Top Machine Learning Platforms for 2024

Several machine learning platforms have stood out for their robust capabilities and innovative features, which are applicable across various industries. Let’s take a look at some of them.

Google AI Platform: Popular for its comprehensive tools and services, Google AI Platform supports both deep learning and machine learning models. Google Cloud Services allows seamless integration for organizations that want to scale AI solutions across large datasets.

AWS SageMaker: SageMaker supports a broad set of machine learning algorithms, including those for deep learning. It’s a fully managed service preferred by every developer and data scientist with the skills and proficiency to build, train, and deploy machine learning models. It’s not as user-friendly as other platforms, but it has more advanced features.

Azure Machine Learning: This Microsoft platform specifically caters to enterprise-level ML deployments. It offers more extensive model management tools and a strong emphasis on hybrid cloud environments. Users also have access to various ML frameworks and infrastructures.

IBM Watson: IBM Watson is known for its powerful cognitive capabilities. This technology incorporates advanced ML and data analysis but is best known for its strength in natural language processing and automated reasoning.

Comidor: A low-code digital modernization platform, Comidor is preferred by many users for its ease of use. It integrates AI and ML with Business Process Management (BPM), making it a fitting choice for organizations leveraging AI in their business processes. Because there’s no need for extensive coding skills, it provides various resources and cost benefits to its users.

Considerations in Choosing Machine Learning Platforms

Now that we’ve provided you with a list of top machine learning platforms, it’s crucial to choose the right one for your automation or process improvement project. Here are key criteria to consider ensuring you select a platform that best fits your needs:

1. Ease of Use: Look for platforms that offer user-friendly interfaces, clear documentation, and strong community support. There are many low- or no-code platforms that you can use, especially if your team does not have exposure to extensive machine learning experience.
2. Scalability: If you’re expecting growth shortly, opt for a platform that can adjust to the growth of your data and processing needs. Request a demo to ask if the platform can handle large datasets and complex computations without delays or disruptions. It would be difficult to migrate to a new platform once the old one slows down, so choose wisely!
3. Integration Capabilities: Most ML platforms now have integration options. But the question is, “To which systems and tools?” Learn whether it can work with the technologies you already use for data storage, databases, and even cloud services. With seamless integration capabilities, deploying ML models should be more straightforward.
4. Model Building and Training Tools: Despite built-in features, ML models will still need fine-tuning. If you don’t have an in-house team to handle these adjustments, you should at least make sure your platform comes with a complete suite of tools for building, training, and validation. This includes support for various algorithms, pre-built models, and automated features for model tuning.
5. Deployment Options: If you’re using the machine learning platform in production, it must adapt to various scenarios. It should be easily distributable whether on-premises, in the cloud, or in hybrid setups.
6. Security and Compliance: Depending on your location or industry, the platform needs to comply with various security standards and relevant regulations. This is especially important if you handle massive amounts of sensitive or personal data.
7. Data Preprocessing Features: When training your machine learning tools, you also need additional tools for data cleaning, transformation, and augmentation. This will allow you to enhance the system in case of additional variables.
8. Performance Monitoring and Maintenance: You can’t improve what you can’t observe, so pick a platform with robust monitoring features. This will allow you to maintain and upgrade the system without affecting your operation hours or performance.
9. Cost Effectiveness: Always ask for the overall cost of using the platform. Work with providers who are transparent and upfront with all the fees included, such as subscription fees, computation costs, and any other associated charges. Remember, you may compromise your ROI if the cost does not align with your budget.
10. Innovative and Cutting-Edge Technologies: The platform should be future-proofed with regular updates. When choosing an ML provider, ask about licenses and the expected years of support.

Integration With Other Technologies

Workflow Automation and BPM

ML platforms, workflow automation, and BPM work hand in hand to improve efficiency in the workplace and decision-making. ML analyzes large amounts of data to predict outcomes, and the results can be used in BPM tools to develop better business strategies. Having all this information will allow your business to pinpoint weaknesses in your processes and come up with ways to address them. Over time, you should be able to refine your processes further to get the best outcome that is aligned with your goals.

Intelligent Automation and Robotic Process Automation (RPA)

Companies use Robotic process automation (RPA) to handle repetitive tasks automatically. ML platforms boost these capabilities by adding AI to address more complex tasks and not just simple, routine jobs. If your tasks involve managing large-scale resources—such as processing and analyzing bulk emails, monitoring warehouse supplies, and receiving low-stock notifications—you’ll benefit from process management tools equipped with ML and AI capabilities. This will allow you to reduce errors and mitigate employee exhaustion over tasks considered “donkey work”.

Machine Learning in Digital Marketing

ML platforms revolutionize how companies optimize their online presence and improve engagement strategies. For instance, machine learning used in SEO services allows the analysis of vast datasets that predict consumer behavior. Companies also use for tailoring content and optimizing keyword strategies. The direct effect is higher search engine rankings and marketing campaigns that resonate with target audiences. Some digital marketing professionals even use ML to automate and refine ad placements and content recommendations to reach the right people.

Future Trends and Predictions

Machine learning is undergoing a rapid evolution, and we don’t see it stopping or slowing down any time soon. As we look towards the future, we see more reasons for organizations to get in on the trend as soon as possible. One of the most exciting trends is the increasing convergence of machine learning with big data technologies. We’re seeing this integration now but expect heightened accuracy and significantly reduced latency in these processes moving forward.

There’s also the integration of AI with blockchain technology. For companies in the financial and supply chain sector, we’re seeing more enhanced security and transparency in AI operations in the future. Ideally, the goal is to mitigate trust and security issues associated with AI deployments.

The future of ML is not just about technological growth but also about giving better access to these AI technologies. This enables a broader range of businesses to benefit from these innovations. The continued advancement in machine learning will lead to smarter, more autonomous applications that can fundamentally change how businesses operate and compete in the digital age.

