Press release
Intelligence Process Automation Market (AI & ML) 2021 - 2027 Report By Whipsmartmi
Intelligence Process Automation Market is projected to grow up to USD 22.73 billion by 2027 growing at a CAGR of 13.4% during the forecasting period 2021-2027.Artificial intelligence and machine learning robotics are integrated in intelligent process automation. The key aim of integrating this technology into systems is to allow companies to benefit from the automated functionality and processes that it offers. As a result, intelligent process automation is a form of automation that is used to streamline workflow and build smart business processes
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Along with achieving operational productivity, technology also assists in enhancing employee performance and effectively reacting to customers. As a result of this integration of technology, end users benefit from automation capabilities that greatly improve market value and competitive advantages. Intelligent process automation has many advantages, including good governance and risk reduction, integration of work between machines, people, and systems, end-to-end visibility of processes and the customer journey, and agility and pace of process transition, all of which contribute to its market acceptance.
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Intelligent process automation is a state in which companies need to deliver data to customers but manual processes, such as managing insurance claims or automating customer requests, take up a lot of time. As a result, introducing intelligent process automation reduced time and increased business productivity. For example, Bancolombia, one of Latin America's largest banking companies, is using bizagi as its intelligent process automation platform to boost customer service both digitally and in-branch, enabling robots and humans to interact more effectively.
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Messages from cell phone users are often repetitive, requesting small changes to their schedule. Changes in address, removing a mark from their provision plan, and providing their phone bill are all common requests. These are all minor changes that add up to several hours. Natural language processors can search and monitor the determined of an inward user message in intelligent process automation. It provides an automated reply, reminds the customer of their current plan on a regular basis, or routes the message to the appropriate department based on the message content. As a result, telecom operators are gradually embracing intelligent process automation platforms.
By Verticals:
The Intelligent Process Automation market report has been categorized as below
By Component
Solutions
Services
By Technology
Natural Language Processing
Machine & Deep Learning
Neural Networks
Virtual Agents
Mini Bots & RPA
Computer Vision
Others
By Application
IT Operations
Business Process Automation
Application Management
Content Management
Security
Others
By Vertical
BFSI
Telecom & IT
Transport & Logistics
Media & Entertainment
Retail & Ecommerce
Manufacturing
Healthcare & Life Sciences
Others
By Region
North America
Europe
Asia Pacific
Rest of World
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