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
Release The Creativity of Your Workforce Digital Document Publishing
With digital documents from Encanvas, you can release the creativity of your workforce by giving them the autonomy to build stand-alone digital documents
Digital documents and the democratrization of IT
The democratization of IT is about giving people greater power to build their own apps. Here we uncover how digital documents can help.
Digital documents and innovation
Documents are a familiar concept to almost every human on the planet. In this article, we describe why that fact matters so much when powering digital transformation.
Digital document architectures for business transformation
Get up to speed on what a digital document architecture looks like and how it works to fuel innovation
Deliver small and wide data with digital documents
How digital documents deliver small and wide data, allowing data-driven enterprises to optimize their business models and efficiency,
Digital documents and composability
Why digital documents hold the secret to composability “Organizations practicing high levels of business composability are operating one to two years ahead of their peers.”—Gartner, 2002 A focus on survival is not a sustainable business strategy Mindset is everything...
Digital documents and analytics
Every digital business is driven by data. How are digital documents transforming accessibility to the insights executives and information workers need? We investigate.
How Encanvas helped Overall Eesti become data-driven
Digital businesses want to make informed decisions driven by data. Here’s how Encanvas digital documents helped Overall Eesti achieve that.
Codeless web development in an agile world
Enterprise app software platforms allow companies to create their own agile codeless digital ecosystem, bringing data together in one place.
Fusion Teams Versus DevOps
With the advent of low-code and no-code technologies, businesses are transforming digitally supported by Fusion Teams
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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