The British Chamber of Commerce and Bank of England are forecasting a recession for the UK economy with three consecutive quarters of contraction expected between Q2 and Q4 in 2022. Annual expectations for GDP growth also continue to decline, with 3.3% forecast for 2022, significantly below the 7.4% growth recorded in 2021. We all know what this means…
Reduced consumer spending with corresponding cutbacks and layoffs at large companies. This is the inevitable outcome… or is it? Might there be a smarter way to deal with crises? Could we shift swiftly from recession to recovery?
Here at Clustre, we are convinced that now is the moment to invest in capturing the knowledge of experienced colleagues – leveraging this expertise to drive growth and cut costs. Moreover, we have seen compelling evidence that the fastest way to achieve this goal is to exploit Intelligent Automation (IA).
IA tools, can radically reduce the cost of doing business. They can prevent expensive mistakes from happening, improve the customer experience as well as potentially open-up new revenue streams. But let us clarify what we mean by IA and why it is so important…
To help distinguish between IA and RPA tools, we often use the human body as a metaphor. If RPA is the muscle and fingers, IA tools are the brain. The snag is those robotic fingers have run out of easy pickings. Companies already using RPA tools have probably gathered all of the low hanging fruit. Now they must reach higher to gather the next level of savings… and this is where IA comes into its own.
We list below three powerful case studies where IA tools have been used either to cut costs, reduce business risk or to generate new sources of revenue. In some instances they have delivered on multiple objectives:
If you want to learn more about the innovative solutions touched upon in this short paper please email firstname.lastname@example.org