The use of Artificial Intelligence (AI) and Automation is becoming a powerful combination of technology that is enabling growth and innovation across industries. The integration of AI and automation in business processes has seen an exponential growth, with the global AI market expected to reach $407 billion by 2027, and AI is expected to contribute over $15.7 trillion to the global economy by 2021. The marriage of AI with automation creates a synergy greater than the sum of its parts, allowing for an increase in efficiency and productivity. The combination allows businesses to predict and respond to market changes in real-time and make informed, data-driven decisions. The benefits require careful planning and execution, with businesses also facing challenges such as job displacement and potential biases in AI systems.
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