How Automation Can Help You Grow Your Business
The term ‘automation’ has been making its way around for quite some time. Many are fearful of what it means and hesitate to trust a future where processes that were handled by manual labor will be done by machines instead. Despite the fear, automation has slowly but surely been transforming the way things are done across industries.
Entire businesses are completely transformed by implementing automation. Regardless of its widespread infiltration, many ask the question: what is business process workflow automation, and why is it important? Through automation, the entire workflow of the business can be handled by machines. But what is a business automation workflow? Read on to find out!
What Is Automation?
One way or another, every business has a singular goal: to increase profits and grow. In this fast-paced world, growing at a healthy pace is nearly impossible to achieve by manual means, especially in a digital age where competitors are employing top-notch technology to stay ahead in the game. The good news: every business has access to the tools to automate its operations.
Let’s first talk about what automation is and how it has been revolutionary.
The International Society of Automation describes automation as “the technique of making an apparatus, a process, or a system operate automatically.” This automation can be achieved for several functions, elements, and systems.
How Has Automation Been Transformative?
Automation’s role in easing workflow and relieving some burdens for workers has not been limited to any one industry, role, or function. Some of the many industries automation has transformed are:
- Technology
- Finance
- Healthcare
- Real Estate
- EduTech
The 2008 recession saw a rise in the investments made into automating operations across industries to maximize production and remain competitive. Automation proved so helpful that analysts believe major companies such as General Motors would have had a much harder time coming back from the Great Recession.
How a Business Can Automate Their Workflow
Contrary to the popular belief that automation will result in a rise in unemployment, a study published by Wharton’s Lynn Wu in 2021 – The Robots Are Coming. Is Your Firm Ready? – finds the opposite to be true; automation is increasing the demand for workers.
For a business to automate its workflows, it needs to have relevant professionals who know how to do so. In fact, developing the necessary talent is essential. Automating a workflow involves a considerable number of new roles to be present at the company. For example, an automation engineer will be crucial in deciding what tools are needed to automate the workflow.
Automation workflow is not just for large companies. Automation workflow for small businesses is just as necessary and possible. In fact, automation might be even more important for growing companies as it can help maximize production and efficiency, leading to faster scaling. Some workflows that can be automated include:
- Onboarding of employees
- Reimbursements for travel, mileage, etc.
- Invoice management
- Procure management
However, getting started with the process of fully automating your company is not easy and can be quite confusing. Luckily, Infinit-O is here to help.
Infinit-O partners with the world’s fastest-growing technology, finance, and healthcare service companies that want to scale more effectively and advance their brands by providing a strategic advantage.
Demonstrated by our world-class Net Promoter Score of 71, we deliver the highest quality outsourcing services using our unique data-driven approach – combining powerful technology and high-performance teams within our highly-engaged and agile culture.
Our expertise includes Customer Experience, Back Office, Sales, Data Science, and Engineering. If your company wants to scale more effectively and advance its brand, sign up now!
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