Difference Between Artificial Intelligence and Intelligent Automation
How can we define intelligent automation and what is it that makes it different from artificial intelligence?
Find out more about the ways IA can transform businesses
Intelligent automation (IA) also known as hyper-automation, is the term used to describe a set of tools that enable white-collar knowledge procedures to become automated across a range of sectors, including banking, health, engineering law, retail, and others. It is designed to deliver results for businesses using automated processes that require minimal human involvement, enhancing the knowledge of employees and freeing them to focus on more collaborative and creative tasks.
Intelligent automation boosts efficiency (speed efficiency, cost-effectiveness and flexibility of the process) and efficiency (quality as well as compliance and ultimately, customer and employee satisfaction). It’s reliable and available anytime, it’s flexible and adaptable to virtually any business or industry It’s also easily accessible and user-friendly.
Distinguishing Intelligent Automation from Artificial Intelligence
- Although artificial intelligence is an overused term in many instances, intelligent automation can be extremely practical and pragmatic. “While AI is often surrounded by Hollywood-style levels of hype and fear, IA is a realistic Wall Street-to MainStreet strategy for business, backed by a suite of tools that can be used to change the way we work”.
- Intelligent automation is not simply an additional term used to describe artificial intelligence (AI) Although AI and intelligent automation do have a lot in common.
- It’s not easy to distinguish between IA artificial intelligence (AI) and robotics as well as other Business Process Management (BPM) systems because the lines between these are constantly blurred and changing.
- Robotics is the automated execution of simple, precise, repetitive tasks that are predictable and predictable and encompasses both physical robots as well as software robots.
- BPM platforms enable businesses to streamline their processes as well as analyzed, improved and automate. They are typically tools that are operated by humans directly.
- Artificial intelligence makes use of methods like deep and machine learning to recreate human behavior and intellect. It is more complicated than a basic program or set instructions. it learns from its surroundings or its previous behavior. It can make choices but it doesn’t be able to perform tasks based on these decisions.
- Automated systems, BPM and AI all have a commonality and intelligent automation is at the crossroads between them.
- Intelligent automation encompasses software robots, not mechanical robots Industrial artificial intelligence, however, is not AI employed in games or in the arts as well as BPM platforms that show some kind of intelligence however, they do not have the capability of supporting end-to-end processes.
The Future of Intelligent Automation
Intelligent automation is quickly adopted and will significantly alter the nature of work knowledge.
In the meantime, IA capabilities are developing very quickly while the IA and AI sector is experiencing rapid growth in companies like Airpath expanding from a 40-person company to a $7billion business within just five years as well as the amount of AI startups growing 14 times over the last 10 years.
Based on my research the potential impact of IA is 84 per cent in the US workforce. This includes those who work in transportation, trade business, finance engineering, education, leisure, health and the federal government.
The rise of automated systems has often been linked with it being the Industrial Revolution in agriculture and manufacturing. But, while it was true that the Industrial Revolution took place gradually over a few centuries and was a digital process, the nature of IA implies that technology will advance faster without being hampered by the limitations of needing to create and transport large machines. This means that it will be able to make similar changes to the work environment and society within a shorter period.
Similar to the way tractors helped the farmers of old, IA tools will significantly boost the productivity of workers. This will reduce the number of employees needed to accomplish the same or higher output. This could be detrimental to work in the short run but will benefit society as a whole over the long run.
Automation in agriculture has reduced the number of farms that are required to provide food to America from almost 100% of the population down to 3.3%, which increased production enough to virtually end malnutrition and hunger and allowing the remaining 97% of people to pursue different professions to ensure that the people of our country can enjoy modern medical technology, universal education until 18 years old, household technology that reduces labor and the internet, as well as numerous recreational activities, and, soon.
From Facebook chatbots to machine learning, to the lights that illuminate factories, and the increase in robotics and IoT (Internet of Things) connected supply chains, the maturation of artificial intelligence has created an explosion of excitement and trepidation all over the companies.
What are the benefits for Businesses of Intelligent Automation?
Intelligent automation allows massive data analysis and increases productivity. According to IBM each day, we produce 2.5 trillion bytes of information which means that 90 per cent of all the data that exists currently in use was created in the past two years.
With the advent of mobile technology and the growing digital infrastructure nowadays, data and information are all around us.
For businesses that are driven by data-driven data, this data abundance can be both a blessing and an affliction, since there comes a time when humans’ ability to manage huge amounts of complicated data is no longer feasible due to the massive amount of data.
This is where artificial intelligence is a factor. Although intelligent devices like Alexa, Siri and Cortana are used every day by millions of people, shortly, customer service is expected to be revolutionized with the advent of chatbots and self-driving vehicles. will be a major feature on our roads within the next decade, and the health care industry will more often rely on advanced diagnostic tools.
However, intelligent automation will help in enabling massive data analysis as well as improved productivity.
By implementing intelligent automation solutions organizations can increase their capacity to analyze and process information through automation, basically doing the “heavy lifting”.
In contrast to simple process automation, Intelligent automation can be able to comprehend the processes that are crucial to the organization’s operation.
They can make smart decisions based on the data available to give businesses the exact information they require.
Ideally, to reap the maximum benefits of automation that are intelligent, it must be integrated within a clearly defined process environment in which humans can examine and accept machine-generated decisions for better results.
Intelligent automation is economical and extremely accurate
In today’s complex digital world, manual processing and analysis are inefficient and inefficient. It is also error-prone. Intelligent software allows for reliable, accurate and consistent analysis, something that is not possible for humans to perform on a large scale.
The intelligent automation program is capable of handling the majority of routine manual tasks on an enormous scale, like testing a set of processes within an environment of cloud computing or performing thousands of data-driven scenarios to guarantee accuracy?
Intelligent automation is the key to success. Once the procedures have been refined and tested companies can now automate back-end processes, scenario data capture, analysis, and more without supervision, while other tasks are in progress.
Intelligent automation is the driving force behind innovations
According to the Royal Society’s newly published study Machine learning The potential and power of machines that learn through the example discovered the growing acceptance of the possibilities of machine learning to tackle large-scale social issues like climate change.
In the end, despite the differences between intelligent automation and artificial intelligence, technologies continue to penetrate the work environment.
Therefore, it is essential that organizations not only incorporate both of the technologies to guarantee future success but also comprehend what the distinction between AI and Intelligent Automation will help them be more efficient overall and implement them in the correct areas of their business.
As we transition to an increasingly digital society, intelligent automation offers a fantastic opportunity for companies to be more responsive to the demands of the market. Organizations that implement intelligent automation today to help support their current staff will be in a great position in the future!
How Artificial Intelligence and Intelligent Automation Will Affect Future Of Work?
Anyone who wants to better serve its customers and beat its closest competitors must reevaluate its processes, people and technological capabilities often. From cloud computing and big data to the automation of artificial intelligence new technological advances are changing the work environment and business environment for the better.
In actuality “the future of working” is coming pretty quickly changing traditional business practices and thinking processes in the process. The future also will be a lot of automation. At the same time, the WEF forecasts that 97 million jobs will be created which is a total gain of 12 million new jobs.