Deploy AI and Robotic Process Automation to save costs and time, and reduce errors
Companies in several industries are reaping the benefits of the newest technologies that are revolutionizing their business – Artificial Intelligence (AI) and Robotic Process Automation (RPA)
What are Artificial Intelligence and Robotic Process Automation?
AI and RPA are a set of intelligent software technologies that are being increasingly used to take over tasks that historically have needed humans to execute. For example, an AI bot can scan through a client’s email requests to place trades and place them automatically or tee them up for review and approval by a human.
However, these new technologies are not a panacea for all situations. Some companies have not experienced immediate success – so they are taking a step back and reconsidering their strategies.
Before jumping in and deploying, or even piloting these technologies, consider partnering with a company that has the expertise to enable you to realize the benefits while avoiding the pitfalls.
The Haystream approach
While it is important to keep abreast of new technologies that can have enable business transformation, the main focus has to be on achieving positive business impact. We can help you create Centers of Excellence (COEs) to evaluate and assess new technological paradigms in a cost-effective manner that mutualizes investment in innovation.
Once there is a clearly identified benefit in implementing new technologies, our pragmatic 3-step approach reduces investment risk and focuses on delivering business outcomes in an iterative, agile manner.
Step 1: Assess, Identify and Plan
One key to success is to identify the right use case(s) to pilot. It is also important to ensure that all relevant stakeholders are aligned. We use a workshop approach to assess a set of use cases that could be used to pilot the use of AI and RPA. We also interview key stakeholders to ensure that we understand the context, the pain points, the potential value and high level. We then deliver a detailed plan to pilot this Typically, this step can be completed within 2-3 weeks.
Step 2: Build and Deploy
At this stage, we develop the pilot solution and deploy it in your environment. During this step we work closely with your users to ensure that the solution works as expected. Issues are noted and improvements are identified. Typically this step can take between 6 to 8 weeks depending on the use case(s) selected and the readiness of your organization to absorb new technology.
Step 3: Evaluate and Expand
During this phase, we evaluate the business benefit of the pilot and work closely with you to develop a strategic plan for a rollout of AI and RPA technologies within your organization. Since this is expected to be a transformational effort it will be important to get buy-in from your senior executives. In many cases, a rock solid business case will be required. Our experts can work with you and your team to ensure that the benefits are realizable in your business.
In summary, it is very likely that your organization can benefit from the latest innovations in AI and RPA. We invite you to contact us and learn more to see how the experienced professionals at Haystream can partner with you to realize these benefits while mitigating the inevitable risks involved in deploying new technologies