![Suppose your sales team spends too much valuable time tracking down data on spreadsheets instead of making contacts. What if co-workers feel overwhelmed by their workload and departments function more like productivity black holes? Is it time to invest in new staff or new automation? When time means money, your company may pour a lion’s […]](https://ogden_images.s3.amazonaws.com/www.heraldextra.com/images/2024/07/31134007/Money-Matters-automation-1200x628.jpg)
The article discusses the financial implications of automating processes in an attempt to address manual inefficiencies in businesses. The IDC study found that some companies use up to 30% of their annual revenue to address these issues. Experts predict that 80% of companies have plans to adopt intelligent automation by 2025. However, timing is a crucial part of ensuring the most value is achieved. Doug Tedder, author and speaker, suggests that automating multi-step processes can create streamlined, end-to-end (and often interdepartmental) workflows. He suggests that understanding the goal and expectations of automation and the impact it may have on employee performance is crucial. The article also suggests that existing systems are not being fully utilised or that employees may not intend to adopt the changes.
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