RPA IN REAL ESTATE: Here’s Why the Realty Industry Should Say ‘Yes’ to Automation!

“The ultimate luxury is being able to relax and enjoy your home,” says Jeff Lincoln.

Home – a place to resort to at the end of the day; a zone of shelter and comfort and protection that always has your back when you seek respite from your daily hustle bustle. A home is the place where you truly belong. And with the modernization and population explosion today, the sky is literally the limit for establishing homes. Purchasing a home in today’s time is probably one of the biggest challenges for families and individuals. With growing needs and demands of the generation comes an even more urgent need to design homes that cater to these demands. And that’s where the real estate industry becomes indispensable for modern society.
But let’s think about this – can the real estate personnel achieve their full potential if bogged down by rule-based tasks? We’re back with a blog; and today, let’s see how RPA can transform the real estate sector:

1. NOW DELEGATE LENGTHY RATE CONTRACT DOCUMENTATIONS TO RPA!

Rate Contract is an important documentation, especially when it comes to the real estate. But updating the Rate Contract details manually can often be time-consuming for real estate employees, as it involves monotonous data entry tasks. Allow RPA to step in and help you!
Your process bot can enter Rate Contract details including the vendor code, agreement type, purchase group details and so on and create the Rate Contract based on these details. Moreover, the bot also carries out any further updates to the Rate Contract, thus enabling the real estate to focus on its lucrative journey!

2. MATERIAL REQUISITION HAS NEVER BEEN EASIER!

Transferring of the required raw materials from storage to production involves a number of stages in between. This makes the material requisition process a rather time-consuming one. RPA can help by filling out the material requisition form with the help of key details like date of request, material description and quantity etc. which it receives by mail, typically from the operations team. It then sends out this information to the storage department, thus enabling the required raw materials to be moved from storage to production.

3. REQUIRE HELP IN RESEARCH? LOOK NO FURTHER!

The job of a consultant is quite challenging albeit interesting. Staying updated on latest trends and other relevant information often means undertaking constant research in the domain of real estate. And gathering all that data certainly ain’t a piece of cake – at least not for a human. As for your bot, that’s a different story. RPA bots can gather and consolidate relevant information from research website. It also mails the obtained information to the email addresses provided to it! Lastly, RPA ensures that data is always readily available for users to utilize in their next tasks.

4. YOUR BOT IS HERE TO SET YOUR PURCHASE ORDERS IN ORDER!

Formulating Purchase Orders for a list of items can be quite time-consuming. And with a massive number of items to be purchased on a regular basis in the construction industry, it’s literally a “tall order”. Once your RPA bot is provided with details pertaining to Rate Contract, purchase requisition, item of requisition etc., it can independently prepare your Purchase Order by filling in all the information accurately and in no time!

5. WELCOME RPA, AND ALLOW YOUR BOT TO WELCOME YOUR NEW EMPLOYEES!

Human resource is the backbone of any organization. And so, welcoming an employee on board and ensuring that the working experience is comfortable for him/her is a company’s primary responsibility. Automating the on-boarding process enables HR platforms to release modules and other aids on schedule. RPA also ensures that the information gathered during employee on-boarding stays confidential and locked in a secure virtual database.

6. TRYING TO RECONCILE WITH MONOTONOUS BANK RECONCILIATION TASKS? NOT ANYMORE!

Yes, bank reconciliation tasks can be rule-based and time-consuming. RPA to the rescue! The digital workforce can download accounts statements for bank accounts, fill up important details including cheque number and NEFT number and then validate these details to complete the reconciliation process.

CONCLUSION

That’s quite a lot, isn’t it? But this isn’t the exhaustive list! RPA can help the real estate reap benefits of leaner business processes in other tasks as well – including material code creation, internal IT processes, preparing sales tax reports and so on. So, are you ready for a promising career journey in the real estate industry? It’s time to welcome RPA!

HAVE YOU CHECKED OUT OUR OTHER “RPA IN…” BLOGS?

1. RPA in Retail
2. RPA in law
3. RPA in the hotel industry

AI IN EDUCATION: 5 Reasons Why Artificial Intelligence is the Way to Go in Education

Think of the days you were in school – a phase of learning, playing and growing that remains etched in our minds for the rest of our lives. While one often completes his/her formal education during one’s youth, can we so rigidly restrict learning and education based on one’s chronological age?
Pause your reading for a moment and look around you. Chances are you learnt something new even within this one moment of reflection! Learning is always a continuous process and education certainly extends beyond the four walls of one’s school and university. And as the world progresses and develops, it is also extremely crucial for each of us to update ourselves in accordance with the ongoing changes. This is where Artificial Intelligence steps in. As the world is increasingly transitioning into a global village, why not let AI contribute in its big little way to globalizing education and introducing innovative learning tools?
We’re back with a blog; and today, it’s time to take a look at the integral role of AI in the education sector:

