{"id":430,"date":"2020-05-31T13:33:04","date_gmt":"2020-05-31T08:03:04","guid":{"rendered":"https:\/\/aimonks.com\/aibytes\/?p=430"},"modified":"2020-05-31T13:33:06","modified_gmt":"2020-05-31T08:03:06","slug":"doubling-of-automation-activities-over-the-next-two-years","status":"publish","type":"post","link":"https:\/\/aimonks.com\/aibytes\/2020\/05\/31\/doubling-of-automation-activities-over-the-next-two-years\/","title":{"rendered":"Doubling Of Automation Activities Over The Next Two Years"},"content":{"rendered":"Reading Time: <\/span> < 1<\/span> minutes<\/span><\/span>\n

Global Coronavirus pandemic has on-going mass unemployment and is going to leave a long-term economic impact<\/strong>. Many prominent businesses, including McKinsey & Company, believe that post-pandemic world would be one we had never seen before.<\/p>\n\n\n\n

After conducting a survey of 800 executives worldwide, Bain & Company, a McKinsey competitor, predicted a doubling of automation activities<\/strong> among companies over the next two years to keep business running.<\/p>\n\n\n\n

The forced shift to remote operations made the urgency to adopt automation more clear than e<\/strong>ver to maintain business continuity.<\/p>\n\n\n\n

While McKinsey stated that half of the current jobs are automatable <\/strong>with existing technology, two years back, Bain predicted that business process automation could eliminate up to a quarter job by the end of this decade.<\/p>\n\n\n\n

But according to the most recent research, implementation of Intelligence Automation<\/strong> can help employees and bots to co-work, which in turn reported 20 percent cost saving over the past two years.<\/p>\n\n\n\n

Bain emphasizes that companies lack rigorous automation agenda risk falling behind, while those which address execution barriers will get a competitive edge<\/strong>.<\/p>\n\n\n\n

Key principles <\/strong>for companies executing their Automation plans:<\/p>\n\n\n\n