TL;DR:
- Automation Anywhere introduces generative AI automation, poised to transform the automation market.
- Specialized models accelerate enterprise-grade automations with natural language processing.
- Early adopters report up to 9x ROI, with the potential for a 10% reduction in CIO budgets.
- Integration with leading enterprise applications enables automation of structured and unstructured documents.
- Automation Co-Pilot speeds up automation development, benefiting professional and citizen developers alike.
- Industry experts praise the potential of generative AI in process automation.
Main AI News:
Automation Anywhere, the frontrunner in enterprise process automation, is making waves in the industry with its groundbreaking generative AI automation solution. This innovation promises to overhaul the automation development cycle and reshape the automation market as we know it. At the heart of Automation Anywhere’s Automation Success Platform lies a suite of cutting-edge generative AI automation models tailored for process automation. The new Automation Co-Pilot for Automators offers a suite of on-demand, generative AI-powered automation capabilities that accelerate the creation of enterprise-grade automations, enhancing employee productivity and potentially saving organizations millions of dollars.
These generative AI automation models are a result of extensive training on anonymized metadata sourced from over 150 million automation processes within leading enterprise applications. They are set to redefine the future of business process automation by enabling companies to effortlessly develop and execute complex processes and workflows across enterprise applications. This is achieved by first comprehending natural language work requests, converting them into actionable steps, and dynamically generating new process workflows. The models continuously learn and evolve with each automation execution.
Empowering developers and employees to harness the power of generative AI, Automation Co-Pilot for Automators allows users to describe their automation objectives in natural language. The software then transforms these concepts into optimized and personalized automations. What’s more, it even suggests the subsequent steps in the automation process, enabling developers of all levels, from beginners to experts, to create superior automations up to 55 percent faster, significantly reducing the time it takes to see automation results.
Realizing Remarkable Returns with Generative AI-Powered Automation
The integration of automation and AI on the Automation Success Platform has already demonstrated remarkable results. Early projects utilizing generative AI-powered process automations have yielded unprecedented returns, showcasing exponential growth in productivity across various departmental processes. Automation Anywhere’s Automation Success Platform, combined with generative AI, offers a potential 3x return on investment compared to non-AI-based process automation. When factoring in implementation, development, and management expenses, the return on investment soars to an astounding 9x. This presents an exceptional opportunity for companies to expand the use of generative AI-powered automation across a wide array of functions and processes. In fact, the platform holds the potential to automate up to one-third of all support-related processes, such as customer support, IT, finance, accounts payable, and tax, among others. Additionally, it is anticipated that the platform could deliver a 10 percent reduction in CIO budgets.
Mihir Shukla, Founder and CEO of Automation Anywhere, envisions a future where automation surpasses 70 percent of company processes and workflows. He states, “We’re in the beginnings of a massive market shift, and the companies that move quickly to experiment and safely deploy AI-based automation solutions will have a significant competitive advantage.”
Seamless Integration with Leading Enterprise Applications
The Automation Success Platform seamlessly integrates with thousands of leading enterprise applications, including SAP, Workday, Microsoft, Oracle, and Salesforce. With generative AI integration, customers can swiftly process both structured and unstructured documents, marking a significant milestone in automation capabilities. This enables organizations to automate a vast spectrum of structured, semi-structured, and unstructured document types, such as contracts, waybills, logistics, and loan applications. As a result, thousands of enterprise processes and workflows can be automated, ushering in a new era of work that enhances employee productivity, reduces repetitive tasks, and unlocks creativity for higher-value work.
Revolutionizing Development and Deployment Cycle Times
Many organizations grapple with a backlog of process automation tasks due to limited developer resources. Speed is of the essence to address this persistent challenge, and Automation Co-Pilot for Automators offers a solution. By accelerating the automation development cycle, organizations can achieve substantial productivity gains and potentially save millions in costs. Quicker automation creation means that more generative AI-powered automations can be deployed to business teams across the enterprise, resulting in faster and more efficient results, often within weeks.
Adi Kuruganti, Chief Product Officer at Automation Anywhere, highlights the impact of Automation Co-Pilot for Automators, stating, “Our customers are experiencing up to fifty-five percent faster automation development cycles, providing a significant boost to productivity. We’re not only expediting automation creation for professional developers but also democratizing automation creation for citizen developers, enhancing their workflow environments.“
Automation Co-Pilot for Automators serves as an on-demand automation assistant integrated directly into the development experience. With its natural language capabilities, users can articulate their automation objectives, and the software transforms these ideas into optimized and personalized automations. Furthermore, Automation Co-Pilot suggests the subsequent steps in the automation process, enabling developers of all proficiency levels to create superior automations.
Positive Reception from Industry Experts
Industry experts are already recognizing the potential of Automation Anywhere’s generative AI-powered capabilities. A business system analyst at a prominent financial services company lauds the speed at which Automation Co-Pilot for Automators is advancing AI implementation, expecting significant cost savings and reduced labor-intensive processes.
Automation Anywhere’s solution stands apart from others in its focus on complex, end-to-end orchestration, aligning with the realities of today’s enterprise landscape. Additionally, the generative AI automation model continuously learns from user feedback and enhances itself over time. The Automation Success Platform’s Responsible AI Layer ensures adherence to enterprise security and data privacy standards, guaranteeing safe AI governance.
Amardeep Modi, Vice President at Everest Group, comments on the growing significance of AI in enterprise priorities, particularly in process automation. He notes that with advancements in Generative AI and LLMs, enterprises seek faster deployment and scalability of automations while ensuring robust data security and governance.
Conclusion:
Automation Anywhere’s generative AI-powered process automation solution is poised to revolutionize the way businesses operate. It not only streamlines automation development but also promises substantial returns on investment. Empowering organizations to automate a wide range of processes and workflows, enhances productivity and drives cost savings. Automation Anywhere’s commitment to responsible AI governance ensures that businesses can harness the power of AI with confidence, positioning them for success in an ever-evolving market landscape.
