The automation edge for High Tech
We discuss the full automation potential within internal business functions in the High Tech industry.
It’s no secret that automation is increasingly the engine behind better enterprise performance. In fact, it’s a critical part of a digital core which, in turn, is at the heart of what we call Total Enterprise Reinvention. Total Enterprise Reinvention is a deliberate strategy that aims to set a new performance frontier for High Tech companies to help drive growth and optimize operations.
Automation’s potential is especially promising in High Tech. High Tech companies have many repetitive operations that require extremely low margins of error. They match the profile of companies ripe for enterprise automation—namely, large, older companies built through M&A and consolidation. And their highly educated and skilled workers are more likely to feel comfortable with automation.
Whilst their highly educated and skilled workers are more likely to feel comfortable with automation. the High Tech industry is in a fierce war for talent which increases the incentive to embrace scalable solutions that serve as workforce multipliers, simplify operations, and improve employee experiences. A recent Accenture semiconductor industry research has identified the talent gap as an emerging obstacle to growth and recommends embedded automation as a key lever in alleviating demand for hard-to-reach engineering talent.
High Tech companies are well prepared for automation and are uniquely positioned to adopt advances quickly, for three key reasons:
In particular, High Tech companies’ Finance and IT organizations are ripe for automation due to their relative maturity in digitized business processes and cloud infrastructure. Many processes in these organizations are areas in which companies can get quick wins and capture value that can be reinvested in additional enterprise-wide automation initiatives.
Two great places to start:
But none of this is possible without trust, which is critical to the adoption of automation. Leaders must understand the drivers of trust and actively measure trust levels within their organizations to drive adoption and capture the full value potential. After all, the adage holds true: What gets measured gets fixed. It is important to have relevant metrics to measure success. Proven frameworks and methodologies are available to help High Tech companies measure trust so they can create a strong foundation on which they can build their automation efforts. This enables them to bring the same kind of innovation to their business processes as they do to the innovative, automation-enabled products High Tech companies’ chips make possible.