6 Ways AI-powered Workflow Automation Can Unlock Value For Your Business3 min readReading Time: 2 minutes
All processes require a workflow for successful completion. That said, most workflows involve manual tasks that are usually time-consuming, expensive, and vulnerable to errors. These tasks are critical components of the workflow and directly impact the time, cost, and quality of the entire process. By introducing AI-powered workflow automation, these manual tasks in the workflow can be improved to make the process smoother, faster, and more efficient, leading to greater success in a shorter span of time.
The key benefits of AI-powered workflow automation are:
1. Unlock The Potential Of Data
With AI-Powered workflow automation, businesses can accomplish a wide range of tasks across functions and create exponential value from their company’s data. Automation can improve team productivity while managing data. Companies can use this to label, classify and enrich raw data within minutes, and let the system learn and build custom, ready-to-deploy ML models for your data organization needs.
2. Cost Efficiency
AI-powered workflow automation is primarily about eliminating complexities out of a process in order to reduce costs. It is important to be cognizant of the fact that automation doesn’t translate to eliminating human intervention or jobs. Cost efficiencies are achieved by accelerating repetitive manual processes and freeing up resources for deployment in other areas.
3. Quicker Go-To-Market Timelines
AI-powered workflow automation allows for businesses to rapidly accelerate their go-to-market timelines, and consequently, accelerate revenue generation.
This is particularly critical for businesses that are handling large volumes of manual tasks. One example of this in the business of used car marketplaces is using AI-powered image moderation to qualify & automate onboarding workflows and speed up their onboarding process for vehicle listing. This is a process that has traditionally been manual and time-consuming. But with AI-Powered image moderation, used car marketplaces can go to market with their listings at an exponentially faster pace.
4. Reduce Complexity In Processes
Automation enables the simplification and standardization of processes. This, in turn, enables greater productivity and smoother workflows that scale effortlessly.
5. Qualitative Services
Studies show that employees spend 69 days in a year on mundane, repetitive tasks. By delegating repetitive tasks to A.I., employees and businesses have the time to provide meaningful services to their customers that they may otherwise have not had time for.
6. Offer Seamless Customer Experiences
By standardizing processes through automation, businesses can provide their customers with a seamless experience. A leading wellness provider in Asia deployed this in their customer onboarding process and saw a typically 24-hour long process cut down to a few minutes! The impact of this in the context of customer experience can be tremendous.
Simply put, the potential for AI-powered workflow automation is immense, across the value chain, in every industry. By automating mundane, repetitive tasks, businesses can unlock new avenues to streamline processes, uncover efficiencies and focus on business innovation, and staying competitive.