Automation and its Dynamic Nature Shapes New Market Trends

Automation

Automation adoption was the top enterprise trend throughout the last couple of years, and now the pandemic has made it even more critical with new trends emerging regularly.

Automation helps enterprises to mitigate cost, increase performance, and enhance productivity in the current crisis situation. With increasing innovations, new automation trends regularly emerge, cutting across different sectors, industries, and countries.

Here are some automation trends that will impact the industry over the next few months:

Increase in collaborative automation

As business paradigms evolve, new technologies like AI, automation, and ML are taking over businesses. But, due to this dynamic state of innovation, it has become immensely difficult to model everything with a fixed set of pre-decided rules. Technology will replace humans, but human minds are needed to run the technology. With machines doing all the tedious, menial, and repetitive tasks, humans can continue focusing on higher cognitive chores like creatives development, research.

Automation and its Dynamic Nature will Shape New Market Trends

Since the industrial revolution, the focus has been on creating a human and machine hybrid with an intelligence balance, which will help the whole industry progress and grow. These collaborative efforts will definitely change the automation industry for the better.

The recognition of fast process automation

Processes being the core of all businesses need to move faster as the operations expand. Organizations focus on process automation and Business Process Management as the center of the digital transformation goals. BPM platforms focusing on business process automation enable businesses to design and automate processes. There’s an ongoing shift as the BPM platforms are being re-imagined in accordance with the new market dynamics, which considers the next-gen workforce and shifting customer expectations.

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As the Millennials enter the workforce, the new workforce and smarter customers have extraordinary expectations from the process automation market. The popular BPM platforms are always over-engineered, which increases the risks and problems that arise when the processes get slower. This has escalated the need for fast process automation with all the tools getting more powerful and dynamic.

There has been a stable increase in the involvement of all the stakeholders, including customers, employees, and suppliers in the process automation, which would enrich the customer experience in the businesses with overall growth.

Low code movement will catch fire

People without a technology background are the ones who have a lot of problems while working on or creating a digital platform. But there are great ideas on solutions/ products that solve the customer’s issues.

Currently, automation is actually in the hands of technical users. This power will soon shift, and democracy in building automation through no-code movement will emerge.

Acceleration to on-prem tools from cloud-based automation

Hosted or on-premise tools- both have their disadvantages and advantages. Yet, due to the increased need for collaboration and flexibility of tools online, cloud-based automation will thrive in the near future. On-premise tools are better for firms that are strict with their security measures, having sensitive data. Sometimes, it also becomes a challenging task to shift from one Cloud vendor to another. Businesses might find this task increasingly tedious as there are a lot of fresh processes that they discover.

How organizations ensure successful automation of tasks

The firm that wants better performance, lesser risk, and portability at a lower cost, go for
cloud-based automation. In the world where IoT is growing and becoming even more popular, cloud-based automation is the future.

The automation industry has always been unpredictable. Every day there are thousands of new discoveries. The market is expanding rapidly, and there is a huge scope of innovation through a collaborative and dynamic approach.