LOUISVILLE, KENTUCKY
ATLANTA, GEORGIA
CHICAGO, ILLINOIS
CINCINNATI, OHIO
DENVER, COLORADO
MADISON, WISCONSIN
RARITAN, NEW JERSEY
TORONTO, ONTARIO
BANGALORE, INDIA
HYDERABAD, INDIA

V-Soft's Corporate Headquarters

101 Bullitt Lane, Suite #205
Louisville, KY 40222

502.425.8425
TOLL FREE: 844.425.8425
FAX: 502.412.5869

Denver, Colorado

6400 South Fiddlers Green Circle Suite #1150
Greenwood Village, CO 80111

TOLL FREE: 844.425.8425

Chicago, Illinois

311 South Wacker Dr. Suite #1710, Chicago, IL 60606

TOLL FREE: 844.425.8425

Madison, Wisconsin

8401 Greenway Boulevard Suite #100
Middleton, WI 53562

TOLL FREE: 844.425.8425

Atlanta, Georgia

1255 Peachtree Parkway Suite #4201
Cumming, GA 30041

TOLL FREE: 844.425.8425

Cincinnati, Ohio

Spectrum Office Tower 11260
Chester Road Suite 350
Cincinnati, OH 45246

Phone: 513.771.0050

Raritan, New Jersey

216 Route 206 Suite 22 Hillsborough Raritan, NJ 08844

Phone: 513.771.0050

Toronto, Canada

1 St. Clair Ave W Suite #902, Toronto, Ontario, M4V 1K6

Phone: 416.663.0900

Hyderabad, India

Incor 9, 3rd Floor, Kavuri Hills
Madhapur, Hyderabad – 500033 India

PHONE: 040-48482789

Bangalore, India

GINSERV, CA Site No 1, HAL
3rd Stage Behind Hotel Leela Palace
Kodihalli, Bangalore - 560008 India

The Transformative Role of Hyperautomation Across Industries

What is hyperautomation

Hyperautomation is gaining widespread acceptance in the business community since Gartner coined it in its Top Strategic Technology Trends for 2021 report. As a digital transformation and automation initiative, this approach seeks to automate everything that can be automated. Hyperautomation takes automation to the next level by bringing together various digital transformation technologies including AI, ML, NLP, and Process Mining to automate and streamline processes to increase efficiency and cut down costs. Here we discuss hyperautomation use cases in different industries.

According to Gartner, “the worldwide market for technology that enables hyperautomation will reach $596.6 billion in 2022.” 

Hyperautomation Use Cases 

Technologies such as Robotic Process Automation (RPA), Artificial Intelligence (AI) and Low Code Application Platforms (LCAP) which are often part of hyperautomation initiatives, are considered process-agnostic as they can be implemented across sectors and used in various business use cases. 

Banking and Finance 

Banks, financial services, and the insurance sector deal with large amounts of data and have numerous processes which have traditionally required lots of resources and time to manage effectively. Apart from their core operations, these services also must run regulatory compliances, back-office operations, sales and marketing operations, enterprise support and fraud detection among others. Most of these operations, including 24/7 customer support, needs to be functional and online 24/7. Hyperautomation streamlines these tasks and makes them faster, smarter with less room for error. With AI and RPA, fraudulent activities can be prevented through continuous monitoring.  

Healthcare 

The Healthcare industry faces many challenges from patient care, staff scheduling and consultations to billing, and settlements. Healthcare organizations also collect sensitive data in the form of patient data which when properly collated can be immensely helpful in providing the right treatment plans to patients. Hyperautomation can benefit the healthcare industry as it seeks to seamlessly automate all these processes intelligently improving efficiency, reducing cost, and freeing up staff to provide better care to patients. Hyperautomation can also help in inventory management, drug procurement and management of resources. The healthcare industry also happens to be one of the most regulated industries and hyperautomation can ensure that rules are being complied with.    

Construction 

Construction sites have hundreds of workers operating in hazardous environments with their safety being ensured largely by their own adherence to safety rules and inspections. Faulty machinery can pose further safety risks to workers as well as financial impacts to businesses. With cutting-edge hyperautomation technologies, construction businesses can transform the way they work, ensuring the safety of workers as well as increase speed and reduce errors.  

Retail and E-commerce 

Retail and E-commerce is a thriving industry with both front-end and a back-end challenges that can solved with hyperautomation initiatives. Hyperautomation tools such as RPA can automate backend processes such as billing, inventory management, procurement, and shipping. For front-end processes, AI components of hyperautomation can create precise marketing campaigns including targeted emails, social media ads and loyalty programs. Ai can further help analyze customer data, customer feedback and competitive pricing to increase sales and profits.  

Brick-and-mortar stores are also shifting towards digital transformation, partly in response to the competition of E-commerce sites. Hyperautomation can help businesses navigate the challenges of digital transformation by automating various processes such as warehouse and inventory management, order management, payments, supplier management, and data management. Advanced technologies such as facial recognition can provide the customer with custom options and/or loyalty points when they enter the store.  

Conclusion 

Many businesses and organizations are discovering the benefits of hyperautomation and industry leaders predict that increased efficiency, accuracy and lower operational costs will see that hyperautomation gains more adoption in the next few years. 

The Executive’s Guide to RPA Evaluation

Topics: Artificial Intelligence, AI, Hyper Automation

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