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Pandemic brings automation tech to forefront in India: Report
Updated On: 12 May, 2021 09:40 AM IST | New Delhi | IANS
IA combines the capabilities of robotic process automation (RPA) with smart optical character recognition (OCR), conversational AI and cognitive intelligence.
Photo for representational purpose. Picture Courtesy/iStock
The Covid-19 pandemic has brought automation technologies to the forefront and the Intelligent Automation (IA) market in India is estimated to grow at a compound annual growth rate (CAGR) of 55 per cent, with large enterprises expected to spend nearly USD 340-USD 350 million in IA capabilities in 2024, a new report said on Monday.
The overall expenditure is expected to exceed this figure since the market now also includes start-ups and various SMEs.
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