I am a marketing intern at Valuefirst Digital Media. I write blogs on AI, Machine Learning, Chatbots, Automation etc for House of Bots. ...

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I am a marketing intern at Valuefirst Digital Media. I write blogs on AI, Machine Learning, Chatbots, Automation etc for House of Bots.

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Technology & Cognitive Automation

By shiwaneeg |Email | Mar 1, 2018 | 12099 Views

Automation has been used to build anything that requires repetitive manual tasks. Automating mechanical processes allow people to concentrate on more complex and creative tasks that machines can't easily handle. 

Organizations today seek innovative options that streamline tasks and increases efficiency in every industry possible. Technologies like cognitive automation and Artificial Intelligence (AI) are creating new efficiencies and improving quality. Implementing cognitive automation can help in replicating human tasks easily and effectively in a considerable cost. Cognitive Automation pairs up with Robotic Process Automation (RPA). It automates complex judgement activities like data entry and reconciliations, even when unstructured data is prevalent. 

Cognitive automation is at the forefront of innovation that began over a century ago and it leads a new wave of technology to address the future. It enables decision support with the help of advanced decision algorithms. Cognitive automation is linked with AI, natural language processing (NLP), big data analytics and evidenced-based learning.

Businesses are turning to cognitive automation to help improve quality, scale, and speed of processes. Financial services' organization uses cognitive automation to increase profitability and reduce risk. Enterprises are beginning to employ RPA together with cognitive technologies such as speech recognition, NLP, and machine learning to automate perceptual and judgment-based tasks once reserved for humans. 

Integrating cognitive technologies and RPA is extending automation to new areas and can help companies become more efficient and agile as they move down the path of becoming fully digital businesses.

Cognitive automation creates new efficiencies and improves the quality of business at the same time. As organizations in every industry are putting cognitive automation at the core of their digital and business transformation strategies, there has been an increasing interest in even more advanced capabilities and smart tools. 

The level of business conversations has changed from efficiency-focused to intelligence-focused. Technologies have enabled cognitive automation by modeling the intelligence of humans, extending their decision-making models and refining them. 

Source: HOB