Cognitive automation is an emerging technology that combines artificial intelligence (AI) and robotic process automation (RPA) to create intelligent software systems that can learn, reason, and make decisions like humans. This technology can enable organizations to automate complex and repetitive business processes, reduce errors, and increase efficiency and productivity. In this post, we will explore what cognitive automation is, how it works, and its potential benefits for businesses.
According to a report by Grand View Research, the global cognitive automation market size is expected to reach $16.45 billion by 2028, growing at a CAGR of 44.9% from 2021 to 2028.Cognitive automation refers to the use of artificial intelligence (AI) technologies such as natural language processing (NLP), machine learning (ML), and robotic process automation (RPA) to mimic human thought processes and automate complex tasks. This technology is designed to help businesses reduce operational costs, improve accuracy and efficiency, and enable employees to focus on higher-value tasks. With cognitive automation, businesses can optimize their business processes, streamline their workflows, and make better decisions based on data-driven insights. The technology is particularly useful for tasks that require a high degree of cognitive thinking, such as natural language understanding, predictive analytics, and decision-making.
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