Luceats Point of view – 3A Transformation Journey
The global robotic process automation (RPA) market size is expected to reach USD 3.97 billion by 2025, according to a new study by Grand View Research, Inc. Different organizations across multiple vertical domains and sectors are increasingly challenged by the growing competition due to shift in technology, customer awareness and preferences.
The adoption of Artificial Intelligence (AI) and automation solutions has enabled organizations to tackle such challenges while meeting consumer expectations. In current transformation journey initiatives another key factor got added, “Analytics”. 3As are core of intelligent & cognitive automation.
Robotic Process Automation (RPA): handles repetitive and rule-based tasks without human intervention. Thus, RPA enables organizations to automate repetitive functions and focus more on core business tasks.
Artificial Intelligence (AI): AI is all about trying to make machines or software mimic, and eventually supersede human behavior and intelligence.
Smart Analytics: Data Analytics enabled with RPA provides large volume of process data for inspecting, cleansing, transforming and modeling with the goal of discovering useful information, informed conclusion and supporting business decision-making
While 3A Intelligent Smart Automation component of each facet has a distinct value proposition (RPA drives efficiency, Smart Analytics improves decision-making, and AI can solve business problems), there is increasing convergence between the three elements. For instance, smart analytics are increasingly reliant on AI tools such as NLP to conduct search-driven analytics, neural networks to do data exploration, and learning algorithms to build predictive models.
Team at Luceats is engaged with several clients in their automation and transformation journey.
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