WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Web Hosting Domain Name Industry Friday, April 19, 2024 
Add Press Release News | News Feeds Feeds | Email This News Email


Cognitive Process Automation Study 2019: AI Enabling Next Generation RPA Applications - Drivers and Challenges for Adoption
Tuesday, August 13, 2019

DUBLIN, Aug. 13, 2019 /PRNewswire/ -- The "Cognitive Process Automation: AI Enabling Next Generation RPA Applications" report has been added to ResearchAndMarkets.com's offering.

https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

In a connected world, customers across industries are looking for faster and more efficient ways to connect with brands. Companies at the same time are trying to cut manual processes and to automate menial and repetitive tasks in order to reduce their labor costs and to inculcate more efficiency into their business processes. Robotic process automation (RPA) as technology is accurately positioned to address these needs of companies and their customers alike.

Artificial intelligence (AI) as a technology has also been in focus and has been adopted across industries in order to develop self-learning capabilities among business processes. Building AI capabilities in RPA solutions has helped companies offload many of their complicated tasks to AI bots and to make reduce the scope of error in their backend processes

In brief, this research service covers the following points:

    --  RPA and AI- An overview
    --  Drivers and challenges for adoption of RPA in enterprises
    --  Areas of RPA implementation
    --  Use cases and industry activity

Key Topics Covered:

1.0 Executive Summary
1.1 Research Scope
1.2 Research Methodology
1.3. Research Methodology Explained

2.0 Synergies Between RPA And AI
2.1 Robotic Process Automation Allows Companies to Automate a Vast Majority of Menial and Repetitive Tasks
2.2 Intelligent Process Automation will Remain an Undeniable Catalyst of Growth for Businesses in the Future
2.3 Artificial Intelligence Allows Integration of Cognitive Capabilities into RPA, Making it a True Replacement to Manual Workflow
2.4 Automated Chatbots are Highly Scalable and Help Companies Address Sudden Influx of Queries While Reducing MTTR

3.0 Drivers and Challenges
3.1 Business Leaders Globally are Largely Supportive of RPA Implementation and are Aware of Cognitive Automation Technologies
3.2 Favorable Amount of Budget is Being Allocated Toward RPA Adoption and the Spending on RPA is Expected to Grow
3.3 Efficiency Gains, Cost Savings, and Process Standardization are Some of the Key Motivators Behind RPA Implementation
3.4 Companies with Siloed Business Structure and Finding It Difficult to Deal With the Complexities Associated With Process Standardization

4.0 Patent Landscape
4.1 The US and Canada Account for a Major Share of Patents Registered in the Domain of RPA

5.0 Areas of RPA Implementation
5.1 The Transformative Impact of RPA Cuts Across Domains, Helping Companies Bring Efficiency and Automation to Manual Tasks
5.2 The Need for Accuracy in Maintaining and Recording Transactions is Fueling the Adoption of RPA Among Healthcare and BFSI Companies
5.3 Telecom Operators are Making Efforts to Reduce Their Operating Cost and to Handle Large Volume of Customer Requests Using RPA
5.4 RPA in Retail is Being Utilized to Automate Backend Processes with a View to Support Business Models Such as Automated Checkouts

6.0 Use Cases and Market Activity
6.1 Many Leading Players in the Area of RPA are Working Toward Integration of AI-based Functionalities in their Solutions
6.2 BFSI Sector has been one of the Leading Adopters of RPA Solutions Globally
6.3 RPA has Helped Companies Deal With Unstructured Data in Order to Save Time and Costs Associated with Manual Data Entries
6.4 Implementation of RPA has Resulted in Tangible and Significant Time Savings

7.0 Conclusions and Recommendations

8.0 Industry Contacts

For more information about this report visit https://www.researchandmarkets.com/r/x8k1b0

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/cognitive-process-automation-study-2019-ai-enabling-next-generation-rpa-applications---drivers-and-challenges-for-adoption-300900830.html

SOURCE Research and Markets



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav The Internet Society Announces New Appointment to the Public Interest Registry Board of Directors | Apr 18, 2024
Nav Industry Leaders in Learning and Technology Unveil Innovative Talent Solution: Wayfind Talent | Apr 18, 2024
Nav Justt Announces European Headquarters in London to Meet Surging UK and EMEA Demand | Apr 18, 2024
Nav Online Language Classes Market to Reach $28.9 billion, Globally, by 2032 at 14% CAGR: Allied Market Research | Apr 18, 2024
Nav Corero Network Security Enters New Relationship with TierPoint | Apr 18, 2024
Nav TASJEEL.AE UNVEILS INNOVATIVE AI-POWERED DOMAIN SEARCH IN PARTNERSHIP WITH TELECOMMUNICATIONS AND DIGITAL GOVERNMENT REGULATORY AUTHORITY | Apr 18, 2024
Nav Arcfield awarded $93M follow-on contract to continue development of cross-domain cyber solutions with U.S. Air Force | Apr 18, 2024
Nav ETAS and BlackBerry QNX Forge Partnership to Provide the Safe and Secure Foundation for the Software-Defined Vehicle | Apr 18, 2024
Nav The Exponential IT Roadmap: Info-Tech Research Group Publishes Framework to Prepare Organizations for the Future | Apr 18, 2024
Nav DEMAND AT ASIAN FACTORIES RISES AT STRONGEST RATE IN OVER 2 YEARS, IMPROVING NEAR-TERM GROWTH OUTLOOK FOR MANUFACTURING WORLDWIDE: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX | Apr 18, 2024
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News