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Business Taking a New Leap with AI and RPA in Hyper-automation

Hyper-automation has created a stir in business process management. We are discovering the transformation of hyper-automation in an organization with the guidance of AI and RPA.

Table of contents

Introduction

1. The Best Practices of Hyper-automation in Business

2.  How Hyper-automation Helps Manager +title

3. Case study

Final Thoughts

Introduction

Hyper-automation is a new term for technology and other industries where automation is needed. According to Gartner, hyper-automation is one of the most trending technologies that will greatly impact the next few decades. The motive of hyper-automation is to cancel out the repetitive tasks and make the whole task automatic by creating bots to perform them. These tasks will be performed with the combination of robotic process automation (RPA) and other advanced technologies like artificial intelligence (AI). In this article, we will understand the key benefits and best practices of hyper-automation. We will also get a glimpse of how it will help the manager + title achieve organizational goals.

1. The Best Practices of Hyper-automation in Business

Hyper-automation is crucial to empowering businesses through digital transformation to build fluidity in organizations that are capable of adapting rapidly to change. With the increase in competition in the business world, hyper-automation needs to be understood and analyzed properly. Here are 8 tactical points that will lay a good foundation for strategizing hyper-automation:

1.1 Creating a Strategy
When implementing hyper-automation, C-suite levels should understand what kind of strategy or which department needs this approach. Thus, a well-thought-out plan is needed to start somewhere.

1.2. Building the Right Team

To run the hyper-automation approach, a team with an accurate set is needed. The team should consist of manager-level data experts and analysts for their expertise in technical and strategic knowledge.

1.3. Everything Needs to Be Documented

Right from the start, the whole process of implementing hyper-automation, from each progress to any improvements after using the approach, needs to be documented for future reference.

1.4. Conduct an Audit 

Managers need to understand the current level of digital transformation in their business and identify the processes that still need to be automated. This audit generally contains KPIs and data collection, which will help in decision-making and creating a plan for the future.

1.5. Setting a Suitable Tech Stack
To get suitable technology tools in place, C-suites from the technology profession need to focus on varieties of real-time data to provide accessibility from different sources, such as data warehouses, structured data, and data analysts.

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1.6. Executing Hyper-automation Strategies 

  • Start collecting data and creating a data quality for establishing it in the data warehouse.
  • Establishing automated notifications across different departments in the organization so that stakeholders can be alerted about any issues that can be addressed.
  • Implementing AI and ML models and training them according to continuous improvement in the business.

1.7. Continuous Education

After implementing the hyper-automation approach with the right tools, all employees need to gain knowledge and have the necessary skill set to analyze and understand the function of the newly automated tools.

1.8. Adopt Transparency and Communication

Manager + title must always encourage their subordinates to share information, have clarity, and cooperate to help in successfully improving hyper-automation in their company.

2.  How Hyper-automation Helps Manager +title

Hyper-automation is one of the most significant trends in the digital transaction community. It tends to accelerate growth in industries where it is properly implemented. Let’s take a look at how hyper-automation helps managers + titles achieve organizational goals.

2.1.Achieve Business Goals
In the cutthroat business environment, organizations need modern ways to improve their goals. Hyper-automation helps streamline enterprises’ workflows and eliminates the traditional operational process. Different industries may have different needs, but with hyper-automation, companies want growth and focus on upscaling operations to meet customer needs.  

2.2.Enhance the Customer Experience

Hyper-automation helps the organization ensure a seamless and consistent customer experience and maintain a cordial relationship. For example, in the banking sector, with the guidance of new technologies like AI and ML, the IT teams focus on customers’ digital experiences and streamline documentation processes like Customer Due Diligence (CDD) and onboarding clients hassle-free. The RPA bots can reduce document verification time and also solve intricate customer demand services easily.

2.3.Drive Digital Transformation

The RPA in hyper-automation creates a digital transformation strategy that is usually conducted by humans. For example, Amazon Go retail stores across the U.S. cities have implemented automation technology that includes no human interaction. These stores have digital selves to check inventory and automated billing for customers, which provides a hassle-free digital experience. 

3. Case study 

The tech giant IBM has developed its very own hyper-automation called “IBM Automation”. 

IBM is one of the multinational technology organizations that has recently specialized in hyper-automation. The chairman and CEO, Arvind Krishna, believes that “our clients’ systems support modern society. In making them faster, more productive, and more secure, we don’t just make the business work better. We make the world work better.” With this vision, this AI-powered automation tool will benefit HR, finance, and supply chain management to resolve challenges and differences in business and IT processes. The IBM Cloud Paks with IBM Automation provides an intelligent automation solution with the help of RPA-driven automation.

Final Thoughts

Hyper-automation is gradually making its way into companies to accelerate the digital journey. According to studies by Salesforce, by 2024, around 80% of organizations are expected to use hyper-automation as their technology map. It is time that companies reap the benefits of hyper-automation and stand out from other companies that still have not implemented this exciting approach.

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