1. ‘CAUSE TEACHERS ALSO NEED ASSISTANCE IN ASSESSMENTS…

A substantial amount of time is invested by teachers every semester on correcting exam papers and assigning grades. This monotonous and hectic task increases their workload. It also leaves very less time for other primary activities such as lesson planning and thinking of innovative teaching strategies. Enter AI! Yes, there may be certain limitations to the domains AI can cover to assist grading. However, grading tools including Gradoscope are now being adapted in order to help tutors and instructors with grading exams and even homework on the AI platform. Moreover, it also ensures that students receive their results faster and with increased accuracy. Gradecam is another platform that can be used by students to simply write down answers to multiple-choice questions. Following this, the technology compares the student’s answer to the correct one provided in the answer key and assigns grades accordingly.

2. THE ADMISSION PROCEDURE IS AS TIME-CONSUMING AS IT’S CRUCIAL!

Every academic year, the admission procedures are nothing short of an elaborate ceremony for schools and universities across the globe. Whether it is enrolling new students on board or promoting existing students to higher grades, the process is definitely time-consuming and often repetitive. With AI, bots can easily carry out tabulation of admission data such as student details and grades. This frees the non-teaching staff of schools and universities from engaging in monotonous processes.

3. SMART LESSONS ON SMARTPHONES – FOR SMART LEARNING!

Smart is the new cool today, whether it’s phones or learning techniques. While hard-work and determination are still extremely relevant and important virtues, working smart is also a significant attribute. And that’s where AI contributes to ensure a smart learning environment for all learners!
Traditional classrooms often tend to uphold the notion that all pupils belonging to a certain grade or level possess more or less the same grasping and comprehension levels. However, every individual is a different entity, independent of his/her educational level. And education, as a powerful medium of imparting knowledge and learning, must realize this fact.
With AI-powered educational apps, it is possible for tutors to look beyond the mid-point of the ‘normal distribution curve’ and instead offer customized recommendation to each student. Tutors can also consider learning preferences of individual students. Based on this, they can adapt to varying techniques such as flashcards, audios etc. Such AI apps can also provide quick study and revision material and last minute exam prep notes to students at the click of a button!

4. NOW APPLY TECHNOLOGY TO IDENTIFY YOUR PUPIL’S GRASPING SPEED AND ACADEMIC PERFORMANCE…

More often than not, classrooms with large pupil strengths are unable to keep track of individual students’ performances. Some students in the classroom are quick learners who don’t require micro-management. Yet others may lag behind due to their slower processing speed and may require personalized attention. As a continuation to our previous point on smart lessons, AI can also contribute to assessing individual students’ learning speed and academic performance. Such micro-level understanding of each student’s academic status can help the tutor cater to individual pupils’ needs with ease.

5. e-LEARNING: YOUR ‘WINDOW’ TO THE WORLD!

Yeah, we already gave you a lengthy heads-up on how the ‘world is becoming a global village’ and so on. And in such a scenario, can the education sector stay untouched by the modernization? Certainly not! With e-learning platforms offering innovative and engaging learning techniques for learners across the globe, the world is not only a global village, but a global classroom consisting of towns, cities and villages and connecting students and teachers. We all know the buzz that platforms like Udemy and Coursera have rightly generated. There are also a number of other platforms under the hood of Learning Management System, which focus on interactive and innovative learning between learners and tutors, as well as between individual learners.

This was our list of top 5 benefits AI can bring about in the education sector. But education is not always about academics – the infrastructure in educational campuses also plays a very important role in effective learning. AI can also help with planning of expenditures during extra-curricular events. Deep learning technologies can be applied to make data-driven predictions pertaining to seating arrangements, food orders etc. This can help to reduce costs significantly. So, is AI the genie all set to take over the education industry? More importantly, will it replace humans? The answer is a ‘no’. Rather, AI only provides a platform that efficiently facilitates more human interactions. So, as long as education exists as a medium of learning, human interactions can never go out of fashion.

SOURCES
1. TeachThought
2. Forbes
3. elearning Industry

RPA IN LAW: Leveraging Automation in the Legal Industry!

“The law is the public conscience,” said Thomas Hobbes.

Imagine what would happen if there were no rules to follow, no laws to abide by, nobody to help you distinguish the wrong from the right. Would life remain the same as it is now? What would be the repercussions? This brings us to an extremely important and highly discussed terminology, ‘justice’.

