In today’s competitive business landscape, it is abundantly clear that rapid adaptability is the hallmark of what matters in business success. Disruptive technologies, changing customer expectations, and world events are taking down entire industries, making markets more unpredictable than ever before. As a result, to survive—much less thrive—businesses need business agility—the ability to pivot and respond quickly when change comes.
The transformative power behind this agility is process automation, which allows businesses to improve operations, eliminate inefficiencies, and leave them ready with the flexibility to meet new challenges. In this blog, we’ll explore how process automation helps drive agility, with various data and insights from industry sources and real-world examples.
The Rise of Business Agility as a Critical Imperative
Business agility is well beyond a buzzword—it is a survival strategy. According to Gartner, “business agility” is the capacity of an organization to sense, respond, and adapt to changes in its environment in order to achieve particular results. This agility equips businesses with the resilience to overcome challenges such as:
- Technological disruptions (e.g., AI, Blockchain, and IoT).
- Rising customer demands for personalized, instantaneous services.
- Geopolitical and supply chain challenges.
- Economic volatility and market unpredictability.
The McKinsey report says that agile companies have 30 percent higher operational performance than their peers. Furthermore, they are at twice the rate of the non-agile companies to reach top financial performance. But that’s much easier said than done. With the traditional forms of operational models loaded down by cumbersome manual inefficiencies and siloed workflows, today’s demands can barely be met with them. This is where automation helps.
The Role of Process Automation in Elevating Agility
Process automation is the application of technology to automate the repetition of rules-based activities that are typically performed by humans. Automating processes will enable businesses to realize key benefits that positively impact agility. Let’s explore these in detail:
1. Accelerating Speed and Decision-Making
Organizations use Artificial Intelligence (AI) and analytics-powered automation tools to gather, analyze, and act on data in real time. Real-time access to the data accelerates decision-making and, in turn, helps businesses react quickly to market changes.
For example:
- Retailers can use automated inventory systems to adjust pricing or restock in response to demand.
- Financial firms leverage AI-driven fraud detection that flags suspicious activities in seconds rather than days.
Gartner predicts that by 2025, 50 percent of organizations’ decisions will be automated and analytics-powered to respond to internal and external disruptions at orders of magnitude faster than existing manual and computer-assisted cognitive approaches.
2. Enhancing Efficiency and Reducing Costs
Process automation can make an organization more efficient in operation. These are tasks like invoice processing, HR onboarding, and customer support that can be automated to do so in less time and with fewer errors.
Key insights:
- According to a Deloitte survey on implementation of RPA, the companies implementing routine automation get 20–40% cost reduction.
- According to McKinsey, companies deploying end-to-end automation experience up to 43% reduction in delays.
For example, a manufacturing company would be automating its supply chain. The company can do on-time delivery even in times of supply chain disruptions by automating demand forecasting, procurement, and logistics scheduling.
3. Scaling Seamlessly with Market Demands
Businesses need to scale fast and still deliver the best service in a world where customer expectations keep changing. This is facilitated by automation, as companies can increase operations without a corresponding increase in resources.
Example:
- Automation is used by e-commerce companies to make real-time adjustments to pricing, run email marketing campaigns, and enable real-time order tracking to be able to handle spikes in demand (e.g., Black Friday sales).
The Gartner study estimates that by 2027, intelligent automation will lead to cost reductions of 30 percent in operations and unparalleled scalability.
4. Empowering Employees for High-Value Work
People aren’t replaced by automation; they are amplified. Employees can do away with repetition work and concentrate on creative, strategic, and high-value activities. This shift also improves morale and encourages innovation with organizations.
According to a Forrester report, 65% of companies using workflow automation reported a marked rise in employee productivity, moving staff from tasks that have little or no impact on growth in revenue and customer satisfaction.
Real-World Use Cases: Automation Driving Agility
1. Healthcare: Optimizing Patient Care
Healthcare has revolutionized patient records, appointment scheduling, and billing tasks through automation. Healthcare providers eliminate existing administrative inefficiencies so that the diagnosis is quicker and the treatment is quicker.
Case Study: Cleveland Clinic automated its patient scheduling platform and cut appointment wait time by 33 percent and patient satisfaction scores by 22 percent.
2. Retail: Adapting Quickly to Customer Expectations
Automation in the supply chain has been taken up by large retailers like Walmart and Amazon for supply chain optimization, dynamic pricing, or personalized recommendations. Hence, they can prepare themselves before their competitors and meet customer requirements in a better way.
Stat: Retail automation increases productivity by 39%, according to McKinsey, freeing up businesses to focus more on customer-focused innovation.
3. Finance: Streamlining Compliance and Reporting
Robotic process automation (RPA) tools from banks and insurance companies are used to process loan applications, verify customer documents, and ensure regulatory compliance. Processing times are shortened via automation as it also eliminates risk exposed to human errors.
Example: To democratize automation, JPMorgan Chase automated contract review and so reduced 360,000 hours of work annually, all while ensuring compliance across all operations.
Addressing Automation Challenges to Unlock Full Agility
While automation offers clear benefits, businesses often struggle with adoption due to challenges like:
- Integration Complexities: Automation may be hampered by legacy systems or fragmented workflows.
- Employee Resistance: There is a fear of job displacement, which will lead to organizational pushback.
- Security Concerns: Data-heavy workflows create questions around privacy and security when automated.
To overcome these challenges:
- Cultivate an environment of upskilling and reskilling in order to prepare employees for the new roles you need them to fulfill.
- Choose a phased approach, starting with secure pilot projects, and scale up in a manner.
- Cybersecurity measures should be made a priority in order to protect sensitive information.
Process Automation Market Outlook: The Statistics Speak
The rise of automation has been ubiquitous, and businesses have already jumped on the bandwagon. Here are some key insights into the current and future market:
- The global process automation market is estimated to grow at a CAGR of 6.5% from $81.9 billion in 2020 to $122.2 billion by 2028 (Mordor Intelligence).
- McKinsey’s research shows that over 90% of businesses had already piloted or implemented process automation tools in 2020, with that number expected to rise to 66% by 2025.
- Automation could translate to up to $15 trillion to global GDP by 2030 (World Economic Forum).
Why Choose Macrosoft for Automation Solutions?
Macrosoft is focused on assisting organizations use automation to enable increased agility. We endeavour to offer custom solutions to address challenges and to create new opportunities.
- AI-Powered Analytics: Get real-time insights to make informed decisions.
- Robotic Process Automation (RPA): Get rid of bottlenecks, increase workforce productivity.
- End-to-End Workflow Optimization: Our proven solutions range from HR to supply chain and bring efficiency across departments.
Automation isn’t something we just implement; it’s a way of working that we weave into your organizational strategy for long-term success.
In today’s ultra-complex business world, agility is the ultimate differentiator, and automation is the tool that makes it possible. Organizations are not just becoming more efficient by automating processes; they are also creating the resilience and adaptability required to navigate an ever-changing market landscape.
Our commitment at Macrosoft is to be your transformational partner through this journey. Together, we’ll automate and scale your business agility.
Want to find out how we can automate your processes and keep ahead of this dynamic business world? Contact us today.
ByAllen Shapiro | Published on January 8th, 2025 | Robotic Process Automation