07 Feb, 2021 | Blogs
When looking at companies traversing the automation journey, the view is far from monolithic, with each company falling in different stages. Since the 2000s (long after the introduction of Enterprise Resource Planning software in the 1960s), many companies have automated their processes to increase efficiency, speed, and profitability. Many have moved from simple “screen scraping” to more evolved Hyperautomation and intelligent automation. In this blog, we will take a closer look at hyperautomation and how you can make it work for your organization.
What is Hyperautomation?
Terms like Hyperautomation, Artificial Intelligence (AI), and Robotic Process Automation (RPA) have made it to the board room discussion in recent years. Touted as the top ten technologies to watch out for, Hyperautomation includes the use of predictive tools like RPA, AI, Natural Language Processing, and Machine Learning to automate various levels of work. Today, many large organizations are adopting Hyperautomation to automate complex tasks at a high-speed. Unlike traditional automation, it connects applications, understands data, makes decisions based on pre-defined logic, and even helps businesses accurately forecast results.
End Goal of Hyperautomation
The end goal of automation is always to boost efficiency and productivity while saving costs. So, how is hyperautomation any different? The answer lies in its ability to execute complex, unstructured, predictive work. There is a high chance that it might be seen as replacing the human workforce, but this is not close to the truth by a long shot. On the contrary, automation helps drive higher-level process functioning from process automation to orchestration to intelligence. With it, companies can take advantage of predictive insights, guided recommendations, and adaptive decision making. Hyperautomation ensures workers are engaged to their fullest capabilities with value-added work that contributes to the bottom line, eventually boosting their morale and motivation.
Implementation and Advantages of Hyperautomation
Like with any other technology, before implementing Hyperautomation, three basic things need to be kept in mind:
- Goal: the goal of hyperautomation can be many, including higher revenue, ensuring accuracy, or simply reducing downtime.
- Method for optimizing: Hyperautomation requires a structure within a workflow and the system. That is why it is critical to understand how you will be optimizing flows and systems to achieve the maximum benefit.
- Toolstack: You need to understand the kind of tools and technologies you will be using to scope the time/effort/money required to effectively run Hyperautomation. These tools can vary from ‘iBPMS’ to iPaaS.
There are several benefits of Hyperautomation for businesses looking for ways to scale efficiency and operations. Some of them include:
- Measure Performance: Hyperautomation augmented with tracking capabilities helps business leaders understand if the tools and technologies are working as expected.
- Speed: Machines and software have the unmatched speed to complete the task when compared with human workforce.
- Informed Decision: technology processes a high volume of data with accuracy, allowing business leaders to make decisions based and driven by data.
- 100% Accuracy: software bots provide error-free results since they are programmed to function in a particular way.
A Common Misconception
One of the most frequently asked questions regarding automation is that if it will take away jobs. The answer is no. Automation is implemented to increase human productivity and increase the value-output. It is there to help humans work faster, make work more meaningful and focus on things that matter the most.
How To Get Started?
Get in touch with Nuummite Consulting to begin your automation journey. At Nuummite Consulting, we use a range of technologies such as AI and ML for automation and to improve several critical processes.
To know more about hyperautomation and how we can help you get started, contact us today!