It is this sense of justice that ensures every citizen’s well-being and the general welfare of the society. Whether it is cases relating to civil law – including property disputes, contract breaches, defamation etc., or criminal cases ranging from theft and robbery to violence and assault, the legal system works day in and day out to ensure that justice is meted out to the innocent and the guilty are faced with negative consequences. As long as there are individuals and societies and institutions, the legal system can never go redundant. Then, should we constrict the domain of law by redundant tasks? We’re back with a blog; and today, let’s talk about the significant role of RPA in the legal domain:

 1. PAPERWORK CAN BE A LOT OF WORK. SO LET’S WELCOME THE RPA ALTERNATIVE!

Preparing, storing and retrieving hard-copies of legal documents can be a headache for staffs from any industry. Added to this is the vast amount of information being regularly generated in legal firms and institutions, resulting in heaps of unorganized data. So come along, as RPA can help you digitize all your paperwork. Such automation can ensure that your workplace is more organized and efficient and devoid of the jargon and chaos caused due to the accumulation of papers. Have you boarded the digitization flight yet?

2. NOW, RPA CAN PROVIDE SUPPORT TO YOUR SUPPORT DEPARTMENTS…

The support departments are really the pillars of any organization – investing their time and efforts in ensuring its smooth functioning. And that’s why it’s important to realize that the support departments also require support in order to ensure professional growth and overcome stagnation. With RPA, important but repetitive business processes such as documenting data relating to on-boarding and off-boarding, tabulating accounts and invoices etc. can be automated, thus ensuring that legal firms are not bogged down by monotony.

3. THINKING ‘IN CLOUDS’ – NOW PROVIDE YOUR CLIENT ONLINE ACCESS TO IMPORTANT DOCUMENTS

It’s safe to claim that the 21st Century belongs to the online world that connects people like never before. So can the legal industry remain untouched by this digitization? It’s time to save your client from those time-consuming trips they undertake in order to sign agreements and obtain official documents. Now, with the help of cloud platforms, your clients can gain online access to these standardized documents, templates etc. and customize them as per their requirements!

4. OBTAIN SUFFICIENT INFORMATION AND BUILD A STRONG CASE FOUNDATION WITH RPA!

Building a strong case is definitely not a piece of cake. It involves extensive research, as well as collecting and documenting evidences and incorporating any other important details. A lot of times, lawyers face many challenges in gathering such extensive information and extracting the relevant data from the massive chunk. The law clerks often perform these segregation tasks. With RPA, one can segregate relevant information and store the data efficiently. Such data management through RPA can simplify the research process and eliminate monotony.

5. ORGANIZE YOUR CLIENT RISK ASSESSMENT TODAY!

Hang on…your bot’s role doesn’t end with gathering of information. RPA can also help you with client risk assessment – an extremely important albeit tedious task. Bots can organize important client information such as the products or services the client party deals with, records of previous associations of the client with the firm etc. This ensures that client data is stored efficiently and is easily available.

Ensuring that the innocent get justice and the guilty meet the consequences for their actions is a challenging task in itself. So, why overburden this extremely significant domain of law with unproductive, labour-intensive tasks? Let’s help the legal domain ascend to new levels!

SOURCES:
1. Asia Law Portal
2. Analytics Insight

HERE’S WHY THE TRAVEL AND TOURISM SECTOR SHOULD OPT FOR RPA!

“If we were meant to stay in one place, we’d have roots instead of feet,” said Rachel Wolchin.

As the world spreads its vast expanse before us, the sky is really the limit when it comes to travelling. Owing to this tremendous diversity, it seems quite an idea to leave our mundane existence behind and retreat on travel sprees every once in a while – ‘detoxing’ from the stress levied on us by our otherwise fast-paced lives.

While this idea certainly sounds exciting, there are certain industries that exert tremendous efforts to ensure that our travel plans are a resounding success. Last time, we spoke about one of these industries – namely, hospitality. We shared with you some of the ways in which RPA and AI can help this industry ascend in its journey by doing away with repetitive and rule-based tasks. We’re back with a blog; and this time, let’s look at some ways in which RPA can help the broader domain of travel and tourism:

1. DIFFICULTIES IN REGULATING THE REGULATORY COMPLIANCE? ALLOW RPA TO STEP IN!

As more and more previously untouched places are now being explored, it is also very important for any nation to ensure the safety and security of its citizens, and make sure that its tourists comply with the requirements pertaining to the same. However, organizing and maintaining a systematic record of thousands of tourists can become cumbersome and time-consuming. While it is natural for humans to commit errors, it is not advisable to risk security by not keeping track of the validity statuses of passports, visas and other legal documents. That’s where RPA steps in. With automation, it is now possible for software bots to organize all security-related documents and information. Moreover, this stored data is also easily accessible and can be easily updated in case of any changes in regulations. Why worry, when your software bots can act as your guards and ensure security?

