Business process management solutions often tout their analysis and optimization capabilities, but few provide the full set of tools needed to build a process, measure its performance, and identify and implement improvements. And when you’re looking for information on how to optimize a process, it’s easy to quickly get lost in the information-overload about the best methodologies and tools. That’s likely because the answer to process improvement isn’t straightforward.

Intelligent automation happens when robotic process automation (RPA) meets artificial intelligence (AI), bringing simple actions and cognitive tasks together for lightning-fast processing. Intelligent automation in insurance is a powerful tool that reduces both human error and the need to perform repetitive tasks manually. Imagine AI extracting data from an invoice then a bot entering that data into a software program.

In the life sciences industry, where breakthroughs in research and healthcare are fueled by data, data silos can be a big problem. Data silos might be caused by things like legacy systems, departmental divisions, disparate data formats, or lack of interoperability standards. Data silos can manifest at any point in the product lifecycle and make it hard for the right people to access and use the information they need, when they need it.

Data governance refers to the strategic management of data within an organization. It involves developing and enforcing policies, procedures, and standards to ensure data is consistently available, accurate, secure, and compliant throughout its lifecycle. At its core, data governance aims to answer questions such as.

This article covers everything about enterprise data management, including its definition, components, comparison with master data management, benefits, and best practices.

Enterprises looking to increase productivity and optimize business processes are increasingly turning to artificial intelligence (AI). AI can meet these expectations—but only with the right enabling technology. Intelligent automation at scale across the organization can offer a strategic approach to incorporating AI into complex business processes.

The potential impact of AI in banking appears boundless. A 2023 McKinsey report found that effectively incorporating generative AI tools into business operations could lead to annual operational savings ranging from $200 billion to $340 billion for the global financial services industry. These cutting-edge technologies can also enhance customer satisfaction, attract more potential customers, and improve employee experience.

Amazon Web Services (AWS) ETL refers to a cloud-based set of tools and services that help extract data from different sources, make it usable, and store it in a way that makes it easy to analyze and make decisions based on it. AWS ETL tools offer a unique advantage for businesses seeking to streamline their data processes. These tools are efficient, scalable, and adaptable, making them ideal for a wide range of industries, from healthcare and finance to retail and beyond.

A Smartsheet report found that over 40% of workers spend at least a quarter of their workweek manually extracting data. Tax specialists in many organizations spend hours or even days sorting through piles of paper or PDF documents, looking for relevant information, and entering it into spreadsheets or databases. That’s a lot of time and money wasted on a tedious and error-prone process. Fortunately, there is a better way to handle tax form data extraction.

In just a few months, enterprise AI has rapidly evolved into a strategic partner for organizations that want to stay ahead of the disruption curve. Whether enterprises are leveraging predictive analytics for strategic decision-making, using machine learning algorithms for supply chain optimization, or applying generative AI and large language models to enhance customer service, it’s clear AI will help business in many ways.