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How iPAAS can Revolutionize Intelligent Process Automation

Featured Insights
April 13, 2023

What is Integration Platform as a Service (iPaaS)?

Integration Platform as a Service (iPaaS) is a cloud-based platform that provides tools and services for integrating various applications and data sources in a seamless manner. It allows businesses to connect different systems, applications, and data sources together without the need for complex coding or manual integration.

iPaaS offers a range of integration capabilities such as data mapping, transformation, and routing, application programming interfaces (APIs), and pre-built connectors to a variety of cloud and on-premises applications. With iPaaS, businesses can quickly and easily create custom integrations between their various systems and applications.

Here are some of the ways iPaaS can achieve this:

Faster Integration

iPaaS provides a pre-built integration platform that allows for easy integration with multiple systems without the need for custom coding. This can significantly reduce the time and effort required to build an automated process.

Scalability

iPaaS is designed to be highly scalable, allowing for easy expansion of automated processes as business requirements change and evolve. This means that as the volume of data and transactions increases, the automation process can keep up with the demand.

Reduced Costs

Since iPaaS eliminates the need for custom coding, it can significantly reduce the cost of building an automation process. It can also help reduce maintenance costs by providing a standardized and centralized platform for integration.

Improved Collaboration

iPaaS provides a unified platform that enables multiple teams to collaborate and work together on the same automation process. This can lead to better communication, faster problem resolution, and greater productivity.

Advanced Analytics

iPaaS can provide advanced analytics and monitoring capabilities that help to identify and resolve issues in real-time. This can improve the performance of the automation process and reduce downtime.

Overall, iPaaS can enable businesses to streamline their automation processes and reduce the time and cost associated with building and maintaining them. By providing a standardized and scalable platform, iPaaS can help businesses to achieve more efficient and effective Intelligent Process Automation.

What is Intelligent Process Automation (IPA)?

Intelligent Process Automation (IPA) is a technology that combines artificial intelligence (AI), machine learning (ML), and robotic process automation (RPA) to automate complex business processes.

IPA aims to enhance the efficiency of business processes by automating repetitive and time-consuming tasks, reducing errors, and improving overall productivity.

The key components of Intelligent Process Automation include

Robotic Process Automation (RPA)

RPA involves automating repetitive, rule-based processes such as data entry and record keeping. This can be done using software robots or bots.

Artificial Intelligence (AI)

AI involves the development of algorithms that can learn from data and make decisions based on that learning. This includes technologies such as machine learning, natural language processing, and computer vision.

Cognitive Automation

This refers to the use of AI to automate tasks that require reasoning, decision-making, and judgment, such as fraud detection and risk assessment.

Advanced Analytics

Advanced analytics involves the use of data to uncover insights, patterns, and trends that can be used to improve processes and decision-making.

Overall, IPA is a powerful tool that can help businesses streamline their processes, reduce costs, and improve efficiency. It has the potential to transform the way businesses operate by enabling them to automate a wide range of processes that were previously performed manually.

Automation with IPaaS

Well, there is no ‘the’ best approach, it’s about what is right for the particular organization and what delivers the most value. However, consolidating integration and automation into a single platform using modern iPaaS has proven itself as the most effective approach to facilitate & scale automation with iPaaS.

Scope of Automation within an IPaaS solution

Since the majority of iPaaS solutions have developed into low-code or no-code platforms, an integration specialist is no longer necessary for the implementation and upkeep of business processes.

Even while we think there is a strong case for utilizing automation inside iPaaS products, it needs to be done properly. We are still only discussing technology here; in order to create a meaningful capability, we must take into account the people and procedures concerned. Having a single platform might present difficulties because there are many issues, parties involved, and viewpoints to consider.

The objective is to strategically build the governance structure and related policies so that commercial users or citizen integrators can operate without worrying about data security or privacy risks. Users that are familiar with business processes and customer journeys should be able to use the platform with the least amount of friction feasible to quickly realize advantages and come up with fresh, creative ideas for improving experiences. This is not to argue that there shouldn’t be any control; rather, it means that the correct individuals should create the ideal operating model, allowing the value to be realized free of pointless limitations.