Repetitive and routine tasks are increasing in businesses every day, consuming a significant amount of employees’ time. This does not allow them to focus on more strategic development that can help drive business growth in any manner. Additionally, the world is moving towards digitization and digital transformation, as every business rapidly adapts to digital and advanced automation solutions.
As a businessman, you have to deal with various issues if you are not going to adapt to evolution. You have to seek solutions that can free up the employees for more potential workflow and also provide various additional benefits and applications. The automation solutions are the ones that are making a good impact on businesses.
However, after knowing about the automation solutions, businesses cannot still have no idea which automation solutions could be the best for their businesses. So to provide more and clearer information on how and which automation solutions you should choose to make your business grow.
Businesses need automation solutions because they increase productivity, decrease expenses, improve accuracy, and increase efficiency. Businesses can free up staff members to concentrate on more strategic projects and foster innovation by automating monotonous chores.
Additionally, automation facilitates enhanced data management, quicker turnaround times, and better client experiences. Choosing the right automation solutions becomes crucial as the right one can make your business grow well, as well as provide a high return on investment. Where the wrong choice can lead to various potential losses, such as a bad return on investment, and also make your business run behind the others.
Explore more: Transform Your Business With Custom Software Automation
Global Market Analysis And Key Stats
- The industrial automation software market size has grown rapidly in recent years. It will grow from $44.11 billion in 2024 to $48.89 billion in 2025 at a compound annual growth rate (CAGR) of 10.8%. It will grow to $73.29 billion in 2029 at a compound annual growth rate (CAGR) of 10.6%.
- Many companies are leveraging automation to save time and reduce costs, with IT leaders reporting time savings of up to 50%.
- 67% of companies use business process automation, and 31% have fully automated at least one major function.
- 51% of business leaders believe automation can reduce overall costs by 10-50%. 78% of business leaders believe automation enhances overall organizational productivity.
- 24% of companies have implemented low-code process automation, and another 29% are planning to do so.
- Gartner forecasts a substantial rise in network automation by 2026, with 30% of enterprises automating more than half of their network activities, compared to less than 10% in mid-2023.
- 84% of finance staff say they’re able to make decisions faster thanks to automation tools.
- 93% of CFOs have experienced shorter invoice processing times thanks to digital technologies and automation, while 80% of those with ongoing delays point to the lack of AI automation as the primary factor.(Source)
Also Read: TOP 10 Industrial Automation Companies in the World
What is Automation Solution?
Automation solutions for businesses refer to the solutions or services composed of hardware, software, and systems to automate various manual tasks within the businesses to enhance efficiency and productivity by freeing up employees. This helps organizations to focus on more complex projects, and their routine tasks also run at a faster pace and accuracy than ever before.
To implement the right automation solution for your business, you need to understand your business needs and market demands, which surely helps to get the best solutions. Various other factors can influence the automation solutions type like budget, business type, and location, but overall by understanding the right processes, you get the right solution.
Also Read: Top IT Automation Solutions For Streamlined Operations
Steps to Choose The Right Automation Solutions for Your Business
There are various key steps to choosing the right automation solutions for your business. Here are a few key steps mentioned below.
Identify The Processes To Automate
You just don’t wake up and automate any process with any automation solutions. You need to understand well which processes you want to automate and what is necessary to automate. The processes you want to automate should be routine or repetitive and also take too much human labor.
If any process fulfils this criterion, then you can choose that process for the automation. So the first step is to identify the area and processes correctly to make any further moves.
Assess Integration Required
Integration requirement identification is also necessary before choosing any automation solution for your business. Assess the software, hardware, and pre-existing systems that can integrate with the automation solution. For example, if your business has a pre-existing CRM, SCM, or software, then it should smoothly and properly integrate with the chosen automation solution, which should be evaluated before the final selection.
Also Read: Benefits of Marketing Automation You Need to Know
Consider Scalability And Flexibility
Scalability and flexibility are the two important factors that make any automation solution more effective. Before confirmation of any automation solution for your business, check that the solutions should be adaptable to every changing volume and landscape. The automation solutions should be scalable in the future with the increasing trends and digital transformation. This helps your business to provide the best return on investment, which could be a great benefit in revenue generation.
