Remove Banking Remove Management Remove Value Chain
article thumbnail

Merck Life Sciences banks on RPA to streamline regulatory compliance

CIO

Although non-compliance with regulations can attract exorbitant fines, many pharma companies still depend on manual process for these value chains. As part of its RPA strategy, Merck leveraged unattended bots from Automation Anywhere to automate and streamline the creation, management, and distribution of its regulatory processes. “The

Banking 368
article thumbnail

How genAI is transforming financial services

CIO

It makes banks more data-driven and insightful, enhancing decision-making; providing deeper insights; and achieving greater agility, personalized customer service, and automation. Enriched data allows banks to create a comprehensive picture of customer behavior, enabling personalized services and accurate risk assessments.

Banking 446
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

3 powerful lessons of using data governance frameworks

CIO

Focus on value,” she says. Everything you do to collect, manage, and analyze your data ought to be traced to value.” Managing data and using data should be considered a portfolio of actions,” says Thomas. If you do that, everybody is more motivated to use the framework, which will ensure consistency in data management.”

article thumbnail

Powering the future: How Gen AI and AI illuminate utility companies

CIO

John Villali, research director for IDC Energy Insights 2 , explains: “Operational segments across the utility value chain have established use cases that have proven to be beneficial to utilities. In addition, companies use AI for proactive grid management and predictive maintenance that helps prevent outages.

Alliance 514
article thumbnail

What is RPA? A revolution in business process automation

CIO

Such RPA implementations, in which upwards of 15 to 20 steps may be automated, are part of a value chain known as intelligent automation (IA). Some were originally business process management (BPM) tools. Some vendors position their tools as “workflow automation” or “work process management.” Set and manage expectations.

Business 544
article thumbnail

Inside Nasdaq’s AI-fueled pivot to SaaS provider

CIO

Peterson also worked closely with the founders of Databricks and has been on the cutting edge of AI, natural language processing, and Apache Spark, an open-source analytics engine that Nasdaq has used to develop risk management applications.

Banking 435
article thumbnail

Research: Businesses optimistic as they deploy generative AI

CIO

Respondents represent 12 industries, among them banking, investment and insurance, manufacturing, automotive, retail, healthcare and the public sector. Organisations are increasingly using it to automate parts of the value chain, remove drudgery from human roles and rapidly improve processes.

Research 326