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A top trend Gartner has listed hyperautomation as one of the top strategic technology trends for 2020 and 2021 , predicting it will play a significant role in the years ahead to help lower organizations’ operatingcosts. How does hyperautomation differ from other types of automation, in particular intelligent automation?
Gartner has named hyperautomation as one of the top technology trends for 2020 , 2021 , and now 2022 , predicting it will play a significant role in the years ahead to help lower organizations’ operatingcosts and find new revenue sources. Intelligent automation is actually a subset of hyperautomation.
BPA solutions typically consist of document capture , workflow automation , and roboticprocessautomation (RPA) software. Document capture software efficiently extracts critical information from documents during the scanning process and passes it off to the correct system for electronic storage. Human Resources.
Businesses achieve a wide range of benefits, including: Decreased Costs: By streamlining workflows, business process management helps organizations save money on operationalcosts, redundant tasks, human errors, and more. How Does Automation Fit into Business Process Management?
Examples of such technologies include artificial intelligence, machine learning, roboticprocessautomation (RPA), and low-code tools. Automation vs. Hyperautomation With the increasing importance of customer experience in the insurance industry, businesses must implement technologies that make customers’ lives better.
Next-generation banking automation will enable banks and credit unions to use sophisticated workflows to execute complex processes. . Artificial intelligence and technological advancements will render better management of banking services executed at lower operationalcosts. AI for Data Analytics.
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