Published December 18, 2023 | Version v1
Journal article Open

The Rise of Hyperautomation: A New Frontier for Business Process Automation

Description

With rapidly advancing technologies like robotic process automation (RPA), artificial intelligence (AI), and machine learning (ML), businesses are automating processes at unprecedented rates. Hyperautomation represents the next evolution of business process automation, combining these tools to create end-to-end automated systems. This paper explores the emergence of hyperautomation as a transformative force in organizations. Following an introduction defining hyperautomation and its enabling technologies, the paper outlines key benefits including accelerated workflows, expanded capacity through digital workers, and enhanced decision-making from AI. Case studies showcase leading companies using hyperautomation to increase efficiency, lower costs, and improve customer experiences. An analysis quantifies the business value generated, with one firm achieving a 92% reduction in processing time. Guidance is then provided for implementing hyperautomation aligned to strategic goals, choosing complementary technologies, integrating with existing systems, and navigating potential hurdles. With projections of over 55% annual growth, hyperautomation adoption is rapidly accelerating across industries. While promising more efficient operations, hyperautomation also raises important ethical questions around security, transparency, and job displacement requiring thoughtful consideration. This research synthesizes current trends, examples, and expert insights to provide a comprehensive look at the rise of hyperautomation and its implications. The paper concludes that hyperautomation represents a new frontier for business process automation, fundamentally changing how organizations operate, interact, and make decisions. Executives must actively consider hyperautomation to remain competitive in an increasingly digital business environment.

 

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