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The Top 10 Outsourcing Trends for 2023: Stay Ahead of the Curve

Magellan Solutions

Moreover, it reduces costs and streamlines operations. 3) Smart Sourcing with AI and Machine Learning A revolutionary development uses Artificial Intelligence (AI) and Machine Learning (ML) for innovative sourcing. 4) Robotic Process Automation (RPA) RPA emerges as a crucial trend for 2023.

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Transformation Imperatives for Wholesalers and MGAs in Insurance: Exploring Opportunities to Unlock the Next Growth Phase | Blog

Everest Group

According to a McKinsey report, 43% of top 100 Property and Casualty (P&C) insurers have at least one MGA relationship to source new premiums. Various types of MGAs operating in the ecosystem are illustrated below. On the customer relationship side, these specialized agents have full control over all customer activities.

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Identifying Supply Chain Automation Opportunities

Automation Anywhere

For manufacturers, top of mind is finding new ways to streamline operations. They lacked the data and transparency that an automated system would have provided. Supply chain ripe for RPA For all these reasons and more, manufacturers are turning to Robotic Process Automation (RPA).

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Business process management (BPM) examples

IBM Services

Human-centric BPM prioritizes the designing of intuitive processes with drag and drop features that are easy for people to use and understand, aiming to enhance productivity and collaboration among employees. Document-centric BPM is for efficiently managing documents and content—such as contracts—within processes.