Intelligent Automation: The Key to Unlocking Competitive Advantage
This article explains to you the benefits and future of intelligent automation.
An intelligent automation system combines artificial intelligence (AI), robotic process automation (RPA), and business process management (BPM) technologies to automate low-level tasks within a business. You can also call it cognitive automation. The system helps create end-to-end business processes that can learn, think, and adapt by themselves. Intelligent automation helps scale and streamline decision-making processes across organizations. The system simplifies processes, frees resources, and improves operational efficiencies and applications to enhance businesses.
We will discuss the three cognitive technologies that comprise intelligent automation to empower technology and business transformation.
Artificial Intelligence (AI) AI is the most critical component of intelligent automation that uses complex algorithms and machine learning to analyze structured and unstructured data within businesses.
Business Process Management (BPM) BPM, also called business workflow automation, helps automate workflows to provide consistency and agility to business processes. The process streamlines and improves engagement and interactions between businesses and their clients.
Robotic Process Automation (RPA) RPA uses bots or software robots to do back-office tasks like filling out forms or extracting data. The bots combine with AI to help handle complex organizational tasks.
Benefits of Intelligent Automation
Intelligent automation enables businesses to automate complex work processes by using advanced technologies. The end-to-end digital automation frees team members from repetitive tasks related to core business processes.
We will discuss the benefits of intelligent automation in detail below.
1. Reduce Your Company's Expenses
Having intelligent automation in place gives long-term cost reductions as your firm grows. According to KPMG research, automation has the potential to reduce expenses in the financial services sector by up to 75%. Furthermore, organizations might save 40% to 70% of their time spent on repetitive procedures each year. With your extra time, you may be able to reduce the size of your crew or take on additional clients.
2. Data About Business Processes
Significant data may get lost during translation when you perform business processes across multiple systems. Moreover, you do not have visibility into how the tasks get accomplished across platforms. An intelligent automation platform creates audit trails for all task systems and collects and organizes the data. The process automation allows businesses to uncover errors and discrepancies in the data and identify optimization opportunities.
3. Avoid the Possibility of Human Mistakes
When your staff executes the same tedious duties repeatedly, there is always the possibility of human error. People, after all, make mistakes. These mistakes, while unavoidable, may be extremely damaging to organizations. In fact, they are responsible for around 82 percent of manufacturing mistakes and 50-70 percent of electronic equipment failures.
Human mistakes, regardless of business, may be costly and time-consuming to fix. You will never have to deal with these errors again if you do not automate company procedures. Automation saves you and your clients time and resources, as well as removes the need for rework.
4. Intelligent Automation Solutions Integrate Business and Process Data to Provide New Insights
Business data displays the outcomes of your work; process data demonstrates how that work is completed. Sales numbers, inventory levels, conversion indicators, and so forth are examples of the former. The latter informs you that a certain user completed a specific activity, how long it took the user to complete that work, how many times the user completed that task on a given day, and other action-oriented statistics.
An intelligent AI platform combines all of this data into a single system. This type of data unification results in highly informative reporting, allowing managers to detect redundancies, perspective changes, and readily compare procedures to outcomes.
5. Ensure Analytics and Audits are Traceable
When you use intelligent automation at your company, you will always have a comprehensive and fully traceable path. You'll be able to track every procedure from beginning to end, which will enhance your analytics and aid in financial audits.
The Key to Unlocking Competitive Advantage
Intelligent automation technology has redefined the business world's landscape and helped multiple organizations achieve the ultimate progress mechanism to unlock competitive benefits. Here is how automation systems offer competitive benefits.
Machines are Taking Over More And More Process Tasks
The amount of labor performed by intelligent machines is constantly expanding, and many firms are using automation to glean meaning from a flood of process data.
Companies anticipate a 50 percent increase in the amount of sophisticated and regular judgments made by computers between 2021 and 2023. Therefore, organizations will delegate more process labor to robots as automation techniques include AI and other cognitive technologies.
