Rpa consulting service in cognic
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The document discusses the growing adoption of robotic process automation (RPA) and artificial intelligence technologies. It provides statistics from various sources about the projected impact and growth of RPA and AI over the next few years. Cognic offers RPA consulting services to help clients implement new automation technologies to improve business processes and increase productivity.
Rpa consulting service in cognic
- 1. RPA Consulting Services in Cognic
- 2. Industry Insight • 9 out of 10 Industries will implement Robotics Process Automation (RPA). Source: Insight Analytics • AI technologies will steal $1.2 trillion per annum from their less informed peers. Source: Forrester • AI technologies will be in almost every new software product. Source: Gartner Inc. • More than 40% of data science tasks will be automated, resulting in increased productivity and broader usage by citizen data scientists. Source: Gartner Inc. • 20% of companies will dedicate workers to monitor and guide neural networks. Source: Gartner Inc. • 50% of new data transformation flows will integrate one or more ML algorithms — resulting in erroneous interpretations of data. Source: Gartner Inc. • RPA Market will reach $2.9 billion. Source: Forrester • 30% of net new revenue growth from industry-specific solutions will include AI technology. Source: Gartner Inc. • There will be over 4 million BOTS doing office and administrative and sales and related tasks. Source: Forrester • Research also predicts that RPA bots will be able to perform tasks equal to the output of 140 million FTEs • Potential savings that companies will experience with RPA between $5 trillion to $7 trillion. Source Forrester By 2020 By 2021 By 2025
- 3. RPA – Robotic Process Automation What is Robotic Process Automation? The term “robot” is metaphorical, referring to software products which provide a generic automation capability and are configured within the end-user environment to execute manual and repetitive tasks. Robotic Process Automation (RPA) are easy to configure, require little IT expertise and can be quickly ‘trained’ and deployed to automate manual tasks. They differ from traditional software by working at the user interface level, replicating the exact actions a human user would take, in fact creating a digital workforce for you front office, back office and support functions. RPA in detail While a number of solutions exist, RPA offers a superior customer experience and dramatic error reduction, providing significant cost and efficiency benefits in short timeframes. Being relatively simple to implement, RPA can deliver benefits quickly where ROIs between 300– 700% are common. Robotic FTE's operate 24/7 and are generally 1/4 of the price of human FTE's with consistent and better quality. Clerical procedures can be automated in a matter of days, creating quick return on investment. RPA does not replace existing company software but instead RPA takes advantage of existing applications. Robotic Automation does not compete with BPMS (business process management systems) and SOA (service oriented architecture) initiatives but rather extends and complements them. As a consulting company who envisions tomorrow’s drivers while enhancing today’s reality, Cognic offers clients an reliable implementation of the new automation technology improving business processes that will make your organization more effective, and increase capacity in your teams.
- 4. RPA – Benifits The benefits of RPA solutions go beyond cost reduction and include: • Quick return of investment • Increased and consistent quality • Allows time to innovate, develop and focus on customer satisfaction • Decreased cycle times and improved throughput • Reduce errors while greatly increasing efficiency • Flexibility and scalability • Improved accuracy • Better utilization on employee know-how RPA can be used to automate processes that are: • Digital • Time critical and seasonal • Highly repetitive • Prone to error • Rule based
- 5. Assessment of RPA potential and organizational maturity • Process and IT assessment • HR assessment • Organizational assessment • Strategy assessment • Location assessment • Process development Align and develop strategy on corporate or functional level • Q&A • Outsourcing • Staff development • Roadmap (Development) • Digital strategy Deploying RPA on specified processes and/or tasks • Implement RPA test installation and validation of business case and RPA potential Implementation of RPA and continuous support and development • Vendor selection • RPA Pilot • Implement RPA • Continuous improvements of RPA • Education • Process development • IT development • Best practice RPA Assessment Strategy Proof of concept RPA Tool Selection and implementation RPA – What Cognic Can do for you