2. DO WE HAVE AN EFFICIENT PROCESS TO PROCESS THOSE PAYMENTS?

With the expansion of any industry comes the massive responsibility of processing payments and orders at a large scale. While this process is important in any domain, it can become very tedious for employees to carry out the processing. Allow RPA to run its magic wand over this business process and ensure an error-free processing of your payments and orders!

3. MEET YOUR AWESOME CHATBOT BUDDIES, AGAIN!

Chatbots or virtual assistants represent today’s intelligent and efficient digital world. As in many other domains, they play an extremely important role in the travel industry, too. Today, with several travel websites and online booking portals, not only the ease of travel by itself, but also the process of  planning and organizing of the trips has become truly efficient and unbelievably quick. Now, with virtual assistants entering the picture, you can now receive suggestions pertaining to the best plans and modes of travel right at your fingertips. Plus, these virtual assistants also come with exciting features such as the sentiment analyzer, which identifies the customer’s emotional states based on their calls or messages, and intimates the customer care department accordingly.

Wait…that’s not it! Virtual assistants are also capable of much more. Take Hello Hipmunk for example – the official smartie virtual assistant of Hipmunk, the reputed travel website. Try adding Hello Hipmunk on CC in your emails concerning travel, and sit back as this virtual assistant derives all the key details about your excursion and provides you with relevant suggestions!

4. UPDATING PNR STATUS HAS NEVER BEEN EASIER!

Passenger Name Record or PNR is one of the most important documentations in the domain of travel and transport. It is stored in a repository called Computer Reservation System (CRS). It consists of important passenger details including his/her name and contact and ticket details. With thousands of passengers booking their tickets to different locations on a daily basis, it becomes very time-consuming for the staff at the back-end to document such data. And so, RPA enters the picture to help out. Software bots can enter and store the PNR information of more number of passengers in a day than humans manually can. The bot can also easily update any changes in this information. What’s more, automation makes this process quicker and error-free!

5. CANCELLATIONS CANNOT BE AVOIDED, BUT MONOTONY CAN!

Plans change, unexpected events occur, change is the only constant. Okay…the bottom line is that ticket cancellations are bound to happen. And on a daily basis, they happen in large numbers, especially in airways and railways. Manually documenting these cancellations can be unproductive for the staff to whom this task has been assigned. You guessed it…RPA is our solution! Process bots can easily update ticket cancellations on the system and automatically declare the vacancy of these seats in the transport. Automation software can also carry out refund transactions efficiently.

Research has proven that travel leads to a number of health benefits, including lowered stress levels and reduced risk of heart disease. However, without proper amenities, the travel experience can turn out to be disastrous. So, we owe it to the travel industry to help it get rid of monotony and ascend in its journey. Let’s welcome automation today!

Sources:

  1. UiPath
  2. NIIT Technologies
  3. WNS

RPA IN RETAIL: The Integral Role of Automation in the Retail Sector

Charles Dunstone once said: “The future of retail is the integration of internet and digital services with the retail network.”

The retail industry is growing and expanding globally at a rapid rate today. With increasing demand comes increased supply; and as a result, our online world is now brimming with retail websites for consumers across the world. One of the major aims of today’s retail industry is to attain global reach and satisfy the growing needs and demands of modern consumers. And like every other constantly expanding sector, the burden of monotonous and rule-based tasks also needs to be taken off the able shoulders of the retail industry. Enter, RPA.
You can check out our earlier blogs on the role of RPA in the related domains of supply chain and manufacturing. So, right now, we’re back with a blog; and today, let’s look at some of the processes that the retail sector can automate:

1. TOO MANY ‘RETURNS’ OF THE DAY?

All of us, at some point or the other, have been dissatisfied with the product purchased and returned it to the retail store with the demand for a refund. But have you wondered what processes take place on the other side? The lengthy process of processing returns can not only be extremely hectic, but also typically incur costs to the company. No, that doesn’t mean we stop returning products to the retail stores. It just means it’s time to bring in RPA! RPA not only registers all the returns effectively, but also enters the changes in the inventory database without any errors and in record time.

2. ENTERPRISE RESOURCE PLANNING HAS NEVER BEEN EASIER!

Without a doubt, ERP is one of the most important aspects of the retail sector. Consisting of a number of tasks ranging from billing and keeping track of price fluctuations to developing and organizing account payables and other reports, the employees working in this department have their plates full. So why not assign some of these processes to our champ bots? RPA can automate all of these monotonous processes, in order to pave way for increased efficiency and employee resource utilization.