The More You Improve Procedures, The Better The Results
Respondents who have enhanced more business processes using automation, AI, and analytics get better results than those who have augmented fewer processes. Higher performance categories include operational efficiency, decision making, risk reduction, and a better customer experience.
Highly Scalable Automation Implementations are Uncommon
Only 8% of companies say they have implemented automation on a large scale. Instead of integrating processes into a workflow, most firms introduce automation piecemeal, focusing on process pain points. This strategy will shift when businesses see the advantages of deploying increasingly powerful automation building sets across company operations and focus on assisting people in adapting to the new way of working.
Intelligent Automation in Action
Intelligent automation helps deliver the following business drivers - growth and resilience, operational efficiency, better employee and customer experience, and reduced costs. We will discuss the five advantage points of intelligent automation in detail below.
1. Enhanced Business Resilience
With a thorough automation plan, you can not only handle the current crisis but also better prepare for future challenges.
With a thorough automation plan, you can not only handle the current crisis but also better prepare for future challenges. Businesses are currently forced to use a primarily remote staff. As a result, having strong automation techniques in place can enable crucial business processes that would otherwise be impossible due to social-distancing constraints. In the logistics business, for example, robots keep warehouse employees and delivery staff at a safe distance while allowing for uninterrupted services.
The use of automation, however, does not cease with the epidemic. In fact, in order to weather the economic consequences of the epidemic, many businesses have grown more fiscally cautious. Automation investments are a tried-and-true technique for lowering costs and improving resilience.
2. Increase The Level Of Security, Compliance, And Secrecy
The capacity to exploit Big Data insights has resulted in a seismic shift in the way many businesses do business in the twenty-first century. With a well-planned and flexible, intelligent automation strategy in place, your organization's mission-critical data is better secured against threats and errors.
3. Operational Efficiency
Automation's improved efficiency and speedy time to value have always been promising aspects, but they are even more critical now because businesses are scrambling to resume operations and restore momentum following the pandemic's catastrophic impact. Even a simple automation solution has the potential to reduce processing expenses by 40 to 80 percent and processing time by 80 percent.
4. Improved Customer Experience
Internal efficiency translates to outward-facing benefits for clients and consumers when a firm incorporates RPA automation into its operations. Questions are handled more promptly and precisely, concerns are resolved more effortlessly, and the onboarding process is significantly simplified.
5. Increased Employee Satisfaction
With the advent of AI, the number of cases requiring manual intervention decreases, allowing human workers to spend less time monitoring automated processes and more time undertaking engaging, gratifying work.
Future of Intelligent Automation
Businesses across sectors have recognized the benefits of automation and are ready to move forward. Organizations may start constructing a real digital workforce capable of imitating many aspects of human intellect and judgment by adding artificial intelligence to automated operations. When this occurs, the basic promises of automation, faster procedures, fewer costs, decreased chance of mistakes, and freeing staff from the most monotonous tasks, can rise to a new level, yielding even larger bottom-line advantages.
Boost your Productivity with Inteligent Automation Sign Up 14 Day Trial
Summing it Up
Intelligent automation involves the integration of robotics with multiple superior technological components to enhance complex business processes. The process helps transform the organizational work processes in several industries from finance, HR, tax, customer care, regulatory compliance, etc. A software solution that is agile, scalable, and simple to adopt is essential for the transformative benefits of intelligent automation.
BotPath is an efficient robotic process automation software that helps automate repetitive tasks based on multiple rules. The software allows users to select customized templates or develop new ones to create and automate business workflows. The best part about the software is that it uses bots to extract data from multiple websites.
