Understanding What is Cognitive Automation
We expect the global RPA market to reach USD 3.11 billion by 2025, according to a new study by Grand View Research, Inc. The 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 reshape the way businesses work.
Cognitive automation is a combination of artificial intelligence and automation that can provide significant benefits for humans. The existence of cognitive automation makes your business strategy more effective to provide greater results. More than just software, cognitive automation is a technology that imitates the way humans think and makes decisions with the principle of automation without coding.
Cognitive automation combines 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 judgment, e.g. predictive analysis.
Implementation of Automation
Before implementing it, we need consideration regarding the process and the speed of the application that will complete the process, including integration.
Using 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 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)
There is plenty of potential for automation in today’s world.
Written by: Jimmi Chandra