Author : Marketing
Marketing
18/Mar/2021

Espire Infolabs is a global technology services company empowering businesses to drive growth with their customer experience and content services including digital content management, customer communication management, and content collaboration combined with integration, cloud, enterprise solutions, analytics, and robotic process automation.


Hyperautomation a Practical Solution for Businesses in 2021 and beyond

The pandemic acted as a catalyst for digital transformation, pushing businesses towards both improving customer experiences and engagements. Businesses are leveraging hyperautomation to automate their business processes to reduce spends and increase their operational efficiencies and speed to market.

Global Hyperautomation market will grow at a CAGR of 19% by 2027 from 2019 to touch and surpass $23.7 billion. - Coherent Market Insights

What is Hyperautomation?

Hyperautomation can be broadly defined as leveraging a combination of automation technologies including RPA, artificial intelligence, machine learning, data analytics, process mining and intelligent business process management (IBPM) towards a deep level digital autonomy & automating end-to-end business processes for integrating functional and process silos, optimizing efficiency, reducing costs, human augmentation and optimal use of resources.

Hyperautomation is driven by the idea to streamline otherwise not so agile and synchronized business processes, for developing the right agility needed to keep pace with the evolving market and to remain competitive.

Businesses by 2023 will be able to run 25% more fully autonomous tasks- Gartner

From Automation to Hyperautomation - The Need

The need to optimize cost, resources and efficiency can be superficially achieved through robotic process automation (RPA) alone, but for securing deep level automation for critical operations, data processes and infrastructure, businesses will require a higher and deeper level of integrations and functionality.


"RPA may provide quick relief as a non-invasive form of integration. However, processes are not always simple, routine, repetitive, and stable. They may be long running and they often involve intelligent automated decision-making and optimization. The real challenge - to scale beyond the initial few low hanging fruits of routine processes - cannot be solved by a single tool or with siloed strategies." - Gartner Report (Moving Beyond RPA to deliver Hyperautomation)


Transforming RPA vision into reality with UiPath Hyperautomation

The task of automating complex systems and processes, hitherto handled by humans, can still not be made possible by one single automation tool, the need is to bring together the different tools and technologies to create a synergy that can help you automate seamlessly, more rapidly and at scale. For this, hyperautomation fits the bill. It takes your automation efforts to an altogether new level and capabilities by adding multiple layers of advance technologies for automating and optimizing business processes by building automation capabilities through AI, machine learning, process mining, data analytics and intelligent business process management with RPA at the core.

Key Business Values of Hyperautomation

  • Powered by AI and ML, Hyperautomation provides agility in today's ever evolving market
  • End-to-end business process automation provides the ability to scale at will and is more flexible, reliable and adaptable to change
  • The noninvasive nature of RPA allows businesses to minimize human efforts
  • With Hyperautomation, leveraging data analytics and access to real-time insights will become a reality, helping businesses identify gaps and discrepancies to make informed decisions and deliver superior customer experience
  • Brands can empower their entire manpower (business and IT) with automation capability with ease
  • Process efficiency, resource optimization and cost reduction associated with hyperautomation will help brands boost their return on investment (ROI)
  • Hyperautomation helps manage the entire automation cycle from start (identification of processes) to finish (measuring ROI)

According to Gartner, customers will be the first to touch more than 20% of all products that will be produced and delivered by 2025

With today's digital landscape moving at a breathtaking pace, digital developments materializing in a matter of days and weeks, hyper automation offers brands the right technology spectrum that can help them become digital ready. It will be the next logical step for every organization’s digital goals who want to gain the first mover advantage with their digital transformation strategy to build an agile, scalable and customer centric enterprise. Without automation and human augmentation, businesses will struggle to compete, keep pace or even survive. The year 2021 will certainly be the turning point in the evolution of RPA industry fueled by Hyperautomation. Early adopters stand the opportunity to be the leaders in the years to come!

Are you still confused about implementing intelligent automation systems? Partnership with industry leaders including UiPath, Kofax, Workfusion places Espire in a right position to help our clients set up a sustainable, scalable, cost-effective IPA environment and help them determine the right business process candidate for implementing IPA as well. For any query, get in touch with us at marketing@espire.com


MORE FROM OUR BLOGS

Enhanced student experience & engagement for a leading Australian University

With a transition to Ellucian Banner version 9, successfully improved student experience. Facilitated faster data migration with superior testing & provided a 360-degree view of student activities on the platform along with efficient management of student data including assignments, grades, attendance etc

Enhanced customer experience across multiple channels for a leading UK Motorcycle Insurance Company

Deployed marketing automation using Sitecore to deliver personalised & contextual customer experiences across multiple touchpoints

Designed a Sharepoint-based web portal for a leading UK-based staffing & recruitment company

Deployed a web-based portal for easy access and management of data with a reusable content repository and improved employee productivity

Developed a responsive website for a Singapore’s Company focused on providing Public Healthcare System

Leveraged Microsoft SharePoint server as their WCMS platform to develop a responsive, SEO optimized and easy to navigate website and improving user experience

Provided end-to-end managed services for a leading Australian University

Espire served as a technology partner to assist in Banner implementation and provide application support, improving student experience and ensuring efficient incident management

Espires top 10 webinars for fy20 21 a win win for us our partners and customers

With FY20-21 in hindsight, in this blog, we share a list of Espire’s top 10 webinars from the past financial year that resulted in win-win for us, our partners and our clients!

Hyperautomation a practical solution for businesses in 2021 and beyond

The task of automating complex systems and processes, hitherto handled by humans, can still not be made possible by one single automation tool, the need is to bring together the different tools and technologies to create a synergy that can help you automate seamlessly, more rapidly and at scale. For this, hyperautomation fits the bill.

Is automation the new normal in the logistics and supply chain management

McKinsey in its report on automation in logistics anticipates that fully automated warehouses with autonomous vehicles patrolling the aisles will become a reality sooner. Logistic sector is poised to witness managers with Augmented Reality (AR) glasses to have complete visibility over the entire scale of operations and fluid co-ordination between human employees and robots for faster, responsive and efficient operations.

Automation now and beyond the new normal shift to intelligent automation

Intelligent automation has arrived as a solution for businesses not just to overcome the present turbulence created by the global pandemic but also to keep them future-ready and crisis proof. The business world is seeing the transformation of Robotic Process Automation into a more responsive, more intelligent and more agile intelligent automation.

Conversational ai an opportunity for brands to come closer to customers in next normal

The COVID-19 pandemic has however put all doubts to rest about the ROI of digital transformation. There has been a drastic increase in AI adoption across sectors - ranging from business operations, to production and employee engagement to collaboration, digital communication to conferences

Subscribe To Our Blog

By clicking on "SUBSCRIBE NOW" you acknowledge having read our Privacy Notice.