Automated Repetitive Tasks
End-to-End Bot Development
Customized Bot Builder
Unlimited Automated Workflows Management
Automated Data Extraction
Workflows Recording Management
Rule-based Process Automation
Seamless Data Management
Unbelievable pricing - the lowest you will ever find
Everything your business needs - 50 apps, 24/5 support and 99.95% uptime
Join the SaaS Revolution
All-in-One Suite of 50 apps
Unbelievable pricing - $14.99/user
24/5 Chat, Phone and Email Support
Email Finder Author Finder Email Validator Email List Email Hunter Email Checker Email Lookup Email Extractor Email Address Finder Email Scraper Find Emails CRM Software CRM Sales CRM CRM Software Enterprise CRM Software Cloud CRM Software Sales Enablement Workflow Automation Retail CRM Call Center CRM Real Estate CRM Sales Tool SDR Software Sales Engagement Platform Sales Qualified Leads Lead Management Tool Sales Tracking Sales Automation Outbound Sales Sales Prospecting Follow Up Leads Lead Management Call Center Software Call Center Software Outbound Call Center Auto Dialer Software Dialer Call Monitoring Automatic Call Distributor Answering Machine Detection Cloud Contact Center Software Virtual Call Center Call Management Time Tracking Time Tracking Employee Monitoring Time Tracker Time Tracking Software Timesheet Employee Time Clock Employee Tracking App Timekeeping Tracking App Time Clock App Applicant Tracking System ATS Applicant Tracking System Application Tracking System Applicant Software Recruiting Software ATS System Applicant Tracking Applicant Tracker Recruitment Software Candidate Relationship Management Systems Video Interviews Assessment Management Recruitment Software Video Interview Virtual Interview Coding Interview Interview Tool Online Assessment Employment Assessment Test Position Management Hiring App HRMS Software Human Resource Management HRMS Software HR Software Payroll Software Human Resource Software Employee Onboarding HRMS HR System Employee Management Document Management AI Writer Lead Enrichment AI Email Writer Sales Pitch Writer AI LinkedIn Outreach SEO Email writer Backlink Email Writer LinkedIn Chrome Extension Opening Line Writer Lead Generation Linkedin Search Prospect Lead Generation Sales Generation Data Enrichment CRM Integrations Technology Search Search with Email Integrations Website Search OKR Tool KPI OKR Task Management Performance Review Employee Performance Evaluation Employee Review Performance Management System OKR Goals MBO Email Notifications Learning Management System LMS Elearning Enterprise Learning Management Professional Development Employee Training Learning Management System Learning Platform Asynchronous Learning Training Management Knowledge Management Chatbot Chatbot AI Chatbot Customer Service Chatbot Online Chatbot Create Chatbot Messenger Chatbot Chatbot Software Website Chatbot Software Survey Bot Bot Builder Help Desk Software Ticketing Tool User Experience Help Desk Software Ticketing System Helpdesk Ticketing System Feedback Management Service Desk Software Support Ticketing Software Helpdesk Support Software Customer Service Ticketing System Live Chat Customer Service Software Live Chat Software Live Chat App Live Chat System Website Live Chat Live Chat Tool Web Chat Software Live Chat Support Software Customer Service Tool Live Chat Service Customer Feedback Customer Feedback Survey Customer Feedback Management Software Feedback Management Tool Customer Satisfaction Survey Software Customer Feedback Management System Client Feedback Software Survey Analysis Feedback Survey Software Feedback Management System User Feedback Software Customer Onboarding Customer Success Management Onboarding Process Workflows Customer Retention Customer Journey Onboarding Checklist User Segmentation Personalization Customized Templates Popup Builder API Platform End To End API Management Unified API Control REST API Management Web API Gateway API Documentation API Management API Integration API Development Unlimited Projects API Gateway Single Sign on Authentication Software Application Management Password Management SSO Configuration SSO Single Sign-On Access Management Easy Set-Up Single Login Secure Login App Builder App Builder Platform Low Code Application Platforms Low Code Development Build Your Own App Low Code App Software Drag And Drop Builder Custom Application Low Code Platform Low Code No Code Bespoke Software App Widgets Custom Widget File Picker Playground OAuth Keys File Manager Website Monitoring Reporting Web Application Monitoring Website Monitoring App Monitoring Performance