As the current economic crisis unfolds, a greater need for businesses to streamline workforces has emerged. Automation allows businesses to increase productivity, lower costs and reduce risk, and is therefore an essential component in this streamlining.
Hyperautomation, which was only recently coined as a term by Gartner and declared as “an unavoidable market state”, further enhances the capabilities of automation by increasingly helping organizations visualize how functions, processes and key performance indicators interact to drive value.
Hyperautomation is, in other words, an expansion of automation that lets robots increasingly perform tasks that humans otherwise would.
But exactly what tasks can hyperautomation be used for, and which businesses and industries is it most relevant to? These are questions that have surfaced in the wake of this trend.
Which industries is hyperautomation relevant to?
Hyperautomation is relevant in many industries such as banking and insurance. There are virtually no limits to where hyperautomation can be leveraged. It’s more a matter of where the largest return on implementing hyperautomation can be found.
For this reason, it’s more relevant to look at specific use cases for hyperautomation, as well as which underlying technologies it utilizes to deliver its value.
Examples of hyperautomation
Generic examples or use cases for hyperautomation include:
- Understanding documents using OCR (Optical Character Recognition)
- Understanding emails using NLP (Natural Language Processing)
- Forecast stocks and automate restocking
- Enhancing automation flows using AI/ML (Artificial Intelligence/Machine Learning)
Watch: Hyperautomation use case
The first of these is described in further detail by AI automation specialist Florin Manole in the video clip from our webinar on hyperautomation below.
- Learn about the remaining use cases
- Watch one of the use cases implemented in an automation flow
- Gain an in-depth understanding of what hyperautomation is
Ready to learn more and get started with hyperautomation?
As with any technology, implementing hyperautomation requires a strategic approach and the right toolbox to deliver value. Unscalable, partial solutions that don’t give you an instant ROI won’t get you where you need to be fast.
Watch our webinar on hyperautomation to gain a deeper understanding of hyperautomation and what it can and cannot do for your business. Sign up below.