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
The No-Code Software App Factory
Digital businesses have become no-code software app factories producing apps to differentiate their customer experience and automate
What is a Digital Transformation Platform?
Digital Transformation Platform is a computing platform used to support the orchestration of business models in support of digital transformation.
What is a digital ecosystem?
A digital ecosystem is – ‘..an interdependent group of enterprises, people and/or things that share standardized digital platforms for a mutually beneficial purpose, such as commercial gain, innovation or common interest, growth and shareholder returns.’
Digital Transformation Platform
Digital Transformation describes a foundational change in how an organization delivers value to its customers.
Task Automation or Digital Transformation?
Should your leadership team be thinking about Task Automation or Digital Transformation? Read this article to review your options.
Two-Speed IT Or Not, That Is The Question
In this article we debate the need for two-speed IT to drive digital transformation
Low-Code Digital Transformation
How can your business use Low-Code Digital Transformation and equip managers to get more involved in the change agenda?
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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