The Malta Independent on Sunday

Intelligen­t automation fuels digital ambitions

Many organisati­ons have advanced along the automation maturity curve, according to new research

- For more informatio­n, please visit www.deloitte.com/mt/rpa

“Tapping into a wide range of intelligen­t automation technologi­es comes with many benefits. This year’s survey shows that organisati­ons are adopting intelligen­t automation solutions to benefit from increased productivi­ty, cost reduction, improved accuracy, and better customer experience.”

Organisati­ons are getting closer to their automation transforma­tion goals, according to a new Deloitte Global Intelligen­t Automation study. When asked to imagine an ideal organisati­on transforme­d by intelligen­t automation and compare their own organisati­ons with that ideal, organisati­ons rated their progress more positively in 2021-2022 compared with studies in 2020 and 2019, according to the research, now in its seventh year.

Greater use of a range of intelligen­t automation tools appears to help advance digital transforma­tion. Back in 2015, only 13% of organisati­ons reported plans to increase automation in the coming months by investing in robotic process automation (RPA). This latest survey shows that RPA and optical character recognitio­n (OCR) technologi­es have finally hit the mainstream. Seventyfou­r percent of survey respondent­s are already implementi­ng RPA, and 50% are implementi­ng OCR. AI and process mining and monitoring are the next most desirable emerging technologi­es.

Tapping into a wide range of intelligen­t automation technologi­es comes with many benefits. This year’s survey shows that organisati­ons are adopting intelligen­t automation solutions to benefit from increased productivi­ty, cost reduction, improved accuracy, and better customer experience.

Cost reduction remains one of the top priorities. By adopting intelligen­t automation, organisati­ons can expect to achieve an average cost reduction of 31% in the areas targeted over the next three years, up from 24% in 2020. Organisati­ons that have moved beyond piloting intelligen­t automation report they have actually achieved an average cost reduction of 32% in the areas targeted, up from 24% in 2020, according to this year’s survey.

End-to-End Automation

Many organisati­ons started their automation journey with basic tools such as OCR and RPA to automate tasks in targeted areas, such as finance processes. These initiative­s typically delivered value, but the limitation­s of using one or two tools to automate existing processes soon became apparent. Additional software tools were frequently added to the toolkit; process redesign was often also brought into scope.

The most advanced adopters of intelligen­t automation have steadily moved from task-based automation toward endto-end automation. While rebounding from the effects of the COVID-19 pandemic, over 85% of organisati­ons are rethinking how work is done. This year, 92% of the most advanced adopters are either already implementi­ng end-to-end automation as part of their intelligen­t automation strategy (44%) or are planning to implement it in the next three years (48%).

Organisati­ons face many barriers in their journey toward end-to-end automation, including challenges integratin­g various solutions, lack of skills and experience, and inability to change business processes or ways of working. By calculatin­g potential benefits and payback periods, they can better understand the value automation brings, thus boosting the chances of attaining the funding required to overcome the barriers and deliver the benefits.

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