Kevin Kroen, Partner, Financial Services, Intelligent Automation Leader, PWC sits down with Jeff Frick at Automaton Anywhere Imagine 2018 in NYC.
Robotics process automation opens gateway to digital transformation, but is it secure?
https://siliconangle.com/2018/06/08/robotics-process-automation-opens-gateway-digital-transformation-secure-imaginenewyork18/
Increased productivity and simplified operations are immediate benefits from introducing bots into the workplace, but what are the security risks as companies welcome bots onboard? And how much autonomy will they have to make decisions?
“There’s a lot of concern around not only understanding the technical aspects to how the tools work with different types of security technologies, but more looking at your approach to entitlements and your approach to how you actually manage who has access to code bots, to deploy bots in production,” said Kevin Kroen (pictured), partner, financial services advisory – digital, at PricewaterhouseCoopers LLC. “How are we going to monitor what happens?”
Kroen spoke with Jeff Frick (@JeffFrick), host of theCUBE, SiliconANGLE Media’s mobile livestreaming studio, during the Imagine 2018 event in New York City. They discussed robotics process automation, or RPA, in financial services. (* Disclosure below.)
Get comfortable with RPA, then incorporate artificial intelligence
The U.S. finance industry is coming out of cycle of focus on regulatory compliance and looking toward allocating resources to digital transformation. RPA is “the perfect technology in the right place at the right time from a current business environment, a current technology spend perspective,” Kroen said. “RPC gives you a chance to kind of incrementally go digital over time, and I think that’s definitely the direction we see a lot of our clients wanting to go in,” he added, explaining how PwC clients are able to use RPA as a “gateway drug” to incrementally transform by gradually layering other digital processes on top.
However, even the first step to full automation has risks. Providing a person with information that enables them to make an informed decision is very different to giving a bot the authority to make that decision itself. And Kroen admitted that there are many questions still to be answered when it comes to allowing bots access to sensitive information and critical tasks.
“How are we going to get our auditors, our operational risk folks, our regulators — how are we going to get all our different stakeholder groups comfortable that we have a well-controlled, well-functioning bot infrastructure that exists?” Kroen asked.
(* Disclosure: TheCUBE is a paid media partner for Imagine 2018. Neither Automation Anywhere Inc., the event sponsor, nor other sponsors have editorial control over content on theCUBE or SiliconANGLE.)
@Automation Anywhere #AutomationAnywhere @SiliconANGLE theCUBE #theCUBE @theCUBE @PwC #PWC #RPA
Forgot Password
Almost there!
We just sent you a verification email. Please verify your account to gain access to
Automation Anywhere Imagine 2018 | New York. If you don’t think you received an email check your
spam folder.
Sign in to Automation Anywhere Imagine 2018 | New York.
In order to sign in, enter the email address you used to registered for the event. Once completed, you will receive an email with a verification link. Open this link to automatically sign into the site.
Register For Automation Anywhere Imagine 2018 | New York
Please fill out the information below. You will recieve an email with a verification link confirming your registration. Click the link to automatically sign into the site.
You’re almost there!
We just sent you a verification email. Please click the verification button in the email. Once your email address is verified, you will have full access to all event content for Automation Anywhere Imagine 2018 | New York.
I want my badge and interests to be visible to all attendees.
Checking this box will display your presense on the attendees list, view your profile and allow other attendees to contact you via 1-1 chat. Read the Privacy Policy. At any time, you can choose to disable this preference.
Select your Interests!
add
Upload your photo
Uploading..
OR
Connect via Twitter
Connect via Linkedin
EDIT PASSWORD
Share
Forgot Password
Almost there!
We just sent you a verification email. Please verify your account to gain access to
Automation Anywhere Imagine 2018 | New York. If you don’t think you received an email check your
spam folder.
Sign in to Automation Anywhere Imagine 2018 | New York.
In order to sign in, enter the email address you used to registered for the event. Once completed, you will receive an email with a verification link. Open this link to automatically sign into the site.
Sign in to gain access to Automation Anywhere Imagine 2018 | New York
Please sign in with LinkedIn to continue to Automation Anywhere Imagine 2018 | New York. Signing in with LinkedIn ensures a professional environment.
Are you sure you want to remove access rights for this user?
Details
Manage Access
email address
Community Invitation
Kevin Kroen, PWC | Automation Anywhere Imagine 2018
Kevin Kroen, Partner, Financial Services, Intelligent Automation Leader, PWC sits down with Jeff Frick at Automaton Anywhere Imagine 2018 in NYC.
Robotics process automation opens gateway to digital transformation, but is it secure?
https://siliconangle.com/2018/06/08/robotics-process-automation-opens-gateway-digital-transformation-secure-imaginenewyork18/
Increased productivity and simplified operations are immediate benefits from introducing bots into the workplace, but what are the security risks as companies welcome bots onboard? And how much autonomy will they have to make decisions?
“There’s a lot of concern around not only understanding the technical aspects to how the tools work with different types of security technologies, but more looking at your approach to entitlements and your approach to how you actually manage who has access to code bots, to deploy bots in production,” said Kevin Kroen (pictured), partner, financial services advisory – digital, at PricewaterhouseCoopers LLC. “How are we going to monitor what happens?”
Kroen spoke with Jeff Frick (@JeffFrick), host of theCUBE, SiliconANGLE Media’s mobile livestreaming studio, during the Imagine 2018 event in New York City. They discussed robotics process automation, or RPA, in financial services. (* Disclosure below.)
Get comfortable with RPA, then incorporate artificial intelligence
The U.S. finance industry is coming out of cycle of focus on regulatory compliance and looking toward allocating resources to digital transformation. RPA is “the perfect technology in the right place at the right time from a current business environment, a current technology spend perspective,” Kroen said. “RPC gives you a chance to kind of incrementally go digital over time, and I think that’s definitely the direction we see a lot of our clients wanting to go in,” he added, explaining how PwC clients are able to use RPA as a “gateway drug” to incrementally transform by gradually layering other digital processes on top.
However, even the first step to full automation has risks. Providing a person with information that enables them to make an informed decision is very different to giving a bot the authority to make that decision itself. And Kroen admitted that there are many questions still to be answered when it comes to allowing bots access to sensitive information and critical tasks.
“How are we going to get our auditors, our operational risk folks, our regulators — how are we going to get all our different stakeholder groups comfortable that we have a well-controlled, well-functioning bot infrastructure that exists?” Kroen asked.
(* Disclosure: TheCUBE is a paid media partner for Imagine 2018. Neither Automation Anywhere Inc., the event sponsor, nor other sponsors have editorial control over content on theCUBE or SiliconANGLE.)
@Automation Anywhere #AutomationAnywhere @SiliconANGLE theCUBE #theCUBE @theCUBE @PwC #PWC #RPA
