Organizations are increasingly understanding that avoiding digital transformation is not an option and that they may no longer be competitive if they don’t jump in now. As the post-pandemic era demands businesses to risk-proof processes and operations, harnessing the benefits of automation technologies is essential to ensure efficiency and sustainability.
In 2022, as more organizations are leveraging the power of automation as they navigate towards recovery, the significance of the technology is ever increasing. In a recent survey of IT and engineering leaders by Gartner, 74% of respondents said that automation had helped their workforce work more efficiently, with 59% reported cost reduction up to 30%.
It is proved that automation enables enterprises with highly focused solutions to tackle complex workloads, challenges, and processes, adding efficiency and profitability.
Let us dig deeper into how the coming year will shape an automation-enabled future.
Digital data will take center stage.
Manufacturers are becoming more comfortable with big data, which is what makes a smart factory work. True smart factories will have command centers that bring together data from across the organization in ways that companies have never been able to do before. Most importantly, organizations will have ways to act on the data, bringing technology and humans together. The intersection of the command center and humans will lead to true business transformation.
2022 is The Year of the Smart Factory.
In reshaping our world toward a new normal, industry should leverage digital transformation at an accelerated pace. So, manufacturing will move from occasional smart factory use cases to full-scale smart factory adoption.
With material costs skyrocketing, organizations cannot afford quality errors. Software solution systems will become increasingly essential in quickly identifying mistakes or defects before they impact the whole production line. This will lead to significant improvements in quality and safety and play a big role in lean transformation.
Business process automation, for instance, can help manufacturers respond to the shortage of staff by enabling them to free up precious labour for the tasks that can’t be automated.
Every manufacturer should ask themselves if they are ready for The Year of the Smart Factory. If the answer is no, a little FOMO and a lot of due diligence about their smart factory opportunities could be all they need to get started and get ahead.
Automation – the enabler of the employee growth.
For decades, there has been a lot of buzz around the future of work and automation. For years, employees have feared automation as something that has arrived to steal jobs and take over from humans. However, various researches prove that such assumptions are wrong. Though there are many benefits offered by automation, at the end of the day, robots won’t ever fully replace humans in the business landscape.
We believe that with the widespread adoption of automation across all sectors in 2022, employees will finally be able to get over years of skepticism. Automation will emerge as an enabler for employee growth and work satisfaction. It will allow humans to move to more strategic positions where employees can utilize their skills and intelligence to contribute towards organizational growth.
Hyperautomation Is Here To Stay
Hyperautomation brings together several components of process automation, integrating tools and technologies that amplify the ability to automate work, offering opportunities for businesses to achieve scalability, reliability, and efficiency from cost savings and increased delivery speed.
”Organizations are shifting, or have shifted, to consume more impactful integrated hyperautomation technologies….”Gartner, Predicts 2022: Accelerate Results Beyond RPA to Hyperautomation”
The worldwide market for technology that enables hyperautomation will reach $596.6 billion in 2022, according to a new forecast from Gartner, Inc.
“Hyperautomation has shifted from an option to a condition of survival,” said Fabrizio Biscotti, research vice president at Gartner.
Despite overall spending cuts, spending for digital transformation has actually increased as organizations rapidly adapt their workflows, services, and business models. According to a recent Gartner report, over 80% of organizations say they plan to continue or increase their level of automation started last year. With investment on the rise, executive teams must ensure it’s being allocated strategically.
The result is that organizations are leveraging AI and machine learning to automate as much as feasibly possible. By automating, organizations can reduce human error and make processes more efficient by removing human interventions and delays.
The difference between 2021 and 2022 is that for 2022 and beyond, hyperautomation is accelerating.
Critical operations, infrastructure, and data processes will need to be automated with automation tools that provide programmatic integrations and deeper functionality.
AI-powered BPA will transform the way organizations work.
In the near future, different tools will be integrated to enhance the power of Business Process Automation. AI-powered BPA will redefine the possibilities of automation, transform digital workflows, increase productivity, and accelerate deliveries. It will enable organizations to get more done with less.
A Gartner report says that by 2025, AI will be the top category driving infrastructure decisions, due to the growth of the AI market.
By 2026, 40% of global 2000 largest companies will have used AI, data governance and a transformed organization to develop a resilient and distributed operational decision-making framework, that drives 25% faster change execution” – IDC’s Top 10 Future of Operations Predictions
The time is now for companies to make bold investments in technology and capabilities that will equip their businesses to outperform others.
Working with a partner like KIM, you can speed up the process in your digital transformation.
If automation is on your agenda, let’s have a conversation on how we work and what technologies you need to integrate.