3. WHICH PRODUCT GOES WHERE? REARRANGING THE ONLINE SHELVES…

Yes, you read right – ‘online shelves.’ When one opens an online retail website, it’s usually a list of broad categories we look for before we take our pick from a variety of related products. While this categorization makes life easier for consumers, it can be a tedious and time-consuming task at the backend. And installing a software bot ensures that this task is performed efficiently and quickly, relieving employees of monotonous manual work!

4. “YOUR CUSTOMERS ARE MY PRIMARY CONCERN,” SAYS YOUR PROCESS BOT

The customer is not only the ultimate goal of the entire retail process, but also a means of continuing successful business. And so, it follows that customer care is an extremely integral aspect of any such sector. While customer care requires a sensitive approach and cannot be totally governed by software bots, one can automate a number of rule-based processes even within this area – including enabling real-time product tracking, customized replies on online retail portals, and installing chatbots for answering basic customer queries.

5. IS THERE ANY DEMAND FOR THE PRODUCT I SUPPLY?

Demand is to supply as fuel to a car – one cannot function without the other. And so, it is extremely important that the demand and supply dynamics be carefully studied and analyzed in order to understand consumer preferences and then decide on the supply to be produced accordingly. However, this process also involves a number of tedious and time-consuming tasks, including gathering and organizing information, considering exceptions and carrying out simulations. All of these tasks can bog down an employee and impede growth. With RPA, all of these tasks can be automated in order to pave way to increased productivity and prevent stagnation.

A recent report by UiPath revealed the rising significance of RPA in the retail world. As per the report, automation is extremely beneficial to retailers at three different levels –
a) Back-office tasks, including bill-checking, payments and invoices;
b) Front-office tasks in areas including HR and legal, as well as chat-bot and other customer-care facilities; and
c) Shop-floor tasks such as trade promotions and optimization of the workforce.

While a number of veteran retailers are still skeptical about the constantly fluctuating nature of the digital revolution, it is important to embrace the world of RPA alongside the human workforce in order to ensure significant leaps in retail in terms of cost reduction, increased productivity and speeding up of processes.

 

Sources:
1. UiPath
2. Unlock Insights

RPA IN FINANCE: The Integral Role of Automation in the Finance Sector

“Money is not the only answer, but it makes a difference,” says Barack Obama.

From times of barter system to gold and silver and copper coins being traded, the world is now ascending from the physical form of currency (i.e. notes and coins) to digitized modes of transaction. With the advent of online payment, the idea of money is not necessarily tangible anymore. Thus, it follows that the finance sector is also ascending in its attempt to catch up with the ever-growing demands.
So, what should prevent the finance sector from pursuing its relentless flight?

In today’s world, there is no place for monotony and repetition to seep into the day-to-day business processes of any domain. But it is unfortunate that a number of rule-based tasks continue to be performed manually in most of these sectors. Finance is no different.
In our previous blog, we spoke about the integral role of RPA in insurance. We’re back with a blog, and today, let’s look at RPA in the domain of finance:

1. TIRED OF INVOICE? MAKE THE RPA CHOICE!

Manually processing different customer invoices and indexing each of them can be very time-consuming and tedious. Moreover, it is also extremely monotonous. It is here that RPA can step in and automate the entire invoice process. Software bots can now perform invoicing to perfection. They can carry out tasks such as organizing the gathered information, placing the same in ERP templates and sending out confirmations.

2. YOUR BOT ‘KNOWS YOUR CUSTOMER’

The Know-Your-Customer procedure helps the company verify the customer’s basic background. However, the lengthy process – which consists of steps such as data collection, identifying risk factors and Enhanced Due Diligence – can take up precious time and effort. RPA can bring about a change in the KYC processes. With the help of the ‘KYC Utilities’ technology, customer information can be easily gathered, verified and updated in the existing CRM systems, thus reducing human intervention in the process.

3. ACCOUNTS PAYABLE “AUTOMATABLE!”

Since time immemorial, accountants have been performing the monotonous task of maintaining “accounts payable” records. Automating the processes in the accounts sector can bring about considerable reform in business performance and enable employees to think about the bigger business challenges and commitments.

4. ARE YOU PAYING THE PRICE FOR UNPREDICTABLE MARKET PRICES?

The global market is largely an unpredictable place. So, it is important to ensure that one is up to date with the latest trends in the rise and fall of product prices. Thus, financial companies need to work closely with suppliers and compare product prices. However, this ‘comparison circus’ can often become quite hectic. Allowing RPA to take over can result in accurate results in much lesser time!

CONCLUSION

While money cannot buy everything, it is difficult to imagine life without finance. Money acts as a strong pillar that ensures security and system in the world. And so, RPA seeks to take over the unproductive, rule-based financial process, so that the finance sector can continue to perform optimally.

