Hyperautomation is the new buzzword in the contemporary business world. What is hyperautomation, and why is it on buzz? How did hyperautomation come into existence? Well, the response to these questions is detailed in this blog. Are you waiting to adopt this new technique in your business? Get started with your transformation journey with hyperautomation. Also, discover the journey of hyperautomation and how it leverages the process efficiency of various industries such as healthcare, insurance, banking & finance, and oil & gas.
Hyperautomation is an advanced version of automation that combines technologies like Robotic Process Automation (RPA) with technologies like Artificial Intelligence (AI), Machine Learning (ML), Process Mining, and Analytics. to automate complex business processes. It evolved from basic automation, where rules-based processes are automated, to advanced automation, which includes workflow automation. Hyperautomation boosts operational efficiencies and optimizes business processes. Hyperautomation involves technologies like no code/low code applications, an Integration platform as a service (Ipaas), and decision management. Hyperautomation helps in Data collection/generation through digitization.
“Hyperautomation is a business-driven, disciplined approach that organizations use to rapidly identify, vet, and automate as many business and IT processes as possible.”
|Use of technology to automate repetitive and rules-based tasks||An advanced form of automation combining multiple technologies to automate complex business processes end-to-end and improve decision-making|
|Primarily software-based||Combines multiple technologies, including AI, ML, RPA, process mining, and analytics|
|Automates repetitive tasks||Automates complex business processes end-to-end|
|Data entry, file transfers, report generation, etc.||End-to-end business processes that require judgment and problem-solving, as well as rules-based processes|
|Reduce errors, improve efficiency, save time||Improve decision-making, streamline process, enhance operational efficiency, and reduce operational costs|
Healthcare, one of the significant industries, focuses more on patient experience and satisfaction. To take care of their concern, manual work is not applicable in all processes. Patient services, regulatory compliance, and healthcare insurance are a few areas that require repetitive work and effort, and hyperautomation can be the solution to such mundane work. Digitizing patient records, documents, and patient registration become facile with Intelligent Document Processing which is a part of hyperautomation.
Oil & gas has been one of the leading industries in recent years, and with hyperautomation, bots can improve business processes. Processes such as data entry, power management, data analytics, and audit trails can become less complicated with this advanced technology. Drive your business with operational excellence through hyperautomation.
The Banking & Finance industry must improve efficiency to provide the best services. With hyperautomation, Back-office operations, compliance, revenue management, and customer experience can be improvised. Tools like UiPath Document understanding (for IDP) help to extract data and maintain the KYC (Know Your Customer). Chatbots are implemented to improve the customer experience for faster and more efficient communication.
In recent times, the insurance industry has started entering digital transformation. Underwriting, claims process, data segregation, and policy pricing are time-consuming and repetitive. Manual works lead to error, and hyperautomation improves the issues of time, money, and data. Our Contact Center Intelligence product enhances customer engagement using automation, conversational AI, and Intelligent Document Processing.
Hyperautomation is an amalgamation of advanced technologies to enhance the productivity of businesses. In promising technologies, hyperautomation would become inevitable in the business world. Haven’t decided to adopt, take your best move with hyperautomation. Transform wisely by choosing the right processes to be automated. Ennuviz provides you best services with UiPath hyperautomation in molding your transformation journey. Connect with our experts to start your transformation journey.