Last week, Automation Anywhere released the third edition of its Automation Now & Next annual report, prepared in collaboration with Futurum Research. The study signals that intelligent automation will be a strategic lever as businesses brace for a recession. Let’s learn the other findings.
As world tensions increase and the stock market faces volatility, business leaders indicate that intelligent automation has become a pivotal strategy to navigate current market challenges and sustain business performance. Of the 1,000 global organizations surveyed, more than 90% say automation addresses the impact of supply chain and economic uncertainty.
Looking ahead to 2023, the report shows automation budgets are dramatically increasing, with more than 77% of organizations indicating they will boost their automation budgets in the year ahead and expect to have 500 or more bots deployed within 12 months. A quarter of respondents say they are escalating automation funding by at least 25% to help speed up automation deployments. With automation proving to be core to business operations, the report also indicates that:
- 77% of respondents said they’ve made automation a priority for the next 12 months, having achieved an average return on investment of 6.3X;
- 94% of respondents state automation is helping address supply chain issues;
- 61 % of respondents strongly agree that automation has helped address staffing shortages;
- 70% of companies state that 30% of their work across business functions can be automated.
The Future of Automation is Cloud
The research also found that cloud-based automations are integral to future-proofing business transformation strategies. Cloud delivers agility and flexibility to rapidly respond to the nature of today’s quickly evolving environments, which rings true for the 90% who said they’re moving from on-premises to cloud automation – and for the 93% who said they have already adopted a cloud-first approach for all new automation initiatives.
To get your copy of the report and read more about its findings, please visit here.