RPA has grown out of Business Process Automation (BPA) and refers to the use of AI to automate workflow and business processes. The advantages of RPA demonstrate it to be a solid tool in attaining higher quality output at lower costs which is much quicker than traditional methods. RPA can be used in IT support processes, back-office work, and workflow processes. The rules are programmed, and bots extract structured inputs from applications like Excel and enter them into other software such as CRM, SCM or accounting. A good example is the use of NLP to scan incoming emails and undertake the appropriate action, such as generating an invoice or flagging a complaint in an automated manner.
Machine learning is an application of artificial intelligence (AI) which involves a combination of raw computing power and logic-based models to simulate the human learning process. Machine Learning is proving to be a successful approach to AI. When humans learn, they alter the way they relate information and the world, similarly when machines learn, they alter the data and form it into a piece of information.
An example, Image recognition is a popular application of machine learning in which images are fed into an algorithm, which attempts to recognise the contents of the image based on patterns. For instance, Yelp’s machine learning algorithms help the company’s human staff deal with tens of millions of photos to compile, categorise, and label the images more efficiently.
Chatbots and virtual assistants
Chatbots are robotic processes which simulate human conversation and automate functions. The technology is also used for so-called ‘virtual assistants’, which uses AI to interact with humans and aid with specific queries. They are increasingly being used to handle simple conversation and tasks in B2B and B2C environments. The addition of chatbots reduces human assistants and they can work throughout the clock. Chatbots and Virtual assistants improve with AI and can be trained to review conversations, past transactions and to draft a response based on context. If the user interacts with the bot through voice, then the chatbot requires a speech recognition engine.
Chatbots have been used in instant messaging (IM) applications and online interactive platforms. To exemplify, chatbots are deployed to assist online shoppers by answering noncomplex product questions, pricing, FAQ’s, order processing steps or forwarding information to human agents on complicated questions such as shipping delays or faults.
With AI technology evolving and improving so rapidly, many organisations are looking to use AI in their business, but there are still many questions to which adopters are seeking answers such as how to integrate AI into their existing systems, how to get access to data that will enable AI as well as the persistent technology concerns around cybersecurity and cost. The goal of many AI providers is to reach a stage where AI will support humans, control machines for us and automate repetitive tasks and processes.