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Category: Automation
CEO’s Tech Trends for 2023
Vijay Thomas
CEO’s Tech Trends for 2023
As the CEO of a rapidly growing tech enterprise, I understand the importance of staying ahead of the curve and being aware of the latest trends in order to make strategic decisions for our organization. Let's talk about the latest developments and innovations in the tech industry to look out for in 2023 to stay up to date with the latest advancements and their potential impact on various industries.
Our goal is to provide valuable insights and information that will help you stay ahead of the curve in the ever-changing tech landscape. There are several technology trends that are forecasted to continue to grow and evolve in the next few years. Some of the most significant trends include:
- Artificial Intelligence (AI) & Machine Learning (ML) – As these technologies continue to advance, we can expect to see more widespread use of AI and ML in a variety of industries, including healthcare, finance, and transportation. This will lead to more accurate predictions, improved automation, and more personalized experiences.
- 5G – The deployment of 5G networks is expected to accelerate in 2023, providing faster internet speeds and more reliable connectivity. This will enable new use cases such as autonomous vehicles, smart cities, and the Internet of Things (IoT).
- Edge Computing – With the explosion of data being generated by devices and systems, edge computing will become increasingly important to process and analyze that data in real-time. This will lead to faster and more accurate decision-making and reduce the burden on centralized data centers. Tangentia’s TiA IoT systems are continuing to form the backbone of technologies that change the way we live.
- Virtual and Augmented Reality (VR/AR) – VR (Virtual Reality) and AR technologies are expected to continue to evolve and become more mainstream. They will be used in a variety of industries, including gaming, entertainment, and education, to create more immersive and interactive experiences. Tangentia’s digital innovations team is at the forefront of augmented app design and the connected digital space.
- Quantum Computing – Quantum computing is still in its initial stages, but it is expected to become more powerful and accessible in the next few years. It will be used to solve complex problems that are currently beyond the capabilities of classical computers, such as drug discovery, weather forecasting, and financial modeling.
- Blockchain – Blockchain technology is becoming increasingly popular in industries such as finance, planning, and supply chain management. This is because of its ability to create decentralized and tamper-proof ledgers, which can be used to record transactions and other data. Learn how Tangentia is harnessing the power of the blockchain for the Autonomous Enterprise.
- Autonomous Enterprise – An autonomous enterprise is a business model that uses artificial intelligence (AI), robotic process automation (RPA), and other digital technologies to automate a wide range of business processes, from decision-making to operations. The goal of an autonomous enterprise is to become more efficient, flexible, and responsive to changing market conditions and customer needs.
One of the key components of an autonomous enterprise is the use of AI and machine learning (ML) to automate decision-making. This can include everything from analyzing data to identifying patterns and making predictions.
Another important aspect of an autonomous enterprise is the use of IoT and edge computing. This allows the autonomous enterprise to collect, process, and analyze enormous amounts of data in real time, making it possible to make decisions and take actions in near-real time. This is especially important in industries such as manufacturing, planning and transportation where rapid decision-making is crucial.
The autonomous enterprise also relies on automation and self-service capabilities, which allow it to operate with minimal human intervention. This can include automating routine tasks such as inventory management and supply chain operations, as well as providing self-service capabilities to customers, such as online ordering and account management.
An autonomous enterprise also requires a robust and secure infrastructure that can handle the large amounts of data and automation required to support it. This includes technologies such as cloud computing, which allows for scalability and flexibility, and blockchain, which provides a secure and decentralized way to store and manage data.
These are just a few examples of the technology trends that are forecasted to continue to grow and evolve in the next few years. It is important to note that technology is constantly evolving, and latest trends and developments can emerge suddenly, making it challenging to predict the exact trajectory of certain technologies.
Additionally, we are also seeing a shift towards more sustainable and environmentally-friendly technology, which is likely to become an important trend in the future. Overall, the technology industry is an exciting and dynamic field that offers many opportunities for innovation and growth.
In conclusion, technology is constantly evolving and changing the way we live and work. Keeping an eye on the latest trends and developments can help businesses and individuals stay ahead of the curve and take advantage of new opportunities. Hope this helps you on this journey of discovery and innovation in the tech industry.
Get Started on Your Autonomous Enterprise Journey Today
Book a discovery call with a member of Tangentia’s autonomous team today to find out more.
