Most enterprise leaders today recognize that intelligent automation—the next evolution of robotic process automation (RPA)—has the potential to transform productivity, improve accuracy, reduce costs, and improve customer and employee experiences. Yet many organizations indicate that these investments have missed the mark in delivering targeted benefits.
Too often, companies are trapped by walls of their own making. We see four common barriers that limit the success of intelligent automation (IA) initiatives. Breakthrough value can only be achieved by breaking through these barriers.
Behind the barrier
In the rush to seize opportunities on the horizon, organizations too often lean into familiar technologies. In the process, they may overlook or shy away from other solutions that can deliver better, more transformational outcomes. Leaders who are under the gun to deliver quickly often worry that selecting, learning and adopting a suite of technologies will slow the pace—and in the meantime, business priorities may shift.
What leading companies get right
Teams with specialized knowledge in specific solutions are brought together, alongside business stakeholders, to take a holistic view of the process and the multitude of technology options available to them.
Behind the barrier
When it comes to investing in intelligent automation, organizations that target an overly narrow benefit (e.g., labor cost reduction) or focus on metrics that do not translate to business value (e.g., how many bots are deployed) struggle to create meaningful impact. Many organizations struggle to gain alignment and then to calculate and communicate the impacts. Even organizations that are narrowly focused on cost reduction and revenue impacts struggle to track these measures.
What leading companies get right
Leading companies establish a comprehensive set of measures to evaluate the impact of IA solutions that directly support strategic priorities (e.g., customer growth, profitability, employee retention). They then establish disciplined tracking of these measures and communicate the value delivered broadly across the organization.
The horizons of possibility for intelligent automation grow more expansive by the day. But reaching those horizons is impossible if you’re stuck in old mindsets and processes, and/or relying on the wrong technologies and metrics.
It takes big-picture thinking, ambitious vision and cross-functional collaboration to drive value through intelligent automation. You can streamline investments, create operational flexibility and unlock greater value by:
Being aware of the barriers discussed in this paper will help you deliver breakthrough value from your IA investments.