05/02/2023 Company presentation November 2013 | Public 1

Robots marching in to the office…

Petri KarjalainenSVP, OpusCapita Ventures

Twitter: @PetriKarjLinkedin: www.linkedin.com/in/PetriKarjFacebook: www.facebook.com/PetriKarj

https://www.youtube.com/watch?v=yZ8FouJc6ow

Estimated potential economic impact of technologies from sized applications in 2025, including consumer surplus ($ 1000 billion, annual)

• Automation of Knowledge Work is characterized as one of the key disruptive technologies within the next 10 years with an estimated economic impact of $5200-6700 billion in 2025.

• Oxford University estimates that 47% of the US workforce are at high risk to be replaced by robots within the next 10-20 years, accountants being one of the first categories being affected.

• The same research gives a slightly smaller figure of 36% for Finland (due to Finnish higher education level). However, the figure is still high enough to cause a major turmoil in the society.

• Utilization of early Automation of Knowledge work technologies, like RPA in enterprises, can help prevent the outflow of services jobs and revenue streams into shared service centers located in low cost countries.

Automation of knowledge workThe potential impact of Automation of Knowledge Work on organisations and society is substantial

Sources: McKinsey, Oxford University 2013, Etla , Eera analysis

4

Robotic Process AutomationRPA IS THE FIRST TECHNOLOGY TO START A NEW REVOLUTION AFTER THE ESTABLISHMENT OF INFORMATION SOCIETY

Automation of knowledge work is taking its first steps with RPA being one of the first tool components.

The impact of knowledge work automation will grow to the next level with machine learning (increased width and depth).

McKinsey estimates the potential economic impact of automation of knowledge work to be in the range of $5,2 – $6,7 trillion with components and technologies such as artificial intelligence, machine learning, natural user interfaces and big-data related technologies

Source: Eera analysis

Economic impact of knowledge

work automation

10+ yearsToday 2-3 years

OpusCapita is already using robots“Robots As Accountants”

OpusCapita Accounting Robots: Are using a computer on behalf of a person or

with a person and they can: See and interpret text and pictures Move and click the mouse Write text and numbers

Robots use several IT systems just like a human would use them

Implementation does not require changes to the existing IT systems

Are programmed with ”work shadowing” and writing a logic for exception handling

Work according to preset rules Currently operate as rule based, in the future

utilize statistical analysis and machine learning in the first stages of artificial intelligence

Picture source: http://www.brainstormmarketingproductions.com/

05/02/2023 Company presentation November 2013 | Public 6

Petri KarjalainenTwitter: @PetriKarjLinkedin: www.linkedin.com/in/PetriKarjFacebook: www.facebook.com/PetriKarj