Companies squeezed between inflation and slow growth are embracing advanced, end-to-end automation, ISG Provider Lens report says
Enterprises in the U.K. are expected to increase investments in intelligent automation technologies to reduce costs as the nation’s economy suffers through a stagflation crisis, according to a new research report published by Information Services Group, a leading global technology research and advisory firm.
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“Automation is improving many aspects of business, employee and consumer life, in areas not even anticipated a few years ago”
The 2022 ISG Provider Lens Intelligent Automation — Services and Solutions report for the U.K. finds that automation has been going through a revolution in the U.K. and other developed markets, with the technology being applied to a wide range of problems related to IT functions, products, services, business processes and interactions between employees and customers. The new generation of technologies is called intelligent automation because it uses algorithmic technologies such as AI and machine learning to replicate aspects of thinking, including pattern detection, language understanding and decision-making.
“Automation is improving many aspects of business, employee and consumer life, in areas not even anticipated a few years ago,” said Chip Wagner, CEO ISG Automation. “The new capabilities are already a reality at some leading companies and could be widespread by 2025.”
Several trends are reshaping automation at enterprises in both the U.K. and other markets, the report says. A growing number of companies are now exploring hyper-automation, a holistic approach designed to address the entire enterprise and completely reimagine organizational processes. The use of low-code development tools is also on the rise, empowering workers to automate existing processes without the need for expert coding talent.
In the U.K., the combination of price inflation and slow or negative economic growth give enterprises increased incentive to adopt new automation technologies in search of lower operating costs and better business continuity, the report says. In addition, the national government remains committed to investing in new technologies and is encouraging the use of intelligent automation.
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A survey of CIOs and CTOs in the U.K. found that one of their major concerns about intelligent automation is the risk of accumulating technical debt when restructuring applications and data. Other automation challenges at large enterprises include determining the best opportunities for automation, making the transition from piecemeal to end-to-end automation and imposing governance over initiatives involving different organizations, ISG says.
“Automation is still new to many companies, especially smaller businesses,” said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. “The overwhelming number of technologies, solutions and vendors to choose from can be difficult to navigate.”
The report also explores other trends affecting enterprises pursuing automation in the U.K., including the rise of cloud-based automation solutions and the need to develop new skills for human-machine collaboration.
The 2022 ISG Provider Lens™ Intelligent Automation — Services and Solutions report for the U.K. evaluates the capabilities of 31 providers across three quadrants: Intelligent Enterprise Automation, Artificial Intelligence for IT Operations (AIOps) and Next-Gen Automation.
The report names Accenture, Atos and Capgemini as Leaders in all three quadrants. It names Cognizant, HCLTech, IBM, Infosys, TCS and Wipro as Leaders in two quadrants each. Hexaware, PwC and WNS Vuram are named as Leaders in one quadrant each.
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