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Automate Smarter: November 2022
It’s that time of year again. Technology companies and analysts are busy looking into their crystal balls and publishing their intelligent automation 2023 predictions for the market. With the global economy facing continuing headwinds, organizations need to plan strategically and are focused on building operational resiliency.
For leaders looking to validate their thinking about their intelligent automation journey and how to scale programs, we’ve pulled the top predictions into one easy round-up to help you benchmark programs and drive strategic planning for the year ahead.
Business leaders and technologists can leverage Gartner’s Top 10 Strategic Technology Trends for 2023 to assess the potential impact of emerging technologies on specific strategies. These trends include growing revenue, accelerating digital, maximizing value from data, or protecting and building your brand. These trends could represent a risk or opportunity for organizations. The list will help leaders create a technology roadmap to drive impact on a range of strategic ambitions. Three trends touch on IA and focus on optimizing systems for more excellent reliability, improved data-driven decision-making, and maintaining the value and integrity of artificial intelligence (AI) systems in production.
The strategic technology trends will help fulfill an organization’s needs to optimize, scale or pioneer. The trends allow leaders to align technology innovation with the future strategic objectives of the enterprise.
Despite the significant benefits of automation that have been proven over the past several years, Forrester’s Predictions 2023 expects a slight dampening of automation velocity. Economic uncertainty drives a more rational approach that taps the breaks on transformation to focus on core business drivers such as resilience and efficiency. Efforts will pay off for those with the grit to adjust to 2023 realities but also double down on automation to reap a competitive advantage. Among the key predictions for the coming year:
At this point, automation should no longer be a question of whether it’s appropriate for your organization. Automation has been shown to deliver “Day 1 Impact” and “Year 1 Payback.” Today’s real question is how to move automation forward and fully utilize the technology. As an industry leader, UiPath’s Automation Trends 2023 offers a unique perspective on the market, technology, and users. They have distilled insights from their team, customers, and partners into seven key trends shaping automation today and tomorrow.
Trend 1: Automation becomes the enterprise’s new way of operating and innovating.
Trend 2: Businesses ramp up automation to counteract growing labor and inflation pressure.
Trend 3: Digital CIOs step up their role—and step up automation to meet new goals.
Trend 4: Process mining and automated testing become “must-haves” in driving best-in-class, enterprise-wide automation.
Trend 5: Low-code becomes a top priority for getting automation and AI in more people’s hands.
Trend 6: New AI-powered innovations push automation’s boundaries even further.
Trend 7: Rounding out digital skills becomes the next hot issue for HR and IT leadership.
In making enterprise-wide automation a strategic priority, the executive leadership sets the stage to get the most out of the technology. Holistic automation matters. Complete, enterprise-wide automation introduces 40% greater productivity and efficiency improvements over piecemeal automation alone.
The global state of automation is good, and the future looks bright. The third edition of Automation Anywhere’s Now & Next Report provides insights unavailable from any other data set. It is tightly focused on intelligent automation and how businesses embrace—and succeed—in the Automation Economy.
Given the current economic environment, companies are shifting from productivity improvement and employee experience to reduced operating costs and enhanced business continuity as critical drivers for automation deployment. Among the nuggets in the report to help assess the state of your automation program:
As companies strive to create scalable, sustainable, intelligent automation solutions, they rely on a diverse technology mix to shift from delivering tactical to strategic workflow automation. Market insights can help companies benchmark their programs to peer organizations and complement strategic planning.
If you want to learn more about how IA enables you to win in the market and delivers operational excellence to the enterprise, let’s talk.