Author Bio
Marc Bartolome is a seasoned Digital Marketing Strategist and Growth Consultant at SEO Services Australia, where he spearheads a dynamic team of experts. Known for his strategic acumen and innovative approach, Marc consistently achieves outstanding outcomes that surpass customer expectations. With a keen eye for emerging trends and a commitment to excellence, he ensures that every campaign not only reaches but also expands its intended impact.

The post Best Machine Learning Platforms in 2024 and How to Choose One appeared first on Comidor Low-code Automation Platform.

At least 74% of businesses have expressed a growing interest in adopting BPM, with 70% of surveyed companies already utilizing at least one process management application. However, in 2024, simply having a BPM system is no longer sufficient. Industry leaders are integrating AI tools as an essential part of their daily operations. So do BPM vendors, integrating the AI-powered features into their systems. So, if you’re striving to stay ahead of the curve, then it’s the right time to bring AI into your business processes.

We’ve tested, evaluated and compared the top AI-Powered BPM systems that rank high on trusted review sites, such as G2. Keep reading to choose the best fit for your company’s needs!

Top 5 BPM Systems Powered With AI

Here is a table where you can compare the top three BPM systems powered by AI.

5 Smart BPM Systems 2024: In-Depth Look

Now, let’s go through the detailed descriptions of the top 5 AI-powered BPM systems that have been earning 5-star reviews from verified users. We’ll explore how these products leverage AI and what benefits they can offer to your business.

1. Comidor

Rating: 4.8 out of 5 on G2.

Comidor has been helping businesses to undergo digital transformation and modernization for more than two decades. It’s an all-in-one Low-code BPM system that integrates cutting-edge technologies and features into a single platform. An important part of the Comidor platform is the integration of AI and ML technologies. The core modules of the system are:

• Cognitive Automation
• BPM and Workflow Automation
• Low-code/No-code App Development Environment
• Data Master Management
• NLP (natural language processing) Chatbot Leia

We have managed to create a unified intelligent platform where you can analyze, automate, and improve all aspects of your business. AI capabilities play a key role in this transformation. They enable you to build a holistic knowledge base that AI/ML models learn from. Once they learn how your organization works, they can provide accurate and specific recommendations. That’s, for example, the principle behind Leia, an NLP chatbot. Leia understands the user’s queries and gives clear, human-like responses based on the data stored in the system.

Comidor’s AI-driven features go beyond natural language processing capabilities. The integration of prescriptive and generative AI in low-code application development is just as impressive. Rather than building an app from scratch, both professional and citizen developers can simply issue a command to AI. That’s all it takes to get a ready-made application that can be further modified.

Finally, Comidor enables you make data-driven changes within your organization. You can use AI to track the workflow performance, analyze data, and make strategic decisions based on insights from the system in real-time. This is particularly useful for proactive risk management in workflow automation. Comidor notifies you about potential issues before they even arise.

2. Laserfiche

Rating: 4.7 out of 5 on G2.

Laserfiche is a reputable provider of BPM solutions that entered the market a long time ago—in 1987. Since then, it has been consistently upgrading its product portfolio.

The latest, 11 version of the Laserfiche, reflects the company’s innovation-driven approach. Just like Comidor, it has integrated AI into all of its core features. These include AI-based solutions for data management, low-code app development as well as advanced document and form recognition. Any business, regardless of size, can efficiently manage big data volumes with Laserfiche. The system processes both structured and unstructured data to make it searchable in one centralized place. The NLP and analysis capabilities of AI play a crucial role in this procedure. Paired with OCR, the intelligent document automation solution quickly transforms scanned documents into editable text, including hand-written ones. The cognitive capabilities also enable automated file organization and retrieval.

Laserfiche’s strength lies not only in its intelligent document management but also in low-code app development. On top of intuitive drag-and-drop functions and ready-to-use templates, the platform offers the RexBuilder tool. RexBuilder leverages AI capabilities to help you translate ideas written in natural language into code. It also serves as a virtual “consultant” that explains what highlighted pieces of code or diagram elements mean. You can dramatically reduce the time needed to build custom business apps of different complexity.

3. iGrafx Process360 Live

Rating: 4.6 out of 5 on G2.

Process360 Life, developed by iGraph, is a comprehensive intelligent process management platform. It comprises solutions for process mining, design, simulation, AI-based automation, and analysis. The system is quite similar to the products we’ve discussed before, especially in terms of AI integration and design. But there are some unique features you’d want to know about.

First, Process360 Life uses machine learning to train a chatbot that not only extracts information from your repository. It’s also able to execute commands and give suggestions on how to improve the process. You don’t need great prompt-building skills to make it do the job. Due to the fact that the bot is powered by NLP, you can tell it what you need in simple words.

The system also leverages NLP to respond to support and inquiry requests without human intervention through email, live chat, and messaging platforms. If your CS team is struggling with a high volume of repetitive inquiries, this feature can be a huge time-saver.

Another standout feature of Process360 Life is AI-based workflow automation. It helps you analyze, improve, and monitor existing processes as well as create new workflows that are more efficient and error-free.

4. Appian

Rating: 4.5 out of 5 on G2.

Appian is a low-code software development platform that provides multiple advanced solutions for business process management and automation. It offers complex AI tools that have a steep learning curve. Appian’s standout solution is a low-code app development platform with AI-copilot. Developers create user-friendly AI-powered apps taking advantage of the platform’s AI capabilities. The Appian’s Copilot creates workflows in response to simple instructions. You can then ask questions about your workflow, request necessary information, and receive AI-based suggestions to improve the app’s performance. It’s also possible to use Copilot for process mining.

What’s more impressive is that you can build and train your custom AI models on your business data. This lets you make Appian’s Copilot even “smarter.” The well-trained models can provide your team with more accurate and relevant suggestions.

Also, you can integrate AI into your workflows. For example, you can have AI analyze your emails to send only the relevant information needed for the next steps. The other, more “traditional” AI-powered features of Appian include document management, data unification, and analysis.

5. Nintex

Rating: 4.3 out of 5 on G2.

