Hyperautomation: The Beacon for Your Digital Transformation Journey

The concept of automation is always evolving. IT leaders have already seen the value of automation and how it improves the whole process, and they are now searching for new ways to employ hyperautomation to achieve digital transformation goals.

According to a market analysis conducted by Global NEWSWIRE, the global hyperautomation market is predicted to rise at a CAGR of more than 18.7 percent over the next few years, reaching a value of more than US$ 32,632 million by 2030. The hyperautomation market has grown rapidly across a variety of business sectors (retail, manufacturing, BFSI, automotive, and so on), with the BFSI industry having the most potential for hyperautomation application.

The term hyperautomation was first introduced by Gartner. In its most basic form, hyperautomation is the seamless automation of corporate processes through the use of modern technologies. The primary purpose of hyperautomation is to improve AI-driven decision-making by combining RPA, AI, machine language, and data science. This frequently leads to the formation of an organization’s digital twin, which in turn streamlines business processes.

Benefits of Implementing Hyperautomation

By automating increasingly complex processes that need human knowledge input, hyperautomation provides businesses with fast-track solutions to incorporate everyone in business change.

The combination of trending technologies like AI and RPA provides the capacity and agility to automate in places where automation was previously unachievable. Such a blend of technologies results in an advanced digital workforce capable of doing repetitive activities to improve employee performance.

The efforts of intelligent automation primarily target reduction in cost and increase compliance. Some of the other significant benefits of hyperautomation for advanced business models are as follows:

• Automation takes the burden of manual repetitive tasks and allows employees to focus on more crucial tasks.
• Businesses do not have to rely on a single tool to automate. They can achieve size and flexibility by utilizing a set of tools and implementing cultural change.
• Combining digital tech across the company processes and legacy systems made possible by hyperautomation.

Above all, it is critical in driving all digital transformation activities, and firms that can leverage this technology to their benefit will always have a competitive edge.

Challenges Associated with Hyperautomation

In the present circumstances, intelligent automation challenges arise as the requirement to replace monotonous activities and generate corporate revenue grows. Common challenges that enterprises can face while implementing hyperautomation in their SDLC process include:

• Choosing the best option from a constantly expanding and dynamic product marketplace
• Assuring the project has a strong leader
• Forming internal experts
• Planning a visible and imperceptible Return on Investment (ROI) up front with greater precision
• Creating a project timeline and following it dedicatedly
• Obtaining shareholder and administrative support for an unconventional and novel strategy
• Clarity on the metrics on which success is measured

Above mentioned points are a few of the common challenges that take place while embarking on the journey of hyperautomation. These issues can be overcome by taking certain corrective actions.

The Right Hyperautomation for your Digital Transformation Journey

As we discussed the benefits and challenges associated with hyperautomation, there are many other aspects that businesses need to consider while selecting the ideal platform to cultivate digital transformation.

Installation and implementation should be instant and simple

Often automation solutions are presumed to be difficult to use because of their complexity. With the integration of newer cloud-based technology, features like quick registration and lower handle such bottleneck issues effectively.

Easy to operate and learn

After you’ve decided on a platform, you’ll need to develop your processes and train your employees. The difficulty level of these assignments will be determined by the software provider you select.

Some platform solutions may require deep technical knowledge for efficient operation. This indicates companies need to provide employees with on-site training or teach them through online courses.

While other platforms avoid such hassles by collaborating with trending technologies like low-code or scriptless automation to offer a simple interface that can be used even without technical experience.

Efficient software integration with high functional depth

To get the most out of your software, you must link it with your other business processes. Most systems have API-based or built-in integrations. Built-in integration choices include built-in integration capabilities for some software.

This eliminates the need for your personnel to access software source code to create your connection.

Final Say

Hyperautomation is essential for any business, no matter how big or small, if it wants to stay competitive. In addition to saving time and money, hyperautomation may also boost employee productivity in other ways. People could concentrate on new, important things rather than just pointless ones like data entry.