How modern ERP helps in Hyperautomation
During the Covid Pandemic, we noticed a surge in automation adoption with main objective to make all touch points contact-less to ensure safety as much as it can be. During this time, we have witnessed sudden changes in the old ways of working. We were introduced to different technology trends and many buzzwords. One of these was Hyperautomation.
Hyperautomation, a trend that started in 2020 and is still going strong in 2021. The term coined by Gartner, uses advanced technologies like AI, ML, RPA etc. to scale up the automation of businesses.
Let’s try to understand this term and discover it’s benefits.
What is hyperautomation in simple terms?
Simply put, the goal of hyperautomation is to automate each and every business process that has even little chance to be automated.
By implementing hyper-automation, businesses are able to reduce human involvement and, as a result, eliminate human error.
Moreover hyperautomation not only automates new processes, but also improves previously automated processes, and hence boosts overall business automation. Artificial intelligence (AI), robotic process automation (RPA), and machine learning (ML), among other technologies, are utilized to implement hyperautomation.
Hyperautomation is projected to expand even more in the future. It will make use of new technologies and continue to speed up automation in new ways.
Benefits of hyperautomation
- Boosts Employees Productivity
Hyperautomation, which automates almost all procedures, allows employees to focus on higher-value tasks because they don’t have to waste time doing everything manually.
- Improved forecasting and analytics
Hyperautomation provides superior forecasting and powerful insight to enterprises through the use of AI and machine learning which helps in better decision making. It can, for example, capture customer behaviour and assist in forecasting sales, which helps in further decision-making.
- Boosts speed and accuracy
Hyperautomation, as we know, eliminates human interaction, resulting in increased speed and accuracy.
- Increased team collaboration
Hyperautomation connects and integrates tools and processes. Hyperautomation provides unified communication tools for all of your company’s teams which makes it easy for them to collaborate.
How does modern ERP help in hyperautomation?
Many firms have been using ERP systems to automate their processes.
Modern ERP system makes use new technologies in the business processes like AI and other smart features like Internet of Things to automate business processes
These new modern ERPs have the ability to automate business processes more quickly and efficiently.
Modern ERP use following technologies to implement hyperautomation
AI integration
ERP has greatly benefited from AI. For example, AI has introduced Chatbots to provide real-time conversation and increase customer satisfaction. AI enabled ERP systems reduce the load time, reduce error and smoothen the whole process.
Internet of Things (IoT)
The Internet of Things has the potential to improve data accessibility and accuracy.
For example, Connecting sensors to cars transporting goods allows their real-time location to be tracked and data to be provided into the system.
Cloud ERP
With the help of cloud ERP, users can access ERP on the internet. Information will be available at any time anywhere. Real-time analytics are available with cloud ERP. Cloud ERP receives software updates as soon as they become available.
RPA integration
RPA technology can recognise and automate repetitive tasks in order to speed up day-to-day company processes. This software bot takes over repetitious chores that would otherwise be done by humans.
Business Intelligence
Business intelligence boosts the efficiency of ERP systems. It analyzes and presents data according to user needs. It helps in better decision making by providing powerful insights.
Conclusion
Hyperautomation is rapidly gaining traction. But Implementing hyperautomation is not that easy. A successful implementation necessitates the use of a combination of modern technologies and an experienced team. For a competitive advantage, modern businesses must incorporate hyperautomation into their Digital Transformation strategy. Should you have such need or you want to explore how it can benefit you as an entrepreneur to gain more profits out of your investments, we are just a shout away. Write to us at info@korecent.com
Learn about another buzzword “Anywhere Operations” coined by Gartner.