Nintex has put 15 years of experience into a powerful and user-friendly platform for BPM and low-code application development. Its portfolio includes AI-powered tools for data management, document generation, workflow building, and automation. You can easily generate documents in bulk using Nintex. All it takes is giving an accurate description of its content and structure. For faster results, users can use templates provided by Nintex to reduce manual work. The supported document formats include MS Office documents and Adobe PDF.

On top of that, Nintex offers an AI-translation tool that generates natural-sounding and accurate translations of your documents. This capability is embedded within the workflow and form building tools. If your business operates globally, this feature can greatly streamline collaboration between your teams.

AI-based workflow generation is another USP (unique selling point) of Nintex. This feature lets you create, edit, and automate workflows just by sending the right commands to AI. On top of the advanced generative capabilities, the system offers an NLP chatbot for quick data retrieval from a unified database.

Conclusion

The best AI-powered BPM systems go beyond the “simple” generative capabilities we are used to.These tools take on complex tasks to help your teams make data-driven decisions faster and more accurately. They are not just enhancing operational efficiency, but they’re also transforming how businesses innovate and adapt.

With Comidor, you can streamline workflows, automate repetitive tasks, and integrate AI tools to optimize your business processes effortlessly. Why wait? Take the next step towards transforming your business.

Try Comidor for free or book a personalized demo to see how AI-powered BPM can drive growth and efficiency in your organization.

The post The Best AI-Powered Business Process Management Systems appeared first on Comidor Low-code Automation Platform.

Business Process Management (BPM) has emerged as a strategic ally in enhancing business processes. BPM ensures businesses adapt to the dynamic market by optimizing workflows and enabling data-based decisions. Using BPM to manage your resources and enhance allocation helps streamline communication and improve product development quality.

Whether you develop in-house software or outsource your software requirements to build custom BPM software solutions, both help you achieve high-quality results and maximum revenue. Additionally, BPM automates parts of the process, ensures greater agility, and accelerates time to market.

In this article, we have listed the top 10 Business Process Management statistics to understand the significance of BPM in the modern business ecosystem. Learn why BPM software is important for all kinds of businesses.

The Top 10 BPM Statistics to Understand the Significance

Let’s explore the top 10 Business Process Management statistics you must know before adopting BPM for your business.

#1 $65.8 billion Market Size by 2032

The Business Process Management market is growing exponentially. It is currently valued at $15.4 billion, according to the research conducted by Allied Market Research.

The need for organizational excellence and reduced operational costs drive this increasing market size. This increase is also influenced by the evolving business landscape and the need to thrive in the digital realm.

#2 74% Claim Increased Interest in BPM

There has been a spike in interest in Business Process Management. At least 74% of businesses have shown an increased interest in adopting BPM. 70% of the businesses surveyed use at least one application for process management. 63% of businesses use two or more tools.

This statistic indicates the increasing use of BPM as businesses believe it can help them manage tasks and increase efficiency.

#3 Only 4% of Companies Track their Process

Of the organizations examined in a survey conducted in 2016, by Procesowcy.pl’s Lukasz Tartanus, only 69% had established processes for the BPM review. 4% of organizations measured them in detail. Businesses must understand that measuring the BPM and tracking it continuously can help enhance the processes. Knowing the processes or creating them isn’t enough. You must automate processes and track the process performance for continuous workflow optimization.

If you fail to manage the processes or deviate from your goals, you may not be able to accomplish them. Businesses must understand this statistic and ensure their procedures are fully documented.

#4 74% believe automation saves time

Process automation has helped businesses reallocate their resources to more strategic and defined tasks. At least 74% of IT and engineering leaders believe that automation saves close to 50% of their time. According to 51% of people, it can also help save costs.

62% of businesses use triggered actions to build their automation. Chatbots and AI have also joined the automation to enhance the processes. This indicates that businesses must use BPM to strategize and enhance automation outcomes.

#5 38% formalized the BPM programs

38% of the organizations measure the BPM in a formal manner, which increases the returns on investment.

When you have a formal tracking method, it becomes easier to understand what went wrong and how. These formal processes help you track with an end goal in mind, which results in successful processes and maximum returns. It is crucial to spend some time understanding the best ways to formalize the processes and align them with the goals.

#6 46% Resisted Change

Before you adopt a new process automation solution, your organization must be ready for the change. At least 46% of the surveyed people mentioned they were not ready for this change. This was a barrier to entry for the BPM solutions in the organization.

This resistance led to reduced returns on investment for organizations taking into consideration the competition.

#7 Lose $1.3 Million to Inefficiency

If you have been depending on manual processes or paperwork, you may experience inefficient systems. This inefficiency can result in recorded losses that can have a financial impact on your business.

At least $1.3 million was lost annually by businesses owing to inefficient processes. You must prepare your business to adopt automation for efficient processes. BPM is one way to solve inefficiencies.

#8 40% Reduction in Errors

Companies that have embraced Business Process Management have seen a reduction in their workload. Automation has helped them reduce manual intervention and the errors that arise from them. It has also helped them improve the quality of work and ensure better retention. At least 40% of organizations surveyed relayed they observed reduced errors and more precise decisions.

#9 Highest Adoption in BFSI

A good 35% of the banking, financial services, and insurance market segment adopted BPM to improve their processes.

Apart from the BFSI, healthcare, and retail also benefited from the automation.

#10 Spend 10% to Nearly 40% Time on Mundane Tasks

At least 70% of the C-Execs believe that they spend 10% to 40% of their work hours completing mundane tasks. This has led to an increased inefficiency at the top level, which hinders their work and decisions. Automating these tasks can help them increase productivity and accomplish their goals faster.

Conclusion

The modern business realm is continuously shifting, calling for greater agility and efficiency. Business Process Management statistics and BPM trends reveal that Business Process Management can shape industries and businesses as a catalyst that enhances the process times and accelerates time-to-market. BPM software can help define a clear trajectory for application development and mitigate the risks proactively. You can use automation to eliminate complexities and identify opportunities.

