Since the start of the covid-19 pandemic, most organizations have been faced with a high need to develop cloud-based, agile, and employee-centric business processes that will enable them to respond to changing situations, customer needs, and varying market conditions. This led to the development of Hyperautomation, an augmented technique for automation that maximizes the use of various technologies such as process mining, process discovery, machine learning, document intelligence, low-code application development, and robotic process automation, among other streamlined operations. Hyperautomation is the best strategic technology trend due to its ability to catalyze business growth.
Please read this article to understand more about Hyperautomation and why it is a top trend.
What is Hyperautomation?
Hyperautomation is a business-driven approach applied by organizations to identify, verify, and automate all business and IT processes. It systematically uses several technologies, platforms, or tools, including event-driven software architecture, intelligent business process suites, and business process management (BPM). Hyperautomation is different from automation. Automation primarily focuses on applying programs to perform repetitive processes or operations.
Here’s How Hyperautomation Is Changing the Face of Digital Transformation
1. Adaptive governance
Industries have yet to adopt hyperautomation technologies, but each sector or department has adopted them individually or independently. However, this lack of en masse adoption leads to silo effects and increases management costs. Hyperautomation has been assisting companies to quickly adopt adaptive governance, enabling them to improve financial performance and reduce management costs.
2. Hyperautomation Maturity
Hyperautomation has been one of the highly innovative fields in the last few years. Tremendous evolution and advancement have enabled most organizations to be well-established. Considering this, you don’t have to start from scratch whenever you want to adopt hyperautomation investment. This helps you save significant time and avoid unnecessary work. With Hyperautomation, you can take advantage of all technologies you have in your company and combine them to find a better and improved solution for your business performance.
3. More Hyperautomation Technology Suppliers
More hyperautomation suppliers are providing all the essential services for your company. An organization’s structures and growth often fail to match, creating a gap for hyperautomation service suppliers. It helps fill all the gaps in your organization without requiring any upfront internal investment when adopting new technologies.
4. Composability
Composability can be defined as the ability of technologies to adapt themselves to each other. Hyperautomation technologies do not only respond to customers with agility but also solve all their needs. The main difference when you invest in Composability from technology is that you will only focus on your customers at the expense of other essential issues. However, having a one-in-all technology will enable you to meet your customer’s needs and enhance your company’s management.
Benefits of Hyperautomation
The benefits of Hyperautomation have also made it popular among most organizations that want to improve business process management. Companies investing in hyperautomation technologies give them an upper hand in the competitive market. Let’s look at some of the advantages of hyperautomation;
1. Scalability
One significant advantage of hyperautomation technologies is that it enhances the efficiency of essential processes and operations. This is because machines can handle more work autonomously. Such benefits allow organizations to increase production without an increase in cost, improving their profit. This helps to make your organization more scalable.
2. Error Management
Doing any work will always be full of human error. Regardless of experience and skills, humans have physical and emotional limits, such as distractions, fatigue, and tiredness, leading to serious mistakes. Hyperautomation uses smart technologies which allow you to learn how to streamline and perfectly implement essential tasks. This helps to reduce possible errors and enhance the security of activities.
3. Process Control
Most business processes are not centralized, making it hard for companies to have total control over them. Hyperautomation, however, gives the company control over operations. It uses various technologies such as artificial intelligence and process mining for data collection and analysis to make predictive management possible, hence increasing oversight capabilities.
4. Cost reduction
Hyperautomation helps to reduce management costs significantly. All the expenses incurred in implementing hyperautomation technologies are quickly regained through the adoption of intelligent automation processes.
5. Data Sharing
Hyperautomation helps simplify data integration across business systems, business lines, and various applications to ensure quick and convenient data access. Through automatic data sharing, managers can use hyperautomation to ensure smooth operations of multiple departments.
6. Real-Time Information Access
With hyperautomation, organizations can quickly access information from various departments. This allows them to understand what is happening every second in cross-enterprise projects. For example, employees can easily see the task assigned, who is responsible or accountable, any mistake, and how it is or can be corrected during a given project. This enhances efficiency. Real-time access to information helps to save time and make crucial activities quick.
7. Productivity
Hyperautomation allows you to focus more on other value-added activities by saving you from most manual activities, such as data entry and scanning of customer data. It also eliminates manual department interactions, which may be time-consuming and slow production. Hyperautomation automates major processes across various departments in an organization, improving efficiency, saving time, and increasing production.
Final Thought
Various benefits of hyperautomation have made it a top trend in recent years. Most companies have strived to adopt it as it helps in improving efficiency, reducing cost, and boosting production. Hyperautomation can be applied in various sectors such as; the banking and finance, health, construction, and retail and e-commerce industries.
