Articles

RPA Bots and AI-based Analytics are Enhancing the Automation Features for Enterprises

October, 2019

The adoption of automation technologies is impacting heavily across industries globally. The implementation of AI is a huge impetus on automating industrial development & maintenance, along with process automation. It encompasses both hardware automation and software automation for IT infrastructure and business process services.

The service providers play a vital role in the growth of the automation market, and the offerings have improved with the increasing focus on RPA and use cases. The number of activities that are being automated nowadays is growing at an exponential rate. Further, automation is reducing the requirements of resources for many internal operations of organizations.

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The growing competition in the market is compelling organizations to reduce bottom-line expenditure in production and operations. UiPath, Automation Anywhere, Blue Prism, BMC Software, Fixstream, Deloitte, EY, Accenture, Cognizant, and TCS are few of the companies leading in the market. The contribution from bot developers, integrators, and consulting partners is enhancing the ecosystem of intelligent automation.

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There are majorly three functions or areas where AI is being implemented, viz. RPA, AIOps, and industrial automation. All these technologies are pushing enterprises toward automation of repetitive tasks and maintenance. The market is relatively new in Asia Pacific; however, it has great potential to move ahead with the high growth of technologies to reduce major workloads to carry out regular processes and maintenance. There is tremendous hype around automation coupled with AI. The successful deployment of intelligent automation requires process consolidation, standardization, and optimization to identify areas of automation. Many leading service providers are focusing on consulting and implementation of RPA for their clients. Financial services and manufacturing industries are leading in the adoption of intelligent automation technologies. These technologies are playing a crucial role in digital and business transformation. With the advantages of quick ROI and continued benefits for enterprises, the market is witnessing several investments and interest from CXOs.

– Swarup Bhowal
ICT – Research Analyst
Infoholic Research