You need a good software development company to help you determine the ideal BPM solution for the business. Comidor can ensure the solution is perfectly aligned with your process needs and business goals, offering expertise and tailored support for optimal results. Our comprehensive approach integrates advanced technology with your unique business requirements, driving efficiency and fostering sustainable growth. With Comidor, you gain a strategic partner committed to elevating your business operations through innovative BPM solutions. Come in touch to schedule a demo call today!

The post 10 Must-Know Business Process Management Statistics appeared first on Comidor Low-code Automation Platform.

Fortunately, task management software can make a significant difference in keeping things organized and efficient. It provides a central hub for creating and tracking tasks, setting due dates and reminders, and monitoring progress.

This is a lifesaver for teams and individuals alike, as it helps you stay on top of your work and keep projects moving forward.

But what is task management software? Why is it important? And what are some of the best tools to consider?

In this article, you’ll learn all about task management and the benefits it brings to your daily business life. We’ll also dive into some of the top task management tools you might consider for your team.

Let’s get started!

What is Task Management Software?

Task management software is a process that facilitates the creation, tracking, and completion of tasks.

In a nutshell, it helps you manage, organize, prioritize, and assign tasks to different team members or teams. It also provides a central hub for tracking progress, setting due dates and reminders, and keeping everyone on the same page. Task Management software also typically includes useful features such as generating reports, tracking time spent on tasks, timesheets, and more.

Overall, task management software can help your team stay organized and on top of their work. You can use it for many different tasks, from organizing complex projects to maintaining daily to-do lists and as we said earlier, it can be used by individuals and teams alike.

That said, what are the benefits of task management software?

Why is Task Management Software important?

Task management software provides several benefits that improve productivity, efficiency, and communication.

For starters, it helps keep tasks organized and saves time. You can quickly create tasks and schedule due dates, and assign them to specific team members.

Here are some of the benefits of using task management software:

• Organizational prowess: Say goodbye to the chaos of scattered to-do lists and hello to the power of task management software. Easily prioritize and categorize your tasks in a centralized location.
• Collaborative wizardry: Work smarter, not harder! Task management software simplifies teamwork by allowing for efficient task assignment and real-time progress tracking.
• Time is of the essence: Time management is crucial to productivity. Task management software helps you set deadlines, receive reminders, and optimize your time management skills.
• Communication at its finest: Communication is key to success. With task management software, communicating with your team members and clients is streamlined, improving communication efficiency and reducing the need for multiple channels.
• Productivity on steroids: With all your tasks in one place, streamlined collaboration, optimized time management, and efficient communication, task management software helps you get more done in less time, unleashing your productivity potential.

Features to look for in Task Management Software

Before we get into the best tools out on the market, let’s take a look at some of the TOP task management software features you should be looking for.

Now this may vary depending on the type of tasks you’re managing and how many people will be using the software, but here are some important features to consider when choosing task management solutions:

• Intuitive interface: Look for a task management tool with an easy-to-use interface that allows you to quickly create and manage tasks, without feeling overwhelmed.
• Task prioritization: Make sure the tool provides various ways to organize your tasks, such as by project, due date, priority, or category.
• Collaboration features: If you’re working with a team, look for task management tools that allow for easy collaboration, including assigning tasks, commenting, and sharing files.
• Reminders and notifications: The ideal task management tool should be able to send reminders and notifications, so you never miss a deadline.
• Real-time updates: Stay up-to-date on your tasks with real-time updates, allowing you to quickly see changes made by you or your team members.
• Integration capabilities: Since most professionals use more than just one tool, look for task management tools that offer integration capabilities, allowing you to connect and streamline all your productivity tools.
• Reporting and analysis: Does the software offer reporting and analytics tools to help you analyze your performance?
• Task Automation: Task management tools should propose more and more process and task automation features to save time for users. For salespeople, for example, it would be to automate the sales process by scheduling emails, phone calls, and many more tasks.

These are just a few of the features that one should consider when selecting task management solutions. Ultimately, selecting the right tool should come down to understanding your unique tasks and needs and ensuring that the software you choose meets those requirements.

Best Task Management Software on the market

Now that you have your priorities straight, you can start exploring the different task management tools and find one that best suits your needs. Here are a couple of the top-rated task management software solutions on the market:

• Asana
• Comidor
• Monday
• ClickUp
• Wrike

Let’s find out a bit more about each one to see which one is the best fit for you.

Asana

Asana is a robust task management tool that offers a range of features for individuals and teams alike. With Asana, you can easily create and assign tasks, set due dates and priorities, and organize your work by project or team.

It also offers collaboration features such as commenting, file sharing, and a team inbox, making it easy for teams to work together efficiently. Asana also offers reporting and analysis tools, allowing you to track your progress over time.

Comidor

Comidor offers ready-to-use task and project management applications. Users can create tasks and assign them either to themselves or others in the company, based on group, team, or role. Tasks can be accessed and managed from the Notifications bar, Calendar, Timesheet, or Workbench. When setting up a task, users can specify its priority, link it to a process or project, and provide additional details. They can also set task repetitions to save time and boost productivity, ensuring everything stays on track. Moreover, Comidor enables setting reminders, sending automated notifications, and adding comments to any task, facilitating seamless collaboration. Lastly, through Task Reports, managers can monitor all tasks per user, their status, and track team performance.

Monday

Monday is an all-in-one task management solution that allows you to track and manage tasks, projects, and teams in one place. It is one of the most known tools as it is very user-friendly and offers a visual and intuitive interface.

With Monday, you can easily track your tasks, projects, and deadlines, and collaborate with your team in real time. The tool also offers various integrations with other services such as Google Drive, Dropbox, and Slack. What’s more, Monday provides reporting and analytics tools to help you track your progress and identify areas of improvement.

ClickUp

ClickUp is a great task management tool that offers awesome features for individuals and teams. With ClickUp, you can create and manage tasks, set reminders and due dates, and organize your work by project, priority, or status.

