Increasing productivity is essential for businesses to stay competitive. Automation can streamline processes, reduce human error, and free up staff for strategic projects.
Generative AI is already a differentiator.Automation Scorecard” reported the results of a survey it conducted of 893 executives around the world on how they are using Generation AI to reduce costs and improve productivity.
The report breaks down responses into two categories: “Leaders” plan to invest nearly four times more in generative AI than “Laggards” companies.
Artificial intelligence and machine learning can uncover patterns and trends that humans might miss, enabling faster, more informed decision-making.Global CEO SurveyThe CEO expects generative AI to improve significantly. Productivityrevenue, and bottom line profits.
The Bain & Company report looked at enterprise-wide automation in areas including HR, finance, marketing and sales, citing potential time savings such as: Marketing Activitiessales follow-up, payroll processing, and more. As a result, over 60% of Leaders and Laggards plan to “significantly” or “somewhat” increase their automation investments in the next 12 months.
Automation helps businesses of all sizes, not just global enterprise brands. A May 2024 survey by e-commerce software provider Brightpearl by Sage asked nearly 1,000 employees at U.S. retailers (online and brick-and-mortar) with annual revenues of $1 million to $100 million about the potential benefits of automation. On average, respondents spend about six hours per week on manual, repetitive tasks, impacting their overall productivity.
