Co-founder of Kognitos Binny Gill contends, however, that businesses may increase productivity without having to make difficult choices. How? by automating business procedures, which are fundamental to Kognitos’ operations.
Efficiency improvement is a continuous process for businesses; it is a fundamental aspect of their operations. This can sometimes take the form of budget cuts, but other times it takes a more extreme turn, such hiring freezes or layoffs.
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Now, one may wonder, doesn’t automation frequently lead to employment losses? In fact, a 2016 research estimated that by 2025, robotic process automation (RPA) might eliminate almost 16% of jobs.
Balancing Job Dynamics: Can Automation Enhance Worker Satisfaction in the Gig Economy Era.
However, possibilities in the gig economy and the retirement of an elderly population may offset these employment losses. Since automation takes care of monotonous and uninteresting jobs, Gill and others think it may boost worker happiness and participation.
Revolutionizing Automation: Kognitos’ Language-Based Business Solutions
What if machines could understand human language, instead of humans having to learn machine language?” is an amazing idea that Gill has for Kognitos. As a result, he introduced Kognitos, which lets business users automate processes with simple-to-understand English.
During the pandemic, when Gill saw supply chain interruptions affecting businesses, the idea for Kognitos began to take shape. This circumstance forced a deeper look at inefficiencies and highlighted the value of adopting new technologies, such as artificial intelligence (AI), to increase productivity, adaptability, and resilience.
Rivaling more sophisticated and user-friendly RPA solutions like UiPath and more recent offerings like Adept is Kognitos. For example, it converts workflow automations from English instructions into flagged faults for users to fix, getting better with time. As of right now, Kognitos can automate operations across a wide range of industries and modalities, such as data visualization, picture editing, speech transcription, QR code scanning, and filling out PDF forms.
Gill highlights that Kognitos’ interface doesn’t require coding knowledge, making it suitable for both employees and business process professionals. The current $30 million fundraising round indicates that investors are upbeat and are supporting product development as well as growing collaborations and integrations.
Kognitos: Driving the Tech Revolution with User-Centric Innovation
Notably, Kognitos has partnered with significant businesses like PepsiCo and Wipro, however specifics about revenue and profitability are yet unknown.In the face of technological advancements in the corporate world, Gill sees a revolutionary role for Kognitos: “Our unique proposition will drive us through this slowdown and into the next phase of the technology revolution.”He emphasizes how the system picks up on user interactions and keeps enhancing the experience on its own without any help from IT or developers.
Excellent write-up