Assure The User Friendliness
Any solutions are not useful until business employees have the knowledge and ease to handle them. So, the implementation automation solution must be easy to understand and handle. Before finalizing, provide training and prototypes to your employees on the automation solution and analyze whether they can understand or not. If they can understand, then surely you can think about it.
Analyze Vendor Support And Expertise
It’s time to analyze the vendor that is providing or developing the automation solution for your business. Evaluate the vendor expertise and experience, and make sure that the vendors have a few years of experience in the industry-specific solution. Also, check or read the previous clients’ testimonials and also check the review for the performance of the previous project. This will provide a great idea about the vendors and create a collaborative environment.
Calculate Return On Investment
Calculation of return on investment for the automation solution you are going to implement for your business, as it makes you satisfied and worry-free that you are going for a profitable investment. The return on investment calculation should be higher than your investment in a specific period. After analyzing all these steps, you can go for the automation solutions if they stand out best on these criteria.
Also Read: Why Robotic Process Automation is the Future of Business
Top Examples of Top Automation Solutions for Your Business
There are some top examples of automation solutions for your business. Here are a few top examples mentioned below.
Document Automation Solution
Documents are an important aspect of businesses as it is required to manage them efficiently. Manual management of documents takes too much time and also leads to inefficiencies. The document automation solution can automatically create, format, and create and also can enhance various documentation processes.
Sales Order Automation
The sales department is another important department in your business that can be enhanced with the automation solution. The sales order automation solution or system can automate the sales processes like sales analysis, change the pricing models according to the market changes, etc. This enhances the customer experience of your business.
Workflow Automation
Workflow automation solutions are one of the general automation solutions that can be used to automate repetitive and routine tasks inside a business. This saves a lot of time for more complex and hard tasks. This improves efficiency and makes a positive impact on the growth of the business.
Robotic Process Automation
Robotic process automation is one of the most trending examples of automation solutions. It makes it possible to develop and oversee automated software programs that mimic human behavior to carry out certain jobs within your company. This solution can also be used as robots to perform tasks that manually cannot be possible with that accuracy.
Optical Character Recognition
Optical character recognition is an example of an automation solution for business as it identifies characters and transforms them into machine-encoded text using artificial intelligence and pattern recognition algorithms. Paper-based documents can be processed digitally thanks to these solutions.
Cost to Develop Automation Solutions for Your Business
The cost of the development of automation solutions depends on various factors and every individual solution has their pricing model. Here is the cost breakdown mentioned below.
- RPA (Robotic Process Automation): Focuses on automating repetitive tasks using software bots. Costs can range from $5,000 to $15,000 per bot, with larger projects potentially reaching millions.
- AI-Driven Automation: Involves using AI and machine learning to automate complex processes. Costs can be higher, ranging from $50,000 to $250,000 or more, depending on the features and data requirements.
- Workload Automation: Automates tasks within an IT infrastructure. Costs can vary from $30,000 to $250,000 depending on complexity.
- A partially automated system might cost around $200,000, while fully automating a line can exceed $500,000, depending on the equipment and system complexity.
- Custom configurations or specialized software development can add anywhere from $50,000 to $100,000 or more, depending on your specific needs.
- Setting up your automation system involves installation and integration costs. Professional system integrators usually charge between $100 and $200 per hour for these services.
- Training programs generally cost between $5,000 and $10,000 per employee, depending on the training depth and required skills.
- The control software that operates your robotic systems usually comes with annual licensing fees. These can range from $10,000 to $50,000, depending on the provider and the features you need.
Also Read: The Benefits of Using Automation in Manufacturing
Final Words
Automation solutions are revolutionizing the fortune of businesses in this digital transforming landscape. There are a lot of trends that can also boost the effectiveness of automation solutions in the future, such as AI integration, gen AI advancement, blockchain, and cloud analytics integration.
Gradually, the technical industry is also evolving, which is making everyone informed about the automation solution benefits and applications for their businesses. Surely, the adoption rate of automation solutions is going to increase very soon, which not only benefits the various sectors but also brings the perception into reality, and that could be the best change ever.
Are you looking to implement technology solutions into your business? If yes, so, please feel free to contact us at support@aeologic.com
