Most Companies are now implementing Intelligent Automation Technologies

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Technology growth is in full motion and moving the innovations toward digitization. Most IT tech developers are struggling to provide efficient software solutions to simplify the work. Intelligent Automation is an effective example of technological advancement. Moreover, Intelligent Automation is a combination of artificial intelligence and automation.

The upsurge in intelligent automation has innovated an efficient way to handle and process data. Most Intelligent automation systems have the sense to arrange a massive amount of information. These systems can automate all data flow and operational processes in an organization or a company. They are now assisting a huge number of businesses to meet the demand with increased efficiency.

Most of the advancements came in the last couple of years based on industry-wide implementation. The following is the intelligent automation implementation in different industries based on a recent survey.

Intelligent Automation in Banking Sector

The banking sector around the world is using Intelligent Automation in banking operations. This technology has enhanced the customer experience and helped to accomplish operational activities efficiently. The most progress discovered in both retail and commercial banking with the deployment of automation.

The survey indicates just 15% of BSFI companies have fully accepted and implemented intelligent automation in their organizations. Around 55% of them have deployed the RPA (robotic process automation) to assist their organization. They have planned to use RPA to advance process perfection and enhance service quality.

Automation in Retail & Consumer Items

Intelligent automation tech is providing more benefits for advanced customer experience and efficient on-demand delivery. Most retailers and brands are now implementing intelligent automation at a considerable speed. The survey also said that around 80% of participants are expecting to adopt intelligent automation in retail and consumer items.

Most businesses expect their executives to seek to implement this technology for customer intelligence very soon. Around 40% of respondents said their organizations have already implemented some forms of intelligent automation. Various companies in retail and consumer items said the capabilities of intelligent automation can help to improve annual revenue growth.

Intelligent Automation in Energy and Utilities

The global energy and utility sector is experiencing a groundbreaking transformation for clean, cheap, safe, and reliable energy. This sector previously underestimated the potential of intelligent automation. Around 15% in the survey were found deploying multiple forms of technology. However, just 18% of organizations are implementing quick-win use of the tech.

They were using this technology for energy trading, forecasting, and various other operations. The survey report said this sector is already getting benefits from automation. It has boosted their operations, top-level growth, and customer satisfaction compared to other industries. At least 40% of companies increased operation quality and 81% reported improved customer experience.

Automation in Pharmaceutical Sector

The recent advancement in AI (artificial intelligence) has transformed the way of operation for most businesses. It provides support to streamline different processes and prevent workers from repetitive tasks. This progress is helping to create a new generation of healthcare items to enhance the patient’s experience. Around 40% of the companies have reportedly deployed intelligent automation.

Intelligent Automation in Manufacturing Industry

Intelligent automation is powerfully established with digital transformation through enterprises and industries. The enhancement in technology such as Industry 4.0, Machine-to-Machine communication, and the Internet of Things are some examples. However, manufacturers can boost efficiency and optimize operations with faster processes.