It also offers advanced features such as time tracking, custom workflows, and integrations with other productivity tools. Plus, ClickUp has a variety of views, like list view, board view, and calendar view, so you can manage your tasks in a way that suits you best.

Wrike

Lastly, the popular application Wrike is a comprehensive task management software that helps teams stay organized and productive. It offers features such as task creation, project planning, collaboration tools, and reporting.

Wrike also offers a range of integrations with tools such as G-Suite, Jira, and Salesforce. Plus, it provides an easy-to-use mobile app so you can manage your tasks on the go.

No matter which task management software you choose, remember that the most important factor is finding one that best fits your needs and goals.

Conclusion

Task management software is essential for anyone looking to increase their productivity. By selecting the right tool, you can manage and track tasks more efficiently and stay organized at work.

When choosing task management software, make sure to consider factors like user-friendliness, integrations, reporting tools, and pricing. We hope this article has helped make your decision about the right task management software for you. Good luck in making the perfect choice for your team! Happy task managing!

The post Best Task Management Software: Top features & 5 Tools List appeared first on Comidor Low-code Automation Platform.

1. Leverage Business Process Management Techniques

1.1 Why Should You Automate Business Processes in 2024?

• Boost team productivity: Automating your business processes frees up your employees from repetitive routines. Hence, they can have more time to handle more complex business aspects.
• Higher accuracy: Business process automation indicates a future where the reins of control are confidently handed over to computers, empowering efficiency and streamlining operations like never before.
Hence, it can reduce human errors and generate higher accuracy.
• Better customer relationships: Streamlining processes, especially customer-facing ones, also allows for instant responses, proactive support, and personalized engagements.
• Seamless scalability: You can effortlessly scale up your business as automated workflows adapt to changing demands without additional resources.

1.2 What Tools Should You Use?

• Workflow Automation Tools

You can adopt some workflow automation software offering pre-built connectors such as CRM (Customer Relationship Management System) and ERP (Enterprise Resource Planning). They can seamlessly integrate with existing systems, orchestrating tasks, routing information, and triggering actions automatically.

• AI/ML and RPA

Artificial Intelligence/Machine Learning (AI/ML) tools can learn from data, make decisions, adapt, and improve your business process. Robotic Process Automation (RPA) refers to the automation technology using digital robots or bots to handle manual work or tasks.

RPA tools can automate repetitive tasks such as inventory level tracking, purchase order generation, and warehousing process optimization. Meanwhile, AI/ML gets insights from in-depth analysis of historical sales data, seasonal trends, and external factors for more accurate demand forecasting. It can proactively adjust inventory levels to minimize stockouts and overstocking and streamline logistics accordingly.

Hence, your team has more time on more sophisticated tasks like strategy development rather than being stuck with tedious and time-consuming tasks.

• Business Process Management Software (BPM)

Business process management software can help you automate process mapping, reduce bottlenecks, and monitor real-time performance.

There will be unique advantages for your business if you combine BPM with RPA in your management. The combination enables you to integrate your existing systems with modern ones more efficiently. It will generate process improvement, which sets up for long-term development of your business.

2. Invest in Low-code Solutions

The Low-code Development Platform Market is projected to be valued at USD 16.17 billion in 2024 and is forecasted to surge to USD 62.15 billion by 2029, with a remarkable compound annual growth rate (CAGR) of 30.90% during the forecast period from 2024 to 2029

A low-code platform is a visual software development environment that allows you to build custom applications with minimal coding. Its big advantage lies in a drag-and-drop interface and pre-built components.

2.1 Why Should You Adopt Low-Code Applications in 2024?

• Increased productivity: Low-code applications remove the complexity of app development or adjustments. So, it makes the process happen roughly 6 to 20 times faster in many cases.
• Enhanced agility and innovation:
  • Your business users can join the creation of solutions for your applications easily thanks to the features of a low-code platform. It opens opportunities for citizen developers to participate in building basic applications.
  • Your pool of potential contributors can expand. It also results in a shorter feedback loop between identifying a problem and implementing a solution.
• Cost savings: By empowering citizen developers to build simple applications, you can reduce dependency on expensive coding resources.

2.2 What Tools Should You Use?

• Low-code application studios have features such as drag-and-drop functionality, enabling potential citizen developers to join the app development process. Besides, they can ensure the streamlined operations of the business apps while limiting errors during the process.
• Cloud integration allows you to upload your applications to the cloud and reuse them anywhere, anytime. Besides, your teams can easily access the essential information and data in the platform.
• Artificial Intelligence is a great combination with your low-code app development to automate the repetitive steps and proactively adapt to changes based on history data analysis.

3. Strengthen Security with Blockchain Technology

Blockchain is a distributed database or ledger facilitating the process of recording transactions and tracking assets. It is mostly used in cryptocurrency systems, yet many other industries apply blockchain technology to level up their business process management.

You can see the contribution of blockchain to the supply chain in tracking the movement of goods and materials by its immutable blockchain records. Besides, it offers smart contracts, which facilitate the automatic execution of agreements. It can profoundly reduce manual work and process bottlenecks.

In retail management’s security, blockchain can combat counterfeits by issuing unique digital identities for your products, verifiable on the chain. Explore the specific advantages of security that the technology helps your business below!

3.1 Why Should You Apply Blockchain Technology in 2024?

• Robust security and transparency: Blockchain’s data distributed across a network of nodes can protect sensitive customer data from breaches and unauthorized access.
• Advanced Counterfeit Detection: Each product on the blockchain can have a unique digital identity, which accelerates its authenticity verification. Thus, you don’t have to worry about counterfeit goods in your supply chain.
• Immutable Data Trail: Blockchain acts as a tamper-proof ledger, where every transaction and product movement is cryptographically secured and permanently recorded. It saves your business’s database from being altered or trapped in fraudulent activities.
• Enhanced Access Control: Blockchain tightly controls access to your data, as only authorized individuals can view or modify specific information. So, insider threats and unauthorized access attempts can profoundly drop.

