Every year, Gartner releases its top strategic technology trends. Below are all the trends on their list for 20221:
1. Data Fabric
2. Cybersecurity Mesh
3. Privacy-Enhancing Computation
4. Cloud-Native Platforms
5. Composable Applications
6. Decision Intelligence
8. AI Engineering
9. Distributed Enterprises
10. Total Experience
11. Autonomic Systems
12. Generative AI
Interestingly, “Hyperautomation” is again listed in their top strategic technology trends for 2022. In this blog, we will discuss why businesses should take hyperautomation into account in their digital transformation strategy.
Gartner: Trend 7 Hyperautomation
“Increased focuses on growth, digitalization and operational excellence have highlighted a need for better, more widespread automation. Hyperautomation is a business-driven approach to identify, vet and automate as many business and IT processes as possible. It requires the orchestrated use of multiple technologies tools and platforms, including RPA, low-code platforms, and process mining tools.
How It’s Used Today: A global oil and gas company has 14 concurrent hyperautomation initiatives. These initiatives include targeted task automation, industrializing over 90 different areas including intelligent document processing, and automation of geoscience and offshore oil drilling operations. Decisions on what to automate are made strategically and are premised on targeted business outcomes for either quality, time to market, business agility or innovation for new business models.
By 2024, diffuse hyperautomation spending will drive up the total cost of ownership 40-fold, making adaptive governance a differentiating factor in corporate performance.”
Why is Hyperautomation worth the attention?
Automation is a necessary component of digital transformation. As a result, the RPA market is projected to grow rapidly over the next decade2.
While RPA is widely used, Gartner suggests that the next step is to fully integrate RPA with AI and machine learning tools to achieve hyperautomation and reduce the need for human intervention. Discovering, mapping, making compliant and auditable, then automating and measuring the success of business processes is what intelligent automation is all about. Humans designed it, but it is done automatically with human supervision. This allows humans to develop their existing and new skills further, pursue new career opportunities, experiment with new ideas, and benefit from a new way of working.
The next step for end-to-end automation
Hyperautomation is frequently mentioned as the next step beyond traditional automation. The market for hyperautomation is expected to reach $46.4 billion by 2031, rising at a CAGR of 21.7 percent between 2021 and 2031.3
Seeing the bright future of hyperautomation, Be Informed specializes in assisting organizations in implementing technological solutions that propel their operations to new heights. Our team of professionals can assist you, if you want to implement hyperautomation into your current business procedures. Contact us today for a thorough examination of your organization’s development automation requirements.
Learn more about our hyperautomation solution here.
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