As you navigate the next phase of the crisis, you can harness intelligent automation to radically revise your cost structures.
Businesses are automating to survive the
pandemic and thrive in a post-crisis world
Even as organisations in Australia and beyond rebound back to life after the first phase of the pandemic, many remain under financial pressure – and the impetus to cut costs is huge.
According to the Australian Bureau of Statistics, 38% of Australian businesses reported a decrease in revenue during September 2020.
For this and many other reasons, automation adoption has grown faster this year than many of us could have predicted.
Globally, according to a Forrester Consulting/UiPath survey, there was more digital transformation in the first six months of 2020 than in the preceding five years.
In Australia, 78% of business decision makers believe automation plays an essential role in building competitive advantage. And among those that have already embraced automation, 91% have plans to extend automation further across their enterprises.
Cut costs quickly
Robotic process automation (RPA) is a great technology choice for companies looking to save money fast. UiPath reports that RPA can shrink processing costs by up to 80%. And within a year, most organisations experience a positive return on their RPA investment.
Automation provides many other benefits as well. These all work together to deliver cost savings and create more value for employees, customers and investors over time. We have touched on some of these below.
Time to value is also critical
Modern automation approaches – like RPA, low-code DPA and chatbots – offer exceptional time to value. Using these technologies, you can design, deploy and update business automation solutions in a fragment of the time it takes with more traditional software programming.
The result? You realise cost savings faster.
Quick wins and next steps
While many companies want to automate to cut costs, manage disruption and keep pace with change, some are unsure where to begin their automation journeys.
At rapidMATION, we often recommend starting with a Proof of Value (PoV) project. Our 10-day PoV Pack gives you an opportunity to see what automation can do for your business, without having to commit to any software purchase upfront. We encourage you to experiment and explore, so you have the insights to build a solid business case for your automation investment.
The sooner you begin exploring automation’s potential, the faster you’ll be able to deliver value to your business. And once you have successfully used automation to solve the quick fixes, we can help you extend automation through your organisation.
Lastly, don’t forget the power of the human factor!
Ready to give intelligent automation a go?
Let’s talk about your options.
It is not IF you will Hyperautomate
But WHEN you will Hyperautomate