3.2 What Tools Should You Use?

• Blockchain-as-a-Service (BaaS) platforms can simplify the process of blockchain application building and management without extensive infrastructure setup.
• Decentralized finance (DeFi) tools eliminate traditional intermediaries when you want to use financial services, e.g., lending, borrowing, and trading.
• Combining blockchain with artificial intelligence (AI) creates a powerful boost for your business by making productive processes and smooth operations.

4. Upgrade Your Production with Digital Twin Technology

The year 2024 will see digital twin technology becoming more than just a futuristic concept. Businesses across industries are leveraging their power to drive tangible benefits.

Digital twin virtually represents an object or system, spanning its lifecycle. The technology uses real-time data updates, simulation, and machine learning to support the process of your product design and production.

4.1 Why Should You Use Digital Twin Technology?

• Better product research and development (R&D): Digital twin technology allows you to test new designs and processes in a safe, virtual environment before physical implementation. Thus, it alleviates the process of product research and design in terms of its features and necessary refinements.
• Effective process creation: Digital twin technology can simulate different production systems, which eases your monitoring and selection of which models bring the highest efficiency.
• Optimizing energy consumption: Digital Twin supports you in tracking and analyzing energy usage to identify and implement efficiency measures. It also stimulates different scenarios to optimize production processes for sustainability.

4.2 What Tools Should You Use?

• Simulation and modeling tools can accurately model your physical systems’ behavior, incorporating physics-based simulations and scenario testing for robust predictions.
• Data analytics and visualization tools transform raw digital twin data into actionable insights, providing data cleaning, analysis, visualization, and predictive capabilities.

5. Implement a Cybersecurity Mesh Architecture

Cybersecurity Mesh Architecture (CSMA) is a collaborative and dynamic approach to ensure security across your business on digital platforms. You can think of CSMA as a web of interconnected and resilient defense against modern cyber threats.

The Gartner Report showed companies adopting a CSMA with security tools will undergo around 90% less financial impact by individual security incidents by 2024. Such an insight puts the cost-related benefits in the limelight. Is it all about its benefits?

5.1 Why Should You Implement a Cybersecurity Mesh Architecture?

• Comprehensive and proactive protection: CSMA’s distributed security fabric shows considerable advantages over traditional walls. The collaborative and interconnected ecosystem adapts to new threats faster and shares intelligence in real time.
• Consistent enforcement and optimal security posture: Its centralized dashboard enables you to monitor security policies and configurations across all connected solutions while quickly detecting cyber threats.
• Building up your customers’ trust: The robust and proactive adaptation to ransomware and supply chain vulnerabilities by CSMA can emphasize your commitment to customers’ data protection and security.

5.2 What Tools Should You Use?

• Identity and Access Management (IAM) is a centralized solution for managing user identities, enforcing access controls, and enabling single sign-on (SSO) and multi-factor authentication (MFA).
• Security Information and Event Management (SIEM) refers to a platform for collecting, analyzing, and correlating security data from various sources to detect threats and anomalies.
• Zero Trust Network Access (ZTNA) replaces traditional VPNs with secure, application-level access to resources based on user identity and device posture.
• Cloud Security Posture Management (CSPM) tools can monitor and manage cloud security risks, ensuring compliance with regulations and best practices.

6. Facilitate Data Integration

Data integration, as its name suggests, collects data from multiple sources across your business in one place for a holistic, accurate, and real-time dataset.

6.1 Why Should You Start Data Integration in 2024?

• Reduced errors and redundancies: Data consistency across systems minimizes duplication and human errors, saving time and resources.
• Improved resource allocation: You can gain real-time insights into resource utilization to optimize staffing, inventory, and budget allocation.
• Making better decisions: Data integration provides a more comprehensive view of your business or organization. So you can identify underlying trends, patterns, and issues to take timely actions.
• Effective business management: Information sync across various sources helps you take better control and management of your business.

6.2 What Tools Should You Use?

• ETL (Extract, Transform, Load) tools move data from sources to a destination, often a data warehouse, while cleansing and transforming it.
• Data Integration Platforms as a Service (iPaaS) are cloud-based platforms for connecting and integrating applications and data sources.
• Real-time data integration tools handle high-volume, fast-moving data streams for real-time analytics and decision-making. For example, an ecommerce POS is a popular tool to sync your eCommerce databases between online and offline stores.

Conclusion

The six modern business solutions above will provide your business with a competitive edge in 2024 and beyond because of their superior functionalities. We hope our thorough guidelines can equip you with essential information. As a result, you can effectively apply them to improve your business.

Being updated and having experts’ consultancy are two important factors to keep your business thriving in this competitive market. Contact us to have expert support with personalized vertical solutions to enhance your business management and development today.

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The one transformation that grabbed the most attention is how technology is rapidly evolving, and the technologies that seemed too far out of reach have become a part of our everyday lives!   

Businesses worldwide have started using intelligent tech tools and solutions to automate their business processes and enhance business productivity and efficiency.

The first step to success in the future workplace is knowing what is happening now and what’s anticipated for the future. This blog will take you through all the current and future remote work trends and how automation is disrupting workplaces globally. But first, let’s understand what workplace automation is and discuss some of its benefits. 

What is Workplace Automation – Definition and Benefits 

Organizations all over the world have undergone dramatic changes in the last few years.  

Teams working remotely started facing different remote work obstacles from those encountered in an office environment. Of course, if you consider working remotely now, you’ll undoubtedly be concerned with how to go about it. Automation can be a great help in this scenario and make life much easier. 

Workplace Automation is the process of using technology to automate certain routine business tasks, processes, and functions in the digital workplace. It involves the use of computers, robotics, and other automated systems to streamline and simplify operations and duties that were previously carried out by a human employee. This automation can reduce human error, improve efficiency and accuracy, reduce costs associated with manual labor by allowing companies to focus on higher-value activities, and ultimately increase productivity.

