For decades, the BFSI industry has had two options for application creation: purchase pre-made apps from a third-party vendor or have professional developers and coders create and modify them from scratch. But as time goes on, low-code no-code (LCNC) development alternatives are becoming increasingly popular. The benefits of No-Code Low-Code Platforms for BFSI Industry are
Artificial intelligence (AI) workflows improve and expedite business processes, many of which are repetitive and manual. To increase productivity and efficiency, many businesses are replacing manual, human-dependent procedures with AI workflows. Automated workflows also give employees more time to work on more complicated and strategic tasks. Types of AI Workflow Automation Automated cognition To improve
Every process in the industry follows a kind of workflow to get it done effectively. But that workflow was earlier followed by a hardcore manual process which was time-consuming, more exposure to error, and a costly process. It is exactly like a giant rock standing in the way of the destination, and you have to
In the last few years, the growth and need for automation were in a boom; the increased IT requirements and low available resources made it very demanding. Ever since the pandemic happened, every business has needed to implement automation techniques to improve their workflow with available forces. Here are some workflow automation statistics that is
Imagine a world where loan approvals happen instantly, personalized financial advice streams to your phone, and complex fraud detection operates silently in the background. This isn’t science fiction—it’s the promise of automation in the Banking, Financial Services, and Insurance (BFSI) industry. But while the potential benefits are vast, navigating the automation challenges in BFSI remains
This article was first published on Customer Think. In today’s fast-paced world, automation has become a real game-changer when it comes to improving efficiency and productivity. But hold on a sec! Not all attempts at automation lead to glory. In fact, many of us, whether we’re individuals or running businesses, can make some pretty big blunders that
Workflow optimization is the application of techniques and tactics to increase the efficiency of administrative, industrial, and other processes. Before we go into workflow optimization, it’s vital to understand what a workflow is. Every company does two types of work: tasks and workflows. A task is a single assignment that an employee completes before moving on
The automation of business is pervasive. Today’s businesses cannot function without automation, whether for a particular department, task, business unit, or process. Cost savings, increased performance, and productivity are some of the advantages of automation. Automation promises significant savings in terms of cost, quality, and speed, but in order to realize these benefits, executive and
This was first published on Nasscom Community. In today’s fast-paced digital era, businesses and individuals are constantly seeking ways to streamline their workflows and maximize productivity. One of the most effective ways to achieve this is by harnessing the power of automation. Automation reduces manual effort and enhances accuracy, efficiency, and scalability. It allows organizations to
This article was first published on CustomerThink Automation transforms businesses by streamlining processes, improving efficiency, and reducing costs. As technology advances, there is a growing trend toward the democratization of automation. This article will explore four key drivers impacting this democratization process: democratized development, the rise of digital nomads, empowered employees, and the gig economy,