5 Top Trends in Digital Transformation for 2023
In the face of unprecedented challenges, companies have been forced to undergo digital transformations at an alarming rate. During the pandemic, organizations of all sizes and industries had to quickly adopt new enterprise automation technologies in order to remain competitive. But as we begin to look forward toward 2023, what will be the top enterprise automation trends?
Top Automation Trends for 2023
2023 will light the fires for even more enterprise automation due to organizations expecting to leverage automation because of shortages in talent, soaring labor costs, and exponentially increasing customer demands. Here are 2023’s top enterprise automation trends as identified by the Intelligent Automation Network’s Spend & Trends Report:
1. Workflow Automation, Orchestration, and Management
Automating enterprise workflow to maximize agility, speed and efficiency will be a top priority for many companies. This will involve leveraging intelligent automation technologies such as robotic process automation (RPA) and AI-driven decision-making.
Furthermore, workflow automation and orchestration technology have become more available than ever before. Not only has there been a plethora of standalone low-code workflow tools entering the market, but many enterprise platforms offer similar features as well. For example, both Slack and Microsoft offer user-friendly tools that enable users to automate tasks such as onboarding communications, PDF creation, and email forwarding with little to no coding experience required.
2. Low and No Code Automation
The Low and No Code Automation (LNCA) technology will be a game changer for enterprise automation. This groundbreaking technology allows business users to create and deploy enterprise applications with little to no coding experience. In 2023, enterprise automation using LNCA is expected to increase by more than 50% as organizations embrace this cost-effective and efficient way of automating processes and applications.
Predictions show that low-code tools will become more and more common in the next few years. Gartner predicts that by 2025, 70% of new applications developed by enterprises will use low-code or no-code technologies, which is a big increase from 25% in 2020. Furthermore, Google’s engineering team believes that within three years, over half of all business applications will be built by people who don’t consider themselves professional developers.
3. Intelligent Document Processing
Intelligent document processing (IDP) will evolve dramatically in 2023, as enterprise automation technology continues to get smarter. IDP will become more capable of understanding the intent and context of documents, allowing for greater accuracy when it comes to automating document-based processes. This increased accuracy will result in faster processing times and improved customer experiences.
Going forward, we anticipate that many IDP vendors will evolve their value proposition to encompass unstructured data processing (UDP) as a whole. With more modern applications of AI like computer vision, NLP, and video analytics UDP solutions can structure unstructured data from various sources – not just text-based documents. These include videos, social media posts, photos telephone calls etcetera.
Hyperautomation will continue to thrive in enterprise automation in 2023. We expect to see increased adoption of enterprise automation technology and a wider range of use cases, with hyperautomation being used for more complex tasks and end-to-end processes.
Hyperautomation is gaining momentum due to its increasing capability to learn from humans and take over the tedious tasks that were once completed manually. This technology is expected to further evolve in 2023, with enterprise automation leaders leveraging its capabilities to increase efficiency and reduce costs.
5. API Management
APIs are code-based intermediaries that enable two applications to communicate with each other, which is key for hyperautomation and digital transformation. Because they facilitate data transfer between various independent systems, APIs can automate backend processes.
API management tools have become increasingly important for enterprise automation, as they provide visibility into enterprise activities and allow organizations to securely manage their APIs. We anticipate this trend will continue in 2023, with more enterprise organizations leveraging APIs for digital transformation initiatives.
2023 will be a year of huge enterprise automation potential. Companies of all sizes will continue to embrace digital transformation and enterprise automation technologies, with a focus on increased efficiency and reduced costs. We believe enterprise automation will be the key to getting ahead in the market, driving innovation, and creating competitive advantages.
As such, it’s important for enterprise leaders to stay up-to-date on the latest enterprise automation trends and technologies so they can leverage them to their fullest potential.