Hyperautomation may sound like a space-age term but it’s making a big impact here and now for businesses across the world by taking automation to the next level.
Today, we’ll be talking about what hyperautomation is, why it’s becoming a must-have for modern companies, and how it can be implemented into your business today.
What Is Hyperautomation?
Hyperautomation is the use of technologies like artificial intelligence, machine learning, and robotic process automation (RPA) to automate business tasks and processes that are usually done by humans.
It’s an approach to automation that aims to automate every process (within reason) in order to achieve a business where operations are as streamlined as possible.
The end result should aim to get rid of repetitive tasks, save time, lower outgoings and waste, collect more data, and increase efficiency within an organization.
What is RPA?
Robotic Process Automation (RPA) is the process of using robots that are trained to automate routine, repetitive, and predictable tasks through interactions that are designed to emulate human actions.
This helps to free up time for human workers to focus on more impactful projects by letting bots handle tasks like data extraction, data management, logistics and operational support, invoice processing, reporting, and inventory management.
There are two types of RPA used today:
Bots deployed on desktop portals where the human worker executes some specific activities while the bot performs the more complex and repetitive ones.
One benefit of using attended RPA bots is that they do require some human intervention which provides some more quality control for oversight and compliance purposes.
A server deploys bots for fully-automated workflows. These bots are ready and waiting and don’t require any human interaction in order to start doing their assigned job.
Why Is Automation Important in Business Today?
No matter the size of your business, automation can be a helpful tool to streamline your processes and drive organizational growth and business are catching on.
Automation and AI is expected to generate billions of dollars in labor value in 2022 because automation brings unparalleled efficiency to businesses, giving them a massive leg up on inefficient competitors who will continue to fall further and further behind.
Modern business automation is also an incredibly flexible field, meaning businesses can only invest what is currently needed, whether it’s a simple level of basic automation or something more complex, and can scale up that investment depending on their needs and growth.
With such high upside potential and low cost of entry, it’s crucial that businesses begin to invest in automation sooner rather than later or risk having to play catch up to their competitors.
Automation can help in many different parts of your business, as well.
Whether it’s marketing, human resources, customer service, data management, sales, and accounting, every department of your business has processes that could be automated.