Hyperautomation: the key to increasing productivity, boosting revenue, and reducing costs

Permanent changes to many dimensions of an organisation were prompted with the COVID-19 crisis increasing the pace at which companies conduct business. Digital and technology-driven disruptions presented as key indicators that companies require strong technical foundation and capabilities to inform post-COVID-19 recovery strategy, equip their businesses to outperform others in a rapidly evolving environment, and to prepare them for what might lie ahead.

With Digital Transformation and IT automation needs driving automation opportunities, Gartner’s forecasts Worldwide hyperautomation-enabling software market to reach nearly $600 billion by 2022. Herein, indicating that companies spread across numerous sectors are looking into implementing more technological solutions to their business.

What’s more, research vice president Fabrizio Biscotti argues that hyperautomation should no longer be seen as an option but rather a condition of company’s survival. By doing so, he raises the question whether the vast majority of companies will integrate innovative technological solutions ahead of, in line with or behind the competition.

Advanced analytics, robotics, and automation have the potential to revolutionise every element of your business by optimising processes, providing visibility to map business activities, automating and managing content ingestion, orchestrating work across multiple systems, and so much more. Thus, not only increasing your revenue and improving margins, but also enhancing process efficiency, employee’s productivity, and customer service by reducing manual, repetitive tasks, and scaling operations. According to Gartner, by 2024 organisations are expected to lower operational costs by 30% by combining hyperautomation technologies with redesigned operational processes.

Nonetheless, lack of awareness of automation’s potential, inadequate tracking, return on investment (ROI) concerns, and delayed delivery challenges are hindrances to automation adoption. This makes it even more important to understand the factors that enable success and ensure sufficient capabilities to face known and unknown challenges associated with the transformation journey, including:

  1. Clearly articulating a vision
  2. Defining a business case
  3. Scaling up with an agile approach
  4. Formulating a technology plan
  5. Ensuring that you have the change management capabilities needed for the transformation

Regardless of how far ahead in your automation journey you are, our digital experts can support you in achieving operational excellence, and subsequently cost savings, in a digital first world. Through continuous collaboration, we tackle challenges and minimise implementation associated risks by combining expert technical knowledge with relevant process domain and customer journey expertise.

Convedo’s integrated offerings combine prominent technologies such as robotic process automation (RPA, in partnership with BluePrism), low-code application platforms (LCAP, in partnership with Appian), artificial intelligence (AI) and business process management into one flexible and customisable packaged solution to address a dynamically ever-changing global market. Thus, enabling organisations to rapidly identify, vet and automate as many processes as possible and helping them transition from a loosely coupled set of automation technologies to a more connected automation strategy.

By using an agile approach to design and scale up pilots, Convedo’s experts deliver astonishing results by rapidly testing possible solutions, identifying high-value ones, then rapidly scaling them up to capture benefits faster. Thus, implementing schedule automation and optimization quickly and start generating significant value immediately.

What Is Important To You?

Would you like to exchange ideas with us on the subject of digital transformation and process automation without obligation? Let’s talk!