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The Digital Future of Work: Automation can Add More Value!
Embedded Advisor | Friday, June 28, 2019
In a period of breakneck digital transformation driven by a massive marketplace shift, the future of work is highly reliant on automation.
FREMONT, CA: Automation is transforming every industry globally. With operational efficiency, a key driver, the benefits of automation are far higher than just cost savings and is being adopted faster than ever before. A report from the McKinsey Global Institute claims an estimated 73 million jobs are expected to be eliminated by 2030 because of advances in technology. The future of automation applies to nearly everything, to achieve the full potential of automation, people and technology will need to work hand-in-hand.
As automation in the workplace is on the rise, businesses need to automate all its operations to stay competitive in today’s market. Many enterprises believe that it makes them more efficient and productive in their routine tasks. While many are leveraging automation, some fail to realize the full power of it, including the potential enhancements to productivity, innovation, worker satisfaction, and ultimately the bottom line, that can be achieved by reducing the steps required to complete everyday tasks.
Workplace automation is improving the day-to-day work of workers by reducing their workloads of redundant, mundane tasks, and they can focus on higher-value tasks. Automation has the potential to complement human labor, freeing up workers to spend more time on the work that lets them shine. The technologies with the ability to significantly impact workplace automation in the future include artificial intelligence, machine learning, natural language processing, workflow automation, and automated data exchange.
Many organizations are undergoing digital transformations and embracing a digital future to drive competitive advantage that will help them thrive in a fast-changing business world. A vital piece of any organization’s digital transformation strategy and business strategy should be to develop a point of view on how automation and other technologies can help their organization, employees, and customers. Exploring how these technologies can be applied to have the most significant impact on the business can indeed help.
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