Unique tool that eliminates human bias from automation implementation to be unveiled at OPEX Week: Business Transformation World Summit
ORLANDO, Jan. 22, 2019 /CNW/ - EdgeVerve Systems, a subsidiary of Infosys (NYSE: INFY), today announced the launch of AssistEdge Discover, a unique tool aimed at increasing the success rate of automation implementations at the enterprise level through process discovery. AssistEdge Discover automates processes sans human bias that often times lead to automation implementation failure.
Forrester reports that robotic process automation (RPA) will grow to a $2.9 billion market in 2021, bringing it to the forefront of enterprise digital transformation. However, over half of enterprise automation implementations still fail when business processes are not properly understood and manual knowledge is relied upon for process execution. At an enterprise level, this becomes increasingly challenging as the amount of data and number of steps in each process increase. By eliminating human bias and reducing manual process discovery, AssistEdge Discover can help an enterprise realize the full value of automation and enable collaboration, effective change management and continuous process improvement.
AssistEdge Discover leverages user key strokes and sophisticated neural network algorithms to create an effective automation blueprint. It provides a clear recommendation based on the understanding of how business processes are executed through four pillars:
- Automatic Data Capture: Input such as mouse and key strokes from identified users can be monitored and recorded without interfering with the employee's work.
- Remote Management of Data Capture: Administrators decide and control what data is being captured from which machines and users, and at which frequency, to ensure that no business and user sensitive data is captured.
- Visual Data Analysis and Mapping: Data enrichment and analysis is carried out using advanced neural network and AI algorithms. This creates a visual, data-rich process map which not only shows common paths, but also different variations of the same path.
- Recommendations: Recommendations identify the automation opportunities and collate them into a dashboard, allowing the enterprise to compare different processes and make an informed decision. Automation recommendations are based on real data, thus avoiding manual bias.
AssistEdge Discover simplifies the automation journey for enterprises that are growing at a rapid pace and require speed, agility and insights to drive success. The tool was uniquely built to be platform agnostic and work alongside other RPA tools, enabling an enterprise to better manage processes across multiple systems seamlessly.
Craig Le Clair, Vice President, Principal Analyst Serving Enterprise Architecture Professionals, Forrester, said, "Automation is no longer a back-office activity and now moving to the frontend where data driven insights and process mapping are becoming key to maximize automation success. RPA and AI will join forces to create digital workers for more than 40% of enterprises. Broader process assessment is developing quickly. There is a need to advance analytics to attack process improvement and combine process mining data with traditional RPA desktop analytics to create heat maps to guide bot design and bot behavior."
Atul Soneja, Global Head, Edge Products and Infosys Nia, EdgeVerve, said, "Today, with the rise of digital workforce in an enterprise, success is fast becoming outcome driven. The key to automation success is process discovery. The empirical approach to automation through process discovery makes the whole process transparent and amplifies the hidden values of automation impacting ROI. This is where AssistEdge Discover helps realize the true value of automation. It helps enterprises prioritize key processes for automation as well as key technologies to amplify business benefits."
To learn more about AssistEdge Discover, please join EdgeVerve and Forrester on January 22, 2019 during the "Process Discovery - Amplifying and Accelerating the Power of Automation" panel at OPEX Week: Business Transformation World Summit, January 21-25, or visit http://www.edgeverve.com/assistedge-discover.
Infosys is a global leader in next-generation digital services and consulting. We enable clients in 45 countries to navigate their digital transformation. With over three decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.
Visit http://www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.
About EdgeVerve Systems Ltd.
EdgeVerve Systems, a wholly owned subsidiary of Infosys, develops innovative software products and offers them on premise or as cloud-hosted business platforms. Our products help businesses develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. We power our clients' growth in rapidly evolving areas like banking, interactive commerce, distributive trade, customer service and enterprise buying and help them navigate their digital journey with our AI enabled Automation and Business Solutions
At EdgeVerve, we are making constant strides towards transforming enterprises by providing AI enabled Business Applications, leveraging the Infosys Nia™ Platform with capabilities across the Automation continuum. Today EdgeVerve products are used by global corporations across financial services, insurance, retail and CPG, life sciences, manufacturing and telecom.
Finacle, our industry-leading digital banking solution suite is the choice of financial institutions across 100 countries to service more than a billion consumers and 1.3 billion accounts.
To know more, visit http://www.edgeverve.com
Certain statements mentioned in this release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2018. These filings are available at http://www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.