A process automation software allows businesses to achieve much more varied and compound actions without the necessity of human interference. Thanks to the machine learning platform which learns and improve itself depending entirely on its own grounded data depending from its prior experience. Artificial Intelligence (AI) can also offer valuable decision support and insights for management.
But, how can all these interpret into actual, tangible ROI? Let us have a look,
Taking a step ahead in the race is like the key to victory – especially in today’s business world. Every enterprise wants to get digital transformation and hopes to make it to the top. The use of IT process automation (ITPA) can enable this change, not only by simplifying processes but also by freeing up human efforts that can be channeled into more important tasks. When tedious technical activities and ordinary tasks alike, no longer need human input, the workforce can apply their skills, efforts and time toward higher value endeavors.
One more way ITPA can offer tangible savings to the business is through upgraded system operability. According to the recent industry study, the mean cost of IT downtime is approximately $5600 per minute. Due to changes in how businesses run, experts estimate that on the low end, downtime can charge $140k per hour and at the high end, it can increase to more than $540k per hour. Irrespective of which end of the band a business falls on, system downtime can be, without question, downright disastrous. Step in IT process automation and quickly there is a set of robots checking the infrastructure 24*7. Moreover, AI can find problems that could take weeks, days or longer for individuals to spot. When events can be found quickly and the platform itself can find and resolve those problems, downtime can be significantly reduced and, in many instances, prevented altogether.
One of the biggest challenges for the organizational leaders is the ebb and flow of the business. With the sudden changes in the market demands, scaling up can be a costly affair. In addition, there can be situations where finances are lean during economic recessions and working at a limited budget can be incredibly problematic. By deploying intelligent process automation both these issues can be resolved by enabling businesses to scale up or down as per the requirement. Workload can be met seamlessly due to software robots. It’s very important for every business leader to understand the importance of agility.
Money and Time Saving
When a good part of company processes is moved from human to machine, the process works far more competently. Work is done more accurately and faster, which translates to higher service levels and better productivity. Fewer man-hours results in better savings for the company.
As automation solutions are powered with machine learning and artificial intelligence, it is fundamentally capable of analyzing huge quantities of extracting value and data. Also, AI-enabled automation can then use that data into an actionable intuition that can be applied by professionals to make best decisions. Integrating innovative automation technology with AI & machine learning allows the study of overall enterprise performance. With these analytics, business leaders or owners can more efficiently measure and implement the precise approaches to get improved performance to achieve long-term goals.