Additionally, workplace automation enables the implementation of numerous efficient techniques to lessen or eliminate any challenges associated with remote team collaboration. As we see, the benefits of workplace automation are numerous and include improved accuracy, increased productivity, reduced costs, and improved customer satisfaction. With the right automation tools in place, businesses can increase their competitive advantage and optimize their operations.

The Benefits of Automation for Businesses 

Let’s take a closer look at the advantages automation can bring to the workplace.

1. Saved Time and Energized Employees 

Performing repetitive tasks can be tedious and monotonous, leading to a lack of engagement and motivation. The experience of no longer relying on manual data transfers might energize employees. There might even be a sense of freedom among employees as there is lesser micromanaging from the supervising authorities. 

Employees can use the time left over to work on tasks that require analytical thinking, innovation, or human thought. 

You’re more likely to engage workers if you relieve them of their least favorite responsibilities because of their ability to accomplish more in less time. Then, you can even offer more employee benefits, such as on-the-job development training in the saved time to empower your staff as they will be energized and have improved competence and self-assurance.  

2. Smoother Workflow and Enhanced Collaboration 

You can create more fluid team collaborations and workflows by using process automation platforms. You can create transparent channels for communication within the remote team with the aid of automation. By doing this, you can avoid misunderstandings and increase team trust. 

Everyone can see what is happening and who is in charge of what with the right automation solution for business collaboration. This way, it is easier to maintain accountability when you aren’t in person. It also makes collaboration easier, particularly when the software enables multiple users to work on a project simultaneously.   

3. Lesser Scope for Errors  

Even highly skilled and experienced employees make mistakes. For instance, inattention, distraction, forgetfulness, and multitasking can impair your employees’ performance when carrying out routine tasks.  

Automation enables accuracy because machines and software do not err as humans do. It doesn’t even get distracted, dramatically reducing the possibility of blatant errors for businesses.  

4. More Support for the IT Department 

Maintaining security may be a concern for the IT team that works from home. Maintaining strict control of online security in an office setting is simpler. However, there is lesser control when members of your team work from home.  

Your IT teams can ensure that sound security procedures are followed using automation. They can have much time freed up by automating tasks like security monitoring and even basic support requests.  

While the robotic and AI-enabled solutions help in the background with tedious and manual tasks, they can concentrate on keeping the system running.

5. Greater Work Quality 

You selected your staff because of their qualifications and experience. Filling their time with administrative work is not in the company’s best interest. Along with their regular workload, remote workers must balance outside distractions. 

By eliminating the less important tasks like completing timesheets, creating client invoices, and composing internal and external emails, you can make it simpler for them to concentrate on the most crucial work. This can happen with business automation. 

The Future of Remote Work: The Current and Emerging Trends 

Work-from-home is here to stay and grow. According to workplace stress statistics, stress levels in the workplace were already high before the pandemic. Businesses do not want to heighten the situation by forcing workers back into the office. New working strategies, software, and remote work trends have assisted businesses in maintaining productivity while lowering infrastructural costs. The following are the top six trends for 2022 and beyond. 

1. HR Automation to Significantly Reduce Costs

When you switch to a remote working environment, it becomes immediately apparent that employees won’t be interacting with people from different teams and functions at the same pace. So here, decision-makers should begin concentrating on automating their HR and support functions, like hiring, onboarding, training, data analysis, and employee engagement. 

HR automation will significantly reduce support costs for an organization while enabling employees to use the available learning and development strategies effectively. More importantly, investing in automation can free up time that the HR team can use to hire, train, and manage new remote workers.  

2. Robotic Process Automation (RPA) is Becoming More Popular  

In this digital age, various business organizations and companies are utilizing bots and similar solutions to automate and streamline various business processes. A prime example of this is customer support through live chat. As software bots become more adept at handling various operational tasks, RPA will grow incredibly in the upcoming years.

3. Integrated Ecosystems 

The workplace is undergoing a significant digital transformation thanks to intelligent automation platforms that have been integrated into several business processes. In addition, the use of interconnected ecosystems helps organizations advance business-related tasks.   

94% of business professionals prefer a unified platform integrating their applications and building workflow automation than relying on several systems. 

For example, organizations can develop an app, implement technology, and integrate other ecosystems to provide their employees with quick access to the network of services and solutions they require to finish their jobs or other tasks.  

4. Utilizing Technology to Facilitate Communication and Teamwork  

In the past, collaboration and communication issues were among the biggest obstacles to remote work culture. A Statista report on the biggest struggles with remote working showed that 16% of people had difficulties with collaboration and communication in 2021. However, technological advancements are now more than ever enabling the culture of remote work. 

While team meeting platforms allow for communication and collaboration, managers can access the cloud for a real-time bird’s eye view of their workforce and critical business metrics. By 2024, only 25% of all business meetings will be face-to-face. 

5. Greater Emphasis on Cybersecurity Infrastructure 

According to studies, businesses have increased their investments in cybersecurity and are even using AI and Machine Learning to help them take the proper preventive security measures. The prevalence of remote work will further compel decision-makers to review their security plans to safeguard their priceless IT assets, data, and even remote workers from cyber criminals.

6. Greater Focus on the Welfare of Employees  

One of HR’s top priorities is ensuring the workforce’s well-being, and the work-from-home culture largely succeeds in this aspect. Since they are not constantly being watched, the employees are free to plan their workday around their personal and family obligations.  

As long as the work is completed on schedule and employees hit their goals, businesses don’t mind. However, many organizations have noted that some issues with the remote work culture include employee isolation, the inability to unplug, and other distractions at home.  

Business excellence in the future will depend heavily on giving organizations the ability to sense, learn, respond, and evolve like living organisms. This can be accomplished by a comprehensive but modular suite of services.  

Embracing Automation and Remote Work is the Way Forwards!  

Agility is essential for organizations undergoing digital transformation to adapt to a business and technology environment that is changing quickly. With a solid digital mindset supported by innovation, it is important to deliver on and surpass organizational expectations.  

You can create a workplace that innovates collaboratively for the future by providing remote workers and employers with intuitive and scalable decision-making, actionable insights based on real-time solutions, anytime/anywhere experience, and in-depth data visibility across functions. And therefore, embracing automation in the remote work culture is the way to success. 

