The 4 Phases of Business Process Automation (BPA)
Posted: Sat Dec 21, 2024 3:53 am
Business process automation (BPA) has infiltrated nearly every industry as innovative technologies, combined with unprecedented operational challenges, continue to reshape the workplace. The intelligent process automation market is expected to reach $51.35 billion by 2032. $51.35 billion by 2032 – reflecting the growing demand for efficient, streamlined, and agile business processes. From small businesses to global enterprises, the benefits of BPA are clear: increased efficiency, reduced costs, improved accuracy, and enhanced decision-making capabilities.
What is Business Process Automation?
In simple terms, it’s the use of technology to automate engineering email list recurring tasks and workflows within a business. These can be simple tasks like data entry, complex processes like supply chain management, or even entire functions. By automating these tasks, businesses can not only free up valuable time and resources, but also reduce human error and improve overall productivity.
Read our full blog to learn everything about business process automation.
Impact of business process automation?
According to a McKinsey 2022 survey, automated systems will account for 25% of capital expenditures over the next five years, according to the results of McKinsey's 2022 Global Industrial Robotics Survey. Industrial company executives expect benefits in terms of production quality, efficiency and uptime.
To be sure, the era of automation is already well underway in most organizations. According to a recent McKinsey global survey of business leaders across a wide range of industries, about 23% of automation spending is expected to come from retail and consumer goods. Food and beverage, like retail, is expected to account for 15%, while automotive is expected to account for an average of 8%.
What is Business Process Automation?
In simple terms, it’s the use of technology to automate engineering email list recurring tasks and workflows within a business. These can be simple tasks like data entry, complex processes like supply chain management, or even entire functions. By automating these tasks, businesses can not only free up valuable time and resources, but also reduce human error and improve overall productivity.
Read our full blog to learn everything about business process automation.
Impact of business process automation?
According to a McKinsey 2022 survey, automated systems will account for 25% of capital expenditures over the next five years, according to the results of McKinsey's 2022 Global Industrial Robotics Survey. Industrial company executives expect benefits in terms of production quality, efficiency and uptime.
To be sure, the era of automation is already well underway in most organizations. According to a recent McKinsey global survey of business leaders across a wide range of industries, about 23% of automation spending is expected to come from retail and consumer goods. Food and beverage, like retail, is expected to account for 15%, while automotive is expected to account for an average of 8%.