Is Hyperautomation the answer to all business problems?
Published : March 24th, 2022
It is not just about automation anymore. We have fast-forwarded into a future where we have moved beyond just automation. Today, we need Low-Code/ No-Code tools, Process Mining, and Artificial Intelligence, just as much as we need RPA. This is where Hyperautomation makes all the difference.
In a nutshell, Hyperautomation is the next level of the digital transformation process that enables the automation of several complex business processes. It leverages Robotic Process Automation (RPA), Intelligent Business Process Management Software (iBPMS), Artificial Intelligence (AI), Machine learning (ML), Process Mining, Analytics, Integration platform as a service (iPaaS), and Low-code/No-code tools to power end-to-end automation.
Onboarding Hyperautomation into the business will prove to be a large improvement for your enterprise. Hyperautomation will help to improve both client and employee experience for external and internal applications and business functionality.
According to a recent Gartner report, most firms will use Hyperautomation to operate at least 15% of their activities by 2024. most firms aim to reduce operational costs by 30% with this advanced technology. Over 70% of major global corporations are contemplating deploying Hyperautomation by 2024.
End-to-End Automation and Lifecycle Management – With the help of software robots (aka bots), Hyperautomation can align with your corporate strategies to optimize end-to-end business processes. To embark on a successful automation journey, Opteamix can provide you with a structured framework and a well-defined roadmap. You can oversee and control every aspect of your automation journey with Hyperautomation’s comprehensive lifecycle management capabilities.
Process Structured and Unstructured Data in Various Forms –Every day, organizations receive large amounts of structured and unstructured data. Hyperautomation can help with Big Data processing by merging AI, Machine Learning, with software to create a flawless data mesh architecture.
Automation of Complex and Long Processes –Solve complex business problems with Hyperautomation by merging RPA with AI. It is programmed to reduce human errors, remove bottlenecks, and increase the time to market by creating a completely automated workflow. Hyperautomation optimizes processes by identifying and resolving problems to prevent delays and failures.
Learn, Evolve, and Improve in Time – Hyperautomation is designed to detect and solve complex issues, learn from the process, and improve over time to avoid failure in the future. Businesses use Hyperautomation as a one-stop automation solution across functions and domains to offer scalability, higher ROIs, and a faster deployment speed.
What you stand to gain with Hyperautomation (Benefits)
Better ROI – Enterprises who have adopted automation have already seen enhanced performance and insights (from accurate data), along with a twofold return on their investment. Hyperautomation automates multidimensional operations, resulting in increased production and profit.
Increase in Business Agility – By unleashing the true potential of Hyperautomation, businesses can scale up to meet future demands. Businesses may be nimbler and can keep up with the dynamic and growing market by deploying automation tools to various business functions.
Reduction of Operational Cost – Hyperautomation is designed to mimic human operations with precision, efficiency, and speed. According to KSL analysis, by using intelligent automation in their departments, firms may increase productivity by 25-40 percent while lowering operational costs by 25 -50 percent.
Let us look at some Hyperautomation use cases:
Banking & Finance – The banking and finance industries can deploy Hyperautomation to cut down expenses and provide a more personalized experience to their customers. Hyperautomation can help the Banking industry make more accurate data-driven decisions and save money.
Retail – In the Retail industry, Hyperautomation allows for better decision-making and error-free processes. Invoicing, transportation, inventory management, etc., can be taken over by Hyperautomation in e-commerce.
Healthcare – With the use of predictive data, Hyperautomation in the Healthcare sector can be used to create an amazing client experience. Furthermore, it can assist in ensuring that all regulatory compliances are met.
Supply Chain – Businesses can engage Hyperautomation in the Supply Chain industry to gain complete control over SKUs (Stock Keeping Units). Inventory management, billing, invoicing, and procurements can be automated with Hyperautomation.
At Opteamix, we pride ourselves on our ability to help our clients adopt new technologies (and quickly). Our technology and analysis teams will help you understand your business problems and help build a viable and scalable Hyperautomation solution that is best suited for your enterprise. Get in touch with us today for a quick assessment.
Check out our most recent infographic on Hyperautomation here.Tags: AI, Automation, Banking, BFSI, Business Continuity, Capital Markets, Credit Unions, Hyperautomation, Hyperautomation companies, Hyperautomation in banking, Intelligent Automation, Mortgage banks, Retail, Robotic Process Automation, RPA, Technology
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