Emerging technologies—such as artificial intelligence, machine learning, and Web3, to name a few—have completely disrupted the business landscape. To stay competitive, organizations must adjust to constantly changing markets and ever-evolving tech.
For many businesses, part of this adjustment means automating processes to save time, cut costs, and increase efficiency. According to Expert Market Research, the automation industry is expected to increase at a 6.6% CAGR between 2023 and 2028. Gartner estimates that investment in hyper-automation-enabling software will reach more than $720 billion by the end of 2023.
To access these benefits, organizations are utilizing business process automation (BPA) software. Most platforms rely on digital technologies to perform business processes or tasks with minimal assistance from humans. By shifting task performance responsibilities to machines rather than humans, BPA software enables employees or leadership to spend more time on value-adding activities—like growing the business.