lavinaagarwal

Currently a Marketing summer intern at ValueFirst Digital Media Pvt. Ltd ...

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Currently a Marketing summer intern at ValueFirst Digital Media Pvt. Ltd

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Automation and its impact on the global platform

By lavinaagarwal |Email | Apr 25, 2018 | 5124 Views

A study points to several countries that are doing well in one category of preparation but not others. It also varies by region.  None of the states are fully prepared for the impact of robots powered by artificial intelligence. But South Korea, Singapore and Germany are the most prepared countries in the world in 2018.

For example, Canada came in fifth for reforms to educational curriculum, though its efforts in the province of Ontario are further along than those of its federal government, the reports authors wrote.
But South Korea, Singapore and Germany are the most prepared countries in the world in 2018. 

They can also build in an advantage by fostering the creation of AI backed technology on their home turf. 
As noted in Tech Republic, the study points to several countries that are doing well in one category of preparation but not others. It also varies by region. For example, Canada came in fifth for reforms to educational curriculum, though its efforts in the province of Ontario are further along than those of its federal government, the report s authors wrote.

Even though the future of automated intelligence is hard to predict, countries everywhere need to try to anticipate it, the report s authors wrote. 83 percent of procurement leaders in a survey by SAP Ariba   digital transformation will be impactful to supply chains in 2018, only 5 percent   they already have highly automated processes. 

Internet of Things IoT is the most commonly used technology, with robotic process automation RPA a close second. Technologies such as block chain and 3 D printing are currently less commonly used in procurement. Defining that value proposition can then help determine priorities and which technologies will best serve a particular company. One in five survey respondents plan to use RPA in the future, and 17 percent   they would use artificial intelligence.

Among the 450 respondents, 63 percent have automation on their road map. When it comes to procurement, automation can be highly beneficial to purchase orders and invoices. Even though most companies create a purchase order electronically for example, typing it on a computer, it s often printed and then mailed, faxed or sent by PDF. 

A better system, Vollmer, is one where the supplier receives [a purchase order] and basically can convert the information just received to create an invoice.  Once goods are received, the supplier gets paid according to terms of the contract.  Semi automation is common as procurement leaders work towards full adoption. More than half the respondents in SAP Aribas survey described their processes as somewhat automated. 

Source: HOB