Pandemic brings automation tech to forefront in India: IAMAI-PwC report

New Delhi, 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 $340-350 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.

IA combines the capabilities of robotic process automation (RPA) with smart optical character recognition (OCR), conversational AI and cognitive intelligence.