Power Automate is the future of Workflows
Power Automate is the future of Workflows
Microsoft Power Automate is a service that helps you create automated workflows between your favorite apps and services to synchronize files, get notifications, collect data, and more. Power Automate is one of the pillars of the Microsoft Power Platform.
This technology is home to low-code tools that span across Office 365, Dynamics 365, Azure, and various standalone applications. Power Automate, specifically, is a workflow and process automation tool. It seeks to automate workflows with an API-based approach, exchange data with legacy on-premises software, and integrate AI models into your workflows with a low-code approach.
Microsoft has now acquired Softomotive, a 15-year-old robotics process automation company, to enhance Microsoft Power Automate product. According to the description on its website, Softomotive offers two products for attended use and unattended use.
Microsoft Power Automate is a low-code/no-code business process automation tool that is a component of the Microsoft Power Platform family. Microsoft wants to integrate Softomotive's products into this tool. For users of Microsoft's own “UI Flows” robotic process automation technology, WinAutomation is already incorporated and now offered without charge.
Given that Softomotive products 'WinAutomation' and 'ProcessRobot' will no longer receive support, updates, or upgrades, according to the Power Automate team, this is the perfect time to migrate to Microsoft’s suite of automation tools built into Office365. Support for WinAutomation solutions will cease on the 31st of December, 2022. Any current Softomotive customer after that date will still be able to use their software, regardless of the licensing level, but without support, upgrades, or updates. All clients who do not have a special arrangement with Softomotive are subject to this. Customers should contact their Microsoft sales representative if they have negotiated a personal contract and terms of service with Softomotive.
What advantages can Power Automate offer?
1. Streamline everyday tasks
Consider the number of emails you get every day. Consider receiving a notification when a high-priority email is received. A template can be enabled with Power Automate so that users receive only that, guaranteeing a critical email is never again missed.
2. Improve workforce productivity
Your company may save time, increase production, and operate much more successfully with the aid of Power Automate. Employees can work more effectively and boost corporate performance by automating repetitive operations that take up time during the day.
3. Automate tasks across business systems
Power Automate links and automates work across numerous programmes, both inside and outside the Microsoft eco-system. SharePoint, Power BI, Word, Outlook, Teams, Planner, Asana, MailChimp, Twitter, Adobe Sign, DocuSign, Google Drive, Eventbrite, FreshBooks, and Trello are a few examples of popular connectors.
4. Increase employee satisfaction and reduce human error
Employees are free to concentrate on the tasks that actually matter and need more attention when time-consuming, repetitive operations are automated. As a result, this may result in increased emotions of accomplishment and job satisfaction. Furthermore, automation lowers the possibility of human error, giving you peace of mind that activities are being finished at set standard.
5. Save time with decision making
You may speed up decision-making by automating procedures like approval workflows for handling time off requests, document approvals, sales prospects, etc.
6. Use predefined templates to create a flow
Although creating a flow from scratch is a possibility, Power Automate has a large library of established templates. These enable you to develop procedures around approvals, notifications, productivity, social media, and other topics that save time.
7. Accessible anywhere
Team members can build, execute, and monitor automated workflows even when they are not at the office thanks to the Microsoft Power Automate mobile app.
Common uses of Power Automate:
You can automate certain tasks, to achieve the following:
- Receive quick notifications of significant notifications or emails.
- Keep track of and catch up with new prospective clients
- Email attachments can be saved automatically to OneDrive or SharePoint.
- Participate in social media. For instance, you can receive a message if a tweet with a particular keyword was retweeted or if it was automatically tweeted or published on Facebook.
- Automate approval procedures for things like time-off requests and documents. Once the approval is finished, employees can then be informed via Teams.
- Receive push notifications on your phone, such as when your employer sends you an email.
- Maintain awareness of fresh Dynamics 365 Opportunities.
- When a Power BI alert is triggered, receive an email. Examples of this include alerting the sales managers when ten or more prospects haven't had updates in more than two weeks, or sending the support team a heads-up when the incident volume is beyond 100.
For Microsoft consumers, this acquisition brings up options like
Customers get more options for building workflows in Power Automate by delivering a full low-code desktop automation solution with WinAutomation. Anyone can now create RPA bots using our current browser-based writing tool or a brand-new desktop application using WinAutomation.
