What is Intelligent Automation?
Intelligent Automation, also called Hyperautomation, is a concept leveraging a new generation of software-based automation.
It combines methods and technologies to execute business processes automatically on behalf of knowledge workers.
This automation is achieved by mimicking the capabilities that knowledge workers use in performing their work activities (eg. language vision, execution, and thinking & learning).
The goal of using Intelligent Automation is to achieve a business outcome through a redesigned automated process, with no or minimal human intervention.
As a result, Intelligent Automation increases process speed, reduces cost, enhances compliance and quality, increases process resilience, and optimizes decision outcomes.
Ultimately, it improves customer and employee satisfaction and boosts revenues.
This definition has been written by the authors, inspired by IEEE Std. 2755-2017.
an option to a condition of survival
Market
Intelligent Automation (IA)
Worldwide market for technology that enables organizations to rapidly identify, vet and automate as many processes as possible
- “Hyperautomation/Intelligent Automation market” incl. IPA/RPA, AI, integration Platforms, BPM/iBPMs, no/low code automation tools,..) will reach ≈ $600 Billion in 2022 (Gartner, Inc.),
- Including $22 Billion by 2028 for IPA (Intelligent Process Automation) growing at a CAGR of 12.37% (verifiedmarketsearch)
By 2024
enterprises will have
+70 concurrent
hyperautomation initiatives
By 2025
enterprises will have
+70 concurrent
hyperautomation initiatives
quarterly growth for IA
solutions demand (Gartner, Inc.)
save Millions of lives
per year2
The Problems
do not yet achieve a positive ROI3
of organizations are struggling with the identification of IA business use cases, and it represents +50% of the overall cost of their digital transformation
is paradoxically complex, full of project gates, manual steps, and time consuming. Time to value often lasts for months or even years.
Most CEOs recognize the need for structural changes on this topic but only 62% said they have a transformation program to make their business more digital and automated4.
At IAC we believe there is a better way.
And we are on a mission to effectively industrialize IA, and dramatically reduce any adopter’s Time to Value.
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