Artificial intelligence (AI) is being adopted by organizations across the world to make better decisions, to innovate, and to achieve increased efficiency with intelligent automation of business processes.
Everest Group predicts that market for intelligent process automation software and service will reach US$10 billion this year, a CAGR of 40% to 50% from 2020. Everest Group has also shown evidence of advanced adopters of intelligent automation achieving more than a 60% reduction in the cost of running some processes, adding capacity of between 100 and 500 full-time equivalent (FTE) employees, and 100% reduction in process errors thanks to their adoption of intelligent solutions.
