TRANSFORMING AUTOMATION IN 2023

UiPath, a leading enterprise automation software company has announced that the rise of the digital workforce and the digital skills rollout will be among the seven big trends that will reshape how India works from 2023.

Automation is becoming an integral component in the digital transformation journey of every Indian organization. According to the UiPath-commissioned IDC APJ Automation Survey 2022, 84 percent of Indian organizations will scale up their robotic process automation (RPA) initiatives or achieve an enterprise-wide RPA deployment by 2025.

Indian brands of the future have to harness the power of automation to become nimble and stay ahead of the competition. In automating tasks to make processes more efficient, the workforce can operate with greater speed and accuracy, which can have a significantly positive impact on an organization's employee retention rate and help in saving costs. As the need for productivity and efficiency increases, automation can empower workers in India to take on more complex tasks and create a dynamic world
in which people and robots work together.

Trend 1: Automation becomes the enterprise’s new way of operating and innovating

The C-suite has come to understand and embrace the true potential of automation in driving business transformation and value. Enterprise-wide automation introduces 40 percent greater productivity and efficiency improvements over piecemeal automation alone.

By elevating automation, they are elevating its impact which leads to a better experience for both customers and employees and results in more value and more revenue. Based on the IDC APJ Automation Survey 2022 commissioned by UiPath, 88 percent of Indian organizations agree that automation will be a critical requirement for business excellence, customer experience, and competitive success in the next three years.

Trend 2: Businesses ramp up automation to counteract growing labor and inflation pressure

From driving down costs to attracting and retaining top talent, automation helps execs tackle tough financial challenges. According to another UiPath study, 85 percent believe automation can help reduce turnover and attract new workers. Automation can help on multiple fronts; by expanding automation efforts, organizations can enhance the productivity of the workers, while creating a more attractive work environment to land (and keep) top talent. In the coming years, execs are realizing the best way to beat inflation is to outwork it. Seventy-eight percent plan to further invest in automation to fill staffing gaps. In both cases, automation can help teams do more with the same resources. According to the report, in India, 82 percent of employees would like improvement in operational efficiencies and streamlined processes.

Trend 3: Digital CIOs step up their role and automation to meet new goals

CIOs are building a new digitally focused foundation for growth across the enterprise, and automation is key to their plans. As per the Global Study of CIOs, August 2022, 90 percent of CIOs say their role has expanded into new areas like analytics, ESG, talent acquisition, and sales and marketing. Cybersecurity, cloud, data, AI—these are the key areas they have been investing in to bring those benefits to light. Now, CIOs are discovering that automation is the new core tool in their arsenal—not only offering its own benefits but also improving those other tools in their own right. In fact, according to a report by Foundry, 54 percent of CIOs are automating business and IT processes to drive revenue.

Trend 4: Process mining and automated testing become ‘must-haves’ in driving best-in-class, enterprise-wide automation

Today, new automated discovery tools like process mining and task mining apply advanced AI to system logs and users’ work patterns, identifying bottlenecks, inefficiencies, and opportunities to improve across entire systems, workflows, and departments. As per CIO’s 21^st Annual State of the CIO survey, 82 percent of execs believe process mining drives better automation outcomes. This key data can then be used to create new or more valuable processes even before you automate them.

Trend 5: Low-code becomes a top priority for getting automation and AI into more people’s hands

The good news is today’s automation platforms offer unique low- or no-code capabilities— that is, the ability to work with simple drag-and-drop visual interfaces, rather than complex programming. According to an IDC report published in September 2022, 29 percent more processes become automated when companies introduce citizen development programs. Now, users at all levels can quickly and easily create more of the unique automation, data models, and apps they need.

Trend 6: New AI-powered innovations push automation’s boundaries even further

Advanced Communications Mining can extract the unstructured content contained within various messages—emails, calls, chats, and service tickets—and transform it into workable data used to train Natural Language Processing (NLP) models. As per the Precedence Research report in 2022, a 39 percent CAGR for Natural Language Processing has been predicted through 2030. Common questions and requests will be handled automatically, and detailed customer insights will be gathered along the way. 

Trend 7: Rounding out digital skills becomes the next hot issue for HR and IT leadership

Organizations will need to develop a comprehensive training and development plan focusing on reskilling and upskilling across teams and units, which only 46 percent of Indian organizations are currently doing according to the IDC APJ Automation Survey 2022.022. Additionally, as more organizations integrate automation in the work of non-IT domain employees, Indian respondents highlighted that collaboration with IT (54%), approval from senior leadership (20%), and clear guidance on best practices (14%), are the key requirements for successful implementations. Every team member will need fresh digital-centered skills at their disposal.

Scott Hunter VP, Strategic Engagements and Transformation Lead, APJ UiPath

Source: Magic Wand Media

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