Recession-Proofing Your Workforce with Digital Workers

Recession-Proofing Your Workforce with Digital WorkersRecession-Proofing Your Workforce with Digital Workers

Recession-Proofing Your Workforce with Digital Workers

In the 2008 recession, many workers turned to self-employment as a way to maintain their income. It was the beginning of the gig economy, with companies hiring freelancers and contract workers to supplement their workforce and keep costs down.

Now, with the economy poised on the brink of another recession—a 60% likelihood according to Morgan Stanley—and with revenues down and inflation up, numerous companies are changing their approach to hiring and even reducing their workforce in some cases.

But this time around, companies have a new option when it comes to supplementing their workforce and keeping costs down—the use of digital workers.

What Are Digital Workers?

Digital workers are automated software programs that use robotic process automation (RPA), artificial intelligence (AI), and machine learning (ML) to perform repetitive tasks that normally take human workers hours to complete. The goal with digital workers is to automate end-to-end business functions in the front-office and back-office so they get done more efficiently and accurately at a lower cost.

How Digital Workers Can Help

How Digital Workers Can Help

Digital workers can do the work of human workers in a fraction of the time, without human error, either working autonomously or alongside human workers. This frees up people to focus on higher-value tasks and it makes it possible for a company to retrain their existing human workforce so they can fill other roles within the organization.

This reduces the need to hire new workers and makes it easier to keep current staff employed in other areas of the company. It also increases overall productivity and innovation, without increasing costs and the results of this approach speak for themselves. They include:

  • Avoiding the costs that come with new hires
  • Avoiding the need to layoff or furlough employees
  • Providing employees with the opportunity to grow and develop
  • Improving workplace culture
  • Streamlining day-to-day processes
  • Reducing overhead costs
  • Improving cash flow
  • Minimizing disruption to business operations
  • Increasing sustainability

Many companies are making these changes. According to the World Economic Forum, over 80% of business executives are pushing ahead of schedule with their plans to digitize work processes. In addition, 50% of employers expect to speed up the automation of at least some of the roles within their organizations.

The Time to Thrive Is Now

Instead of worrying about how to make it through the next recession, it’s time to come up with a digital strategy that will make it easy not only to survive but to thrive. Digital workers have the power to reinforce your workforce, so you can maintain operations without compromise—and without increasing costs. Instead, you will be able to do more with less and you will maintain your competitive advantage.

Take control of your workforce needs. Reach out to a Tangentia team member today and find out how we can help you recession-proof your business with digital worker technology.

Get Started on Your Automation Journey Today

Book a discovery call with a member of Tangentia’s automation team today to find out more about Digital Workers.

Tangentia Partners with Parascript to Enhance Clients’ End-to-End Automation with IDP

tangentia verified services partnerTangentia Partners with Parascript to Enhance Clients' End-to-End Automation with Intelligent Document Processing

Tangentia Partners with Parascript to Enhance Clients' End-to-End Automation with Intelligent Document Processing

TORONTO, ONTARIO, CANADA, June 20, 2022 — Tangentia, a global leader in digital transformation solutions, recently announced its partnership with Parascript, a company that has been automating processes for over 25 years. Parascript software processes over 100 billion documents every year.

This new technology partnership with Parascript will allow Tangentia to improve processing efficiency and automate tasks such as object recognition and classification, including optical character recognition and handwriting recognition, motion analysis, scene reconstruction, and image restoration. These tasks can support controlling robotized processes, navigation, event detection, organizing information, and automatic inspection. As a result, Tangentia clients can potentially save billions of dollars by reducing spending on document processing by up to 95%

Tangentia has recently announced the expansion of its North American sales and leadership team. The company has a goal of becoming the leading player in the global Intelligent Automation Market. With the technology partnership with Parascript, a company based in Colorado, US, Tangentia has a robust solution offering, especially in the Banking, Financial Services, Insurance, and Healthcare verticals.

Vijay Thomas, the CEO of Tangentia, opines, “The partnership with Parascript will open new avenues to Tangentia’s service offerings. Our customers will see the value for areas like fraud detection and handwritten document processing.”

Dr. Alexander Filatov, the CEO and President of Parascript adds, “Parascript creates best-in-class AI software that analyzes over 100 billion documents annually and automates key tasks for financial services, government agencies, and the healthcare industry through our many different machine learning techniques. By partnering with Tangentia we are able to create transcendent solutions for our clients’ needs.”

