One of the most transformative technological advancements over the past decade has been cloud technology where automation played a significant role. By all means, cloud computing has been a massive success and has accounted for about 80% of all Information technology (IT) growth during 2015-2019. The revenue exceeded over $200 billion. Four massive providers Alibaba, Google Cloud Platform, Microsoft Azure, and Amazon Web Services (AWS) hold a significant 60% of the platform service and infrastructure service markets. Hyperscale computing, which is the ability to rapidly scaling of a technology architecture seamlessly, has resulted in these providers delivering IT infrastructure services in an efficient manner. This has also reduced the costs of traditional computing. A main element of hyper-scale computing is the automation of handling millions of users, transactions, and actions. In fact, even the gaming and gambling markets have seen an amazing implementation of AI-based automation across popular sites such as thegruelingtruth.com. From recommending the best games, enabling auto-play options, and implementing RNG and live dealer simulations, AI has been revolutionizing how casinos operate. We can now say that without automation, providers would definitely struggle to make their business models work.
Automation Trends in The Market
The pandemic has mandated multiple leaders to think about how automation can benefit businesses in the future. Lowering the costs still remained the top reason for automation, however, companies have been continuously deploying automation for strengthening businesses post-pandemic for reducing risks, and resilience, and generate useful insights for the success of the business. Automation is a major change in the business industry. The barriers to automation are coming to an end which however does not mean that companies can cut corners during the planning and execution of their automation strategies. Successful automation includes not only great technology but also strong C-level sponsorship to make it a priority.
Priorities Beyond Saving Money
Companies have been trying to benefit the most from automation and are thus looking at a myriad of technologies. Automation software providers have been responsive by expanding their capacities to develop AI (artificial intelligence), workflow automation, robotic process automation or RPA as well as optical character recognition. Over 51% of businesses have incorporated marketing automation. In the B2B segment, 58% of organizations intend to adopt this technology in the next 2-3 years. Almost 83% of marketing departments automate social media presence, 75% automate email marketing mainly and 58% focus on advertisements run on social media.
Adoption of Technologies
Companies invest in multiple softwares in order to enhance performance. RPA software providers are a part of each company now. Blue Prism, UiPath, and Automation Anywhere have combined RPA with process discovery, mining, and low code development tools which in turn result in a broad hyper automated platform that increases the addressable market size. Businesses are developing partnerships with leading enterprise software providers such as Salesforce, Workday, Oracle, and SAP to integrate their offerings. The goal is to effectively automate processes to create greater value expanding beyond cost-cutting in the long run. Back in 2018, the percentage of companies that had at least fully automated one function stood at 29%. By 2020, there was a modest rise to 31%.
Conclusion
Robotic process automation or RPA has a massively growing market. In 2019, it was valued at $1.4 billion. During 2020-2027, growth has been forecasted at a CAGR of 40.6%. DPA or Digital process automation is a newer technology that is not so heavy on coding. In 2019, DPA was valued at $7.8 billion in terms of market size. By 2025, it is expected to reach $16.12 billion at a CAGR of 13%. For companies that continue viewing automation as a cost-cutting mechanism, achieving its full potential is indeed a tricky task. Companies that have adopted automation are at par with bigger businesses and will eventually overpower such companies in terms of advancements and achieving goals.
Title: Automation Trends to impact business Revenue parameters
Meta-description: Cloud technology, automation innovations, Azure, and Amazon web services – The new tech trends are revolutionizing how business revenues are impacted.
IMG: https://pixabay.com/illustrations/automation-engineers-engineering-2710335/
How Automation Trends are Redefining Business Revenue Margins
One of the most transformative technological advancements over the past decade has been cloud technology where automation played a significant role. By all means, cloud computing has been a massive success and has accounted for about 80% of all Information technology (IT) growth during 2015-2019. The revenue exceeded over $200 billion. Four massive providers Alibaba, Google Cloud Platform, Microsoft Azure, and Amazon Web Services (AWS) hold a significant 60% of the platform service and infrastructure service markets. Hyperscale computing, which is the ability to rapidly scaling of a technology architecture seamlessly, has resulted in these providers delivering IT infrastructure services in an efficient manner. This has also reduced the costs of traditional computing. A main element of hyper-scale computing is the automation of handling millions of users, transactions, and actions. In fact, even the gaming and gambling markets have seen an amazing implementation of AI-based automation across popular sites such as thegruelingtruth.com. From recommending the best games, enabling auto-play options, and implementing RNG and live dealer simulations, AI has been revolutionizing how casinos operate. We can now say that without automation, providers would definitely struggle to make their business models work.
Automation Trends in The Market
The pandemic has mandated multiple leaders to think about how automation can benefit businesses in the future. Lowering the costs still remained the top reason for automation, however, companies have been continuously deploying automation for strengthening businesses post-pandemic for reducing risks, and resilience, and generate useful insights for the success of the business. Automation is a major change in the business industry. The barriers to automation are coming to an end which however does not mean that companies can cut corners during the planning and execution of their automation strategies. Successful automation includes not only great technology but also strong C-level sponsorship to make it a priority.
Priorities Beyond Saving Money
Companies have been trying to benefit the most from automation and are thus looking at a myriad of technologies. Automation software providers have been responsive by expanding their capacities to develop AI (artificial intelligence), workflow automation, robotic process automation or RPA as well as optical character recognition. Over 51% of businesses have incorporated marketing automation. In the B2B segment, 58% of organizations intend to adopt this technology in the next 2-3 years. Almost 83% of marketing departments automate social media presence, 75% automate email marketing mainly and 58% focus on advertisements run on social media.
Adoption of Technologies
Companies invest in multiple softwares in order to enhance performance. RPA software providers are a part of each company now. Blue Prism, UiPath, and Automation Anywhere have combined RPA with process discovery, mining, and low code development tools which in turn result in a broad hyper automated platform that increases the addressable market size. Businesses are developing partnerships with leading enterprise software providers such as Salesforce, Workday, Oracle, and SAP to integrate their offerings. The goal is to effectively automate processes to create greater value expanding beyond cost-cutting in the long run. Back in 2018, the percentage of companies that had at least fully automated one function stood at 29%. By 2020, there was a modest rise to 31%.
Conclusion
Robotic process automation or RPA has a massively growing market. In 2019, it was valued at $1.4 billion. During 2020-2027, growth has been forecasted at a CAGR of 40.6%. DPA or Digital process automation is a newer technology that is not so heavy on coding. In 2019, DPA was valued at $7.8 billion in terms of market size. By 2025, it is expected to reach $16.12 billion at a CAGR of 13%. For companies that continue viewing automation as a cost-cutting mechanism, achieving its full potential is indeed a tricky task. Companies that have adopted automation are at par with bigger businesses and will eventually overpower such companies in terms of advancements and achieving goals.
