Intelligent Automation Sees Exponential Market Growth
Businesses are starting to recognize the value of intelligent automation and are investing heavily in the technology. The Global Intelligent Process Automation Market size is expected to reach $15.8 billion by 2025, rising at a market growth of 12.5% CAGR during the forecast period. Intelligent automation can be scaled across the organization within various different departments to provide quick, stream-lined, automated operations. Automation has been around for a long time but is starting to gain more momentum now. At first, it commenced with machines assisting human beings at assembly stations to perform easy assignments. Around the year 2015, companies started adopting robotic process automation (RPA) to mimic human behavior to perform automated back office operations.
Over the last few years, we also saw growth in the variety of AI/ML technologies that are being leveraged to enable trained automation behavior and learning behavior, enabling the continuous performance improvement of automation over time. Today, cognitive algorithms are incorporated to replicate human reasoning, respond to exceptions and errors, and make corrective actions where necessary. Intelligent automation is now evolving into a SaaS-based digital workforce that is customizable, pre-built, ready to deploy, and available on demand.
The Value of Intelligent Automation is Multi-Fold
Implementing intelligent automation in your business processes helps you:
- Reduce business process costs: By automating complex business processes, you can save time for each resource and cut operational costs, while improving control and compliance across the organization.
- Increase human productivity and process efficiency: Improve the work experience for human employees and remove the transactional layer of work, minimizing human errors and improving process efficiency.
- Get back more time for innovation: With automation allowing more time and
resources, businesses can foster an environment of innovation and refocus on
pending projects that never see the light of day.
Intelligent automation takes the robot out of the human and enables a cost-effective solution of conducting day-to-day operations. HighIQ offers customizable, pre-built, ready-to-deploy intelligent automation solutions that enable you to get set up and running in few minutes with minimal IT support and realize the value of automation in just a few days instead of weeks and months.
Automation, powered by artificial intelligence, enables every team to accelerate their digital transformation and opens up new business opportunities. Whether you’re just getting started with your automation journey or looking to expand and scale automation across your organization, HighIQ can be your trusted partner in building and deploying intelligent automation.
Prabhat Kishore Jena is pursuing his Journalism and Mass Communication from Amity University, Noida. He has over 2 years of experience in the field of content writing with a specialization in Technology, Lifestyle, Sports, and Economics. He also has experience in marketing and graphic design. Prabhat is a motivated, adaptable, and responsible writer aiming to grow in the media industry. He is also a professional badminton player and a freelance photographer.