Robotic Process Automation RPA in the Financial Sector

Robotic Process Automation  RPA  in the Financial Sector
Author: Mario Smeets,Ralph Erhard,Thomas Kaußler
Publsiher: Springer Nature
Total Pages: 147
Release: 2021-07-29
Genre: Business & Economics
ISBN: 9783658329747

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Dieses Buch bringt Ihnen die Robotic Process Automation in der Finanzwirtschaft näher In der Finanzbranche ist das Thema Prozessautomatisierung seit Jahren nicht mehr wegzudenken. Doch wie setzt man solche Veränderungen im Rahmen des Changemanagements erfolgreich und effizient um? Das Buch „Robotic Process Automation in der Finanzwirtschaft“ zeigt es Ihnen. Im Fokus steht der recht junge RPA-Ansatz aus der Intelligent Automation. Dabei imitieren Roboter das menschliche Handeln. Die Eingabe von Befehlen erfolgt direkt über die Oberfläche. So gehören tiefgreifende Softwareveränderungen der Vergangenheit an. Im Zuge dessen klärt dieses Buch u. a. folgende Fragen bezüglich der Robotic Process Automation in der Finanzwirtschaft: • Was ist RPA überhaupt? • Welche Vorteile bringt diese Technologie mit sich? • Welche Erfolgsfaktoren tragen zu einer optimalen RPA-Implementierung bei? • Wie sieht ein mögliches RPA-Kompetenzcenter aus? • Welche Anwendungsbereiche für RPA gibt es? Eine Leseempfehlung für ein breites Zielpublikum Daneben beschäftigen sich die Autoren nicht nur mit dem Ist-Zustand der Robotic Process Automation. Zudem erhalten Sie einen Ausblick auf die zukünftige Entwicklung dieser Software-Lösung. Durch den hohen Praxisbezug ist das Buch speziell für folgende Zielgruppen eine lesenswerte Empfehlung: • Verantwortliche für die Implementierung von Prozessen oder Technologien im IT-Bereich • RPA-Anwender und Personen, die sich dafür interessieren • Erfahrene Experten und Praktiker, die branchenübergreifend mit RPA vertraut sind

Robotic Process Automation

Robotic Process Automation
Author: Christian Czarnecki,Peter Fettke
Publsiher: Walter de Gruyter GmbH & Co KG
Total Pages: 373
Release: 2021-05-10
Genre: Computers
ISBN: 9783110676778

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This book brings together experts from research and practice. It includes the design of innovative Robot Process Automation (RPA) concepts, the discussion of related research fields (e.g., Artificial Intelligence, AI), the evaluation of existing software products, and findings from real-life implementation projects. Similar to the substitution of physical work in manufacturing (blue collar automation), Robotic Process Automation tries to substitute intellectual work in office and administration processes with software robots (white-collar automation). The starting point for the development of RPA was the observation that – despite the use of process-oriented enterprise systems (such as ERP, CRM and BPM systems) – additional manual activities are still indispensable today. In the RPA approach, these manual activities are learned and automated by software robots, either by defining rules or by observing manual activities. RPA is related to business process management, machine learning, and artificial intelligence. Tools for RPA originated from dedicated stand-alone software. Today, RPA functionalities are also integrated into elaborated process management suites. From a conceptual perspective, RPA can be structured into input components (sensors in the wide sense), an intelligence center, and output components (actuators in the wide sense). From a strategic perspective, the impact of RPA can be related to the support of existing tasks, the complete substitution of human activities, and the innovation of processes as well as business models. At present, high expectations are related to the use of RPA in the improvement of software-supported business processes. Manual activities are learned and automated by software robots that interact with existing applications via the presentation layer. In combination with artificial intelligence (AI) as well as innovative interfaces (e. g., voice recognition) RPA creates a novel level of automation for office and administration processes. Its benefit potential reaches a return on investment (ROI) up-to 800% that is documented in various case studies.

Robotic Process Automation

Robotic Process Automation
Author: Romil Rawat,Rajesh Kumar Chakrawarti,Sanjaya Kumar Sarangi,Rahul Choudhary,Anand Singh Gadwal,Vivek Bhardwaj
Publsiher: John Wiley & Sons
Total Pages: 338
Release: 2023-08-09
Genre: Technology & Engineering
ISBN: 9781394166930

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ROBOTIC PROCESS AUTOMATION Presenting the latest technologies and practices in this ever-changing field, this groundbreaking new volume covers the theoretical challenges and practical solutions for using robotics across a variety of industries, encompassing many disciplines, including mathematics, computer science, electrical engineering, information technology, mechatronics, electronics, bioengineering, and command and software engineering. Robotics is the study of creating devices that can take the place of people and mimic their behaviors. Mechanical engineering, electrical engineering, information engineering, mechatronics, electronics, bioengineering, computer engineering, control engineering, software engineering, mathematics, and other subjects are all included in robotics. Robots can be employed in a variety of scenarios and for a variety of objectives, but many are now being used in hazardous areas (such as radioactive material inspection, bomb detection, and deactivation), manufacturing operations, or in conditions where humans are unable to live (e.g. in space, underwater, in high heat, and clean up and containment of hazardous materials and radiation). Walking, lifting, speaking, cognition, and any other human activity are all attempted by robots. Many of today’s robots are influenced by nature, making bio-inspired robotics a growing area. Defusing explosives, seeking survivors in unstable ruins, and investigating mines and shipwrecks are just a few of the activities that robots are designed to undertake. This groundbreaking new volume presents a Robotic Process Automation (RPA) software technique that makes it simple to create, deploy, and manage software robots that mimic human movements while dealing with digital systems and software. Software robots can interpret what’s on a screen, type the correct keystrokes, traverse systems, locate and extract data, and do a wide variety of predetermined operations, much like people. Software robots can do it quicker and more reliably than humans, without having to stand up and stretch or take a coffee break.

