There's No Time to Lose: Get Moving on Your Automation Journey
Insight by Ram Mohan Natarajan, Senior Vice President, Business Transformation, HGS
CHICAGO, May 15, 2018 /CNW/ -- (Feature Article) -- According to a 2017 Ernst & Young report, 30 to 50 percent of robotic process automation (RPA) projects initially fail. From choosing the wrong RPA candidate processes to weak governance and business silo disconnects, the root causes for RPA failure are not much different than other change initiatives. On the other hand, a smart RPA approach can drive results that include dramatically enhanced operational metrics and impact in strategy across the organization. The ROI can be nearly immediate post-launch and, most importantly, sustained with the right approach.
Here are the three essential guideposts to focus on as you think of the right RPA approach for your business:
- Intelligent automation Proofs of Concepts (PoCs) are low-cost, low-commitment, and low-risk for the business. A good PoC is, ultimately, a PoV – proof of value. Some businesses take more than six months to even decide if they should advance along the RPA journey. These businesses want to dedicate time to research. It's important to note that with this approach, essential time is lost. Smart RPA strategy comprises a process that includes a PoC to allow for a test approach with immediate, real-time results. In fact, ROI impact is shown in a matter of 4-6 weeks, and this can be essential to making the decision to move RPA forward.
- The right RPA approach brings the requisite automation accelerators (including process and technology) for sustained value creation. There could be multiple drivers to look for with automation and cost is not always the most important one. However, it still makes sense to justify the cost of investment to get buy-in from multiple organizational stakeholders. Make sure the RPA accelerators – including cost – are all benchmarked to guide sustained success. This will set a faster pace toward a better destination.
- Some end-to-end process automation requires human critical thinking and expertise. The smart approach to RPA intelligently knits together automation steps with human-driven process steps and decision making. While there will be processes that can be completely automated, there will also be a number of processes where most of the work will be rule based but there will be some decision making required. It is important to employ smart RPA design, to leverage the best of the brain-bot strategy and move human assistance to higher tiers, for a higher impact on business.
Ultimately, optimized RPA drives a faster, more impactful business outcome and ROI. Once you embark on the journey, monitor for changes to ensure sustained results. As true automation experts, business process outsourcers (BPO) can work with all stakeholders to internally present the business case for RPA within their own operations. Remember that the BPO partnership is an ideal navigator for this journey, with a keen familiarity with the client partner's business processes, an operational metrics strategy and holistic alignment to long-term business interests. Unlike other automation, RPA is all about process understanding and design, so look for a partner who has expertise in these areas – one that can help design the new operational metrics strategy to maximize long-term business benefits.
About Hinduja Global Solutions (HGS):
A global leader in business process management (BPM) and optimizing the customer experience lifecycle, HGS is helping make its clients more competitive every day. HGS combines technology-powered services in automation, analytics and digital with domain expertise focusing on back office processing, contact centers and HRO solutions to deliver transformational impact to clients. Part of the multi-billion dollar conglomerate Hinduja Group, HGS takes a true "globally local" approach, with over 46,000 employees across 69 delivery centers in seven countries making a difference to some of the world's leading brands across nine key verticals. For the year ended 31st March 2017, HGS had revenues of US$ 555 million.
Visit https://www.teamhgs.com to learn how HGS can help make your business more competitive.
HGS Media Contacts:
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+1 888 747 7911
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SOURCE Hinduja Global Solutions (HGS)
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