Automating business processes and workflows saves money and improves efficiency by freeing up employees to focus on more valuable work. Removing human error from manual data entry enhances data accuracy across the business, leading to higher operational stability, reduced operational costs, and increased productivity.
However, companies cannot achieve these workflow and business process gains without a significant investment in their data management practices. With Infoverity as a data management partner, organizations can strategically implement integrated automation advancements that foster buy-in from staff and produce lasting results.
Automation improves employees’ lives. They’re no longer forced to complete repetitive manual tasks. But employees may resist change due to worries of becoming redundant or due to a lack of knowledge. Data management strategies ensure employee buy-in by explaining automation to workers and illustrating how it will enhance their work.
Knowing what to automate is as important as being willing to automate processes. Companies fail at automation when they lack an integrated strategy to identify processes that can be simplified and improved through automation. Data management supports businesses in determining which processes to automate in which order.
While automating processes can lead to significant savings in the long-term, the upfront implementation costs can lead companies to avoid adopting solutions. Data management strategies can offer ROI analyses that will prove the value of automation and how to achieve productivity and profitability gains.
According to Deloitte, organizations that adopt intelligent automation can expect to achieve an average cost reduction of 31% in the areas targeted over the next three years.
Based on the Intelligent Process Automation Global Market Report 2023, worldwide investments in process automation are growing. The global intelligent process automation market is expected to grow from $12.59 billion in 2022 to $14.46 billion in 2023 and reach $24.67 billion in 2027 at a CAGR of 14.3%.
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