Intelligent Automation Week Chicago 2023: A Resounding Success for Accelirate and Industry Leaders
- Featured Insights
- June 29, 2023
Accelirate, a leading nice service provider in the intelligent automation space, recently attended Intelligent Automation Week Chicago 2023 as a sponsor.
Intelligent Automation Week Chicago 2023 took place from June 19 to 21, and brought together technology and business leaders from various industries to explore the latest trends, technologies, and strategies shaping the intelligent automation landscape.
Among the highlights of Intelligent Automation Week Chicago 2023 was a fireside chat hosted by Accelirate, featuring Ahmed Zaidi – CEO at Accelirate, Josh Reicher – Chief Digital Officer at Cenlar (the country’s largest Mortgage servicer), Armando Lambert – Head of Enterprise Optimization at Bayview Asset Management (one of the country’s largest mortgage focused asset management firms) and Zia Bhutta – Principal at ANAI Capital (an AI-focused investment fund).
Insights And Inspiration:
As the name suggests, Intelligent Automation Week Chicago 2023 was focused on Intelligent Automation, and several vendors showcased AI-based advancements to their products and services. Speakers discussed the implementation and scaling of automation programs within their organizations.
Here are some of the key takeaways from Intelligent Automation Week Chicago 2023:
- Core Robotic Process Automation (RPA) remains a powerful force with significant untapped potential. While most organizations have started and scaled automation programs, some large organizations are laggards and are starting their RPA Programs. Scaled programs continue to see significant value from their automation initiatives.
- Consumption-based model for procuring RPA Licensing is emerging to be the desired model for adopters of this technology. Key drivers for seeking this model are to avoid shelfware and to address peaks and valleys in demand. Such models allow for ramped spend allowing organizations to demonstrate value before a significant spend on software.
- The use of Generative AI, and LLMs, is being considered by most organizations. Most organizations foresee a significant uplift in productivity through this technology. Security and Governance is, however, top of mind for organizations. Enterprises are formulating policies to address these concerns. These policies are being considered as pilot implementations are being developed. This technology is evolving rapidly and proving challenging for organizations to keep up with. Ethical and legal implications of using LLMs for decision-making are also a concern, and organizations are seeking advice from internal risk and compliance teams and regulators.
- A noticeable trend towards a multi-platform approach has emerged, with automation customers increasingly considering adding additional platforms or migrating platforms. Factors driving this decision include long-term ROI, cost avoidance from extensive upgrades, scalability concerns, and improved adoption rates on alternative platforms.
Intelligent Automation Week Chicago 2023 highlighted a resounding message: Core Robotic Process Automation (RPA) remains a force to be reckoned with, offering immense untapped potential. While some organizations have already embraced and scaled their automation programs, others are just beginning their RPA journey. Those who have successfully implemented scaled programs are reaping substantial value from their automation initiatives.
To gain a comprehensive overview of the Intelligent Automation Week Chicago 2023’s sessions and connect with the key speakers, we invite you to reach out to us.
Accelirate’s team is prepared to provide you with valuable insights and guidance to accelerate your intelligent automation journey. Together, we can unlock the full potential of automation and propel your organization towards limitless growth.
Unleash the untapped potential of Core RPA and embrace a future where efficiency, innovation, and success converge. Contact us today to delve deeper into the transformative power of intelligent automation and discover how it can revolutionize your business.