Nowadays, many business leaders look at the challenges ahead- the productivity issue, ongoing inflation, slower economic development, and many more – and immediately search for strategies that will solidify their position.
However, smart leaders recognise opportunities to make investments in overcoming these obstacles in order to ensure that their companies prosper both now and in the future. They understand that increases in efficiency, output, and performance capacity will yield steady and constant benefits for the entire organisation. Leaders are increasingly focussing on the proven benefits of Intelligent Automation to provide a competitive advantage for their companies.
According to a report by Grand View Research, global intelligent automation market size is projected to reach $24.35 billion by 2025, expanding at a 42.2% compound annual growth rate (CAGR).
In this blog, let’s understand how businesses benefit from intelligent integration and automation.
Cut Expenses and Boost Productivity
Any kind of business processes can be made more efficient through the use of automations and integrations, which will ultimately reduce the amount of manual data entry required while increasing efficiency and reducing human error.
This ultimately results in several types of cost reductions for your company. When it comes to processing invoices, for example, you can reduce labour expenses because employees will not have to enter the invoice data again into all of your company apps. You can also avoid paying for errors in manual data entry that occur during the invoice processing process.
Improve the Experience for End Users
You must offer a single, conversational, unified, intuitive, and consistent user experience (UX) to your end users, who can be customers, workers, business partners, students, citizens, etc. This way, they can interface with a range of different backend systems. For the simple reason that it spares them from having to deal with the many different and inconsistent user interfaces of these platforms.
Technology for automation and integration can meet this need in a variety of scenarios. Take the employee experience, as an example.
Your employees have access to many different applications with inconsistent user experiences, which can lead to confusion, duplicate efforts, and manual errors. Additionally, if your employees need to switch between different applications to carry out tasks, they have no choice but to do so. This may involve copying and pasting data between multiple “screens,” which can consume a significant amount of time in the long run.
Your business communications platform (such as Microsoft Teams) can offer a platform bot that is integrated with your backend systems, so immediately addressing both problems. This is done using intelligent integration and automation technology.
This type of bot allows employees to access the data and functionality they need from their backend applications through a conversational, natural-language interface. It integrates seamlessly with their business communications platform, making it easy to use.
Allow for Change and Adaptability in Business
To various extents, the pandemic has forced organisations to modify their ways of doing business. Some have changed their business model completely, while others have moved some of their operations to be exclusively digital.
It is essential for organisations to possess the ability to quickly and strategically adapt to business automation processes in response to modifications in the external business environment.
All thanks to intelligent integration and automation technology, which allows you to change or redesign your integrations and workflow automation processes quickly, and in some cases, within a matter of minutes.
Provide Insights and Situational Awareness
While it is important to understand historical data, it is even more important to combine real-time insights from multiple sources and make this information available to your business leaders. This allows them to have “situational awareness,” or a real-time understanding of what is happening in the company and is crucial to assisting them in making timely, data-driven, and strategically important operational decisions.
Let’s take an example where your company builds its items using raw materials from a source. A real-time supply-chain dashboard would allow you to know as soon as their delivery is running behind schedule. You could respond by searching for other providers as soon as possible (or make other efforts to minimise this inconvenience).
Intelligent integration and automation technologies can generate these real-time insights by pulling data from several sources, formatting it, and sending it to a stream analytics platform.
Your business users can then receive customised business dashboards from the stream analytics platform. On top of these streaming analytics tools, you can even create automated alerts to instantly notify the relevant parties when specific noteworthy, time-sensitive events occur.
Using Innovation to Create Distinction
The way an organization’s tools function together, rather than the tools itself (which anybody can purchase from the same vendors), is what sets it apart from its competitors.
By using intelligent integration and automation technology, you may revolutionise your operations and achieve a competitive advantage for years to come by combining your business applications, mobile apps, IoT-enabled devices, and services from business partners in novel and creative ways.
Conclusion
In conclusion, business automation is growing rapidly as more companies invest in it every year. According to a 2020 Deloitte survey, 73% of worldwide leaders said their companies are implementing intelligent automation. Businesses can build more dependable, scalable, and efficient business processes by automating tasks. Automation speeds up activities and allows more work to be done in the same amount of time, improving operational performance and increasing revenue creation.
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Frequently Asked Questions (FAQs)
What is intelligent automation capable of?
Intelligent automation can identify inefficient areas and track repetitive processes. Employee time can be allocated to more crucial work by automating time-consuming processes in a corporation. Workers have more time to devote to creative and strategic thinking assignments.
How does intelligent automation look to the future?
Intelligent automation is the process of automating complicated jobs and procedures that humans typically complete by combining robotics, AI, and machine learning. This technology has the power to completely transform a number of industries in the near future, increasing productivity, cutting expenses, and opening up new possibilities.
Why would people want to learn about intelligent automation?
Intelligent automation serves as the ultimate middleman by eliminating mistakes that can complicate your company’s operations. Automate data entry, processing, and analysis to guarantee precision and uniformity throughout all systems. Say goodbye to expensive errors and welcome more streamlined, dependable procedures.