Hyperautomation Journal
News on the impact and influence of hyperautomation, digital transformation, and business process management solutions on business resultsLatest Articles
Topics: hyperautomation | digital transformation | bpm | business process management
Data Fabric: What Is It and Why Every Business Needs One
Data management is important to every contemporary business. Data fabrics present a game-changing, secure solution to managing your data.
Decoupling Data Benefits for Digital Transformation
Decoupling data – what does it mean and why do it? Here’s why CIOs should prioritise decoupling architecture and data fabrics in 2023.
What Are Digital Documents?
There’s a new tool helping to organize and generate value from enterprise data. What Are Digital Documents and how can they help your business to win more customers and grow faster? Read this article to find out?
Digital Versus Digitized Documents
In this article, we compare digital versus digitized documents to uncover the big differences between PDF and CDF files.
How digital documents deliver on Gartner’s top 10 data analytics trends
An accelerated pace of change and the need for greater agility is increasing the demand for more consumable analytics. Read our analysis to see how incorporating Digital Documents into your digital strategy is creating digital leaders. Here we look at Gartner’s top 10...
What can you do with digital documents?
Digital documents are a revolutionary tool enabling digital transformation for businesses. Discover some of the types of digital documents you can create using Encanvas.Rich Media Content ExperienceContent experience documents are all about engaging audiences in more...
Digital documents versus apps
Digital documents are a codeless alternative to app dev. What happens when we compare the CDF with traditional app dev tools like FLUTTER?
Key features of digital documents
Digital documents are a great way to leverage data and technology, without coding. What are they, and what are their key features?
The role of intelligent digital documents in digital transformation
Digital document canvases are a new kind of smart autonomous digital files. They also play a big role in enterprise digital transformation.
Digital Document Autonomy
How do you bring autonomy to App Design? In this article, we dig deeper to find out.
Facts about hyperautomation
1. The worldwide market for technology that enables hyperautomation will reach $596.6 billion in 2022. This is up from $481.6 billion in 2020 and a projected $532.4 billion this year (2021). (Gartner)
2. Combining hyperautomation technologies with redesigned operational processes will allow organizations to lower operational costs by 30% by 2024. (Gartner)
3. Over the next three years automation is expected to increase workforce capacity by 27%−equivalent to 2.4 million extra full-time employees. (Deloitte)
4. The global hyperautomation market is anticipated to grow at a CAGR of 18.9% during 2020–2027. (Deloitte)
5. Intelligent automation is estimated to provide an average cost reduction of 22% and an increase in revenue of 11% over the next three years. (Deloitte)
6. 90% of COOs who are scaling digital automation are doing it to create higher value work for their existing employees. (Salientprocess)
7. Hyperautomation drives improvements in categories such as speed, accuracy, value of work, and operational cost, all of which drives customer satisfaction, which according to Analytics Insight is 21% of respondent’s rationale for adopting hyperautomation. (Salientprocess)
8. In the US alone, automation accounts for 2.6 trillion hours of work per year. The Wall Street Journal has reported 37,000 US–based AI job postings (up 45% from the previous year). (Salientprocess)
9. The hyperautomation market in North America held the second–largest hyperautomation market share in 2019 and is likely to grow at a rate of 17.6% in the forecast period. (Marketwatch)
10. The term “hyperautomation” was coined by the research firm Gartner, calling it the #1 trend in strategic business technology in 2020. (Nividous)
Analysis
Businesses are increasingly prioritizing hyperautomation, which encompasses a comprehensive automation strategy enabled by new digital technologies.
Despite widespread adoption of computer software and automation over the years, many business processes still rely heavily on manual work and document usage. This is particularly evident in businesses that predate the digital age, where offline processes persist behind their online presence. This outdated back-office system not only adds unnecessary costs but also hinders their ability to meet customer expectations.
Today’s digital customers seek self-service, transparency, and real-time performance insights. Hyperautomation initiatives, supported by no-code software development platforms like Encanvas, present businesses with the opportunity to modernize their IT infrastructure and create a cohesive digital ecosystem to enhance customer experience while reducing sales costs.
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