspective explains the various types of automation enabled by artificial intelligence technologies and their applications...
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Topics:
Digital Technology,
robotic automation,
AI and Machine Learning
As we celebrate the first half of what seems to be the year of generative artificial intelligence, with an apparently unlimited discussion of use cases and bogeymen, my attention is turning to the very mundane question of costs. Specifically, how costs incurred – through investment and operation – will be distributed along the value chain and how this will affect the demand for AI ‒ by whom and for what purpose. It’s a question that needs asking even though, at this stage in the market’s...
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Topics:
Office of Finance,
Continuous Planning,
Business Planning,
Enterprise Resource Planning,
natural language processing,
digital finance,
Consolidate/Close/Report,
Continuous Supply Chain & ERP,
AI and Machine Learning
Automation uses technology to perform tasks or functions that would otherwise require human intervention or effort. Automation has existed for decades, and it takes many forms. It handles routine tasks, freeing time for knowledge workers to perform other activities that require creativity, subjectivity or empathy. Automation can also improve the quality, efficiency and consistency of business processes as well as enhance customer satisfaction and brand loyalty.
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Topics:
Digital Technology,
robotic automation,
AI and Machine Learning
The publication of Ventana Research’s 2023 Operational Data Platforms Value Index earlier this year highlighted the importance of incorporating analytic processing into operational applications to deliver personalization and recommendations for workers, partners and customers. This importance is being accelerated by interest in generative AI, especially large language models. The emergence of intelligent applications has impacted the requirements for operational data platforms with the need to...
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Topics:
Analytics,
Cloud Computing,
Data,
Digital Technology,
Analytics & Data,
operational data platforms,
Analytic Data Platforms,
AI and Machine Learning
Increasing threats and challenges from cyberattacks, data breaches and other incidents have made digital security a critical concern for organizations. These dangers have devastating consequences, including financial loss, reputational damage, legal liabilities and operational disruption. Adopting effective and efficient digital security strategies is key to protecting data, assets and customers from risk.
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Topics:
Digital Business,
Digital Security
I recently attended Sage Software’s Partner Summit. Implementation partners account for most of the sales and implementation of finance and accounting applications designed for small and midsize businesses, so they are important to the success of the software vendor. These events are designed to inform partners of product enhancements and the product and technology roadmap as well as provide a perspective on market conditions and trends.
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Topics:
Office of Finance,
Business Planning,
ERP and Continuous Accounting,
digital finance,
Purchasing/Sourcing/Payments,
Consolidate/Close/Report,
AI and Machine Learning
Perhaps no human capital management-related topic has been more widely examined in recent years than the struggle to find and retain top talent. Software has flooded the market to address the challenge from every angle — automated sourcing and stack ranking of candidates; artificial intelligence-powered employee sentiment analysis for identifying and reducing the risk of attrition; and internal skills gap identification with connected learning opportunities to help organizations quantify what...
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Topics:
Human Capital Management,
Talent Management
Verint came to its Engage customer conference in June with the goal of changing the industry’s conversation around Contact Center as a Service (CCaaS). The industry commonly considers CCaaS to be equivalent to cloud-based voice routing, an old and perhaps outdated way of thinking about provisioning contact centers. Verint wants to flip the narrative: voice routing is not special enough anymore to warrant being the core around which buying decisions are made. In Verint’s telling, CCaaS is more...
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Topics:
Customer Experience,
Voice of the Customer,
Contact Center,
agent management,
Customer Experience Management,
Intelligent Self-Service
Despite best intentions, many organizations still struggle with some fundamental aspects of data processing and analytics. Taking data from operational applications and making it available for analysis is a first step, but data management remains a perennial challenge. Data movement and transformation difficulties can lead to delays and data quality problems that prevent organizations from generating value from data. The inability to govern and integrate data from multiple data sources prevents...
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Topics:
Cloud Computing,
Data Management,
Data,
Digital Technology,
data operations,
Analytics & Data
Since acquiring InContact in 2016, NICE has moved far from its roots in call recording and contact center quality optimization. That acquisition birthed what was effectively a hybrid that married cloud contact center operations (CCaaS) with a focus on advanced customer experience (CX) analytics. NICE held its annual customer event, Interactions 2023, in June in New York, gathering end users to hear the company talk about its work in these areas and its efforts to use new AI technologies for CX.
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Topics:
Customer Experience,
Voice of the Customer,
Contact Center,
agent management,
Customer Experience Management,
Intelligent Self-Service