Blue Prism Share Discussion Threads

[sogoesit] 01/11/2017 16:36

Solid looking chart. Surprisingly, I think it could go higher from here rather than retrace... for the time being.
Accumulated some at 1415 a day or so ago.

[montyhedge] 31/10/2017 16:27

Keep getting newsletter from my broker about robotics etf's etc. No mention of individual stocks. Only two uk listed I can see Blue Prism and Scisys plc they have a robotic software division.

[bokies] 30/10/2017 16:15

2014 14 new deals
2015 40 new deals
2016 189 new deals
2017 ??? Find out in Jan???
Plus the renewals!!

[gorilla36] 30/10/2017 13:48

Hazel - Alternatively, instead of a rubbish diagnosis from an overworked tired locum GP you could end up walking into a genome sequencing booth getting a 100% accurate diagnosis, early intervention and finding your self better off. It will happen, but not for a while yet. I suspect it will be a mixture of the two for a while yet. Let's just hope we get the best of both worlds rather than the worst!

[petewy] 30/10/2017 10:16

ambelmax: the best ref I found is this but's too early for a factsheet
hxxp://citywire.co.uk/money/polar-capital-tech-team-join-robotics-fund-race/a1059991

[hazl] 30/10/2017 09:24

OT

Quite an interesting piece in the S T yesterday about robots taking over our medical diagnoses.

Personally,I do hope they don't rely on it entirely.
They said something about some joe average doctor could be as good as the top doctors with the robots by their side.
I think that they are the last kind of doctor that would be able to question a 'crazy' diagnosis from a robot.
I do hope they continue to train very good doctors and they don't disappear entirely!

[panic investor] 28/10/2017 14:42

Email them ?

[ambelmax] 28/10/2017 14:30

How can we find out what companies Polar capital are investing in their new "Automation and intelligence fund".

Old mutual openly display the companies they invest in!

[petewy] 28/10/2017 12:39

This post from Nvidia on AI was recommended by josh brown:
hxxps://gigaom.com/2017/10/16/voices-in-ai-episode-13-a-conversation-with-bryan-catanzaro/
I didn't get much from it seemed to aim at I-know-nothin-about-A1-people.

[mirabeau] 28/10/2017 10:02

It's the future :




Companies Leave Bean Counting to the Robots

Global firms develop software to liberate workers from time-consuming, repetitive tasks—and reduce finance-department employee numbers


By Nina Trentmann
Oct. 19, 2017 6:00 a.m. ET
4 COMMENTS

One of Statoil AS STO 1.06% A’s newest employees, Roberta, spends her days in the energy firm’s treasury department searching for missing payment information and sending out reminders.

Her boss, Tor Stian Kjøllesdal, said Roberta’s heavy workload would improve overall efficiency in the group.

Roberta doesn’t have a last name, a face, or arms. She is the first piece of robotic software to work in the Norwegian company’s treasury department, part of Statoil’s push toward automation, robotics and artificial intelligence, said Mr. Kjøllesdal, acting head of internal treasury.

Finance executives at companies including Nokia Corp. NOK 3.15% , Royal Dutch Shell PLC and Orange SA ORAN 0.81% are developing their own Robertas. Two thirds of large global companies expect to automate some or most of their finance-department tasks over the next two to three years, according to new research by The Hackett Group Inc. Hackett’s report is based on benchmark and performance studies at hundreds of large global companies.

These new technologies are designed to cut costs, liberate workers from time-consuming, repetitive tasks, and in many cases reduce finance- and treasury-department employee numbers. “We will be running the treasury with less people in a couple of years,” Statoil’s Mr. Kjøllesdal said. The company has about 50 people in its treasury department.

Finland’s Nokia Corp. also expects to shed jobs as part of the transition toward a more automated finance department. Forecasting business performance is one area where humans can be replaced by an algorithm, said CFO Kristian Pullola. Nokia also plans to use robotics to automate tasks related to its financial-reporting process, he said.
Finance departments are seeing results from the increased sophistication of robotics and automation tools: digital transformation can cut labor and outsourcing costs by 20% to 35%, according to Hackett.

French building materials maker Compagnie de Saint-Gobain SA CODYY -2.07% wants a more efficient unit. Currently, some of the company’s 6,000 finance employees spend part of their day scanning invoices and transferring figures from one software program to another, said finance chief Guillaume Texier. Some of these tasks, which can take up to 10 clicks per number transferred, are repeated hundreds of times a day, he said.

