Intelligent Automation

Robotics Process Automation to Cognitive automation is advancing at a staggering pace, and is disrupting almost every business and industry...
Precision of Robotic Arms in Installing Components on Circuit Boards at Automated Assembly Line. Concept Robotic Arms, Automated Assembly, Precision Engineering, Circuit Board Components

From automating mundane rule-based tasks to performing cognitive tasks

such as perception, reasoning, learning, etc., Intelligent Automation is disrupting traditional ways of improving operational efficiency, cutting costs and enhancing overall customer satisfaction across the value chain. The focus of Intelligent Automation solutions is to mitigate the ‘value leakage’ that organisations currently face in their front/middle/back office functions due to disparate systems, data complexity, highly manual and error prone tasks, non-standard processes, etc.; enhance the overall efficiency and effectiveness of the function. Therefore, leading organisations across industries have gauged the potential of Intelligent Automation as a key catalyst in enabling a paradigm shift towards ‘smarter’ organisations.

The spectrum of Intelligent Automation (IA) is classified into three classes:

Class 1 - Basic Automation

  1. Uses Robotics Process Automation (RPA) tools which are typically designed to operate on the presentation layer of business applications without interfering with the underlying IT architecture. It processes structured data (spreadsheets, data present in relational databases, etc.), rule-based and transactional tasks by mimicking human actions.

  2. RPA solutions are easy to implement and also observe faster benefit realisation. However, gauging the right candidates for RPA is imperative to yield maximum and early benefits.

Class 2 - Enhanced Automation

The financiers using calculator calculating personal taxes with colleagues in office workplace.
  1. Uses data extraction techniques augmented with machine learning capability to ingest unstructured data (scanned document images, PDF and scanned handwritten images) with a higher accuracy rate and confidence level as compared to traditional OCR (Optical Character Recognition) tools; perform business rules/validation which are required to make sense of the data.

  2. The machine learning component enables pattern recognition (context identification, cluster formation, label identification, etc.) through supervised/unsupervised learning of unstructured data. This results in a higher throughput rate of the desired output with increased efficiency and effectiveness.

  3. Enhanced solutions are easy to implement. However, it typically requires 3-4 months of lead time for the engine to produce higher accuracy and throughput rates

Class 3 - Cognitive Automation

  1. Uses sophisticated AI technologies such as Natural Language Generation, Speech Recognition, Computer Vision, etc., to ingest super data sets and perform cognitive tasks previously done by humans such as reasoning, perceiving, interacting with the environment variables and problem solving.

  2. Cognitive solutions incorporate advanced self-learning capabilities, and can be used for sophisticated cognitive hypothesis generation/advanced predictive analytics.

  3. Such platforms are costly to develop and implement, and generally require a long lead time. It reduces human error, but does not take humans out of the equation.

Business people hand pointing at business document during discussion at meeting.

How to get started with your Intelligent Automation journey?

Some of the biggest challenges that organisations typically face in adopting automation are uncoordinated efforts between stakeholders, inability to build a realistic business case, determining the right set of opportunities to automate, deploying the ‘right solution’ in the ‘right way’ and addressing change management issues post implementation.

KPMG in India will help you embark on the automation journey with its broad range of services in core consulting and implementation, with its deep expertise across the Intelligent Automation lifecycle.

Below are the broad service areas and its offerings:

Core Consulting

List of offerings under Core Consulting


 

Implementation and Support

List of offerings under Implementation and Support




 

IT Architecture and Security

  • Review application and technology landscape
  • Policies and Procedures
  • Access Administration
  • Encryption Validation
  • Vulnerability Assessment

Business Analysis

  • Opportunity Identification
  • Process Selection
  • Automation Roadmap
  • Vendor Selection


Operating Model and Governance

  • Project Management
  • Center of Excellence – Design and Setup
  • Reporting Templates
  • Risk Management framework

Implementation

  • RPA implementation
  • ML implementation



     

Talent Management

  • Educative workshops
  • RPA foundation training
  • Developer/Technical training
  • Functional training
  • Change Management
     

Maintenance

Risk review and testing controls





 

Skills of the future

Prepare for a job that doesn’t exist yet? Explore the future of you today.


 

Chatbot

Chatbots are computer programmes which mimic conversation with people using Natural Language Processing (NLP) and Artificial Intelligence (AI).

Digital Finance Close

Presently, the process of financial month-end close is spreadsheet-driven, and mostly manual in nature.

 

Know Your Customer (KYC)

Know Your Customer (KYC) is a process for businesses to verify the identity 


 

Smart Invoice Accounting

In the era of technological advancement, the Procure to Pay (P2P) function is charged with the responsibility of providing.

KPMG Automata

Intuitive Finance | Informed Business


 

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