| | MAY 20234VOL 9 · ISSUE 5 - 1 · MAY, 2023 PublisherOffice Editorial queries editor@ciotechoutlook.com To subscribeVisit www.ciotechoutlook.com/magazine/or send email to: subscription@ciotechoutlook.comMagazine Price is Rs 150 per issuePrabhu Dutta A.R.N RayAlok ChaturvediManager DesignMagendran PerumalCirculation ManagerEditorial TeamNo. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugheshpalya, Bangalore-560017Mrigank SharmaTushar DasManaging EditorSudhakar SinghVisualizersAdvertising queriessales@ciotechoutlook.comBangaloreTel 080 46441103Gm Sales & MarketingVaibhav Shukla Printed and published by Alok Chaturvedi on Behalf of Biz Print Media Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published at No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2023 Biz Print Media Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.Samrat PradhanNischal PradhanRoshan AkhtarNoidaTel 120 4639300EDITORIALENHANCING THE EFFICIENCY Intelligent Process Automation (IPA) is gaining popularity in India as organizations seek to enhance their efficiency, reduce operational costs, and scale their operations. The adoption of IPA technology in India has been significant, with the market expected to grow at a CAGR of more than 50 percent over the next five years. The growth of the IPA market in India can be attributed to factors such as the increasing demand for process automation to enhance operational efficiency, reduce costs, and improve customer experience. The government's initiatives such as Digital India and the adoption of Industry 4.0 have also fueled the growth of the IPA market. The banking, financial services and insurance (BFSI) sector has been at the forefront of adopting IPA technology in India. The sector has been leveraging IPA to automate processes such as account opening, loan processing, and KYC verification. The healthcare, retail, and manufacturing sectors are also adopting IPA technology to improve operational efficiencies and enhance customer experience. Going forward, the IPA market in India is expected to grow rapidly as organizations seek to improve their processes and operations. With the rising demand for automation and the government's initiatives to digitize India, IPA is expected to continue its growth trajectory in India. The increasing number of players offering IPA solutions in the market is expected to bring down the costs of implementation, making it more accessible to small and medium-sized businesses in India. This issue acquaints you with the most promising companies in this field. In this special issue, CIOTechOutlook brings to you the list of 10 most promising companies that have made their mark in this domain with their technology acumen and industry expertise. These companies have kept abreast of the new technological advancements in this segment and have leveraged them to their full potential. We hope this issue gives you helpful insights into this market landscape. Sudhakar SinghManaging Editorsudhakar@ciotechoutlook.com
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