Confluence of Artificial Intelligence and Robotic Process Automation

Confluence of Artificial Intelligence and Robotic Process Automation
Author: Siddhartha Bhattacharyya,Jyoti Sekhar Banerjee,Debashis De
Publsiher: Springer Nature
Total Pages: 417
Release: 2023-03-13
Genre: Technology & Engineering
ISBN: 9789811982965

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This book provides a detailed insight into Robotic Process Automation (RPA) technologies linked with AI that will help organizations implement Industry 4.0 procedures. RPA tools enhance their functionality by incorporating AI objectives, such as use of artificial neural network algorithms, text mining techniques, and natural language processing techniques for information extraction and the subsequent process of optimization and forecasting scenarios for the purpose of improving an organization's operational and business processes. The target readers of this book are researchers, professors, graduate students, scientists, policymakers, professionals, and developers working in the IT and ITeS sectors, i.e. people who are working on emerging technologies. This book also provides insights and decision support tools necessary for executives concerned with different industrial and organizational automation-centric jobs, knowledge dissemination, information, and policy development for automation in different educational, government, and non-government organizations. This book is of special interest to college and university educators who teach AI, machine learning, blockchain, business intelligence, cognitive intelligence, and brain intelligence courses in different capacities.

Management of Banks and Financial Services

Management of Banks and Financial Services
Author: Dr. Shuchi Gautam,Dr. Mishu Tripathi,Dr. Disha Shah
Publsiher: Academic Guru Publishing House
Total Pages: 257
Release: 2024-02-28
Genre: Study Aids
ISBN: 9788119843275

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The importance of banks and other financial services firms cannot be overstated in today's dynamic global financial market. Understanding the complexities, difficulties, and prospects of this industry at a nuanced level is necessary due to its dynamic nature. The goal of "Management of Banks and Financial Services" aims to provide readers a helpful guide through the complicated banking and financial services business by providing a thorough examination of its many facets. This book is a compilation of the knowledge and experience of seasoned specialists in the subject, as well as the outcomes of their rigorous investigation. Its goal is to provide readers with a comprehensive grasp of modern banking management by connecting theory with experience. To provide readers a complete picture of the changes and developments influencing the financial world, the chapters cover important topics like as risk management, laws and regulations, technical advancements, and strategic planning. Additionally, this book is created for both professionals wishing to hone their skills in the ever-evolving financial landscape and students majoring in banking and finance. This book should help students, educators, and practitioners understand bank and financial services strategic management. This book provides valuable insights into the changing role of banks, the effects of digitization, and the significance of adaptive management techniques. It is a timely handbook that is relevant as the financial sector is going through dramatic transitions.

Application and Adoption of Robotic Process Automation for Smart Cities

Application and Adoption of Robotic Process Automation for Smart Cities
Author: Tailor, R.K.
Publsiher: IGI Global
Total Pages: 241
Release: 2023-10-25
Genre: Technology & Engineering
ISBN: 9781668471951

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In the present era, technological developments are increasing the efficiency and potential of each stakeholder in a business. Robotic process automation is one of the key areas that can be applied in business organizations and corporate sectors to enhance productivity and show a path to success. Application and Adoption of Robotic Process Automation for Smart Cities provides relevant theoretical frameworks and various developments in the area of robotic process automation. Covering topics such as banking and financial services, public engagement, and smart cities, this premier reference source is a valuable resource for business leaders, IT managers, government officials, engineers, students and educators of higher education, researchers, and academicians.

The Changing Face of Central Banking

The Changing Face of Central Banking
Author: Pierre L. Siklos
Publsiher: Cambridge University Press
Total Pages: 372
Release: 2002-11-21
Genre: Business & Economics
ISBN: 9781139433464

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Central banks have emerged as the key players in national and international policy making. This book explores their evolution since World War II in 20 industrial countries. The study considers the mix of economic, political and institutional forces that have affected central bank behaviour and its relationship with government. The analysis reconciles vastly different views about the role of central banks in the making of economic policies. One finding is that monetary policy is an evolutionary process.

The Robotic Process Automation Handbook

The Robotic Process Automation Handbook
Author: Tom Taulli
Publsiher: Apress
Total Pages: 359
Release: 2020-02-28
Genre: Computers
ISBN: 9781484257296

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While Robotic Process Automation (RPA) has been around for about 20 years, it has hit an inflection point because of the convergence of cloud computing, big data and AI. This book shows you how to leverage RPA effectively in your company to automate repetitive and rules-based processes, such as scheduling, inputting/transferring data, cut and paste, filling out forms, and search. Using practical aspects of implementing the technology (based on case studies and industry best practices), you’ll see how companies have been able to realize substantial ROI (Return On Investment) with their implementations, such as by lessening the need for hiring or outsourcing. By understanding the core concepts of RPA, you’ll also see that the technology significantly increases compliance – leading to fewer issues with regulations – and minimizes costly errors. RPA software revenues have recently soared by over 60 percent, which is the fastest ramp in the tech industry, and they are expected to exceed $1 billion by the end of 2019. It is generally seamless with legacy IT environments, making it easier for companies to pursue a strategy of digital transformation and can even be a gateway to AI. The Robotic Process Automation Handbook puts everything you need to know into one place to be a part of this wave. What You'll Learn Develop the right strategy and planDeal with resistance and fears from employeesTake an in-depth look at the leading RPA systems, including where they are most effective, the risks and the costsEvaluate an RPA system Who This Book Is For IT specialists and managers at mid-to-large companies