For decades, business automation connectivity have impacted almost every industry, from ATMs to assembly lines to healthcare systems. But artificial intelligence (AI) and machine learning take automation to a whole new level. So, this so-called “intelligent automation” changes the way humans and machines interact. It enables businesses to increase efficiency, increase sales, and succeed in difficult markets.
In fact, research shows that automation can bring significant revenue benefits. The IBM Institute for Business Value estimates that AI-powered automation will generate billions of dollars in the workforce in 2022 alone.
This article discusses the changing context of business automation and connectivity. Why it is important now, and what to consider when using automation in your organization.
What is business automation?
Business automation is a term that describes the use of technology applications that perform repetitive tasks and enable people to perform higher quality tasks. These include business process automation (BPA), robotic process automation (RPA), and AI-powered automation.
A few years ago, automation required large mainframes and a team of experts to maintain them. Today, cloud-based automation platforms make this feature available to businesses of all sizes. The types of business automation include:
Basic automation: Basic automation takes over simple and basic tasks and automates them. Surely, Basic automation tools with little or no coding help digitize repetitive tasks, avoid errors, and accelerate the pace of transactional work. Business process management (BPM) and RPA are examples of basic automation.
Process Automation: This manages business processes for consistency and transparency. It is often managed by dedicated software to improve productivity and efficiency while providing valuable business insights. Process mining and workflow automation are examples of this.
Advanced Automation: Advanced automation integrates humans and machines and integrates multiple systems across the enterprise. To support more complex processes, advanced automation is based on unstructured data. This relates to machine learning, processing, and natural language analysis. Promote knowledge management and decision support for professional work.
Intelligent Automation: Intelligent automation with AI means being able to “learn” and make decisions based on what the machine encounters and analyzes. For example, in customer service, AI-powered virtual assistants can reduce costs while enabling more intelligent dialogue between customers and human agents. As a result, the customer service experience becomes better.
Why is business automation and connectivity important?
Whether you’re a small business or a large company, automation is a great way to streamline your operations and drive business growth. Automation tools are designed to replace human labor with mechanical labor. It allows these human resources to be relocated elsewhere in the company.
To unlock the full potential of automation, enterprises consistently use proven automation software and best practices for all workflows, from creating faster digital customer experiences to simplifying internal processes. is needed. However, not all solutions include all the technologies needed to automate end-to-end operations. This can lead to many point solutions, higher costs, and lack of scalability.
Benefits of business automation
Business automation is important for a rapidly changing world. For example, it can be difficult to predict how customer behavior will continue after a pandemic, from fluctuations in demand to enhanced health and safety precautions. However, one area of control is how to manage the experience you create for your customers. Automation, especially in combination with AI, helps modify or improve these experiences, resulting in higher sales, higher resource utilization, and higher customer satisfaction.
- Process Identification: Identify operational inefficiencies or hotspots to identify where automated processes can have the greatest impact. This includes process mining and modeling.
- Apply intelligence: Use machine learning and AI-based, operational-automated data to encourage actions and free people to more strategic tasks.
- Increase your workforce: Build RPA tools and use digital workers to collaborate with people when you can achieve higher levels of productivity or need backups.
- Automate core operations: Apply core automation features (document processing, workflow orchestration, decision management, content services) to key operational areas to meet your business needs.