The Intelligent Automation Market Size is Expected to Hit US$25.9 Billion in 2027
With the digital workplace undergoing fast development, the intelligent automation market is exploding
Intelligent Automation positions enterprises not only to drive productivity with a collaborative machine/people workforce but rather it also helps operate automation technologies more transparently. The global Intelligent Automation market is worth US$13.6 billion in 2022 and is projected to reach US$25.9 billion in 2027, at a CAGR of 13.8%. The intelligent RPA technology is considered a digital strategy for transforming an entire portfolio of business processes to time and cost savings, which are easy to quantify; and increase agility and ease of use, which are tricky to measure. Such technologies provide a structured output with enhanced productivity.
Additionally, IA being an evolved version of automation mimics human actions and possesses cognitive capabilities, including natural language processing, speech recognition, computer vision technology, and machine learning to comprehend the vast amount of structured and unstructured data, analyze, understand and learn it on the go, and intelligently automate processes to bring in more operational efficiency as well as business efficiency.
Moreover, intelligent automation as an amalgamation is a two-way improvement strategy, where automation tools are exposed to huge amounts of data, and machine learning can be leveraged to determine how robots can be programmed to store and filter useful data.
Intelligent RPA bots help with such integration gaps. As they work on the front end they can serve as an easy way to automate integrations. Availing the perks of fully automated procure-to-pay, people can ensure that procurement best practices are followed and a single source of truth exists for all transactions. In an effort to ensure better decision-making for a business process, managers and other team members need to be aware of the progress. Therefore, they require regular progress reports for such functions.
The post The Intelligent Automation Market Size is Expected to Hit US$25.9 Billion in 2027 appeared first on Analytics Insight.
With the digital workplace undergoing fast development, the intelligent automation market is exploding
Intelligent Automation positions enterprises not only to drive productivity with a collaborative machine/people workforce but rather it also helps operate automation technologies more transparently. The global Intelligent Automation market is worth US$13.6 billion in 2022 and is projected to reach US$25.9 billion in 2027, at a CAGR of 13.8%. The intelligent RPA technology is considered a digital strategy for transforming an entire portfolio of business processes to time and cost savings, which are easy to quantify; and increase agility and ease of use, which are tricky to measure. Such technologies provide a structured output with enhanced productivity.
Additionally, IA being an evolved version of automation mimics human actions and possesses cognitive capabilities, including natural language processing, speech recognition, computer vision technology, and machine learning to comprehend the vast amount of structured and unstructured data, analyze, understand and learn it on the go, and intelligently automate processes to bring in more operational efficiency as well as business efficiency.
Moreover, intelligent automation as an amalgamation is a two-way improvement strategy, where automation tools are exposed to huge amounts of data, and machine learning can be leveraged to determine how robots can be programmed to store and filter useful data.
Intelligent RPA bots help with such integration gaps. As they work on the front end they can serve as an easy way to automate integrations. Availing the perks of fully automated procure-to-pay, people can ensure that procurement best practices are followed and a single source of truth exists for all transactions. In an effort to ensure better decision-making for a business process, managers and other team members need to be aware of the progress. Therefore, they require regular progress reports for such functions.
The post The Intelligent Automation Market Size is Expected to Hit US$25.9 Billion in 2027 appeared first on Analytics Insight.
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