<s>
Intelligent	B-Application
automation	I-Application
,	O
or	O
alternately	O
intelligent	O
process	O
automation	B-Application
,	O
is	O
a	O
software	O
term	O
that	O
refers	O
to	O
a	O
combination	O
of	O
artificial	B-Application
intelligence	I-Application
(	O
AI	B-Application
)	O
and	O
robotic	B-Application
process	I-Application
automation	I-Application
(	O
RPA	O
)	O
.	O
</s>
<s>
Companies	O
use	O
intelligent	B-Application
automation	I-Application
to	O
cut	O
costs	O
by	O
using	O
artificial-intelligence-powered	O
robotic	O
software	O
to	O
replace	O
workers	O
who	O
handle	O
repetitive	O
tasks	O
.	O
</s>
<s>
Intelligent	B-Application
automation	I-Application
applies	O
the	O
assembly	O
line	O
concept	O
of	O
breaking	O
tasks	O
into	O
repetitive	O
steps	O
to	O
digital	O
business	O
processes	O
.	O
</s>
<s>
Rather	O
than	O
having	O
humans	O
do	O
each	O
step	O
,	O
intelligent	B-Application
automation	I-Application
replaces	O
each	O
step	O
with	O
an	O
intelligent	O
software	B-Application
robot	I-Application
or	O
bot	O
,	O
improving	O
efficiency	O
.	O
</s>
<s>
Intelligent	B-Application
Automation	I-Application
can	O
provide	O
real-time	O
insights	O
on	O
profitability	O
and	O
efficiency	O
.	O
</s>
<s>
However	O
in	O
an	O
April	O
2022	O
survey	O
by	O
,	O
despite	O
three	O
quarters	O
of	O
businesses	O
acknowledging	O
the	O
importance	O
of	O
Artificial	B-Application
Intelligence	I-Application
to	O
their	O
future	O
development	O
,	O
just	O
a	O
quarter	O
of	O
business	O
leaders	O
(	O
25%	O
)	O
considered	O
Intelligent	B-Application
Automation	I-Application
a	O
“	O
game	O
changer	O
”	O
in	O
understanding	O
current	O
performance	O
.	O
</s>
<s>
42%	O
of	O
CTOs	O
see	O
“	O
shortage	O
of	O
talent	O
”	O
as	O
the	O
main	O
obstacle	O
to	O
implementing	O
Intelligent	B-Application
Automation	I-Application
in	O
their	O
business	O
,	O
while	O
36%	O
of	O
CEOs	O
see	O
‘	O
upskilling	O
and	O
professional	O
development	O
of	O
existing	O
workforce’	O
as	O
the	O
most	O
significant	O
adoption	O
barrier	O
.	O
</s>