“It does not make sense to pay a human to do that,” Mr. Texier said. “The next step is to get rid of repetitive tasks that are not adding value.”

But finance executives aren’t turning to robots just for savings. Automation can cut error rates by up to 66%, according to the Hackett report. It would also facilitate more analysis and smarter decisions by allowing employees to reduce the time spent on data collection by 24%.

“Cheaper is one half of the equation, but it’s got to be better as well,” said Nilly Essaides, senior research director at Hackett. Companies that require work on both fronts tend to benefit the most from installing such technologies, she said.

French information-technology services firm Atos SE is planning to hand over its reporting tasks—for example, collecting and assembling data for monthly and quarterly reports, as well as calculating results—to robots. The work is currently done by a team of finance professionals in Chennai, India. Atos’s 1,800 finance-department employees will be asked to do more complex, decision-making work, said finance chief Elie Girard.

“Because of robotization, finance jobs will evolve quickly,” Mr. Girard said.

Ramon Fernandez, finance chief at Orange, a French telecommunications company, expects his employees to do higher-value work as the company automates more basic tasks. “You will have less people in charge of extremely basic functions,” he said.

Orange also expects that the new technologies will compensate for the planned retirement of around 30,000 people by 2020, some of them in the finance function.

Other companies are still early in the process of automating finance and treasury functions.

Royal Dutch Shell PLC, the Anglo-Dutch energy firm, is currently running trials. “We are working on it,” said Frances Hinden, vice president treasury operations at Shell. She declined to give specifics.

Some bankers and consultants say that automating an inefficient process isn’t enough, and companies should overhaul the process rather than attempting to patch the problem with automation. “I would recommend you kill the task instead of using a robot,” said Hubert J.P. Jolly, head of financing and channels at Bank of America Corp. “People should use robotics to do more analytical work.”

Still, not all finance tasks will be handed to robots.

German software giant SAP SE is relying on human employees to make decisions on risk structure, debt-and-equity mix and hedging strategies, said head of treasury Steffen Diel.

While the company has automated a number of finance-department tasks, it expects finance employees to perform more strategic tasks. “The job descriptions of our employees will change,” Mr. Diel said.

—Tatyana Shumsky contributed to this article.

Write to Nina Trentmann at [e-mail]

[hazl] 27/10/2017 12:49

Ashenzi interesting.BRD is supposed to be in profit soon and it is my own belief that diamonds are going to be back in favour.I am often a bit early for scenarios and am prepared to wait in some instances.am not surprised therefore it has come out as a negative.it is up to the individual and their riskN0 guarantees in this business.

[joshgroeny] 27/10/2017 12:41

MSFT posting some strong results for their Azure platform this morning. Are BP not integrating their RPA platform with Azure..?

[ashehzi] 27/10/2017 11:18

LTG is a buy in Investors Chronicle saying market is $275.1bn by 2022(61p) while BRD has been coming in -ve list which I generate myself using HeatMaps from HSBC.

[hazl] 27/10/2017 11:11

Ambelm l think it's a good idea to read up on companies that point you in the direction of future scenarios.It was reading MCKinsey that made me spot this one previously.Then get somebody like sogoesit who is good at working out future earnings. Or study it yourself.I don't always get it right.

[hazl] 27/10/2017 11:04

How kind at present l have had a really rough week.so not looking in much at all.you do know that you can hover over somebody's name and click either see posts or profile?sometimes useful.The last one I have got is Ltg but it has gone up quite a lot already.I got BRD a few weeks ago for a recovery play .Both very different to here .

[ashehzi] 27/10/2017 11:02

I halved my shares while going up from 858p till 1260p as PRSM was big part of my portfolio and was a big exposure. Wish I had kept my leader the same and not bought laggards (well at least they are laggards till now). Wonder how to understand "Sell your laggards and let your Winners run". Have been here with PRSM since 500p buying/selling on the way multiple times (both success and failures included).

[ambelmax] 27/10/2017 10:51

Hazl how can i see your other stocks and ideas, you seem to have your finger on the pulse!

[hazl] 27/10/2017 10:43

Worth it of course l would say that

[franki8] 27/10/2017 10:32

This is nuts. Billion £ company soon???

[nimbo1] 27/10/2017 10:17

bonkers is all i can say. but good

[doesb003] 27/10/2017 10:17

My ow my, we just breached the 14 pound marker... let's see if it holds!

[hazl] 26/10/2017 21:08

oh dear meant a smiley face

[petewy] 26/10/2017 16:21

what is 8- Kinky?)