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

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

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

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

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

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

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

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

I recently had the opportunity to attend Mobile World Congress (MWC) in Barcelona. MWC is a truly massive gathering, attracting over 100,000 attendees and 2,500 exhibitors from around the world. As such, it’s a great place to check out the collective mood of the industry and the most promising and enticing areas of focus.  This was my second year attending this event—and I must say, this year was far more energizing and uplifting than my first experience. The first year, practically everyone was focused on challenges and problems: shrinking revenues, continual customer churn, heighte ..read more

There’s a growing consensus about the need for businesses to embrace AI. McKinsey estimated that generative AI could add between $2.6 to $4.4 trillion in value annually, and Deloitte’s “State of AI in the Enterprise” report found that 94% of surveyed executives “agree that AI will transform their industry over the next five years.” The technology is here, it’s powerful, and innovators are finding new use cases for it every day.  But despite its strategic importance, many companies are struggling to make progress on their AI agendas. Indeed, in that same report, Deloitte estimated that 74 ..read more