About Tangentia

Tangentia is a world-leading provider of digital transformation solutions with offices in the USA, Canada, and India. Our teams are located in 5 continents and 34+ countries, offering a “think global, act local” approach to the solutions we provide. We have built a roster of 1000+ customers in 34 countries and 13 Fortune 500 customers, 10 billion USD in SaaS transactions. Tangentia is a platinum partner of IBM and a Verified Services Partner of Automation Anywhere. In addition, other major partnerships include Microsoft, Salesforce, BluePrism, UiPath, Google AI & AWS.
Tangentia is ISO 9001:2015 and ISO/IEC 27001:2013 certified with robust and defined procedures in place to ensure all the services are delivered with quality, transparency & guaranteed information security.

About Parascript

Parascript sells not just software, but they sell actual, verifiable results that save companies over $1B annually. Customers choose Parascript when they want to use applied AI to achieve an optimized data capture solution with the highest levels of reliable automation. From the best-in-class full-page handwriting recognition and the industry’s highest-performing check data extraction to intelligent APIs that detect fraud, Parascript APIs enable businesses to focus on their core software, offloading document automation to someone you trust. Parascript has the highest quality for document automation on unstructured documents, which includes handwriting, signature verification, and financial solutions to complex problems, all of which are solved simply with Parascript automation. Parascript has over three decades of experience applying AI to solve complex problems, automating document-oriented processes that involve over 100 billion documents each year. We have automated the postal industry, commercial mailrooms, government elections, payments, and hundreds of other processes.

Get Started on Your Automation Journey Today

Book a discovery call with a member of Tangentia’s automation team today to find out more about what Intelligent Document Processing can do for you.

What Low-Code App Development Is and Why You Need It

What Low-Code App Development Is and Why You Need ItWhat Low-Code App Development Is and Why You Need It

What Low-Code App Development Is and Why You Need It

Not so long ago, the only way to develop and build an application was to write many lines of code for each app. This meant it took software developers a long time to develop apps, forcing them to focus on apps that had the biggest business impact. Fast-forward to today and we are witnessing the modernization of app development, thanks to the low-code approach.

Low-code app development is becoming increasingly popular, and according to Gartner, it will account for 65% of all app development by 2024. And it’s no wonder. The COVID-19 pandemic has increased the speed at which businesses and other organizations have had to adopt the use of mobile apps and remote technology.

What Is Low-Code App Development?

Low-code app development has completely modernized the app development process. It is a method of developing apps that requires very little code to be written from scratch. Instead, app developers using the low-code approach to app development have access to a graphic user interface that makes app development intuitive.

Enterprise-grade apps can be developed primarily through the use of a visual drag-and-drop process that requires very little hand-coding. Low-code app development also makes it possible to automate many aspects of app development, increasing the efficiency of the development process.

Why Low-Code App Development Is Necessary

Tangentia Low Code DEvelopment

There are several advantages to low-code app development that organizations can benefit from. At the core of these advantages is the fact that apps can be developed more quickly and easily than ever. Here is a closer look at how low-code app development benefits organizations:

  • People with limited coding knowledge can develop simple apps, taking some of the burden off the IT department so they can focus on more complex app development and reducing the IT backlog.
  • The development process is simplified by the ability to use drag-and-drop to create interfaces that allow for cross-platform deployment, with any code required being translated automatically so there is no need to code in various languages.
  • With existing staff being able to help with app development, organizations can reduce costs by minimizing the number of developers they need to have on staff.
  • Developers can focus more on innovation and building complex apps that will help companies meet their business objectives and retain their competitive edge.
  • Productivity will increase across teams when business teams possess the ability to develop the simple apps they need without the need to wait for developers.
  • Companies can pivot more quickly with the ability to develop and change apps more quickly, making it easier for them to keep up with changes in how employees work and how consumers interact with them.
  • The need for app maintenance is reduced with the use of standardized app components that are pre-made and pre-tested, meaning there are fewer bugs in each new app that is developed.
  • App development is democratized by flattening the learning curve for low-level app developers and non-developers when it comes to using specialized app development tools.

How Automation Can Help

Organizations of all kinds have an increasing need for apps—both customer-facing and employee-facing. By adopting a low-code app development strategy, you will simplify and revolutionize the way your organization develops the apps you need, getting the right apps in front of the right users faster than ever before.

Connect with a member of the Tangentia team today to learn more about how we can help you use low-code app development to streamline your app development process.

Get Started on Your Digital Journey Today

Book a discovery call with a member of Tangentia’s digital team today to find out more about Low Code app development.