What is hyperautomation, and how can ABBYY technologies help.
Hyperautomation is a top trend on Gartner’s list of Top 10 Strategic Technology Trends for 2022 for good reason. Many organizations today are using this approach to rapidly identify processes suitable for automation and implement technologies such as artificial intelligence (AI), machine learning (ML), natural language processing (NLP), process and task mining, and robotic process automation (RPA) to achieve the next level of enterprise digital transformation.
It’s about extending an enterprise’s capacity for automation beyond individual processes.
Hyperautomation can get you seeing results from digital transformation investments fast.
Hyperautomation enables organizations to connect their people, processes, and data (both structured and unstructured) in a way that delivers valuable business insight. It simplifies process discovery and data analysis, opening the door to discovery of new routes to increased efficiency and better customer experience.
Hyperautomation can reduce or eliminate many of the mundane, routine tasks that employees spend their valuable time on. RPA and AI can completely automate the process of reading, understanding, and extracting data from documents and delivering it into the right process. This frees valuable employees to focus more on customer relationships.
According to this Deloitte study, hyperautomation can provide an average cost reduction of 22% in the next three years. Additionally, revenue can be increased by 11% with this technology over the same time period. The study also showed that businesses that were already in the process of scaling hyperautomation technology saw an average 27% cost reduction since implementation.
Hyperautomation enables organizations to understand, in real time, how their processes are performing. With process mining platforms like ABBYY Timeline, artificial intelligence enables businesses to automatically build an interactive digital twin of their processes, analyze them in real time to identify bottlenecks, and predict future outcomes.
Average cost reduction after implementing hyperautomation technology
Increase in revenue after three years of implementing hyperautomation
Hyperautomation is an approach to business process automation. It starts with identifying as many business and IT processes as possible that can benefit from automation technology such as RPA, AI, and more.
Starting your hyperautomation journey with process mining gives you the advantage of knowing that you’re implementing technology where you need it most. Process mining and task mining platforms reveal where your greatest bottlenecks are.
Robotic process automation can be used to automate simple, repetitive tasks such as data entry. Robots perform these rote tasks with great efficiency and accuracy, freeing employees to focus on high value work.
When robots are equipped with “document skills,” they can use AI to understand and process unstructured document content intelligently. This is called Intelligent Document Processing (IDP). Read about ABBYY’s a no-code, IDP platform for upskilling RPA here.
Find out how the leading smart infrastructure company leveraged ABBYY's solutions to reduce invoice processing time by 90%, while ensuring impeccable accuracy.
ABBYY helps organizations in many industries to forward their hyperautomation journey with AI-driven process mining technology and no-code Intelligent Document Processing skills.
We help banks, capital markets, and wealth management firms automate the capture, recognition, field extraction, and validation of structured and unstructured content, while also guiding them in the continuous improvement of the processes through which content flows.
ABBYY helps insurers automate the handling of essential documents used in quoting, underwriting, onboarding, claims adjudication, and compliance.
ABBYY provides Accounts Payable departments with a no-code approach to Intelligent Document Processing that’s ready to use within minutes. The ABBYY Marketplace offers document skills for invoices, purchase orders, receipts, delivery notes, and more.
ABBYY provides a no-code Intelligent Document Processing platform that helps Transportation & Logistics to remove friction from document-intensive processes. The ABBYY Marketplace offers ready-to-use document skills for bills of lading, commercial invoices, customs declarations, delivery notes, and more.
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According to Gartner, hyperautomation is a business-driven, disciplined approach that organizations use to rapidly identify, vet, and automate as many business and IT processes as possible. Hyperautomation involves the orchestrated use of multiple technologies, tools, or platforms, including artificial intelligence, machine learning, robotic process automation, business process management, low-code / no-code tools, and more.
Hyperautomation often starts with robotic process automation, implementing software robots to emulate human activities such as repetitive computer tasks. Next, artificial intelligence technologies such as analytics, machine learning, and process mining are implemented to identify, automate, and monitor many other processes. This expands automation to knowledge work processes such as the reading and understanding of document content.
Hyperautomation software such as Intelligent Document Processing solutions enable robots to effectively process documents, and make decisions regarding the content, the way that a human would. Process mining tools contribute to hyperautomation potential by discovering and analyzing processes to identify where the best opportunities for automation are. Process analytic software can help to measure the return on investment of automation technology, tying them to business outcomes.
Any organization looking to decrease costs, improve process efficiency, or reduce errors can benefit from hyperautomation. At the employee level, hyperautomation tools such as RPA can reduce the burden of repetitive, manual tasks and free employees to focus on high value, and more personally rewarding, work.
Hyperautomation is used by organizations of all sizes in various industries, including, Financial Services, Transportation & Logistics and Supply Chain, Insurance, Healthcare, Retail, BPO, Customer Service, and more.
The AI (artificial intelligence) used in Hyperautomation helps the automation tools to become “smarter” through understanding cognitive tasks—those that require the processing of novel information or data, often contained in documents. Examples include optical character recognition (OCR), natural language processing, and computer vision. These advancements allow for the bots to convert text on paper or on a screen into language they can understand, to better comprehend written or oral human speech, and to see and recognize the context of actions performed by business users on screens.
Talk to ABBYY about process mining, Intelligent Documenting Processing, machine learning, RPA technologies, and more.
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