Informally, business processes are the ‘things the organisation does’. These org
ID: 398969 • Letter: I
Question
Informally, business processes are the ‘things the organisation does’. These organisational activities are what create business value for the organisation. The way in which the organisation carries out these activities are critical to the business’s success. A business that is inefficient and/or ineffective in comparison to its competitors will likely not survive in the market. One way to improve efficiency and effectiveness is to use information technology to automate business processes. Business process automation is the technology-enabled automation of business processes.
With this in mind, you are required to research and write a comprehensive and detailed comment that describes and defines business process automation and the impact of business process automation upon two different industries and, after your own personal reflection, upon your career.
In your comment:
• Define and describe business process automation
• Compare and contrast the impact of business process automation upon two different industries: automobile industry and banking industry.
- Creat at least two criteria to compare and contrast these 2 industries
- Do not confuse Busniess Process Automation (BPA) with other things, such as Robotic Process Automation (RPA)
• Reflect upon the potential for business process automation to affect your possible future career, fund corporation manager, and what you might need to do as a consequence.
Explanation / Answer
Business Process automation: Technology enabled automation of various business is called as business process automation. This helps in increasing efficiency & accuracy of work. Business process automation results in huge future cost saving to the organization. Business process automation helps in streamlining of business and thereby simplify the process.
Generally business process automation can be used in areas where there is repetitive work, senor based tracking systems, manual tasks which are risky etc. Now a days due to excel in artificial intelligence field, various automation products with capability to take own decision are brought on the table.
Automobile sector:
Business process automation can be applied in logistic management of automobile sector. Generally logistic management involves tracking of goods in transit, routing of vehicles, inventory management, purchasing, billing etc. all these can be easily managed using business process automation.
There are many inventory software which helps companies to maintain robust supply chain. Best example for this is purchasing. Without automation, one has to keep track of inventory and raise purchase order when required. This process is labor intensive and are prone to human error. This can be replaced by single system which tracks inventory and auto release purchase order when inventory is less then requirement.
Impact of business process automation on automobile industry:
Impact of business process automation on automobile industry is huge. Automobile industry involves assembling of millions of parts, still companies do it efficiently because of automation. Due to automation, Automobile companies save millions of dollars in the form of reduction in wastage and employee expensis which make them more competitive.
Banking:
Banking sector involves handling of millions of transaction in a day, which is impossible for humans to handle manually. Banking sector offer various services like quick transfer of money from one country to another, which are practically impossible without automation.
Impact:
By automating all the processes banks reduce labor cost and human errors involved in their business. This as lead to millions of dollars in saving.
Business process automation leads to reduction of work force, hence this is also great treat to jobs of millions of people. As business process automation sector is developing various with invention of artificial intelligence various products are brought on the table. These products are capable of taking decisions based on inputs provided. Hence these are also treat to white collar jobs like fund manager etc.