The robotic process automation market has been witnessing a vast number of strategic M&As in recent years. These proactive initiatives have profitably leveraged the robotic process automation industry growth, as per experts. Citing an instance, Accenture PLC, an IT service provider, has acquired Genfour Limited, an information management service company and a global leader in the RPA and AI delivery sector, with an aim to consolidate its position in the overall robotic process automation market. Through this deal, Accenture aims to develop and apply machine learning across complicated IT processes to automate them and improve the overall operational effectiveness. The need to automate the IT services through machine learning, big data analytics and artificial intelligence will thus impel the overall RPA market share in the ensuing years.
BTerrell Group Blog
Brian Terrell visits with host Ed Kless on the Sage Advice Podcast about software automation, Artificial Intelligence, and Robotic Process Automation (RPA). The BTerrell Group assists small and midsize businesses automate internal business processes using Sage Software and automation tools, including RPA.
"I help the back offices of small and medium sizes business accomplish more work but work less," he tells Ed in this 11 minute interview. "It delights me when my clients' eyes light up when I share a faster or newer or more accurate way to help them with their finance or accounting assignments."
Nearly half (42 percent) of U.S. managers say that automation and robotics will lead to a net loss of jobs in their respective industries, compared with just 18 percent who say that automation will help to create jobs, according to a new study from MindEdge Learning.
Managers at companies that have already adopted robotics and automation, a clear majority (52 percent) expect that automation will lead to job losses.
The automotive industry has known exponential growth ever since its beginnings in the late 19th century. While in 1895 there were only four cars officially registered in the US, nine years later, in 1904, there were 121 US firms assembling and producing around 22,000 automobiles — and that was just the start. Only a few years later, in 1908, Ford's Model T was the first automobile to be mass-produced on moving assembly lines with all parts completely interchangeable.
The advent of robotic process automation (RPA) was a key milestone for the development of the automotive industry. Automation refers to the use of machines to perform tasks that had previously been undertaken by humans, which reduces the error rate and enhances the management of repeatable tasks.
I’ve been writing a lot lately about the new revenue recognition standards (created by ASC 606 and IFRS 15) companies will soon need to adopt to ensure compliance. Granted, it’s a complex and somewhat dry topic, but it’s one poised to have a tremendous impact on public and private companies alike. Since most of us aren’t accountants (full disclosure – I am, but not practicing), I thought it could be helpful to boil down the changes to the five core steps to compliance.