New research from ISG finds software
providers are unifying automation and AI to enable more intelligent
platforms, workflows and processes
One half of all enterprises will use integrated intelligent
automation technologies to optimize digital efficiencies by 2026,
say analysts with Information Services Group (ISG) (Nasdaq: III), a
leading global technology research and advisory firm.
The ISG Buyers Guides™ for Intelligent Automation, produced by
ISG Software Research (formerly Ventana Research), note that in the
next two years, many enterprises will leverage intelligent
automation to interconnect disparate applications and systems
across public and private cloud computing environments. This will
enhance efficiency, reduce errors, enhance decision-making and
allow human workers to focus on more complex, problem-solving
activities, while augmenting their capabilities through human-AI
collaboration that learns and improves over time.
“By integrating with existing systems and software tools and
accessing large repositories of structured, semi-structured and
unstructured data, intelligent automation can lead to business
process insights that contribute to innovation and competitive
advantage,” said Jeff Orr, director of research, digital
technology, with ISG.
Intelligent automation, ISG says, encompasses four specific
software categories – process automation platforms, conversational
automation, intelligent document processing, and process discovery
and mining – in an ecosystem that helps organizations become more
efficient, smarter, and more adaptable to changing business
conditions.
“The choice of intelligent automation software should align with
the enterprise’s strategic objectives and operational needs,” said
Orr. “It is also important to consider factors such as the current
process landscape, compatibility and integration with the
technology infrastructure, data availability and quality, ROI and
financial impact and organizational readiness.”
ISG Software Research asserts that, through the end of 2026,
only one in five enterprises will leverage generative AI (GenAI) to
analyze patterns and generate insights that will lead to improved
business outcomes.
ISG notes that while GenAI and large language model (LLM)
technologies offer valuable capabilities in natural language
understanding and processing, content generation and task
automation, it is crucial for organizations to understand
thoroughly both the potential and the challenges of these
technologies.
“CIOs and IT leaders should approach intelligent automation
software incorporating GenAI and LLMs with enthusiasm and caution,”
Orr said. “While these technologies offer significant benefits,
they also come with unique challenges and prerequisites. A holistic
evaluation must include technical aspects and also business,
ethical and strategic considerations.”
For its 2024 Buyers Guides on Intelligent Automation, ISG
evaluated software providers across four types of software product
categories – Conversational Automation, Intelligent Document
Processing, Process Automation Platforms, and Process Discovery and
Mining – and produced a separate Buyers Guide for each, along with
a main report on the overall Intelligent Automation software
provider landscape.
A total of 40 providers were assessed in at least one of the
five reports: [24]7.ai, ABBYY, AirSlate, Amelia, Appian, Automation
Anywhere, AWS, Bizagi, Celonis, Datamatics, Engageware, Fortra,
Google Cloud, HCLSoftware, HCLTech, Hyperscience, IBM, Kore.ai,
LivePerson, Microsoft, MuleSoft, Newgen, Nintex, Nividous,
OpenText, Pegasystems, ProcessMaker, Rossum, SAP, ServiceNow,
Sinch, Software AG, Sprinklr, SS&C Blue Prism, Tungsten
Automation, UiPath, Uniphore, Verint, Worksoft and Yellow.ai. Among
these, only IBM, Microsoft and ServiceNow have products or services
belonging to the four segments defined in the main Intelligent
Automation report.
ISG Software Research designates the top three software
providers as Leaders in each category. For the 2024 study, the
leading providers in ranked order are:
Intelligent Automation: ServiceNow, UiPath, Microsoft
Process Automation Platforms: ServiceNow, UiPath, Appian
Conversational Automation: ServiceNow, Verint, IBM
Intelligent Document Processing: ServiceNow, UiPath,
Automation Anywhere Process Discovery and Mining:
ServiceNow, Microsoft, UiPath
The ISG Buyers Guides™ for Intelligent Automation are the
distillation of a full year of market and product research efforts.
The research is not sponsored nor influenced by software providers
and is conducted solely to help enterprises optimize their business
and IT software investments.
“The acceleration of digital transformation, the explosion of
data, and the advancement in AI and ML [machine learning] has made
intelligent automation a focal point in enterprise technology
discussions,” said Mark Smith, partner and head of software
research for ISG. “Our latest research offers a methodical,
fact-based view of what is possible and realistic with these
technologies and points to a way forward for harnessing the immense
potential of intelligent automation with AI.”
Visit this webpage to learn more about the ISG Buyers Guides™
for Intelligent Automation and read executive summaries of each of
the five reports. The complete reports, including provider rankings
across seven product and customer experience dimensions and
detailed research findings on each provider, are available by
contacting ISG Software Research.
About ISG Software Research
ISG Software Research, previously Ventana Research, provides
authoritative market research and coverage of the business and IT
software industry. It distributes research and insights daily
through its user community, and provides a portfolio of consulting,
advisory, research and education services for enterprises, software
and service providers, and investment firms. Its on-demand service
provides structured education and advisory support through
subject-matter experts. ISG Buyers Guides support the RFI/RFP
process and help enterprises evaluate and select software providers
through tailored assessment services and the ISG Software Research
Value Index methodology. Visit www.ventanaresearch.com for more
information and to sign up for free community membership.
About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading
global technology research and advisory firm. A trusted business
partner to more than 900 clients, including more than 75 of the
world’s top 100 enterprises, ISG is committed to helping
corporations, public sector organizations, and service and
technology providers achieve operational excellence and faster
growth. The firm specializes in digital transformation services,
including AI, cloud and data analytics; sourcing advisory; managed
governance and risk services; network carrier services; strategy
and operations design; change management; market intelligence and
technology research and analysis. Founded in 2006, and based in
Stamford, Conn., ISG employs 1,600 digital-ready professionals
operating in more than 20 countries—a global team known for its
innovative thinking, market influence, deep industry and technology
expertise, and world-class research and analytical capabilities
based on the industry’s most comprehensive marketplace data. For
more information, visit www.isg-one.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241028987277/en/
Press Contacts:
Will Thoretz, ISG +1 203 517 3119 will.thoretz@isg-one.com
Julianna Sheridan, Matter Communications for ISG +1 978-518-4520
isg@matternow.com
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