Hyperautomation: The Beacon for Your Digital Transformation Journey
The primary purpose of hyperautomation is to improve AI-driven decision-making by combining RPA, AI, machine language, and data science.
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The concept of automation is constantly expanding as time passes. IT executives have already seen the potential of automation and how it makes the entire process smoother. They are now looking for new methods to use hyperautomation to fulfill digital transformation goals.
As per a market study done by Global NEWSWIRE, in the next few years, the global hyperautomation market is expected to grow at a CAGR of more than 18.7 percent, attaining a value of more than US$ 32,632 million by 2030. The hyperautomation market has expanded fast across several business sectors (retail, manufacturing, BFSI, automotive, and so on), with the BFSI industry showing the most opportunity for hyperautomation application.
The term hyperautomation was first introduced by Gartner. In its most basic form, hyperautomation is the seamless automation of corporate processes through the use of modern technologies. The primary purpose of hyperautomation is to improve AI-driven decision-making by combining RPA, AI, machine language, and data science. This frequently leads to the formation of an organization’s digital twin, which in turn streamlines business processes.
Benefits of Implementing Hyperautomation
By automating increasingly complex processes that need human knowledge input, hyperautomation provides businesses with fast-track solutions to incorporate everyone in business change.
The combination of trending technologies like AI and RPA provides the capacity and agility to automate in places where automation was previously unachievable. Such a blend of technologies results in an advanced digital workforce capable of doing repetitive activities to improve employee performance.
The efforts of intelligent automation primarily target reduction in cost and increased compliance. Some of the other significant benefits of hyperautomation for advanced business models are as follows:
- Automation takes the burden of manual, repetitive tasks and allows employees to focus on more crucial tasks.
- Businesses do not have to rely on a single tool to automate. They can achieve size and flexibility by utilizing a set of tools and implementing cultural change.
- Combining digital tech across the company processes and legacy systems made possible by hyperautomation.
Above all, it is critical in driving all digital transformation activities, and firms that can leverage this technology to their benefit will always have a competitive edge.
Challenges Associated With Hyperautomation
In the present circumstances, intelligent automation challenges arise as the requirement to replace monotonous activities and generate corporate revenue grows. Common challenges that enterprises can face while implementing hyperautomation in their SDLC process include:
- Choosing the best option from a constantly expanding and dynamic product marketplace
- Assuring the project has a strong leader
- Forming internal experts
- Planning a visible and imperceptible Return on Investment (ROI) up front with greater precision
- Creating a project timeline and following it dedicatedly
- Obtaining shareholder and administrative support for an unconventional and novel strategy
- Clarity on the metrics on which success is measured
Above mentioned points are a few of the common challenges that take place while embarking on the journey of hyperautomation. These issues can be overcome by taking certain corrective actions.
Steps Taken to Solve Hyperautomation Challenges
The following activities can somehow help to ensure a successful hyperautomation project implementation:
Identifying the Existing Roadblocks
What obstacles might you face when you begin your journey? Your process will go more smoothly if you can mitigate or rectify any risks or constraints early on.
Trust In-House Experts
Identify the specialists in the processes as they currently exist, both on the business and technical sides. Who knows the most about the inputs, mechanisms, and outcomes? Do you have internal professionals who are knowledgeable about the latest technology and solutions? Make certain that these individuals are involved in the project from the beginning.
Allow Training in a Sandbox Environment
Allow employees to experiment without taking any risks. The ensuing familiarity and comfort level will facilitate implementation while also determining where training is required, or problems may occur.
Understand the Processes and Set Priorities
It’s essential to determine what processes should be tackled first and which not. Process mining can be used to examine existing processes and create process maps to find where high value occurs. Create a digital twin of the organization (DTO) to assess process performance and identify areas for improvement.
The Right Hyperautomation for Your Digital Transformation Journey
As we discussed the benefits and challenges associated with hyperautomation, there are many other aspects that businesses need to consider while selecting the ideal platform to cultivate digital transformation.
Installation and Implementation Should be Instant and Simple
Often automation solutions are presumed to be difficult to use because of their complexity. With the integration of newer cloud-based technology, features like quick registration and lower handle such bottleneck issues effectively.
Easy to Operate and Learn
After you’ve decided on a platform, you’ll need to develop your processes and train your employees. The difficulty level of these assignments will be determined by the software provider you select.
Some platform solutions may require deep technical knowledge for efficient operation. This indicates companies need to provide employees with on-site training or teach them through online courses.
While other platforms avoid such hassles by collaborating with trending technologies like low-code or scriptless automation to offer a simple interface that can be used even without technical experience.
Efficient Software Integration With High Functional Depth
To get the most out of your software, you must link it with your other business processes. Most systems have API-based or built-in integrations. Built-in integration choices include built-in integration capabilities for some software.
This eliminates the need for your personnel to access software source code to create your connection.
Whether an enterprise is huge or small, hyperautomation is necessary if it wishes to remain competitive. Hyperautomation may increase staff productivity in a variety of ways, including cost-effectiveness and time savings. Individuals might target their attention toward new vital tasks rather than merely non-productive jobs like data input.
Published at DZone with permission of Biswarup Bhattacharjee. See the original article here.
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