Monitor App Baseline Analysis Location Insights Alerting System Reporting Wireframe Tool Design UI UX Project Management Mock Designer Wireframe Designer Website Mockup UI Prototyping Image Library Project Management Real-Time Updates Design UI UX Website Builder Website Builder Webpage Builder Website Creator Landing Page Creator Website Maker Blog Builder Ecommerce Website Builder Website Analytics Website Development Landing Page Builder Email Marketing Email Marketing Software Bulk Email Sender Automated Email Email Campaign Systems Email Automation Software Autoresponders Email Blast Service Email Marketing Email Marketing Automation Drip Campaigns Social Media Management Instagram Post Scheduler Social Media Analytics Social Media Management Social Media Planner Social Media Calendar Social Media Scheduling Social Media Listening Social Media Monitoring Social Listening SEO Tool Keyword Tool Link Building SEO Optimizer Website Audit On-Page SEO Broken Link Checker Rank Tracker Website Grader SEO Competitor Analysis Website Recording Website Analytics Click Tracking Usability Testing Website Monitoring Mouse Tracking Visitor Recording Session Replay Conversion Funnels Website Recording Website Visitor Tracker Website Personalization Lead Generation Tool Popup Maker Lead Generation Software Popup Builder Website Personalization Software Lead Capture Software Popup Builder Lead Capture Tool Lead Generation App Website Personalization App Content Planner Content Planner AI Writer Social Media Content Planner Ai Content Writer Social Media Content Calendar Content Generator AI Blog Writer Content Marketing Software Social Media Calendar Social Media Planner Push Notification Push Notification Push Messages Push Notification Service Push Service Push Notification App Custom Notifications Mobile Push Notifications Push Notification For Website Push Notification Tool Push Notification Providers Image Personalization Email Marketing Template Countdown Clock Personalization Software Personalized Software Countdown Clock Countdown Timer In Email Personalization Tool Personalized Images Personalized Videos Conversational Chatbot PPC Management Keyword Research PPC Management PPC Marketing Keyword Finder Keyword Generator Shopping Ads Adwords Reports Keyword Research Tool Keyword Suggestion Tool Team Chat Team Chat Software Collaboration Software Team Collaboration Team Communication Online Collaboration Collaboration Tool Teamwork Collaboration Virtual Communication Team Collaboration Software Business Phone System Virtual Phone Numbers Virtual PBX Toll Free Numbers Business Phone System IVR PBX Small Business Phone System PBX System VoIP Phone Cloud Phone Video Conferencing Video Conferencing Video Call Recording Virtual Conferencing Software Virtual Meetings Virtual Meeting Platforms Virtual Conference Platforms Online Conference Platforms Video Calling Software Cloud Meetings Video Conferencing Software Email Provider Email Software Software For Emails Hosted Emails Email With Domain Custom Email Address Email Hosting Business Email Address Email Encrypted Custom Domain Email Project Management Software Project Management Task Management Project Planner Project Management Tool Task Management Software Project Planning Software Project Management App Task Management App Project Management System Project Management Software Form Builder Form Builder Survey Builder Order Forms Web Forms Form Maker Form Creator Form Designer Survey Maker Survey Creator Custom Form Appointment Scheduling Appointment Scheduling Software Appointment Scheduling System Meetings Scheduler Appointment Scheduling App Online Appointment Scheduling Online Scheduling App Appointment Scheduler Appointment Booking App Calendar Scheduler Online Scheduler Robotic Process Automation RPA Tools RPA RPA Automation Robotic Automation Software Data Scraper Web Scraper Robotic Automation Website Scraper Business Process Automation Robotic Process Automation Business Process Management Workflow Management Business Process Modelling Business Process Automation BPMN BPM Software BPM Tool Business Process Management Workflow Software Workflow Automation Business Process Mapping App Integration Workflow Software Workflow App Workflow Automation Process Automation Application Integration Data Integration Tool Workflow Management Software Data Integration Software Workflow Tool Marketing Automation Electronic Signature Signature Maker Digital Signature Software Digital Signature Pdf Signer Esign Online Signature Signature Creator Sign Documents Online Electronic Sign E Signature