Nordexo at the 3rd International Economic Forum

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Nordexo at the 3rd International Economic Forum

Nordexo Team

On November 1, 2019, at the Latvian Academy of Sciences, representatives of Nordexo will participate in the III International Economic Forum "BUSINESS SUPPORT: critical points, science-based solutions, international cooperation". Daniils Vladimirovs, Nordexo CEO, and dr.oec. Ilona Dubra, Nordexo Advisor, will present Nordexo's corporate vision for digital solutions as efficient tool for faster development of business environment with a presentation on "Business process automation of SMEs in the post-digital era".

Short abstract:

As the matter of fact digital innovation is at the centre of SME’s development strategy in post digital era. Taking into account that the Fourth Industrial Revolution is going through all traditional ways to perform best business practices, companies need to develop new skills and find appropriate solutions that will help them to perform better and spend less efforts.

In reality business process automation (BPA) and robotic process automation (RPA) can completely automate different business processes such as email processing, invoice management, payroll and data entry. With the tools available today, opportunities to build internal process automation are at the basis of modern SME development.

Gartner admitted that global worldwide spending on RPA software reached roughly $680 Million in 2018. It is predicted an increase of 57 percent year over year, according to the latest research from Gartner, Inc. RPA software spending is on pace to total $2.4 billion in 2022. The greatest adopters of RPA are the representatives of bank industry, insurance companies, utilities as well as telecommunication companies.

Systematic automation of small tasks delivers the digitalisation of work, reducing the time and cost of tasks that do not require manual intervention. Robotization and automation at a simple level are effective both for large companies and SMEs, is faster and cheaper and can efficiently function on a smaller scale. Automation of small tasks can make certain processes more productive by 80–100% and it does not require specialists with appropriate knowledge and skills.

More information, buy tickets: https://www.economicforum.lv/

Published at 28.10.2019.

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