In this era of rapid technological development that necessitates agile strategies and real-time planning adjustments, everyone is talking about the future of business. With a global pandemic hastening the pace of digital transformation, the conversation is only getting louder and even more intense.
Now more than ever, it’s critical for leaders to understand and embrace the technologies that enable them to spend more time focusing on the health of their employees and the business. Being able to respond to market shifts and global “black swan” events with clarity and precision is mission-critical.
The future isn’t hypothetical and there simply isn’t time to sit and ponder what to do next. In fact, smart leaders understand that change is the norm and not the exception. Planning for the evolution of your enterprise is a daunting task, but the alternative is watching your competitors leave you in the dust as early adopters embrace emerging technologies—such as Cognitive Automation—that support the future of decision making.
At its core, Cognitive Automation is the process of digitizing, augmenting and automating enterprise-wide decision-making processes. It takes the old model of supporting people’s work with the help of machines, and flips it on its head— Cognitive Automation is when machines do the intensive labor of sorting through enormous amounts of data, guided by humans.
This approach uses artificial intelligence and machine learning to improve decisions, in turn leading to better performance and outcomes.
There are five powerful ways Cognitive Automation can future-proof an enterprise that embraces this digital overlay--a virtual brain, as it were--as the hub of their supply chain, planning, and overall workflow.
With a true Cognitive Automation layer in place, a modern enterprise becomes digitally interconnected in the truest sense, enabling the orchestration of business operations based on real-time data. Companies can easily maintain a high level of efficiency, andkeep profits growing in any market environment.
Cognitive Automation frees organizational data from locked-down silos or the muck of a disorganized data lake, allowing it to be continuously aggregated from every possible source—and, at the same time, keeping it neatly indexed.
This allows for more responsive operations focused on delivering business outcomes “in the moment”—locating underused assets, anticipating interruptions to supply or spikes in demand, coordinating necessary actions, and learning as it goes.
The speed at which markets and customer demand change means that enterprises need an always-on review of their datasets to ensure all decisions and operations are made with current facts in place.
Once Cognitive Automation helps connect all of the data sources across the business, both internal and external, it builds a real-time virtual enterprise data layer to keep that information updated. It also applies intelligent analytics to rapidly yield new insights, predictions, and recommendations.
Data isn’t useful if it’s presented out of context. You can only improve results if you understand the complete context within which the decisions and operations play out.
That’s why Cognitive Automation applies domain expertise to understand the business context, engaging with relevant users to refine decisions and then orchestrating enterprise processes to drive execution.
This empowers and augments your organization with the agility to keep up with whatever forces may be at play.
Cognitive Automation is very different from robotic process automation. Rather than simply repeating operational cycles, Cognitive Automation means the system actually learns from the decisions both the system and the people guiding it make--and then implements changes to optimize ongoing performance.
This symbiotic relationship unleashes your team to collaborate with machine intelligence, in turn fostering consistently elevated goals and results.
Now is the time to plan with the next decade of change in mind.
Cognitive Automation is the model by which enterprises can be prepared to compete in the marketplace of the future, and position themselves to take advantage of every possible opportunity along the way. Are you ready?
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