RPA and Cognitive Automation: Deciding the Best Automation Technology

Businesses across the globe are going through rapid digital transformation and automation. Cutting-edge technologies like AI, robotics, and IoT are enabling this transformation by enhancing business efficiency and agility. Robotic Process Automation (RPA) and Cognitive Automation are two components of redefining and automating industry-wide business operations. According to a Statista report, the expenditure on Cognitive Robotic Process Automation is expected to reach about 3.62 billion USD globally at a CAGR of 60.9% from 2017 to 2026. Robotic Process Automation (RPA) enables the automation of mundane and repetitive tasks in an organization with maximum accuracy and minimum labour.