The world is perpetually aware of the fact that automation and artificial intelligence are driving business success since the upsurge of the fourth industrial revolution. As the technologies have evolved over the years its operational efficiencies and work ethics have also transformed for better. They have been employed in various genres of processes while outsourcing not only repetitive and physically demanding tasks but also those who would conventionally require human intelligence and cognitive abilities.
The recent information-age is witnessing a rapid acceleration of Intelligent Automation (IA) which is undoubtedly the next evolutionary step in business proficiency. The IA technology amalgamates prevailing automation tools with latest RPA and AI technologies to leverage automation with intelligence across a plethora of processes and business tasks in varied sectors.
The high geared package of intelligent automation imbibes by the capabilities of AI and related technologies including machine learning, cognitive automation and computer vision which are deployed in an organization for treating high volume, repetitive and mundane tasks. The suite of next-gen tools and services harnesses the business processes improvement and assist the laborforce by eliminating replicable and dull tasks while enhancing customer experience with interactive and faster processes.
The AI-driven RPA is capable of imitating activities performed by humans, also improves it for future use through self-learning abilities. Following this, IA technology hones the efficiency and response time of process while truncating the operational risks associated with it.
The usage of intelligent systems, which are capable of self-learning and customer interactions in an independent way, is innovating organizations and industries with accelerated operational efficiencies and increased productivity.
The blended technology strengthens the human workforce with advanced tools and agile processes for faster and accurate intelligent decisions. Businesses adapting IA can avail its infinite perks which include increased process efficiency, improved customer experience, optimized back-office operations, reduced costs as well as risks, optimize workforce productivity, product and service innovation, to name a few.
Additionally, Cobots, Cognitive AI, Virtual Assistants and Consumer AI solutions are some striking technology trends conceived by intelligent automation in recent times.
Leading experts optimistically depict the potential range of future applications of intelligent automation and believe that its cost-saving implications are interesting and benefitting the tech-businesses across the globe.
Looking at the global scenario, South Korea, Singapore, Japan, Germany, and Canada are the countries most prepared for the humungous wave of intelligent automation driven by RPA and AI. Out of these, South Korea significantly leads the index amidst its innovative research environment, education, and labor policies market.
The Global Intelligent Automation Market is evaluated at US$732.9 billion as of 2019 and is expected to reach US$1,439.24 billion by 2014, growing at a CAGR of 11.9%. North America witnessed a significant projection for intelligent automation technology. The IA market in North America was accounted for US$262.4 billion in 2018 and expected to show a CAGR of 10.83 percent by 2024.
The pronounced developments and advancements, empowering the businesses worldwide, is consequently giving rise to a much better, automated and easy to live environment while navigating the digital shift at the workplace. The advents of intelligent automation technology are transforming the organizational operations into future-ready workstation offering demonstrable profits. Intelligent automation is for sure something to consider as one’s business experiments where to allocate future investments with minimal risk.