The Secret to Unlocking Maximum Return on Efficiency and Cost-Savings

The Secret to Unlocking Maximum Return on Efficiency and Cost-Savings

Artificial intelligence technologies have already begun to change the way we live and work. Yet, still far too many businesses remain caught up in the trap of wasting tremendous amounts of valuable time on routine, repetitive tasks. Automating as many of these mundane tasks and workflows can not only have a massively positive impact on efficiency and productivity, but it can also dramatically improve morale. But it’s not just about adopting these technologies on a case-by-case basis that will reap the greatest rewards. It’s doing so in a way that automates business processed from end-to-end. That’s the real key.   

Why End-to-End?

In order to optimize business operations and gain competitive advantage, IT leaders must focus on integrating intelligent automation into processes at every level. Without this holistic approach, you will inevitably end up with automation silos, which can actually impede progress rather than facilitate it.

Using purchasing as an example, the goal should be to embed automation from supplier selection through invoice payment. Ultimately, you want intelligent technology to become a seamless part of normal daily work, from the start of every task or workflow through completion and beyond. Keep in mind that this may (and very likely will) involve incorporating automation through multiple teams and departments.

One of the biggest problems with dedicated (isolated) automation projects is that the organization misses out on valuable insights along the journey. For instance, automating just a piece of the customer experience process could result in a failure to effectively capture feedback data. Without this information, business leaders cannot fully understand behaviors, buying decisions and reasons for churn. As a result, they miss out on the opportunity to hone and improve their product or service.

The Self-Driving Organization

Many similarities can be drawn between intelligent process automation in the workplace and autonomous vehicles. In particular, artificial intelligence and machine learning technologies have the potential to adapt and either recommend certain actions based on data, or carry out those actions independently, without the need for human intervention. Does this mean people will suddenly stop driving? No – at least not for the foreseeable future.

Likewise, humans will still be needed to oversee the intelligent technologies that are being utilized in the workplace. (This is why we recently posted an article about the importance of reskilling the workforce.) Someone still has to define algorithms, decide what rules should be followed and determine which priorities present the most value.

That being said, there is plenty of opportunity now to start making strategic decisions and laying the foundation for a more autonomous future. A great first step is to help human workers gain a better understanding of the technology, its capabilities and the potential ways intelligent process automation can bring tremendous benefits to their daily lives. Better understanding will foster trust, which will make it much smoother sailing as more and more processes are moved to automation.

At the end of the day, in order to remain profitable in an increasingly digital world, business leaders must take a holistic approach to their automation initiatives, working together across the entire enterprise to incorporate intelligent technologies across the board. Only then will they be able to achieve the highest return on their investment.

Did you know that Ayehu NG integrates with dozens of the top software, platforms and applications to help facilitate seamless automation process across the entire infrastructure? Check out our full integration list here and then download your free trial to take Ayehu for test drive today!