Increasing the available UI automation drivers for popular apps and services In an effort to deliver the most comprehensive set of RPA capabilities on a single platform, Microsoft is now enhancing the desktop automation experience by integrating a wide range of connectors and apps from Softomotive, including SAP, legacy terminal screens, Java, Citrix, and more.
Enabling multitasking and parallel execution – Customers can now run several processes and automations concurrently on the same computer to decrease latency and boost the effectiveness of their bots. This extends existing Power Automate API automation's tremendous scale to UI automation.
Offering hundreds of extra features – To enable low-code bot development, we are bringing our customers even more Softomotive innovation developed over the previous 15 years.
Why Tangentia for your Power Automate implementation?
Tangentia is a certified RPA consultant that can help your organization develop robust RPA solutions using Microsoft Power Automate technology. Our team of certified RPA developers can help you implement and integrate Microsoft Power Automate (formerly WinAutomation) automation technologies and get the most out of Microsoft Power Automate’s automation tools for your business.
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.
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Recession-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
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 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.
Monthly Tangentia Byte May 2022
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Women in Tech: Boosting Innovation and Profitability
Women in Tech: Boosting Innovation and Profitability
What is the ADE framework?
If companies are to thrive amid the rapid transformation we continue to experience, they must reorient the relationships between society, government, and the way we do business. The ability to adapt to these changes, increase investment in digital transformation, and evolve to new business models will enable companies to better prepare for a future of growth.
The Autonomous Digital Enterprise is the framework for the successful future enterprise. It’s a digital-first business with distinct tech tenets and operating model characteristics that support transformation through actionable insights, business agility, and customer centricity.
Tech tenets
Leveraging and optimizing technology is key to ADE evolution. We’ve identified five technology tenets where an ADE should dedicate its efforts and investments by developing skills and curating solutions and tools for maximum impact. Coupled with the operating models listed below, these technology tenets represent the focus for successful outcomes of an ADE.
Transcendent customer experience
Deliver an omnichannel, multimodal, cloud-first experience powered by AI that:
- Gives customers and employees what they need by making technology feel more human
- Enables rich do-it-yourself experiences backed by human expertise
- Recognizes any device as a channel for interaction
- Leverages analytics and orchestration for a frictionless experience
Automation everywhere
Embrace new and emerging technologies and harness explosive data growth to drive highly automated business processes that are orchestrated, controlled, and executed by software. In an ADE, automation is a complementary business function that augments human effort. By exploiting automation across the datacenter and to the edge, organizations can:
- Execute with efficiency and scale
- Free up employees from mundane tasks
- Lower costs while improving customer interaction
Enterprise devops
Adopt and develop DevOps processes, tools, skills, teams, and leadership across software initiatives and existing portfolios to:
- Drive business agility, enable innovation, and delight customers
- Optimize for rapid continuous delivery of applications and services
- Embrace cultural and behavioral change to create a frictionless environment for success
- Propel security initiatives (DevSecOps) and data pipeline automation (DataOps)
Data-driven business
Create value from and monetize assets by making data central to the business, prioritizing robust analytics capabilities, and supporting a systematic approach to data strategy, architecture, operations, and execution. A data-centric mindset will allow businesses to:
- Extract enterprise-wide data, including IoT, social media, and customer engagement systems
- Employ artificial intelligence (AI) and machine learning (ML) to optimize, improve, guide, and execute actions
- Monetize data assets with high-value business use cases
Adaptive cybersecurity
Manage the growing risk landscape that has far exceeded the capacity for manual human intervention by automatically and programmatically mitigating new and evolving threats across the digital landscape:
- Extract enterprise-wide data, including IoT, social media, and customer engagement systems
- Employ artificial intelligence (AI) and machine learning (ML) to optimize, improve, guide, and execute actions
- Monetize data assets with high-value business use cases
It’s Time to See What AI Can Do for Your Business
Reach out to the Tangentia team to learn more about how TiA Core AI can help you combine the capabilities of AI with the humanity of your workforce.
Contact the Tangentia team today.
Why Tangentia?
Tangentia is a leader in AI technology. Learn the advantages of working with us.
Easy Integration
Full and seamless integration of our solutions with your systems ensures effortless adoption and smooth operation.
24/7 Support
Our offices in Canada, the United States, and India, allow us to offer you around-the-clock support via phone or email to keep your systems running smoothly.
Competitive Edge
We are a leader in helping companies maintain their competitive edge with the latest in intelligent technology tailored to their specific needs.
