How process automation enhances the growth of startups
“McKinsey estimates that automation alone could boost productivity growth on a global basis by 0.8 to 1.4 percent annually over the next 50 years”
For any startup, automation can be incredibly beneficial because it reduces the workload on your team, freeing up your time for more valuable tasks. Moreover, it lets you offer a consistent customer experience regardless of whether you’re working from your spare room or dining room table.
Automated technologies are maturing and being adopted by many startups. As this technology does not need to replace existing analytic solutions, it can be non-intrusive while at the same time reducing manual bottlenecks between data inflow and analysis.
Technology that reduces the interactions of people with processes is known as automation. With automation, human intervention, decision criteria, subprocess relationships are reduced, and related actions are predetermined in advance and embodied in machines.
To make data more valuable, businesses must eliminate manual bottlenecks, like data preparation and integration. A survey of Global 2000 companies found automation and complementary technologies could save roughly $20-$40 million annually
How startups can benefit from the automation of processes involving data analytics
Many enterprises can benefit from automating their internal processes that are linked to data analysis by keeping up with data and looking out for proactive alerts.
The following are some ways in which startups can benefit from the automation of data analytics:
Fewer manual processes
By automating business processes, outdated manual procedures can be eliminated. As technology continues to advance, manual forms and documents on paper will keep disappearing because manually filling out paper forms is old fashion.
Automation will save your organization time and space that would have been used to store and file paperwork. With automated data collection, forms and files are now available in digital format and can be stored for many years while being easy to access
The likelihood of a human error increases when manual data entry is involved. Despite how diligently you train and how knowledgeable you are, you will still make mistakes. By automating your processes, these errors will be reduced.
Automatic data collection systems reduce the number of steps to simplify complex tasks. Businesses can focus more time on other workflows as fewer steps are required during manual processes, resulting in higher productivity.
Automating your business will eliminate extensive labor costs, training, equipment maintenance, system updates, and document storage. Furthermore, funds can be redistributed to other departments, internal processes can be improved, computers and other machines can be updated, etc.
Automation is the right approach for workloads characterized by highly repetitive data extraction and manipulation tasks. By utilizing these quick wins, you will be establishing business cases through cost savings, which will allow you to look into comprehensive operating model-based solutions sooner rather than later.
In addition to saving costs, being ahead of the curve can greatly enhance analytics differentiation, given the safe assumption that backlogs will only increase.
With Quabbly you can begin automating your processes to enhance accuracy in data collection and analysis to help your organization make informed decisions. Get started .
Originally published at https://quabbly.com.