Your personal RPA could automatically send a cancellation notice, proactively suggesting new times based on your anticipated arrival, all without you having to hit pause on your morning podcast.
It would be a true valet, quietly efficient in the background, understanding your needs and working across your environment to make things happen.
Personal finance, automated From millennials to boomers, people are worried about their financial well-being more now than ever.
They have good reason – a Northwestern Mutual study found that one in three Americans has less than $5,000 saved up for retirement, and 21 percent of Americans have no retirement savings at all.
While smart watches can monitor our physical health, RPA can do the same for our financial health – providing not only a live-action snapshot of our spending, monthly bills and income, but one that is prescriptive and proactive.
While some AI-driven financial tools do exist, they focus on insights over action.
RPA bots can consolidate your digital and financial life not only to help you understand your fiscal habits and financial health but also manage it for you.
For example, you can train an RPA bot to automatically identify and opt out of monthly subscription services you no longer use, that drain your monthly income.
RPA could also be used to identify the best deals and time of the year to renew your car insurance or mortgage, shop around and automatically act on this information.
(If that does not lead to happier lives, I do not know what will.
) Society is already realizing the potential of automation technology to improve the way we work, with 72 percent of global workers viewing AI and automation as something that will make them more successful rather than replace them.
As this technology extends from the office into our personal lives, it will enable us to be the happiest versions of ourselves, lifting large monotonous tasks from our plate, and allowing us to pursue our passions, enjoy more times with our loved ones, and ultimately enhance the human enterprise and society.
About the Author Prince Kohli is CTO of Automation Anywhere.
Prince brings more than two decades of experience in the technology industry.
He was most recently senior vice president of engineering at ThoughtSpot, a data analytics company.
Prior to this, Prince held senior roles at Ericsson, running global R&D for all digital products with a team of more than 10,000 people and responsibilities for 92 product lines, including building large-scale cloud infrastructure and cloud-hosted management stacks.
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