Supply chain shocks have wracked organizations across the globe, and healthcare and life sciences companies aren’t immune. News headlines were focused on personal protective equipment (PPE) shortages early in the pandemic, and more recently hospitals have faced shortages of much-needed medical supplies like crutches, gauze, and medications.
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Compliance is a core tenet of financial services organizations’ day-to-day operations. And the stakes are high, as regulatory fines are steep and climbing. Know Your Customer (KYC) compliance is just a piece of the overall compliance puzzle—but it’s an important piece. In 2021, regulators dished out more than $1.9 billion in anti-money laundering and KYC fines.
Every business wants to mature rapidly. For software testing and QA professionals, terms such as low-code application testing, codeless tools and automation would definitely ring a bell. From a market perspective, a product perspective, and especially, a tech stack perspective, everyone knows that ensuring quality is key in software development.
Recent years have brought no shortage of change to the insurance industry. Among those changes is a rise in governance, risk, and compliance (GRC) requirements. Effective in May 2018, the General Data Protection Regulation (GDPR) became the first major regulation to focus on protecting consumer data. Its implementation coupled with a global pandemic has kickstarted a rush to enact more laws surrounding data privacy.
The move to digital technologies has been taking place at a meteoric pace. Many businesses are forced into a position, where they must either deploy new solutions they may not be ready for or risk falling behind the competition. In their efforts to rapidly improve customer experience, enhance internal processes, capitalize on market opportunities, or optimize other operational processes, they often end up taking a more makeshift approach to digital transformation.
Given the array of ongoing challenges businesses face, including those posed by hybrid work and COVID-19, business automation is more important than ever. In large organizations, many business units have long been using robotic process automation (RPA) to automate simple manual tasks such as copying and pasting data. While RPA can address local needs quickly and easily, it can’t scale to deliver the complete end-to-end automation, also called hyperautomation, that modern companies need.
