Nividous Solftware Solutions
Nividous is a global software development and consulting company specializing in delivering digital process automation solutions that require deep technology knowledge, process proficiency, and domain expertise.
On-Demand Webinar on Robotic Process Automation in Insurance Industry. According to research conducted by Accenture, ‘Unleashing the potential of intelligent solutions could yield a $10- to $20-billion profit boost for the North American insurance sector.’
If we talk about Life Insurance specifically, according to KPMG, ‘India alone books about 360 million life insurance policies in a year which makes it one of the biggest markets of life insurance in the world, which is expected to increase at a CAGR of 12 to 15 percent over the next five years.’ On-Demand Webinar on Robotic Process Automation in Insurance Industry. Robotic Process Automation in Finance and Banking. Kaushal is the co-founder of Nividous and has been an evangelist for Digital Transformation using BPM and related technologies for over 20 years.
Kaushal is a consistent advocate of approaching business objectives with a holistic view of processes, platforms, and people to generate measurable business value which has enabled him to steer Nividous ahead as a leader in the IT consulting and services space. Kaushal comes to Nividous from Progress Software where he was the Vice President, South Asia and headed Field operations as well as Shared Services that included Global Professional Services and Customer Support out of India. Prior to Progress, Kaushal was with Savvion Inc, one of the principle software providers in the BPM space, where he was the Managing Director of Savvion India, a wholly owned subsidiary of Savvion and was responsible for sales, consulting and product operations. The Use of RPA Solutions in Mergers and Acquisitions. The past few years have seen a drastic increase in the number of mergers and acquisitions between companies, both domestically and globally.
With a desire to limit competition within industries and a goal to increase revenue growth, M&A activity is an increasingly attractive option. According to Mergermarket, a company specializing in analyzing mergers and acquisitions trends, “domestic M&A increased by 30.6% on YTD 2017,” and the US increased global acquisitions, “drawing in 47.5% of the global Q3 value, almost seven percentage points higher than that seen in 2017.” With companies like Amazon, Netflix, and Google expanding into various industries, businesses are looking for more opportunities to diversify and reach a broader group of consumers. While mergers and acquisitions are happening more often than before, the process companies must follow can create many challenges. The convergence of AI and RPA is enabling “Intelligent” digital workforce.
“AI Washing” – The hype and hoopla around Artificial Intelligence (AI) will make its presence felt in 2019, which Forbes suggests will “change the world.”
Forrester believes that businesses will go after AI opportunities with a more refined approach in 2019, having learned how to fail fast with AI initiatives in the last couple of years. Organizations will try to add more “intelligence” to existing automations for better data analysis and decision-making. The Emergence of an Intelligent Workforce with the Convergence of AI and RPA While Robotic Process Automation (RPA), having expected market value of $2.9 billion by 2021, is creating a lot of operational value by automating repetitive, rules-based operations, its future lies in cognitive-AI enhancement.
CX Process Platform Implementation - Nividous. Appian BPM Implementation - Nividous. Can Robotic Process Automation – RPA Tools save IT? This is the second part of two-part blog topic.
If you have not already read part 1, you can find it here. As the divide between digitally transformed companies and all others continues to widen, the gap between IT and business within those companies is often a strong corollary. Business analysts, account managers and other advocates are often the only linkages between these groups on the operational level. Technologists often do not work directly with the end users or customers for the systems they are building. Business people do not know about the tools available to help them with their job, or how to use them. Can Robotic Process Automation (RPA) save IT? Most companies are frustrated by their internal IT department.
Yes, I said it. As a former CIO/CTO, I can identify with the pressure to keep critical systems up and running while trying to deliver new projects with a barebones budget and limited headcount. Although you want to deliver breakthrough innovations that will propel your company ahead of all competitors for years to come, you must settle for limited downtime and infrequent, incremental improvements. Business leaders in your company don’t understand the intricacies of this balancing act and become frustrated by the long project backlog and the corresponding dates for delivery that are so far into the future that the requirements will certainly change before the project can be delivered.
But wait a minute, isn’t that why the Agile development process was invented? Please don’t be offended if you are one of the very rare companies that does not fit this description. I could probably come up with a few more, but you get the idea. RPA - The army of one performance managing & eliminating risk. Who is the most important person in your company: the CEO, the chairman or even the IT manager?