RPA IN SUPPLY CHAIN: Is Automation the Next Big Thing in the Supply Chain Industry?

“Supply always comes on the heels of demand,” said Robert Collier.

It’s no secret that goods and services offered in the global market are what enable our day-to-day functioning. From grocery and furniture to technical equipment and professional services, the interplay of demand and supply prevails at every level. While availing of the products and services offered, one seldom considers the tedious and lengthy supply process involved in fulfilling customer demands. While the basic structure of the closely integrated supply chain remains the same, the process has also gone through a number of changes over the span of the past century, owing to large-scale technical advancements. In such a scenario, should rule-based supply chain tasks such as payment processing, barcode verification and transportation, hold the supply industry back?

We’re back with a blog, and today, let’s look at some ways in which RPA can transform the face of the supply chain industry:

1.FROM SHIPS, TO AIRPLANES…AND MANUAL TRACKING TO AUTOMATION!

When the process of shipping has become so much easier, why should shipment tracking continue to be old-school? It’s not uncommon for customers to demand constant updates on the whereabouts of their shipped or to-be-shipped products. However, one seldom considers the monotony involved on the other side of the communication process. In order to track the shipping status of a product, the employee manually checks the request mails and enters each tracking code into the ERP software; and then reports back to the concerned customer with the shipping status. Enter, the age of RPA, where your process bot not only satisfies the customer by providing the accurate shipping status, but also relieves the overworked employee and paves way for more productive activities.

2.“YOUR ORDER IS BEING PROCESSED…” BY A HUMAN?

With the advent of online retail websites and virtual, efficient modes of transaction, placing orders has become extremely customer-friendly. However, it is also important to ensure that this ease of transaction holds good at both ends of the business. While a lot of leading retailers have managed to install relevant software to process and confirm orders, it is unfortunate that some of them continue to adhere to age-old manual transaction systems. With RPA, retailers can automate a host of extremely repetitive transaction-related processes! These include processing orders, sending confirmation mails/messages, and back-office tasks such as data entry and certain customer-service processes.

3. COMMUNICATION IS THE KEY – BUT WHY SHOULD MONOTONY BE THE LOCK?

Communication is an inseparable aspect of business. However, certain aspects of professional communication, such as sending automated emails and messages, can be repetitive and monotonous. And so, automating these processes can relieve the employees of manually sending out the same communication to a hundred different customers; and instead, focus on enhancing their communication skills in order to uplift their business.

4. NECESSITY IS THE MOTHER OF INVENTION…BUT MONOTONY IS THE BARRIER TO INTERVENTION

Throughout history, innumerable inventions and discoveries have emerged owing to the ever-growing demands of the human race. As a result, we have been able to progress to unprecedented heights, and achieve seemingly impossible endeavours. With invention, it is also important to keep track of the manufacturing process in order to ensure that there is enough supply in proportion to the demand. RPA helps employees by alerting retailers when the stock for a particular product diminishes. In this way, RPA has made the inventory management domain extremely efficient and profitable.

5. THE ‘DEMAND-SUPPLY’ DYNAMICS…

Needless to say, supply of any product or service is directly proportional to its demand. Thus, it follows that for any retailer, it is of paramount importance to possess a thorough understanding of the market, along with the latest trends in consumer demands. The collection of data for this process can be tedious and time-consuming; and thus, tends to bog down retailers with monotonous tasks. Advancements in data science and machine learning have improved this situation to a great extent, by predicting consumption patterns of customers, and accordingly providing relevant recommendations pertaining to the same. Thus, retailers now typically spend much lesser time in deciphering consumer patterns and making predictions.

6. NOW, SUPPLY CAN BE DRIVEN BY SELF-DRIVING VEHICLES!

Last, but not the least, RPA can do wonders in product transportation. From transporting raw materials from one industry to another, to delivering the finished products to the market or directly to the customer, the transport system literally forms the backbone of the supply chain. However, the drivers of these vehicles are often subjected to long hours of travel, often without any respite. Self-driving vehicles can ensure efficient supply of the products, while also eliminating the hectic schedules of those involved in the process.
Besides the above listed processes, RPA and AI can also bring about a world of change in the supply chain in terms of automating a host of other business processes, including vendor management, supplier performance management, logistics operations, distribution and sourcing.

As long as there is demand, there will be supply. And this permanence of the supply industry makes it all the more a good candidate for RPA.

Sources:
1. UiPath
2. Maruti Tech

RPA TRAINING: IN A NUTSHELL

John F. Kennedy rightly stated: “The human mind is our fundamental resource.”