- 6. Implementation RoadMap Infrastructure Readiness Environment readiness and access checklist. Network, security and audit checklist. Request for access partner portal and required applications/systems. Sanity check for Environmental access. Discovery and Process Analysis POC Demo Detailed use case Chatbot strategy, plan & roadmap document Understanding of existing partner portal Conversation understanding Identify utterance, intent and dialog Discovering the usability and visual components for bot response Identifying the Non Functional Requirements. POC Development and Testing Bot service framework development Training Luis to identify utterance, intent and dialog etc. Chat client development Security and logging Testing Test plan, cases and execution Deployment and delivery pile line. Demo Plan & Design Project planning, Defining scope of work Designing the architecture for chat bot. Data Design Design for Multi-language Support Design of NFR. Project plan Low level design and ERD Define testing scope. 1 2 3 4 Outcome ..... ..... ..... ..... ..... G o a l G o a l G o a l G o a l G o a l ...... Outcome Outcome Outcome Sign Off and Next Step 5 Sign-off and closure. Define future roadmap, change request & service request Re-assess and Adopt continuous improvement approach Recommendations and Reusability Relative costs & Benefits Outcome *It Depends on requirements
- 7. Based on our experience, we have derived weightages for the environmental factors Note: Based on prior engagement experience, each unit translates to 25 hours of effort and the actual estimates might vary from -25% to +75%. Cat-1 Cat-2 Cat-3 Cat-4 # Processes / Application Up to 3 4 to 6 7 to 10 Over 10 # Robots / App Deploy Up to 2 2 to 5 5 - 15 > 15 # Deployment Servers 1 2 - 3 4 - 5 > 6 Processes weightage - P 2 3 4.5 6.5 Robots weightage - Q 1 1.5 2.5 4.5 Deployment Servers Weightage - R 1 1.1 1.2 1.3 Step 4: Establish PMO, Onboarding & BAU team size/structure based on the predicted effort Step 5: Finalize commercial construct, SLAs and execution duration # Processes # Robots # Servers RPA Units (P * Q * R ) Case 1 3 10 4 8.25 Case 2 10 10 5 12.375 Step 1: Determine the number of processes, robots, and servers for the current situation (two examples shown here) # Processes # Robots # Servers Case 1 3 10 4 Case 2 10 10 5 Step 2: Determine the number of RPA Units for the current environment # Processes # Robots # Servers RPA Units (P * Q * R ) Effort (hrs) Case 1 3 10 4 8.25 206.25 Case 2 10 10 5 12.37 310 Step 3: Determine the effort for the current environment Predictive Estimation Model – For high level estimates
- 8. Case Study CLIENT: Leading Infrastructure Company PROCESS: Daily Health Check of Trading Operational Management System Each cycle of verification happens during the first hour of business day. Each attempt would consume an hour time to complete the formalities required. MANUALLY PERFORMED TASKS Manual RPA Solution would be able to automate the most of the routines of daily checks. Proposed solution would be hosted in a VM and can be little or no maintenance. Automation tools: BluePrism Cognic– PROPOSED RPA SOLUTION 90% of likely reduction in manual efforts during daily morning check Greater accuracy & automated alert mechanism Quality Consistency Capability to easily handle higher volumes BENEFITS Before RPA After RPA Collate the Observations Trigger emails alerting the Accountable groups for any deviations alerting. Day starts with SOD & Email Review Verifying the Dashboard Collectors OMS GCC9 - DRP Verifying the Spoolers TACL SPOOLER Checking the Inventory current for FI, Money Market & Coupons MESSAGING25 min 25 min 25 min 25 min 25 min 25 min Day starts with SOD & Email Review Verifying the Dashboard Collectors Verifying the Spoolers Checking the Inventory current for FI, Money Market & Coupons Collate the Observations Trigger emails alerting the Accountable groups for any deviations alerting.25 min 05 min 05 min 05 min 05 min GCC9 - DRP SPOOLER MESSAGING 05 min Processing Per Minute
- 9. COGNIC SYSTEMS PVT. LTD. 1,2 DUTT RESIDENCY, OPP. RAILWAY STADIUM EMAIL: GYANENDRA@COGNICSYS.COM