Author’s bio:
With her academic background in journalism and mass communication, Shaurya works as a content writer for Wishup. She is someone who enjoys romanticizing the world in poetry while holding a camera and a pen in each hand.   

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Gartner Inc. is known for releasing research papers, which foresee the trends that will influence technology, IT, and businesses in the coming years. These automation trends reflect the changes that have been brought in by IT automation to enhance business productivity and customer experience. Businesses are looking for much-needed innovation and agility so that they can optimize their IT operations to deliver value-based KPIs while improving their overall profitability.

In this blog, we have covered Gartner’s 2023 technology trends, most relevant to intelligent IT automation. If you are an entrepreneur or an IT professional, then these trends will help you accelerate your digital business initiatives. 

Here we have some exciting stats about the IT automation trends: 

• By 2024, the improvements in digital workplaces and processes driven by IT automation will help organizations spend 30% of their time on IT operations management, and the rest on engineering and designing. 
• By 2024, IT automation will assist digital resources to spend 30% more time on engineering, as maintenance and endpoint support will be taken care of by automation tools. 
• By 2023, 40% of platform and product teams will utilize AIOps to reduce unplanned downtime by 20%.
• More than 80% of survey respondents maintained that the need for innovative digital services and products will increase in 2022-23. 

Top IT automation Trends 

1. LNCA (Low and No Code Automation)

This technology will be a game changer for enterprise-wide automation initiatives. Low-code/No-code Automation platforms allow business owners and users to develop and deploy enterprise apps with little or no coding expertise. 

As per Gartner, we may witness an almost 50% rise in enterprise automation using Low and No-Code Automation, as more organizations are poised to adopt this efficient and cost-effective method of automating applications and business processes.  

Gartner also predicts that by 2025, approximately 70% of enterprise applications will be developed using low-code or no-code technologies. 

It is a massive increase of 25% if we compare it with 2020. Furthermore, the Google engineering team maintains that by 2025, more than 50% of enterprise or business applications will be built by those who don’t consider themselves conventional developers (mostly known as citizen developers).

2. Hyperautomation

 It is a business-driven and disciplined approach to swiftly determine, validate, and automate IT and business processes with ease.  

It will continue to be a hot trend in enterprise automation in 2023. We may witness the rising adoption of Hyperautomation due to its wide range of use cases, which enables organizations to automate complex and industry-specific tasks and processes.   

Hyperautomation offers an unprecedented capability to learn from human behavior, which allows consultants to gain momentum due to its increasing capability to learn from humans and automate a large number of monotonous manual tasks and processes.  

 The usage of Hyperautomation will only increase further as businesses will leverage its capabilities to reduce the overall cost and enhance their process efficiency. 

3. Workflow Automation, Management, and Orchestration

In an increasingly competitive world, most enterprises are automating their workflows to extend the speed, efficiency, and agility of their business. Organizations are now aggressively adopting AI-aided decision-making and RPA (robotic process automation) to avail the benefits of automation.  

Furthermore, workflow orchestration and automation technologies are more in demand than ever before. There is a plethora of standalone low-code or No-code workflow tools in the market, which offer many exciting features and capabilities. 

For example, Comidor’s workflow automation engine is fully compliant with BPMN 2.0 and comes with AI and RPA capabilities, ready-to-use integrators, and more. Get rid of manual tasks and endless paperwork, and streamline your business processes, automate data manipulation, and get instant AI capabilities – no coding required. Take control of your workflows and start working smarter today.

4. Intelligent Document Processing 

Intelligent Document Processing (IDP) is another enterprise automation technology that has evolved dramatically in recent times. It enables users to understand the context and intent of the documents, and ensure better accuracy while automating the document-based processes. IDP improves document processing time, which ultimately enhances customer experiences. 

We are pretty much sure that most of the IDP service providers will extend their value proposition to incorporate Unstructured Data Processing (UDP) as a whole.  

While we already have innovative applications of Artificial Intelligence such as NLP, video analytics, and computer vision, UDP-driven solutions can help fetch unstructured data from different sources and process them. It can work on a plethora of data types such as text content, social media post, videos, and even phone calls.

5. API Management 

An application Programming Interface (API) is a code-based intermediary that allows two different apps to communicate with each other to perform a specific function. API plays an important role in the implementation of digital transformation and hyper-automation.  

APIs can automate the backend workflows and also expedite data transfer between numerous independent systems. 

API management tools and technologies have gradually become more valuable for enterprise automation, as they offer higher visibility into enterprise-wide functions and enable organizations to manage their APIs effectively and securely.  

This trend will only increase in 2023, as more organizations are poised to leverage the capabilities of APIs to kickstart their digital transformation initiatives. 

Three major takeaways from Gartner’s IT automation trend predictions: 

1. The adaption of IT automation is quickening at an unprecedented pace, with more enterprises and start-ups building completely automated value chains. 
2. The surge in data diversity will only push enterprises to adopt innovative computing and storage technologies. 
3. More IT leadership positions are emerging in the IT operations and Customer experience domain. 

Final Words  

 We are living in an era where automation is playing a pivotal role in the IT-led transformation of businesses across all industries. Enterprises are now embracing scaled automation solutions to avail the benefits of digital transformation to enhance their customer experiences while improving efficiency.   

We are pretty much sure that IT automation will be a critical factor for enterprises to drive innovation, devise competitive strategies, and get a niche edge ahead of their competitors.  

As an entrepreneur, leader, or IT professional, it is crucial for you to stay up to date on the latest technologies, IT automation trends, and tools. It will help you to leverage the capabilities of automation to avail the intended outcomes for your business. 

Author bio:
Gourav Sharma is a Digital Marketing Strategist at Arka Softwares, a leading Web, and Mobile app development company. He has 4 years of experience in the Information Technology industry. He spends his time reading about new trends in Digital Marketing and the latest app development technologies.

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