However, what happens when the limitless, dynamic capabilities of the human mind are confined to repetitive, static and rule-based tasks?

The modern-day technological revolution has brought about significant advancement at various levels, giving rise to a much more efficient world. But…hang on. Is it really that hunky-dory?
If technology is to continue to function at an optimal level, it is extremely essential to bring about a transformation in the way we utilize our human resources. Let’s not forget that it is our human intellect that has brought about this technological revolution in the first place! And that’s exactly why it’s important to eliminate those vacancies for rule-based and monotonous tasks, and pave way for our software robots to take over.

We’re back with a blog, and today, let’s discuss, in depth, the need for our current working generation to shed certain stagnant practices, and re-skill itself to contribute to a more efficient and automated world. But…wait. In case you haven’t checked our earlier blogs on RPA Foundation and RPA Advanced certification courses, you can check these out to establish the context. And now, let’s carry on:

1.OKAY GREAT. BUT HOW WILL I BENEFIT AT WORK WITH THE ADVENT OF AUTOMATION?

Contrary to popular belief, RPA doesn’t take away your job. Rather, it replenishes various organizational sectors with increased efficiency, and paves way for more intellectually challenging jobs to be brought to the table. Here are some benefits that you, as an employee, can avail of by adapting to RPA:

• As per Statista reports, the RPA industry will be worth $3.1 billion by 2019, and $4.9 billion by 2020.
• According to Automation Anywhere, 75-375 million people will re-skill themselves to be employed in the RPA sector.
• Automation Anywhere reports also suggest that 52% experts agree that RPA will create more jobs by 2025.
• In Europe, significant RPA growth is expected in the domains of manufacturing and logistics.
• As per Transparency Market Research, RPA is expected to experience a worldwide annual growth rate of 60.5% by 2020.
• The RPA industry is expected to pave way for nearly 2 lakh jobs in India by 2021 (source: Economic Times)

2.BUT…WHERE CAN I LEARN AUTOMATION?

Hello, there! You’ve come to the right place. At XLNC Academy, we offer you extensive RPA Foundation and Advanced training in partnership with Automation Anywhere. Are you a beginner about to take baby steps into the RPA world? The RPA Foundation course can usher you in with ease.
Are you an RPA professional looking for career advancement and better salary prospects? Then the RPA Advanced course can take care of the rest.
Here’s a recap of the trademark features of our RPA courses:

• 3 days’ courses
• Over 20 modules per course
• 21 hours’ instructor-led online live training
• Tailor-made foundation course for beginners
• Easy finance options (EMI/cash-wallets)
• Post-course support
• Trainers with industry experience
• 1-year free access to 80+ courses, including Six Sigma, Big Data and more
• World-class curriculum
• Certification by Automation Anywhere upon completion of the Advanced course
• Guaranteed internship on passing the Advanced course*
• Opportunity to work with XLNC*

*Conditions Apply

3.“SOUNDS GOOD! MAY I KNOW A LITTLE MORE ABOUT YOUR ACADEMY?”

By all means! Since its inception, XLNC Academy International Pvt. Ltd. has been dedicated to providing highly specialized online training and educational courses, including Lean Six Sigma, Prince-2, Big Data, Robotic Process Automation etc., that helps improvise business processes and strengthen the workforce. As a premier training institute, XLNC Academy ranks among the top 10 Asian training institutes, offering over 50 international certification courses across the globe with the help of various media, including e-learning, online virtual training and traditional classroom training.
Here are some of our unique accomplishments:

• It’s official! – We’re official implementation and training partners with Automation Anywhere.
• Take your pick – We administer more than 113 classroom and online live training programs.
• XLNC worldwide – Our training programs have been internationally accredited.
• Top 10! – We’re amongst CIO’s list of top 10 automation companies in the world.
• Centre of ‘XLNC’ – Our Centre of Excellence has been endorsed by Automation Anywhere.

So are you ready for an enriching and elevating 2019? Then what are you waiting for?
To enroll for our courses, visit us here:
1. RPA Foundation
2. RPA Advanced
Or, call us toll-free on 1800-212-9562

RPA FOUNDATION CERTIFICATION: Here’s Everything You Need to Know About our RPA Foundation Training Course

Robotic Process Automation is the new buzzword in town. A number of high-end companies are looking to adopt software bots to perform repetitive manual tasks that prevent vertical mobility. According to McKinsey Global Institute, 75-375 million people will reskill themselves to be employed in the RPA sector by 2030.
Thus, it follows that possessing sound knowledge of automation and process bots can open up a whole new world of opportunities for the learners with respect to better salary prospects and a promising career. What’s more, the learner also gets officially certified by the automation software giant Automation Anywhere at the end of the RPA Advanced certification course!

