The Automation Anywhere and Futurum Research survey included a thousand companies across eight countries and published results that indicate firms are looking to focus more on automation. They believe intelligent automation is already the best option to understand current business challenges, come up with a solution, and successfully implement them to stabilize their businesses.
The key to business transformation has always been any business’ capability to be smart when it comes to keeping up with emerging trends and changing its approach toward meeting consumer demands. If you have been paying attention, the next big thing every industry and every global leader is looking toward is automation. From your keyboard guessing your next word to robots replacing the human workforce, allowing them to perform less manual and more intelligent jobs, automation has been observed to be inherently futuristic and increase efficiency consistently.
Other than playing an important role in operations, automation has benefited those who invested in it. The survey hinted that those who integrated automation into their businesses had been more than looking forward to investing more and automating more of their processes across varied business factions.
The following table is an excerpt from the survey:
|77 %||Return on Investment (ROI) on automation is more than 6.3 times|
|94 %||Offered solutions on supply chain|
|61 %||Helped address staff shortages|
|70 %||Believe that more than 30% of their work/processes can be automated|
Source: Automation Anywhere
The pandemic pushed the global markets into volatility, and the uncertainty resulting from tensions has been a topic of worry for most companies. The survey results, however, are rightfully optimistic about companies who have understood the challenge and the need to transform their existing operations to serve their customers better and increase their productivity. The most common reasons companies in India are leaning toward automation are cost-effectiveness, saving time by assigning manual and repetitive tasks to machines, and the reliability of automation.
The survey also shares the thoughts of the leaders of the companies where most of them agree that the hope for sustenance in the rapidly changing work and business environment is the ability of a company’s employees to be able to automate their day-to-day responsibilities. If one employee could reduce their manual work time even by 30 minutes, that is a massive shift from the existing norm and it indicates a positive path to what the future holds.
The prospects that can be interpreted from the survey results are that the one big thing to look forward to is cloud-based automation. The survey implies that global and Indian companies have prioritized cloud-based automation over automation on-premises as they believe cloud-based automation is more agile, flexible, and, most importantly, it is quick to respond to changes and demands. Most of the surveyed companies shared that most of their future initiatives have been based on a cloud-first approach.