Wednesday, April 24, 2024

    What Is Intelligent Automation and Why Is a Core Business Driver?

    The capabilities of machine learning and artificial intelligence are constantly expanding, which increases their popularity among businesses wishing to deploy technologies tailored to their needs. Nevertheless, it’s worth noting that there are even more innovative solutions like intelligent automation platforms that help organizations to discover their potential, and unlock new opportunities by getting actionable insights on how to succeed. How is intelligent automation connected to digital transformation and business growth?

    What is intelligent automation?

    Intelligent process automation, also referred to as cognitive process automation, is the combo of advanced technologies such as robotic process automation (RPA), intelligent automation (IA), and business process management (BPM) aimed to facilitate business and operational processes, get a real-time picture of organizations workflows and adapt the strategy to the dynamic market in order to stay competitive.

    Core components of intelligent automation

    Intelligent automation comprises three components that bring the digital transformation, and make it possible to automate the processes across the marketing, sales, and operations departments:

    • Data integration – involves gathering data from various sources to the final destination and presenting the data in a transparent way. Intelligent automation platformslikePut It Forwardhelpgetrid of manual processes, and integrate on-premises and cloud-based systems and applications without coding.
    • Process and workflow automation – this is a vital part of intelligent process automation. It allows business leaders like shifted magazine to automate non-routine tasks, get cross-platform insights, and access a 360-degree view of customer data to make successful decisions.
    • Artificial intelligence – AI deploys advanced algorithms and machine learning to structured and unstructured data. This helps organizations to create prediction scenarios based on historical data. Effective prediction models are the cornerstone of every reliable intelligent automation tool.

    How do organizations benefit from intelligent automation?

    Embedding an intelligent automation platform to large organizations and enterprises helps to:

    • automate end-to-end business processes and workflows
    • effectively process high volumes of data
    • monitor data and trace processes from their launch to completion
    • eliminate human errors in data collection and analysis
    • move employees from routine to more strategic activities
    • win extra time to work on new opportunities and scale the business
    • reduce business and operational costs
    • accelerate decision-making with real-time insights.

    Applications of intelligent automation

    Intelligent process automation reduces the number of tasks performed manually and would be otherwise costly, resource-intensive, time-consuming, and error-prone.

    The use of an intelligent automation platform drives efficiencies in different market sectors, and segments, such as:

    • Insurance – IA makes it possible to automate rate calculations, payments, as well as appraisal and claim data processing. With its use, insurance companies can effortlessly comply with the binding regulations and benefit from predictive analytics to estimate appropriate insurance rates.
    • Automotive – IA is a driver of efficiency and improved collaboration that helps automotive organizations to react to changes in supply and demand. It eliminates manual workflows between the departments, automates routine and repetitive tasks that take extra time and cost, and prevents human errors in support, production, and procurement.
    • Life sciences and healthcare- these two segments require working with a huge volume of data to gather, process, and analyze. The use of an intelligent automation tool helps to accelerate the data processing and manage the data in a secure way.

    What is the future of intelligent automation?

    The value of intelligent process automation is constantly growing. As IA enables automation of non-routine business processes, organizations benefit from their operational costs, saving time and optimizing workflows. Considering the human-error proneness, intelligent automation helps employees to work on more strategic tasks that directly impact the revenue. One can be stated for sure, that there is no continuous business growth and success without intelligent process automation.

    Maria Jones
    Maria Jones
    A Business Analyst who is always sharing business tips as well as career tips. She is passionate about the latest trends of business & implementation.

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