The automation process was initially about increasing output and reducing labor costs. The post-pandemic boom has significantly accelerated digital adoption as businesses look for newer strategies to deal with market uncertainties such as supply chain disruptions and labor shortages. The top business process automation trends for 2023 indicate that business process automation is shifting towards intelligent automation. This unlocks more business benefits.
Trending in business process automation
We live in the digital age where information is everywhere, and everyone wants to make the most of every opportunity. The information age has seen a paradigm shift that allows enterprises to use advanced technologies to efficiently process the information they hold. Data-driven companies have begun automating complex tasks that were difficult to perform with the advent of enterprise resource planning systems (ERP) in the 1960s. BPA is a strategy that allows companies to use technology to organize their systems and personnel through workflows. Business process automation tools allow companies to automate, integrate and execute their processes. Because it preserves the computing architecture, it unifies processes with transparency. It integrates business functions that should be logically more connected and spreads them across the company.
AI and ML allow IoT devices to be connected for tedious, day-to-day tasks. They make it possible to analyze and automate IoT systems. This technology can be seen in fitness watches, smartphones, and other wearables.
The global predictive maintenance market was valued at $5.66 billion in 2021. According to Next Move Strategy Consulting, it is expected to reach $64.25 Billion in 2030.
Predictive maintenance is an application of the Industrial Internet of Things. In 2026, 60% of IoT-enabled predictive maintenance solutions will be included in enterprise asset management products. This is an increase from 15% in 2021.
Future trends expected in business process automation
The growth story of business process automation is set to continue as we move into 2023. To improve profitability and efficiency in critical areas of their business, organizations will be more focused and inclined to implement business process automation solutions. Like all years before following the preceding years, 2023 will set a new trend for business process management and automation trend. We have identified some of the most anticipated business process automation trends in BPA implementation for the coming year.
- Low-code development allows businesses to build and automate applications using little to no coding knowledge. This visual language can be used to create great applications for your business. It's only going to get more popular. Gartner predicts that low-code platforms will account for 65% of all app development functions by 2024. Low-code is a way for you and your employees to quickly create rich apps that allow you to work with IT departments more effectively at lower costs.
- According to 2019 research, more than half of Europe's leading manufacturers have already implemented at least one AI use case in their manufacturing operations. By 2030, the artificial intelligence market will reach $78,744 million.
- Predictive maintenance is an application of the Industrial Internet of Things. In 2026, 60% of IoT-enabled predictive maintenance solutions will be included in enterprise asset management products. This is an increase from 15% in 2021.
- Robotic process automation bots can replace manual work. They can manage almost all business processes that humans can. Plus, they're user-friendly. It's as easy as flipping a switch and snapping a picture to set up an RPA Bot. They can be used for copying and pasting, connecting APIs, or scraping data. It is also possible to schedule, share and clone any data. RPA bots can seamlessly integrate with your existing workflow so that you don't need to create or modify a completely new system.
Different tools, such as Robotic Process Automation (RPA) and Digital Process Automation (DPA), will soon be integrated to enhance the power of business process automation platforms. AI-powered BPA solutions can revolutionize automation and transform digital workflows. It will speed up delivery times and enable organizations to do more with what they have.
Business process automation will remain a key focus for growing companies.
Every year, new trends emerge that influence the way companies operate. For business process automation, 2023 promises to be an important year. Automating processes will become necessary for business growth and will be regarded as good. Business process automation software can help organizations overcome many of the most demanding business challenges and boost productivity. It also increases employee satisfaction as they will get a chance to move from menial, repetitive tasks to more meaningful and intellectually fulfilling jobs. Well, that's the aim, notwithstanding the Luddites.
Advaiya's intelligent BPA solutions have been helping organizations improve process efficiency, enhance customer experiences, optimize operations and increase workforce productivity. They also help to reduce costs and risks.
To discuss your process challenges, contact us!
Ankit Panchal
Ankit Panchal is a Consultant in the Biz App Development team at Advaiya. He is an expert on business process automation. He is Microsoft Certified professional keen on building solutions using Power platform, Office 365 and SharePoint and has over 5 years of experience in IT and various Microsoft technologies.
Posted by Advaiya
AI and Automationautomation solutionsBusiness automationbusiness automation toolsBusiness process automationBusiness process automation solutionsbusiness process management
