The hype is real when it comes to hyperautomation, and most of the tops for upcoming trends, which are predicted to revolutionize industries and enhance our lives, have already included the concept on the list. Naturally, specialists too have shown a growing interest towards hyperautomation, given its huge potential, many even expecting for it to be the trend with the greatest effect on major industries and on the quality of our lives, in the near future.
So, what’s all this fuss about? To answer this, we must, first and foremost, understand how it works, and to do that, we will briefly explain what the concept implies. Hyperautomation, which also goes by the names of intelligent or digital process automation, uses advanced technologies, such as machine learning, artificial intelligence, or robotic process automation, and cutting-edge tools, to automate and streamline processes. Repetitive tasks are therefore, no longer a burden for employees, who can concentrate their efforts and shift their attention towards core activities.
And it just keeps on getting better. Hyperautomation eliminates human errors and increases accuracy across all levels in a company that chooses to adopt it. Not to mention that it also improves performance, boost profitability, lowers operating costs, and enables businesses to make better decisions. On top of this, with the help of hyperautomation, and advanced analytics respectively, companies also gain access to instant and accurate insights, that assist them in taking the right actions.
Sounds too good to be true? Just ask businesses that have already begun to integrate hyperautomation, and that have immediately started to see the results, and reap the benefits that the combination of new technologies and superior tools has to offer. Regardless of the sphere in which they operate, companies that have adopted the strategy have not only seen an increase in productivity and profitability, but have also managed to offer consumers an overall improved digital experience, much to clients’ delight. So, on the already appealing list of advantages of hyperautomation, we can also add the competitive edge, that businesses gain when turning to this association of automation technologies with artificial intelligence.
As we have mentioned from the very beginning, hyperautomation is set to transform industries from the bottom up, however, its applications in major fields have already made their mark. The mix between state-of-the-art tools and technologies has been successfully implemented across various industries, and, in order to illustrate its significant impact on these areas, we will be touching upon a few of them in what follows.
In healthcare, where every second counts, the integration of hyperautomation can truly make a difference; this technology helps speed up processes, relieving healthcare workers of repetitive and time-consuming tasks, such as those related to filling up health records. As for patients, artificial intelligence-powered bots can examine them right in the comfort of their homes, and identify potential medical emergencies; those in need of medical attention will either be advised to seek specialized help, or, await medical assistance, that has been alerted by AI bots.
The financial world has also had much to gain from integrating hyperautomation; from cost reduction to a more personalized experience that they can offer their clients, banks and financial institutions have embraced this revolutionizing solution. Security in the financial scene can also be strengthened with the help of hyperautomation, that improves fraud detection and assists banks in identifying suspicious behaviour.
Last, but certainly not least, another industry that enjoys the benefits that hyperautomation has brought, is retail. The latter is using automation technologies and artificial intelligence to streamline processes surrounding billing, transportation or inventory. What’s more, retailers are able to make more informed decisions, since hyperautomation can be used to analyse customers’ preferences and feedback, giving companies access to deeper insights.
Now that we have explained how hyperautomation works and how it can potentially benefit your company, you might be asking yourself, where could I start with hyperautomation? Well, first you need to assess your business’ current situation, and identify which areas are in need of improvement, and what processes you can automate. Next, you should be looking into the tools and technologies that your employees would feel most comfortable using and that you can get the most out of; because the successful implementation of hyperautomation entails choosing the right tools to fit your company’s needs. Whether you decide upon a particular strategy on your own, or turn to a specialized vendor who can assist you in identifying the best solution, it’s important that you speak to the specialists who will be working with the new tools, to make sure that you are all on the same page.
Hyperautomation has rightfully gained its leading position in most lists of emerging and disruptive technologies, that will be impacting the way we live and work; this innovative combination of new technologies, of which we must mention artificial intelligence and machine learning, assists businesses in their digital transformation journey, while providing unbeatable advantages. Increased productivity and profitability, improved customer experience, scalability, and efficiency, are some of the benefits of hyperautomation, indicating that the strategy that includes this innovative concept, is well worth the hype.
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