SINGAPORE – May 1, 2019 – AntWorks, the global provider of artificial intelligence and intelligent automation solutions powered by fractal science, today unveiled ANTstein SQUARE, a fullstack solution that enables non-technical business users to automate end-to-end business processes quickly, easily and in a scalable manner. The industry’s first integrated automation platform (IAP) of its kind, ANTstein SQUARE is a multitenancy solution that allows for maximum bot utilisation, understands all types of data, and provides customers with a one-stop solution for data curation and building, deploying and managing an AI-enabled smart digital workforce.
“ANTstein SQUARE automates the entire business process – not just discrete tasks. The focus at AntWorks has always been to deliver straight-through processing for clients, which then can deliver real and accountable business cases. That’s unlike what Gen 1 RPA promised,” said Asheesh Mehra, AntWorks Group CEO and co-founder.
“The AntWorks ANTstein SQUARE platform curates, transports and uses machine learning simultaneously to give enterprises the seamless automation journey they are looking for,” added Mehra. “The platform addresses every data type, so businesses don’t miss out on the value of various forms of unstructured data, which account for 80% of enterprise data. The world has always measured human productivity and not measured bot productivity. ANTstein SQUARE measures how productive the bot is, and it brings in a unique cognitive responsiveness framework, multitenancy for collaborative working, failover recovery, and many more features, which will let organisations realise the true power of a seamless automation journey.”
This AntWorks solution addresses a wide variety of business verticals and horizontal applications. That includes banking, healthcare and life sciences, insurance, media and entertainment, mortgage processing, technology, telecommunications, and transportation and logistics businesses. When combined with deep domain, the fullstack allows for deep automation and process-focused industry solutions like tax accounting, title search and trade finance.
Rick Koo, digital works leader at Mercer, said, “AntWorks’ fullstack integrated automation platform is a compelling technology solution. While evaluating vendors for our digital transformation project, we were impressed with AntWorks’ capability and vision. They are great partners and are willing to go beyond in terms of commitment and effort and display total collaboration and transparency. We appreciate their strength and focus in using a business-led approach, instead of a technology-led approach, to problem solving.”
The process-focused background of AntWorks’ founders gives them a unique vantage point on automation. That is reflected in the product strategy – the product is not “a ready-made suit.”
“We understand the business process,” said Mehra. “We have created a technology stack with a process journey in mind. We focus on ease of use so our customers can consume complex technology without difficulty. And we’ve tailored the AntWorks solution for their needs across industries and processes.”
AntWorks’ early focus on data first as a strategy is playing out well in a market pivoting away from RPA and taking a holistic view of automation. “We have been focused on addressing the data challenge, as that is the fountainhead for all downstream automation in an enterprise, be it robotics or machine learning. Transforming your data into information that processes can consume lies at the heart of automation success. With ANTstein SQUARE, we have shifted the paradigm from digitisation to automated data curation,” said AntWorks COO and co-founder Govind Sandhu.
“Companies have seen the light of automation,” said Sarah Burnett, executive vice president and distinguished analyst at Everest Group. “They are automating more and more parts of their processes. These require different kinds of technologies, and AntWorks’ ANTstein brings key advanced and intelligent technologies together in one platform.”
Cognitive Machine Reading and fractal technology, a deterministic science used by respected entities such as NASA and Rolls-Royce, are central to AntWorks’ unique value proposition.
ANTstein SQUARE’s use of fractal technology allows it to rely on relatively small data sets to train the engine. Businesses benefit because smaller data sets mean higher accuracy, less infrastructure and quicker training time. First-generation neural technology-based RPA solutions require much bigger data sets. “Fractal just seems more fit for what we are trying to do,” said Mehra.
Advanced technology helps power ANTstein SQUARE, but people don’t need developer skillsets to use this solution. Anybody can create bots via a drag-and-drop process using ANTstein SQUARE’s library of 106 key pre-coded components and 257 subcomponents.
Once created, ANTstein SQUARE bots are extremely efficient. One bot can serve multiple roles. AntWorks’ multitenancy feature allows multiple bots to work simultaneously, and with humans, on a single desktop. That reduces the hardware, power and real estate resources businesses need to support their automation efforts. This model is much less resource-intensive than the first-generation RPA approach, which required one desktop for every bot.
AntWorks is pushing the industry to look beyond desktop bot-based task automation. It is bringing operations management principles like workforce management, bot productivity and business process continuity into its platform. The company’s unique architecture employs a Queen bot to analyse the bot colony. If a bot fails or is not keeping up, the queen can see that and reallocate work in real time for optimal results.
AntWorks is a global artificial intelligence and intelligent automation company, creating new possibilities with data through digitisation, automation and enterprise intelligence. As the world’s only platform that understands every data type, ANTstein digitises every bit of information for a diverse range of industries. By creating human-like bots in a low-code/no-code environment, ANTstein innovates new ways to automate complex processes. AntWorks’ solutions power up enterprises with accurate insights through an integrated, intelligent, technology stack that automates and learns independently. Put simply, it accelerates the new, constantly. ANTstein is also the first and singular enterprise intelligent automation platform powered by fractal science principles and pattern recognition. For more information, visit www.ant.works.