Everything you should know about Hyperautomation

Digital Lab

Everything you should know about Hyperautomation

Gartner’s top strategic technology trends is considered as a framework for IT leaders. It helps them to review and prioritize their investments in technologies. The list represents the trends that should be taken into consideration to ensure the success of businesses and their growth. This year, 12 strategic technology trends where listed and hyperautomation was one of them. As its name suggests, it is the implementation of mass automation, and it takes it to the next level. 

 What is Hyperautomation?  

Hyperautomation is considered by multiple IT and business leaders as a key strategy to drive their organizations’ digital transformation. 

Hyperautomation can be defined as the automation of business and IT processes; basically, everything that can be automated will be automated in the near future. This concept has been the focus of much of the work since the end of 2020. 

Today, companies are focused on how to achieve growth in a short time frame, making hyperautomation their main objective, digitalization and operational efficiency and excellence. It is a business-driven discipline that includes a combination of technologies that can all be delivered and monetized with great speed. Gartner predicts that hyperautomation will reduce operating costs in organizations by 30% in 2024. 

So, to make it simpler it is a strategic enterprise initiative that delivers a continuous automation journey with superior business outcomes. 

How does Hyperautomation work?  

Hyper-automation involves the usage of multiple technologies, tools and platforms. It allows to perfectly process huge volumes of data in order to ensure a perfect optimization of business processes. 

According to Gartner, it is Robotic Process Automation (RPA) enriched by Artificial Intelligence (AI) and Machine Learning (ML). This provides the power and flexibility to ensure automation where it wasn’t possible which are undocumented processes that rely on unstructured data inputs. 

Hyper-automation is the combination that will bring together instruments and advancements to maximize the capacity to Computize businesses’ work. This approach will reduce human labor and automate multiple daily processes. Considering that, individuals will have automated processes that are functioning instead, and they will be able to avoid time consuming tasks and focus on efficiency and growth. 

What are the components of Hyperautomation 

The key components for hyperautomation are:  

  • Artificial intelligence: which incorporates machine learning, natural language processing (NLP), optical character recognition (OCR) and AI vision to allow robots to read, see and process more work. 
  • Advanced process mining platforms: that can look deeply into how the teams in the business do their work and how the tasks are being achieved. In order to be able to know what and how it should be automated to have a better outcome. 
  • Advanced analytics: these will allow the business to track, measure and prove the outcomes that are delivered by automation. Therefore, they can be studied to enable continuous growth and ensure sustainability. 
  • Capabilities to increase the workforce engagement across the organization to improve and push the implementation of hyperautomation. This is crucial to have a continuous approach of automation that keeps on evolving. 

What are the benefits of Hyperautomation?  

Gartner insists that hyper-automation is crucial for any organization that wants to stay up to date and keep up with all the digital advancements. It is considered as the digital process automation that will be widely implemented in enterprises all over the world thanks to its various benefits. 

Considering that the automation process will automate various time-consuming human labor, employee engagement will surely be better. Having automated processes everywhere in your business will shape your digital transformation and liberate your assets that will be utilized in other ways so it will be saving the company a lot of money. 

Even Though it is a combination of technologies, hyper-automation offers benefits on its own that can be a motive for companies to decide on its implementation. 

Increases productivity:

  • The latest survey from Salesforce revealed that automation solutions increase productivity and better manage employee stress levels. The survey further challenged sceptics by showing that 88% of users now trust automation solutions to complete tasks without error and that 92% of users are more satisfied with productivity. 

With processes automation, businesses will be able to boost employee productivity. This will allow them to remove all time-consuming tasks. 

Team members will have more availability to accomplish more with fewer resources and in less time. It will also allow them to focus on more strategic and planning tasks rather than manual ones. 

Hyperautomation enables companies to develop their human potential in order to achieve growth and increase their productivity. 

Flexibility and freedom:

Process optimization through the usage of many automation technologies. This helps companies to ensure the use of one or multiple simultaneously which wasn’t possible in RPA for example. 

This utility offers businesses the flexibility and the freedom they never experienced before so in conclusion also the benefits and the gains they never could gain with just one technology at a time.  

Simple integration:

Hyperautomation makes the integration of digital technologies across systems a lot easier for businesses. A very simple access to data will be in place thanks to hyperautomation. That helps also to have efficient communication within the teams of the company.  

Workflow acceleration:

Hyperautomation allows businesses a faster transformation of their processes through engaging each stakeholder. When automation is in place and most of your processes are handled well, your business will be able to digitally transform easily. 

Financial growth :

Implementing hyper-automation will result automatically in an enhancement in ROI since the whole business is running efficiently. Automating processes will reduce costs and have financial growth without human errors. 

Hyper-automation also offers companies advanced analytics so they will be able to optimize the way they do their missions in a granular perspective.  

No one can deny the importance and the impact of hyper-automation in business performances. It is the hype nowadays as it is a key strategic enabler for optimized processes. Thanks to its combination of technologies, business professionals will have no choice but to choose it as their solution for optimization. It is an evolutionary approach that will soon be a must have in companies to not fall behind and ensure a continuous growth.  

 

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