Hyperautomation has consistently been recognized as one of Gartner’s Top 10 Strategic Technology Trends since 2020. Its immense value to businesses is undeniable, and it’s time to demystify its importance.
Many organizations struggle with fragmented technology landscapes that lack optimization and connectivity. Leaders need to respond to the accelerating pace of digital business by integrating technologies that prioritize business agility.
In this blog, we will dive deeper into this topic and present you with some solutions to begin your business’ hyperautomation journey.
Let’s get started!
What is Hyperautomation?
Hyperautomation is the act of using multiple automation technologies to automate as many processes as possible, resulting in increased efficiency and productivity. Its ultimate objective is to minimize reliance on human labor, simplifying and improving our lives.
Unlike traditional automation, hyperautomation utilizes advanced technologies, such as Artificial Intelligence (AI) and Machine Learning (ML) to analyze data, identify patterns, and make informed decisions. It’s a comprehensive approach that goes beyond a single technology solution or vendor.
How Does Hyperautomation Work?
Imagine a person working on a complex task that involves reading and processing a large volume of documents. In this analogy, Intelligent Document Processing (IDP) represents the brain, Low/No-Code development acts as the guide, and Robotic Process Automation (RPA) represents muscle power. Integration Platform as a Service (iPaaS) serves as the nervous system facilitating communication between these components.
Here is how these hyperautomation components work:
- IDP provides the intelligence required for document processing: it converts unstructured data into structured formats, analyzing documents, extracting valuable information, and identifying relevant data points.
- Low/No-Code enhances this cognitive capability by allowing the person to provide specific instructions and logic for efficient document processing.
- RPA executes the physical actions based on the information provided by IDP: it uses bots to automate repetitive and rule-based tasks, such as data entry and calculations, logging into systems, copying and pasting data, filling out forms and more.
- iPaaS ensures effective communication and coordination between the brain (IDP), the guide (Low/No-Code), and the muscles (RPA), creating a cohesive and dynamic hyperautomation framework.
Together, these hyperautomation tools empower individuals to streamline intricate tasks by combining intelligence, guided instructions, and efficient execution.
Benefits of Hyperautomation
Hyperautomation optimizes manual tasks as well as more complex, decision-based processes. This saves time and makes it more fun for employees, as they are relieved from the burden of repetitive tasks and can focus on more fulfilling work. An improved work environment and employee engagement drive higher productivity, resulting in increased conversion rates for your business.
Here are some of the most important benefits of hyperautomation:
Increased Efficiency
It automates manual tasks, reducing the time and effort required to complete them. Additionally, this Deloitte study indicates a 11% increase in revenue after three years of implementing hyperautomation.
Cost Reduction
By eliminating human errors and optimizing resource allocation, Gartner expects that by 2024, organizations will lower operational costs by 30% with hyperautomation.
Improved Decision-Making
Advanced analytics integrated into hyperautomation systems provide valuable insights, empowering better decision-making within the organization.
Scalability
Without the need for significant increases in staffing, hyperautomation enables businesses to handle larger workloads ensuring scalability as the organization grows.
Improved accuracy
By automating repetitive and rule-based tasks, hyperautomation reduces the reliance on manual intervention, which in turn reduces the likelihood of human errors.
The benefit of hyperautomation lies in the fact that you don’t have to pick and choose a single technology. Instead, you can combine the power of multiple tools to achieve unparalleled efficiency and productivity.
Hyperautomation Use Cases
Because of its range of tools and technologies, hyperautomation has benefits for every industry, such as Banking and Finance, Retail, Insurance, and more. It enables you to stay agile, competitive, and efficient in the face of evolving market demands and technological advancements. Here are some real world examples of hyperautomation:
Financial Processes
Automation can be applied to various financial processes, including invoicing, expense management, and financial reporting. This can improve accuracy, reduce fraud, and enhance financial transparency.
Customer Relationship Management (CRM)
Automation can be applied to various aspects of customer interactions for better engagement and satisfaction, such as lead qualification, customer support, and personalized marketing campaigns.
Supply Chain Management
Hyperautomation can optimize the supply chain by automating inventory management, order management, and demand forecasting, leading to reduced costs and improved responsiveness to market changes.
Employee Onboarding and Offboarding
Streamlining the process of bringing new employees into an organization and managing their access to systems, as well as automating the offboarding process when employees leave, can save time and reduce the risk of errors.
Embarking on your hyperautomation journey can seem daunting, but with the right tools and guidance, your business can unlock a world of efficiency and productivity. Choosing the right platform is crucial in laying the foundation for your automation initiatives. At Klippa, we understand the importance of selecting the best-in-class solutions tailored to your business needs.
Start Your Hyperautomation Journey Now
We specialize in Intelligent Document Processing and Optical Character Recognition (OCR). Our low-code DocHorizon Platform has a user-friendly drag-and-drop interface, where you can create custom document pipelines effortlessly, whether building models from scratch or leveraging our expanding model library. You can fully automate your workflow or employ human-in-the-loop automation for almost 100% accuracy.
Forget the hassle of connecting multiple APIs – seamlessly integrate within one platform. With Klippa, you can seamlessly extract valuable information from documents, converting unstructured data into actionable insights.
You can also use our solution with key automation players through our API or ready-made connectors. We’ve partnered with leading RPA, Low/No-Code and integration platform providers, empowering you to connect various applications and automate complex workflows:
RPA
Low-Code and No-Code
iPaaS
So why wait? Start your hyperautomation journey today with Klippa and our trusted partners. Together, we can help you harness the full potential of automation and drive tangible business outcomes.
Contact us below to learn more about how Klippa DocHorizon can revolutionize your document processing workflows and propel your business into the future of hyperautomation.