Nowadays, several businesses are investing heavily in Artificial Intelligence and Big Data to bring about their digital transformation.

Companies across all industries can optimize and automate their processes to boost profitability by using data analysis and Artificial Intelligence capabilities, such as system automation or data-based decision-making.

According to the latest IDC research, by 2019, 40% of digital transformation initiatives will be based on Artificial Intelligence. Furthermore, by 2021, 75% of business tools will use this technology. By 2021, the AI Industry is anticipated to represent a market of $57.6 billion.

How AI can transform Enterprise?

1) The era of automation-

AI will offer the boost these enterprises need to automate the business. With IPA (Intelligent Process Automation) not only structured tasks will be automated but also generate intelligence from process execution.

IPA will set to increase the business process transparency, it will optimize back end operations, and improving workforce productivity will increase process efficiency and customer experience.

Owing to these benefits, the IPA market is expected to be worth $13.75 billion by 2023.

2) Cutting edge analysis-

In the company, AI will be leveraged to conduct extensive data analysis in less time to enhance the efficiencies of business processes, products and services.

AI can evaluate usage trends and then provide in-depth insights that bring data-driven decision-making to the next level.

From predictive analytics for business development to risk management and planning, AI can be leveraged to make the enterprise smarter.

3) Intelligent customization capabilities-

In the company, AI will be leveraged to conduct extensive data analysis in less time to enhance the efficiencies of business processes, products and services. AI can evaluate usage trends and then provide in-depth insights that bring data-driven decision-making to the next level.