1. “BUT…HANG ON. THIS IS THE FIRST TIME I’M HEARING THIS TERM ‘RPA’…” – REST ASSURED!

The RPA Foundation Training course is a preliminary course on Robotic Process automation. This course seeks to set up a strong foundation of RPA, and helps to clarify basic RPA concepts. By the end of the course, even total beginners in the field of RPA will have a fairly detailed understanding of the field of RPA; and will be able to create and apply process bots with ease. Moreover, successful completion of the course ensures the learner’s eligibility for the Automation Anywhere certified advanced RPA training course.

2. SO ARE THERE ANY PREREQUISITES TO TAKING UP THESE COURSES?

The RPA Foundation Certification course is open for persons hailing from any industry or educational background. By the end of the course, even RPA beginners will have sufficient knowledge to build a basic bot.
All you need is a keen interest in the domain!

3. WHAT ARE THE FEATURES OF THESE RPA COURSES?

We understand your need to understand every aspect of the RPA course before going ahead with enrolling for the same. Here are some exclusive features of our RPA courses:

• 3 days’ course
• Over 20 modules
• Tailor-made for RPA beginners
• 21 hours’ instructor-led training
• Preparing for advanced level certification
• Easy finance options (EMI/cash-wallets)
• Post-course support
• Trainers with industry experience
• Free additional six-sigma courses
• World-class curriculum
• XLNC Academy certification

So what are you waiting for? To know more about our RPA Foundation Course (and then enroll!), visit us here!

References:
Automation Anywhere

 

DATA SCIENCE IN YOUR DAILY LIFE: There’s a data scientist behind those movie recommendations!

Do you remember the last time you watched a Netflix crime thriller movie like “The Departed”, and in turn, received recommendations for other amazing movies such as “The Godfather”? Welcome to the world of data science and Machine Learning!

In the 21st Century postmodern world, every nook and cranny of the world is in the process of becoming connected through virtual reality. CDs, DVD players and even cable television are now being considered “worn out” and “old technology” in order to pave way for more upcoming and happening ones such as Netflix, Prime and YouTube. However, what’s even more upcoming is that this technology seems to understand our unique preferences. Not only, this, it also suggests other relevant TV shows and web series based on one’s viewing habits. The same applies to online shopping as well. It may have happened scores of times that Amazon suggested other cool Apple products based on your previous iPhone 6 purchase.

The question that now arises is how these websites can be so omniscient as to recognize multiple unique viewing and purchasing habits so efficiently and accurately. Moreover, they can even crawl the database for other similar items and present it to the respective Internet users. We’re back with a blog, and today, let’s venture into the upcoming and exciting world of data science! This domain has been popularly termed by Turing Award winner Jim Gray as “the sexiest job of the 21st Century”. Let’s have a sneak peek into the world where data scientists are busy with their numerous algorithms. These allow machines to independently carry out these prediction tasks with ease:

1. SO WHAT’S SO SCIENTIFIC IN DATA SCIENCE?

While science and technology have ensured that machines and technical equipment make our lives unbelievably efficient and quicker every single day, there is still a severe direct dependence of technological equipment on humans if the traditional sources of science and technology be relied upon alone. It is also important to ensure that technology work by itself for a major part of its functioning, instead of depending on constant human intervention. Moreover, with the inception of modern-day software and myriad online platforms to ensure that the world is well-connected, there is a massive explosion of data produced every single day. Just as it is essential to ensure less clutter and more clarity in our external worlds, the online world also needs to be maintained and de-cluttered on a regular basis.

And in order to ensure that the technology of Machine Learning and organization of data may be incorporated to software systems, it is important to move one step beyond traditional science and technology, and embrace the world of ‘data science’.
Data scientists perform a world of algorithms – incorporating scientific techniques and systems in order to organize and store massive amounts of online information. If the internet world is a cobweb of information, data scientists are the spiders – venturing through the silk-threads efficiently.

2.WHOA! SO DOES A DATA SCIENTIST PERFORM THAT HERCULEAN TASK?

The job of a data scientist is seeped into statistics and algorithms. Data scientists apply predictive modeling, machine learning and inferential statistics in the course of their work. Applying these different tools and techniques, a data scientist then traces certain unique patterns that are characteristic of specific internet users; and systematically stores this information in the database.
However, the task of a data scientist does not end here. A data scientist also uses the technology of Machine Learning, and allows your software to become independent enough to implement these algorithms effectively, so that the machines do not have to depend on humans every time such predictions need to be carried out.
And that, my friends, is the mystery behind all those Amazon and Netflix recommendations that you receive when you’re on an online shopping spree, or when you binge-watch your favourite web series on that lazy weekend!

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