The short answer is, YES. A few years ago, the term "hyperautomation" was completely unknown even among the topmost executives, but today, it has become an integral part of digital transformation. In 2020, Gartner coined the term to become one of the top strategic technology trends of the year. It recently increased the projections and estimated the hyperautomation software and services market to reach nearly $600 billion by 2022.
Automation has been known to transform the face of businesses. The core components of hyperautomation namely artificial intelligence (AI), machine learning (ML) and robotic process automation (RPA Solutions), will inevitably transform today's business landscape.
Key Benefits of Hyperautomation
Organisations stand to enjoy the following benefits upon successful implementation of Hyperautomation:
- Enhanced operational efficiency and productivity
- Reduced manufacturing and service cost
- Improved security
- Minimized human error
We will discuss all these benefits and their impact in detail in our upcoming blog post.
Despite these benefits, organizations should not rush to implement hyperautomation haphazardly. It is essential to examine your existing procedures and workflows to determine the benefits of automation in order to prepare your company for future changes.
You need to have a clear vision and the most effective way to implement automation is to secure your position in a changing and competitive landscape today.
With hyperautomation we were able to digitize multiple processes and provide actionable insights on sales projections for one of the largest Agrochemical companies, resulting in an astounding 80% reduction in time taken for achieving similar results manually.
Read this case study to know how we helped one of our clients to harness the power of hyperautomation and transform their business multifold.