Top Business Process Automation Trends For 2023
Business process automation is here to stay. It’s already an integral part of many organizations today and continues to help them streamline workflows and improve productivity.
But as companies look ahead toward 2023, they’ll need more than just traditional tools to achieve their goals—they’ll also need new business automation tools.
What Is Business Process Automation?
Business process automation (BPA) is the process of automating a business process or any subset thereof. You can do it using different tools and technologies, depending on the process that needs automation.
Stats On Business Automation
- 83% of IT leaders think business automation is essential for digital transformation.
- 73% of IT leaders attribute automation to saving employees 10-50% of their manual work time.
Top Business Process Automation Trends For 2023
Here are six business process automation trends on the horizon that will help you keep pace with your competition:
1. AI-Powered Document Process Automation
Artificial intelligence (AI) is reshaping the business landscape in ways we never imagined. Many organizations have already begun automating their paper documents with AI-powered document processing solutions.
And in 2023, we will see more companies using automation to automate tasks and make their processes more efficient.
2. Cloud Document Management
Cloud document management is storing, managing, and retrieving documents in the cloud. It is a scalable, secure, and cost-effective solution.
The future of cloud document management is increasingly focused on ensuring that users have access to the data they need, no matter where they are.
3. Low-Code Development
Low-code development is a way to automate business processes without needing to write code. It’s a way to create applications without coding or programming. It will result in reduced costs and faster time to market for new solutions.
In the coming years, low-code platforms will enable programmers to build customized software without learning how to code. Further, it will also offer the ability for users with coding skills (such as web developers) to extend the capabilities of their applications.
4. Natural Language Processing
Natural language processing (NLP) is the ability of a computer to understand human speech. It’s a subset of artificial intelligence. It allows machines to be trained to understand and respond to human language. Your business likely already uses NLP: Siri, Alexa, or Cortana.
And as companies seek to understand how they can use NLP to their advantage, it’s clear that NLP will continue to grow.
5. Process Mining
Process mining is gaining insight into how a business process or activity is performed by looking at historical data. Process mining improves:
- Business process efficiency;
- Customer experience; and
- Employee productivity
In 2023, we will see a trend of integrating process mining into enterprise applications. It will allow companies to get deeper insights into how their business processes work while improving the user experience.
6. Robotic Process Automation (RPA)
Robotic process automation (RPA) is a business process automation that uses software robots to execute repetitive tasks. The objective of RPA is to augment the human workforce by automating processes, thereby reducing costs and improving productivity.
In 2023, we may see more companies using RPA to automate their workflows or processes.
Process automation is the future of business. And it will continue to be a strategic priority for companies in 2023.
But while these trends are significant, they shouldn’t be the only consideration when deciding whether business process automation is right for your organization. What is the best way to decide if it’s right for you? Start by looking at what your company needs today—and tomorrow!
