U.K. Economic Crunch Drives Interest in Modern Automation

Rhea-AI Summary

Information Services Group (Nasdaq: III) reports rising enterprise adoption of intelligent automation in the U.K., driven by demand in customer service, finance, and marketing sectors. Despite stagflation and potential negative GDP growth, the push for automation is fueled by increasing labor and supply costs. The report highlights advancements like Conversational AI and Intelligent Document Processing, aiding businesses in achieving operational efficiency. Leading companies in the report include ABBYY and UiPath.

Positive

• Growing demand for intelligent automation in various sectors.
• Government commitment to emerging technologies and automation.
• Advancements in automation technologies enhance real-world business applications.
• Leaders identified in intelligent automation platforms show industry competitiveness.

Negative

• Potential dampening of enterprise investments due to negative GDP growth.

Many enterprises in Britain are investing in intelligent automation platforms to contain costs and remain competitive, ISG Provider Lens™ report says

LONDON--(BUSINESS WIRE)-- Enterprise adoption of intelligent automation in the U.K. has been on the rise and is expected to keep growing in the coming year, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.

The 2022 ISG Provider Lens™ Intelligent Automation — Platforms and Products report for the U.K. finds Britain’s demand for automation is strong in several sectors, especially among business teams in customer service, administration/operations, R&D, finance and accounting, and marketing. Automation technologies have reached a new level of maturity and readiness for real-world business applications.

“Intelligent automation is becoming pervasive and having an impact on the lives of consumers, citizens and businesses in the U.K.,” said Chip Wagner, CEO, ISG Automation. “New, integrated platforms that use a combination of technologies are delivering on the promise of automation.”

With the British economy in the throes of stagflation, negative GDP growth could dampen enterprise investments in technology, but rising labor and supply costs provide more incentive to adopt automation technologies that reduce operating expenses, ISG says. At the same time, the national government is strongly committed to investing in emerging technologies, especially through encouraging more use of intelligent automation in the public sector.

Recent advances have increased the power of core intelligent automation platforms, especially when those platforms are used in combination, the report says. Conversational AI is evolving to provide seamless omnichannel experiences that combine voice, text and other modes of synchronous and asynchronous communication. Intelligent document processing (IDP) has moved beyond its origins in optical character recognition to now being able to scan, extract and analyze information from many types of documents at scale.

Process discovery and task mining technologies, which can identify complex workflows and human tasks within an organization’s business processes, allow enterprises to pinpoint where intelligent automation platforms can make the most difference, ISG says. For example, digitizing and analyzing records using IDP and understanding operations through process discovery enables more effective robotic process automation (RPA) initiatives.

“The latest automation tools are much more effective at solving real-world business problems,” said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. “Service providers are making it easier for enterprises to integrate these tools into their systems and processes.”

The report also explores other intelligent automation trends in the U.K., including the changing roles of non-professional developers and other challenges enterprises face in adopting new platforms.

The 2022 ISG Provider Lens™ Intelligent Automation — Platforms and Products report for the U.K. evaluates the capabilities of 56 providers across three quadrants: Conversational AI Platforms, Intelligent Document Processing, and Process Discovery and Mining.

The report names ABBYY and UiPath as Leaders in two quadrants each. It names Amelia, Automation Anywhere, Celonis, Creative Virtual, Google Dialogflow, Kofax, Kore.ai, Microsoft and Minit as Leaders in one quadrant each.

In addition, Avaamo is named as a Rising Star — a company with a “promising portfolio” and “high future potential” by ISG’s definition — in one quadrant.

The 2022 ISG Provider Lens™ Intelligent Automation — Platforms and Products report for the U.K. is available to subscribers or for one-time purchase on this webpage.

About ISG Provider Lens™ Research

The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage.

A companion research series, the ISG Provider Lens Archetype reports, offer a first-of-its-kind evaluation of providers from the perspective of specific buyer types.

About ISG

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 800 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 automation, 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 more than 1,300 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221207005111/en/

Press:

Will Thoretz, ISG

+1 203 517 3119

will.thoretz@isg-one.com



Kate Hartley, Carrot Communications for ISG

+44 (0)20 3457 6403

kate.hartley@carrotcomms.co.uk

Source: Information Services Group, Inc.

FAQ

What does the ISG report say about automation in the U.K.?

The ISG report indicates rising adoption of intelligent automation across various sectors, citing increased demand due to economic conditions.

Which companies are named leaders in the ISG automation report?

The report names ABBYY and UiPath as leaders in two quadrants each.

What impact does stagflation have on technology investments according to ISG?

Stagflation may dampen enterprise investments; however, rising labor costs incentivize automation adoption.

What technologies are highlighted in the ISG automation report?

Highlighted technologies include Conversational AI, Intelligent Document Processing, and Process Discovery.

How many providers were evaluated in the ISG automation report?

The report evaluates the capabilities of 56 providers across three quadrants.