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    AI’s Impact on Philippines, the Call Center Capital of the World

    AI’s Impact on Philippines, the Call Center Capital of the World

    Rufus: Amazon’s AI-Powered Shopping Assistant Comes to India

    Rufus: Amazon’s AI-Powered Shopping Assistant Comes to India

    Ambient AI: A Game-Changer in Healthcare

    Ambient AI: A Game-Changer in Healthcare

    Recall: A Controversial AI Feature for Windows on ARM

    Recall: A Controversial AI Feature for Windows on ARM

    Fine-Tuning GPT-4o: Customization with OpenAI’s New Feature

    Fine-Tuning GPT-4o: Customization with OpenAI’s New Feature

    Anthropic Faces Copyright Lawsuit Over Claude AI Training

    Anthropic Faces Copyright Lawsuit Over Claude AI Training

    AI Model Collapse: Can AI Work Without Humans?

    AI Model Collapse: Can AI Work Without Humans?

    30% of GenAI projects will be abandoned: Gartner

    30% of GenAI projects will be abandoned: Gartner

    FLUX.1: A New Open-Source AI Image Generator

    FLUX.1: A New Open-Source AI Image Generator

  • Case Studies
    AI in Consulting: A BCG Case Study by Forbes

    AI in Consulting: A BCG Case Study by Forbes

    Generative AI in Document Processing Will Reduce Your Extraction Errors: A UiPath Case Study

    Generative AI in Document Processing Will Reduce Your Extraction Errors: A UiPath Case Study

    Santander Consumer Bank Leverages Robotic Process Automation (RPA) to Save $2M on Systems Migration

    Santander Consumer Bank Leverages Robotic Process Automation (RPA) to Save $2M on Systems Migration

    Robotic Process Automation (RPA) Empowers R1 RCM to Successfully Automate More Than 15M Tasks

    Robotic Process Automation (RPA) Empowers R1 RCM to Successfully Automate More Than 15M Tasks

    Dai-ichi Life Insurance Reports that They Saved Over 132000 Hours with Robotic Process Automation (RPA)

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      AI’s Impact on Philippines, the Call Center Capital of the World

      AI’s Impact on Philippines, the Call Center Capital of the World

      Rufus: Amazon’s AI-Powered Shopping Assistant Comes to India

      Rufus: Amazon’s AI-Powered Shopping Assistant Comes to India

      Ambient AI: A Game-Changer in Healthcare

      Ambient AI: A Game-Changer in Healthcare

      Recall: A Controversial AI Feature for Windows on ARM

      Recall: A Controversial AI Feature for Windows on ARM

      Fine-Tuning GPT-4o: Customization with OpenAI’s New Feature

      Fine-Tuning GPT-4o: Customization with OpenAI’s New Feature

      Anthropic Faces Copyright Lawsuit Over Claude AI Training

      Anthropic Faces Copyright Lawsuit Over Claude AI Training

      AI Model Collapse: Can AI Work Without Humans?

      AI Model Collapse: Can AI Work Without Humans?

      30% of GenAI projects will be abandoned: Gartner

      30% of GenAI projects will be abandoned: Gartner

      FLUX.1: A New Open-Source AI Image Generator

      FLUX.1: A New Open-Source AI Image Generator

    • Case Studies
      AI in Consulting: A BCG Case Study by Forbes

      AI in Consulting: A BCG Case Study by Forbes

      Generative AI in Document Processing Will Reduce Your Extraction Errors: A UiPath Case Study

      Generative AI in Document Processing Will Reduce Your Extraction Errors: A UiPath Case Study

      Santander Consumer Bank Leverages Robotic Process Automation (RPA) to Save $2M on Systems Migration

      Santander Consumer Bank Leverages Robotic Process Automation (RPA) to Save $2M on Systems Migration

      Robotic Process Automation (RPA) Empowers R1 RCM to Successfully Automate More Than 15M Tasks

      Robotic Process Automation (RPA) Empowers R1 RCM to Successfully Automate More Than 15M Tasks

      Dai-ichi Life Insurance Reports that They Saved Over 132000 Hours with Robotic Process Automation (RPA)

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      Reporting Made Faster and Easier with Automation and RPA

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      Reporting is an essential process to effectively keep track of shortages, be updated with regulatory changes, and monitor risk. Generating a report from records is one of the most demanding and labor-intensive tasks for a company. With everything being revolutionized with technology, record keeping and reporting are not far behind. When it comes to accounting and finance, reporting is under constant scrutiny as it can influence investors and shareholders.

      Companies, especially the considerably larger ones, need to go through multiple records spread across numerous departments to ensure proper reporting. But, filing reports are considered the most stressful activity as one irregularity can throw the whole process. There could also be delays due to mistakes, and inaccuracies in data are not uncommon in the reporting process.

      RPA and Reporting

      It is estimated that companies that function on the higher end complete reporting in 4-5 days. Those on the lower end take more than ten days to complete their reporting process. While 4-5 days is rather effective, 10+ days mean losing productive days performing tasks that can be automated. With standardized, automated procedures and controls, efficiency can be impressively increased.

      The existing automation solutions might offer a temporary, simpler fix, but Robotic Process Automation (RPA) is transformative. The important task is to identify the processes that can be successfully automated. Once RPA is employed, even the extremely complex tasks of reporting can be fully automated.

      The Process of Automated Reporting

      The first step in an automated reporting program would need to function the data. We need to set up a template and automate certain processes. The main agenda here is collecting data that is distributed across multiple departments. Therefore, the important process to automate is to identify the required data, locate it and extract the same. The extracted data is then run through the program.

      After running it through the program, the platform will identify errors. Any anomaly or mistake in the records or any deviation from the prescribed regulation will raise a red flag. In case of any miscalculation, the respective team will be notified to take further action. Once the errors are fixed, the program then proceeds to compile the data. The next step is to organize the data into a required, structured format.

      Automating reporting process will ensure that there is less room for error. It dramatically reduces human involvement, allowing them to focus on less repetitive tasks and rectify errors.

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      GraphCast: DeepMind’s ML-Powered Weather Forecasting Model

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      AI in Consulting: A BCG Case Study by Forbes

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      KPMG’s global tech report, 2022, details the Digital Transformation progress as shared by Global Tech Leaders

      KPMG’s global tech report, 2022, details the Digital Transformation progress as shared by Global Tech Leaders

      May 22, 2024

      Gartner’s 2024 IT Spends & Trends Forecast Unsurprisingly Favors AI

      May 22, 2024
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      AI’s Impact on Philippines, the Call Center Capital of the World

      AI’s Impact on Philippines, the Call Center Capital of the World

      August 29, 2024
      Rufus: Amazon’s AI-Powered Shopping Assistant Comes to India

      Rufus: Amazon’s AI-Powered Shopping Assistant Comes to India

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