{"id":3876,"date":"2022-03-07T07:09:39","date_gmt":"2022-03-07T07:09:39","guid":{"rendered":"https:\/\/news.sap.com\/india\/?p=3876"},"modified":"2023-08-14T17:18:49","modified_gmt":"2023-08-14T17:18:49","slug":"automate-key-business-processes","status":"publish","type":"post","link":"https:\/\/news.sap.com\/india\/2022\/03\/automate-key-business-processes\/","title":{"rendered":"How to Use an Asset Management System to Automate Key Business Processes?"},"content":{"rendered":"
Automation evokes polarized opinions from both leaders and employees. For some, it is critical as it ensures business continuity, cost-effectiveness and <\/span>business efficiency<\/a><\/span>. For others, it may create feelings of insecurity and panic due to the perception of the impending loss of jobs.\u00a0<\/span><\/p>\n In fact, according to a\u00a0<\/span>McKinsey report<\/a><\/span>,\u00a0<\/span>31%<\/a><\/span>\u00a0of organizations are worried about labor displacement and job loss stemming from job automation and artificial intelligence (AI). No matter which side of the spectrum businesses lie on, to advance the trifecta of growth\u2013People, Process, and Technology, automation is essential.<\/span><\/p>\n Automation refers to a wide range of technologies that aim to lower human intervention in processes without compromising on the quality of the final output. The business benefits of automation are aplenty.<\/span><\/p>\n From empowering decision-makers to make quick, informed decisions to accelerating business processes, the benefits cover the entire spectrum of operational efficiency. A few data-backed advantages of using an asset management system<\/a> to drive end-to-end automation within an enterprise include:<\/span><\/p>\n Establishing a cross-organization cultural shift requires a change in employee and leadership mindset. To start with, there needs to be greater reinforcement of three key messages that redefine automation the right way:<\/span><\/p>\n To drive automation success, the idea of automation needs to be effortlessly woven into the cultural DNA of the organization. This can be achieved by:<\/span><\/strong><\/p>\n Building an automation-first company requires organizations to inculcate an automation-first culture and mindset. In simpler words, involving the right people-assets becomes the foundation on which a winning automation program rests.<\/span><\/p>\n An automation-first company, in essence, should intrinsically build a culture of innovation, creative problem-solving, and productivity. Additionally, it should foster a culture of collaboration and communication. However, automation brings with itself the primary challenge of an ever-widening skills gap\u2013one where the employees do not have the requisite soft and technical skills required to make the most of the automation software. In fact, a recent\u00a0<\/span>McKinsey survey<\/a><\/span>\u00a0found that \u201caddressing potential skills gaps related to automation\/digitization<\/em>\u201d was a Top-10 priority for 66% of participants today.<\/span><\/p>\n The proposed solution lies in leveraging the right people\u2013and empowering them with the right knowledge\u2013to augment the automation initiatives instead of viewing automation as a replacement to human talent, skills, and knowledge.<\/span><\/p>\n Businesses can address the automation-skills gap by:<\/span><\/strong><\/p>\n Long story short, there\u2019s a growing need for talented, automation-savvy workers if businesses wish to extract the maximum potential of automation processes and systems, and thrive in a competitive landscape.<\/span><\/p>\n The final leg of adapting your organization to the automation journey is understanding:<\/span><\/strong><\/p>\nWhy is Automation Necessary?<\/span><\/h2>\n
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<\/p>\nHow Can the Firm’s Culture Support Automation?<\/span><\/h3>\n
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The Role Talent Plays in Successful Automation<\/span><\/h3>\n
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How can data be stored in an automation-friendly way?<\/span><\/h3>\n
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