The global RPA market is expected to reach USD 3.11 billion by 2025, according to a new study by Grand View Research, Inc. Artificial Intelligence (AI) market which is a core part of cognitive automation is expected to exceed USD 191 Billion by 2024 at a CAGR of 37%. With such extravagant growth predictions, cognitive automation and RPA have the potential to fundamentally reshape the way businesses work.
Cognitive Automation is a combination of artificial intelligence and automation that can provide great benefits for humans. The existence of cognitive automation makes your business strategy more effective and efficient, so that it can provide greater results. More than just a software, cognitive automation is a technology that imitate the way humans think and make decisions with the principle of automation without coding.
Cognitive automation is a powerful combination of Robotic Process Automation (RPA) and Artificial Intelligence (A.I). Cognitive automation can do more than just automation but also complex decision-making which requires human judgement, e.g predictive analysis.
Implementation of Cognitive Automation
Before implementing it, consideration is needed regarding the type of process and the speed of the application that will be used to complete the process, including integration.
Using cognitive automation can provide a variety of benefits, including:
Entering and transferring data (semi-structured or unstructured)
Access or move data and folders (make some intuitive decisions)
Enter into the online or web application (potentially without having to re-do script when synonyms are used)
Check emails and download attachments (ability to "understand" and classify emails and attachments)
The potential is vast. We are living in exciting times indeed.
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