Do You Want to Ship Faster and Reduce Logistics Costs? Signup Today
In our age, where we need technical help with whatever work we do, we already seem to have indirectly embraced business process automation. From the personal assistant tools on smartphones to IBM’s Watson computer system, we have made use of these advanced machines to make our jobs and businesses easier and smarter. We are so aligned and associated with machines and we all love to interact with them just the way we do with fellow humans. There is practically no difference!
Now, let’s address the obvious question that comes to our mind – will excessive cognitive dependence and interaction with machines, eventually make us vulnerable to them, and turn out to be disadvantageous for businesses? Let’s find out.
Through proper management, we can make machines think the way we do, but only to the extent that they think what we want them to think.
Following are the risks and challenges involved in business process automation implementation that businesses may face:
Sometimes, it gets extremely difficult to integrate the process automation with different processes and tools. This can pose a significant challenge for online businesses, more so for the small and medium ones. You also need to shed out a good amount of money to get a consultation from an IT consultancy in order to get guidance on choosing the right solutions.
The fear of job cuts lurks along with the emergence of business automation. There is a significant chance of losing jobs for employees who are engaged in manual, repetitive tasks. Instead of taking help from humans, businesses can bank on automation to generate sales, product improvement and so on. But the lack of thorough human judgment sometimes can increase risks for the company rather than gain.
Last but not the least; business process automation needs thorough monitoring and that means a good amount of financial as well as resource investment. Moreover, glitches may need to be rectified on a regular basis, which may again lead to a good expenditure for the business.
Nevertheless, business process automation, if dealt with closely and according to the company’s goals can produce clear and tangible long-term gains.
Exports are vital for the growth of any economy. Bringing in foreign currency and exporting products to other countries strengthens…
Did you know India is on track to become one of the largest online retail markets by 2030? According to…
Expanding your business internationally can open doors to incredible opportunities, but it also comes with trade rules and regulations. The…
The principle of network effect is very helpful in shaping how businesses grow and thrive in the digital space. This…
Flash sales have emerged as an effective strategy to boost sales. eCommerce portals already offer the convenience of shopping along…
Dreaming of turning your love for fashion into a business but hesitant about managing a full-scale boutique? Starting a boutique…