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You are appointed Senior Financial Analyst (SFA) to the Chief Financial Officer (CFO) of a generic bank.
You are approached by the Chief Information Officer (CIO) of the bank on an emerging “great” technology: Robotic Process Automation (RPA) technology, considered by the CIO to deliver efficiency improvements in bank operations by eliminating repetitive processes of staff if not eliminating even significant staff.
Without focusing on the intricacies of the technology, discuss and example a business approach by which you may propose a business methodology to the CFO to evaluate the business potential (or non-potential) of this technology in a 2019 – 2021 period of review, as the Chief Executive Officer (CEO) of the bank is already in favor of pursuit of this technology.
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