How Hiscox is combining automation and AI to tackle insurance challenges
UiPath Blog
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5d ago
The insurance industry is facing significant challenges, highlighted by a $26.9 billion net underwriting loss for United States (U.S.) non-life insurers in 2022, the largest since 2011. Increasing costs and consumer pressures, marked by a surge in pandemic-induced construction costs and escalating insurance premiums impacting young adults, pose significant challenges. Issues such as climate change, cybercrime, and outdated technologies push insurers to rethink their strategies. They need transformative solutions to stay competitive in a fast-paced market. In response, many insurers are turning ..read more
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パートナー年次カンファレンス「UiPath Partner Forward 2024 Japan」開催レポート
UiPath Blog
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5d ago
2024年4月17日(水)、UiPathパートナーの年次カンファレンス「UiPath Partner Forward 2024 Japan」が開催されました。このカンファレンスでは毎年、UiPathのグローバルパートナー戦略や製品戦略のご紹介のみならず、パートナーの皆様同士のナレッジ共有・情報交換の機会として約200名のパートナー様にご参加いただきました。 第1部 パートナーナレッジシェアリング パートナー企業5社によるナレッジ共有 第1部のオープンニングセッションでは、5社のパートナー様からUiPathビジネスにかかわる取り組みや、オートメーションのナレッジについて共有されました。<br><br> 最初に登壇したのは、伊藤忠テクノソリューションズ株式会社の福永裕司氏です。伊藤忠テクノソリューションズはUiPathの日本法人設立当時から、国内第1号代理店として、UiPath のオートメーションを活用したサービスの提供を開始しています。そんな同社は、UiPath Document Understandingを活用し、見積書や請求書をシステムへ自動入力する社内事例を紹介。これらの業務にかかる年間時間を、約1万2000時間以上削減しました。<br><br> 続いて、株式会社OLDEの加藤秀和氏は「不動産仲介業務でのDocument Un ..read more
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Why context is the key to better generative AI
UiPath Blog
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2w ago
Imagine you’ve hired a Michelin star chef to cook for your dinner party. But you give them the assignment without any information about your preferences, dietary restrictions, or the occasion you're celebrating. Now, the chef might whip up something extraordinary. Or everyone might go home hungry. The same holds true for business. Your company can have the best brains in the world, but they won’t do you much good until they’ve learned the context of your business. And the same goes for generative AI (GenAI). GenAI models, such as OpenAI’s GPT series or Anthropic’s Claude, represent a powe ..read more
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Financial services can bank on the potential of generative AI and automation
UiPath Blog
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3w ago
The financial services industry has a golden opportunity to transform itself with generative AI (GenAI). The McKinsey Global Institute estimates an annual revenue increase of $200-$340 billion (equivalent to 9–15% of operating profits) for banks that leverage the technology. However, financial services organizations must surmount key challenges to fully capture the technology's potential. Data security remains an anxiety for banking leaders. They aren't sure if they can trust GenAI to handle their most important client interactions, especially under tight regulatory scrutiny. And many are also ..read more
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A quicker, cleaner path to S/4HANA migration
UiPath Blog
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3w ago
Right now, cloud is an innovation facilitator. Pretty soon, it’ll become a business necessity. According to Gartner, any enterprise looking to remain competitive by 2028 will have already made the move. The cloud, for them, will be home. For SAP® customers, the move to cloud means SAP S/4HANA. Three-quarters of them are planning to migrate over in the next five years. And with good reason. SAP S/4HANA represents a breakthrough in enterprise resource planning (ERP) performance. It’s simpler, cleaner, and faster than any SAP solution before. It builds on the tools available in older versions to ..read more
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GenAI trained for document processing: Advancing business operations at scale
UiPath Blog
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3w ago
We’re rapidly moving towards a world where the back office is almost fully automated. Consider: Gartner predicts that within a year, half of B2B invoices will be paid without manual intervention, further increasing to 80% by 2030. We’re not there yet—recent research suggests that, today, 57% of invoice data still needs manual entry—but it’s clearly coming soon. That’s because the speed, capacity, cost savings, and accuracy delivered by modern intelligent document processing (IDP) are nearly impossible to resist. And adoption will accelerate even more as generative AI (GenAI) powers big leaps f ..read more
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AI will be a transformational technology for chief supply chain officers
UiPath Blog
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1M ago
In recent years, no other technology was more disruptive to supply chains than AI. During the last two decades, enterprises were able to improve supply chain productivity with the adoption of supply chain planning and execution applications. There were even increased productivity and profitability gains by adopting supply chain digital twins to generate supply chain visibility. But AI is the technology which has the potential to truly deliver on its promise to transform supply chains. Everyone probably remembers the introduction of blockchain as the next breakthrough for supply chain processes ..read more
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When IBM watsonx.ai met UiPath Connector Builder
UiPath Blog
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1M ago
The UiPath Connector Catalog is a large, and rapidly growing resource for integrating automation across any system. Diverse and flexible, the catalog supports prebuilt API-based integrations for popular lines-of-business automation, essential IT system automation, and of course, generative AI automation. UiPath Connector Builder But if you need an API integration that’s currently not available, there’s Connector Builder for Integration Service. Connector Builder enables UiPath Business Automation Platform customers to unlock the value of third-party APIs, creating automation connectivity, as n ..read more
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Navigating the future: Automation and AI’s role in efficient healthcare claims processing
UiPath Blog
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1M ago
Addressing challenges with medical claims processing across both the payer and provider landscapes was a central focus at the recent UiPath AI Summit 2024, where industry experts discussed the potential of AI as a transformative force in healthcare.  Why was claims processing the most talked about topic in this year’s healthcare breakout session? According to Deloitte, improving the revenue cycle, including lowering payment times and redesigning processes, was ranked the biggest driver to improve profitability by health system finance leaders. On the health insurer side, many insurance st ..read more
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Driving innovation: The power of inclusion in the future of AI
UiPath Blog
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1M ago
A growing body of research points to the strategic and financial importance of prioritizing diversity, equity, and inclusion across the organization. During a recent ‘Diverse perspectives in AI’ panel discussion, Joe Edwards (Director of Product Marketing at UiPath) asked a related question to senior AI and automation leaders: is representation as critical for progress within AI ecosystems as it is for an organization? With tenures at some of the most respected tech companies in the world, panelists Jarel Hawkins (IA & AI Executive / CxO Advisor), Floyd Newsum III (Managing Director a ..read more
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