Spending on automation and AI business operations worldwide 2016-2023, by segment

This statistic shows the global spending on automation and artificial intelligence (AI) business operations from 2016 to 2021. It is estimated that, in 2020, 9.6 billion U.S. dollars will be spent on intelligent process automation. In this context, artificial intelligence is autonomous decision-making by a system or systems designed to simulate human thought processes. The process involves self-learning systems improved through data mining, pattern recognition, and natural language processing.

Robotic/intelligent process automation (RPA/IPA) and artificial intelligence (AI) automation spending worldwide from 2016 to 2023, by segment

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Source

Release date

January 2020

Region

Worldwide

Survey time period

2017 to 2019

Supplementary notes

* forecast
The source defines the three categories as follows:
"RPA Definition: RPA describes a software development toolkit that allows non-engineers to quickly create software robots (known commonly as "bots") to automate rules-driven business processes...
Intelligent Process Automation Definition: Intelligent Process Automation (IPA) is the use of technology to allow a business function or part of the operation of a process workflow work automatically...
AI Definition: AI refers to the simulation of human thought processes across enterprise operations, where the system makes autonomous decisions, using high-level policies, constantly monitoring and optimizing its performance and automatically adapting itself to changing conditions and evolving business rules and dynamics."

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