Today’s organization has evolved. Metrics and KPIs rule monthly objective meetings. Data shouts loudly while wordy informational updates fall on mostly deaf ears. An Eyecare Group Fastens Digital Transformation with Nividous Software Solutions. Mumbai, 22nd January 2019:
Acuity Eyecare Group Expedites Digital Transformation using Nividous Software Solution's RPA. Robotic Process Automation, RPA Solutions, RPA Bots. Acuity Eyecare Group Expedites Digital Transformation using Nividous Software Solution's RPA. BPM Solutions Support - Nividous. On demand webinar on Robotic Process Automation Technology. Make an informed decision while investing in a disruptive technology. According to David Cearley, Vice President and Gartner Fellow, “The continuing digital business evolution exploit new digital models to align more closely with the physical and digital worlds for employees, partners, and customers.”
He adds further, “Technology will be embedded in everything in the digital business of the future.” Emerging technologies have a significant potential to disrupt various industries at scale. Performance Measurement for BPM Implementation - Nividous. Robotic Process Automation - The army of one. Who is the most important person in your company: the CEO, the chairman or even the IT manager?
Today’s organization has evolved. Metrics and KPIs rule monthly objective meetings. Data shouts loudly while wordy informational updates fall on mostly deaf ears. Those employees who can produce charts, graphs and metrics – backed up by data sourced in real time are becoming the go-to resources at work. Data Officers are becoming the new hero-employees, but little thought is given to the future employee who will manage an army of robotic processes that are undertaking the tasks that simply are too important to fail. Robotic Process Automation in Manufacturing Industry. For decades, the manufacturing industry has used physical robots to assemble, test and package their products. These robots help in streamlining the assembly line but the industry still struggles to keep back-office processes fast and simple. Primarily due to unskilled labor, time-intensive processes, obsolete supply chain management systems and frequently changing regulatory requirements.
In order to overcome these pain points, manufacturing companies are turning to business process automation tools to streamline and optimize complex back-office operations such as vendor communication, inventory management, procurement, payment processing, and report generation. Business Process Analysis - Nividous. How to leverage blockchain in Bizagi Applications. Organizations have always focused on business process re-engineering to improve process efficiency and gain competitive edge. For more than a decade, BPM (Business Process Management) has been leveraged for its capabilities to bring innovations in areas such as case management, event processing, business rules, and integration mechanisms and to improve existing business processes having complex workflows.
But, these processes rely on data that floats between fragmented information systems. Moreover, creation and modification of the data in such information systems often happen outside of an organization. Enter Blockchain. Bizagi BPM Implementation - Nividous. The Growing Role of Robotic Process Automation - RPA in Life Sciences Field. Within the field of life sciences, there is a continuous call to develop new medicines at a quicker pace and lower cost. This desire to release new pharmaceuticals to the market while reducing the cost and time spent developing them has led to a rise in the use of technology in the healthcare field.
According to the Tufts Center for the Study of Drug Development, developers must improve their processes to reduce the cost and required time. Robotic Process Automation (RPA) in Life Sciences. Robotic process automation technology is the enabler of digital transformation. In today’s world, business transformation is a digital transformation and is about reimagining how businesses bring people, processes, and technology together to deliver enhanced value to their customers and maintain a competitive edge in a 24-hour global and dynamic economy. Robotic Process Automation (RPA) technology has emerged as the key enabler in the space of digital transformation. Enterprises across the globe are increasingly adopting this technology as a quick return on investment can be achieved with minimal investment and rapid timelines. According to industry analysts, Robotic Process Automation is the fastest growing digital transformation solution delivering operational agility and speed to market.
Gartner expects that the demand for RPA tools is growing at 20 to 30% every quarter.Deloitte is projecting the RPA market to become $5 billion globally by 2020, with a CAGR of over 60%. IBM BPM Platform Implementation - Nividous. Live webinar on The Fast Lane to Robotic Process Automation (RPA) Implementation. Robotic Process Automation in Manufacturing Industry. Live webinar on Robotic Process Automation in Manufacturing Industry. RPA is set to transform risk & regulatory compliance in banking and financial services. Banking and financial services organizations have started evaluating the value of robotic process automation (RPA) tools with pilots in the areas of operations, finance, or both having repetitive, time-consuming and logic-driven tasks. The Role of Robotic Process Automation in Banking and Financial Services. Technology is rapidly reshaping the way banks and financial institutions operate. Live webinar on RPA in banking and financial services.
Design. Webinar on Robotic Process Automation Technology.