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Hyperautomation: Businesses No Longer Content with Simple Automations
The 1990’s saw an acceleration of business processes as startups adopted the mantra of “moving at internet time.” Businesses continue to gear up and are now in overdrive as Gartner forecasts a wave of hyperautomation overtaking repeatable business processes.
Gartner forecasts that the global market for hyperautomation technology will reach $596.6 billion in 2022, up from $532 billion for 2021.
Rob Perry, former vice president of product marketing at ASG Technologies, said that “hyperautomation has an ambitious goal of applying automation to much more of the enterprise than in the past, applying new technologies to automate more decisions during a business process and resulting in less human engagement.”
Cathy Tornbohm, distinguished research vice president at Gartner, said that “organizations are transitioning from a loosely coupled set of automation technologies to a more-connected automation strategy. In response, vendors are developing integrated offerings that combines technologies like RPA, LCAP (Low Code Application Platform) and business process management into one, packaged tool.”
Chris Porter, CEO at NexBotix, said that “hyperautomation, allows businesses to future-proof their investment through taking a holistic approach to automation and digital transformation. I believe that in the very near future, there will be new technology with more advanced capabilities than what we have access to now when it comes to each stage in the automation journey, so this is really just the beginning.”
