The increasing prevalence of chronic diseases among an aging population, coupled with a growing overall population, is placing significant pressure on healthcare providers. To meet the evolving needs of patients and enhance the quality of care, healthcare providers are increasingly turning to the adoption of the latest technology trends and tools. [...]
Underwriting is the procedure of assessing and quantifying the financial risk associated with an entity or an individual, typically in the context of extending loans, offering insurance coverage, or making investments. This evaluative process is conducted by underwriting experts employed by various financial institutions. The objective of this risk assessment is [...]
Bajaj Allianz Life Insurance Co. Ltd. (BALIC), is one of the fastest growing private life insurance companies in India. Can you guess its growth formula? It consistently uses technology very smartly to boost efficiency and productivity. Presenting some recent examples. Every company uses tools like WhatsApp, MS Teams and Robotic process [...]
With the ever-evolving landscape of healthcare operations, efficiency and accuracy have become crucial for offering patient care. That’s one of the reasons that healthcare providers are counting on technologies like RPA and AI to fast-track these processes. Right from patient registration to offering timely insurance claims, healthcare automation solutions can help [...]
Implementing RPA in healthcare process has been fruitful for healthcare industries due to the repetitive nature of the process. Using automation, healthcare providers can achieve an 80% reduction in helpdesk overload. Yes, the numbers are real indeed. Previously, we talked about the role of RPA in patient scheduling. Here we are [...]
Data reconciliation is a critical component of the banking industry. However, the reconciliation systems and processes within banking and financial services firms are facing significant challenges due to the continual increase in transaction volumes, the introduction of new financial instruments, and heightened regulatory compliance requirements. In the realm of these challenges, [...]
The Human Resources(HR) department plays a vital role in every business that takes care of each phase of an employee’s life cycle, right from employee onboarding to employee exit management. However, considering the process and tasks involved in the HR department requires high skill requirements and effort, and offering on-time resolution [...]
In November of 2022, a significant milestone occurred in the technology industry as ChatGPT 3 was introduced, rapidly gaining widespread recognition in a matter of weeks. Subsequent to its launch, numerous enhancements have been implemented, and multiple vendors are preparing to unveil their own variations of generative AI products. The concept of [...]
In the ever-evolving landscape of healthcare, technology continues to reshape various aspects of patient care and administrative processes. As per the report, the global robotic process automation in healthcare market is expected to hit around USD 14.18 billion by 2032 with a registered CAGR of 26.1% from 2023 to 2032. In [...]
Imagine a world where healthcare providers are away from the hassle of repetitive tasks like data entry and processing and focusing on creating value-driven patient care. Yes, that’s possible with the adoption of automation technologies like RPA, AI, and intelligent document processing that can take over manual tasks and offer better productivity [...]
