With the Corona Crisis, 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 coined as a term by Gartner in 2020 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.
Hyperautomation is relevant in many industries, from banking and insurance to health and life science. 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.
Generic examples or use cases for hyperautomation include:
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.
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 in time.
Watch our webinar on hyperautomation to gain a deeper understanding of hyperautomation and what it can and cannot do for your business.