Artificial intelligence (AI) has captured the collective imagination. Most news stories focus on the impact AI will have on the future and the productivity growth we might see. Yet, the rank-and-file at most companies know the challenges of truly integrating AI into their workstreams. Organizations need results now. Solving real business challenges requires combining the power of AI with human workers in a seamless workflow.
Think you’re ready to start an automation initiative at your organization? Be careful how you choose to proceed. According to an Ernst and Young study, between 30% and 50% of all robotic process automation (RPA) projects end in failure. Yikes. Are those odds you can afford to gamble on?
As automation capabilities grow, so do the related use cases. It’s not surprising that 80% of executives think automation can be applied to any business decision, according to a Gartner survey. But as implementation becomes easier and automation adoption more prevalent, your organization can quickly lose control, with too many automation projects happening in silos.
Processes are the foundation of your organization. They lay the groundwork for how your business operates, from product development and customer service to procurement and financial operations—and everything in between. Even work that isn’t formally defined in a process is likely a part of one. If you’ve ever tried to map or document a business process, you’ve probably learned that there’s no straightforward way to get it done.
Compliance is a core tenet of financial services organizations’ day-to-day operations. And the stakes are high, as regulatory fines are steep and climbing. Know Your Customer (KYC) compliance is just a piece of the overall compliance puzzle—but it’s an important piece. In 2022, global fines for failing to prevent money laundering and other financial crime surged more than 50% according to the Financial Times.
Hyperautomation refers to the use of multiple advanced automation technologies such as artificial intelligence (AI), robotic process automation (RPA), machine learning (ML), low-code, and business process management tools to accomplish end-to-end process automation. Rather than automating a single task, hyperautomation lets you automate multiple tasks within a wider process (and pass work easily between humans and digital workers).
Organizations looking to improve their bottom lines have embraced automation for decades. Simple automation has long been bringing benefits to businesses and public sector organizations alike, despite being limited to supporting small tasks and workflows.
MySQL is a great option if you are looking for a free and easy-to-use database. With Linx you can easily connect and interact with the data to; Interacting with a MySQL database with Linx is done via ODBC. Once the ODBC data source is set up, you can interact with the MySQL database using the built-in Database Plugin in Linx. This will allow you to run any query you can on MySQL.
