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Hackett Research: Inflation, Geopolitical Unrest, Other Factors Drive Up Operational Costs of Finance for the First Time in Decades

The Hackett Group

Miami, FL — July 13, 2023 — For the first time in decades, most finance organizations experienced a significant increase in operating costs in 2023, driven by inflationary pressures, geopolitical unrest and other uncertainty factors, according to new research from The Hackett Group , Inc. NASDAQ: HCKT).

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How AI is Revolutionizing CX and Reducing Costs to Bring You Big Wins in BPM and BPO

Raya Contact Center

This infusion of AI is not just about automation but is also about enhancing the overall customer experience. Key Benefits of AI in BPM and BPO: 1 Efficiency and Accuracy: AI-driven BPM solutions automate repetitive tasks, reducing the likelihood of human errors. Field is required! Field is required! Field is required!

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Why is AI Good for the Outsourcing Industry?

NoonDalton

In fact, AI has proven to be a boon for the outsourcing industry by streamlining operations and reducing costs. Automating Repetitive Tasks One of the most significant benefits of AI is that it can automate repetitive tasks. Reducing Costs Finally, AI can help outsourcing companies to reduce costs.

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Business process reengineering (BPR) examples

IBM Services

Background of business process reengineering BPR emerged in the early 1990s as a management approach aimed at radically redesigning business operations to achieve business transformation. This might include streamlining payroll processes, digitizing HR operations or automating invoicing procedures.

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Top 9 Must-Have AI Tools for Software Development

Unosquare

Instead, AI augments their abilities , enabling them to focus on more strategic tasks while automating repetitive and complex processes. AI-powered platforms facilitate enhanced code quality, predictive analytics, and automation that was once deemed unattainable. How is AI Used in Software Development?

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Improving supply chain resiliency in the industrial sector

IBM Business Partners

Ditch manual processes in favor of digitizing and automating supply chain processes. Automation will enable organizations to identify and resolve critical supply chain issues faster with end-to-end visibility , advanced analytics and actionable workflows. This equipment is critical to expanding capacity for chip production.

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The Benefits of Hyperautomation for Today’s Business

Automation Anywhere

In Gartner’s words , “Hyperautomation is a business-driven, disciplined approach that organizations use to rapidly identify, vet, and automate as many business and IT processes as possible.” How does hyperautomation differ from other types of automation, in particular intelligent automation?