Reply to thread
Results 1 to 6 of 6

Thread: A Review on Business Process Automation

  1. #1 You can automatically minimize the read posts in your account in the 'Forum Settings'
    I just can't quit pips!
    I am:
     
    Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble's Avatar
    Join Date
    Feb 2019
    Posts
    4,944
    Accumulated bonus
    3598 USD (What is this?)
    Thanks
    3,883
    Thanked 4,307 Times in 2,434 Posts
    SubscribeSubscribe
    Subsribed 2

    Default A Review on Business Process Automation

    Advantages or benefits of Business Process Automation

    See also: Earn with no risks involved and no deposit required right now!

    The moment you automated your business processes, it wont be hard to see the benefits. One of these benefits is a boost in efficiency when you enhance access. When you business is stores on the cloud, it helps to access data irrespective of your location or device. It brings about transparency, accountability and visibility. The chance to monitor processes instantly will also assist when searching for error, fixing them the moment it happens. Due to less manual users, it will significantly increase turnaround and lessened cost.

    See also: Invest in the most successful traders. More details.

    Business Process Automation refers to the use of technology to solve recurring issues or operations in a business where manual effort can be replaced. It is carried out to reduce cost, increase productivity, as well as streamlined processes. Business Process Automation isnt the same with business process management, which is a broader topic that has to do with the management of complicated organization-broad processes with the use of various approaches.

    See also: Explore the infinite possibilities of online trading with a reliable broker. Join now!

    A good example of business process Automation is employee onboarding. While hiring employees may look like an easy task, it has to with different operations. Filling out employee data, setting up induction sessions, training them, opening of bank accounts and so on. Without the use of automation, the whole process will be complicated. But the use of business process automation will make sure its less stressful and more efficient.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  2. 1 user say Thank You to Yusfunoble for this useful post.
  3. #2 You can automatically minimize the read posts in your account in the 'Forum Settings'
    My charts talk to me!
    I am:
    ----
     
    Adeshola is a splendid one to behold Adeshola is a splendid one to behold Adeshola is a splendid one to behold Adeshola is a splendid one to behold Adeshola is a splendid one to behold Adeshola is a splendid one to behold Adeshola's Avatar
    Join Date
    Mar 2020
    Posts
    928
    Accumulated bonus
    1114 USD (What is this?)
    Thanks
    1,252
    Thanked 1,303 Times in 560 Posts
    SubscribeSubscribe
    Subsribed 1
    This post is sponsored by a content payout program available to anyone to participate.
    The system of Business Process Automation is an advanced way of applying the the division of labor sort of operation. This system conveniently deals with workloads that would have required a huge quantity of manpower. With the advancement in technology, the Business Process Automation can be used to do within a very short time what humans would do for longer periods. An obvious example of this system of operation is filling of online forms for different institutions, banks, applications for public work or other popular sectors. Rather than flooding this places queues, the registrations or applications can be done online and the forms are to be submitted in person later.

    Advantages.
    - Business Process Automation reduces stress and makes things easier to be done in a convenient and modern way.
    - Operations can be accessed anywhere without having to be present at the business location.

    See also: Earn with no risks involved and no deposit required right now!

    - Can be accessed any hours of the day.

    Disadvantage.
    - It decreases the level of employment that should be occupied by humans.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  4. 0 user say Thank You to Adeshola for this useful post.
  5. #3 You can automatically minimize the read posts in your account in the 'Forum Settings'
    Forum Master
    I am:
    ----
     
    dtvade has a reputation beyond repute dtvade has a reputation beyond repute dtvade has a reputation beyond repute dtvade has a reputation beyond repute dtvade has a reputation beyond repute dtvade has a reputation beyond repute dtvade has a reputation beyond repute dtvade has a reputation beyond repute dtvade has a reputation beyond repute dtvade has a reputation beyond repute dtvade has a reputation beyond repute dtvade's Avatar
    Join Date
    Jan 2018
    Posts
    7,806
    Accumulated bonus
    6505 USD (What is this?)
    Thanks
    11,485
    Thanked 21,805 Times in 3,817 Posts
    SubscribeSubscribe
    Subsribed 1
    This post is sponsored by a content payout program available to anyone to participate.
    A review on Business Process Automation

    Every business aims to make profits or have increased and improved performance. This can only be achieved by increasing the quality of service and the delivery process. All the series of input in terms of strategic management, business planning, advertisement, marketing, and all manners of expertise are purposely to achieve this. It is of no doubt that in todays business world, processes had been simplified and been made more economical, efficient, and effective with technology. The advancement of technology has brought new dimensions into businesses.

    There is a clear departure from the traditional way of doing business to the modern and digital. Businesses or transactions of all manners had been transformed with technological advancement. The digital application or transformation of businesses with technology is what is referred to as Business Process Automation (BPA).

    Name: BPA.PNG Views: 166 Size: 91.6 KB

    Knowing too well that business in the real sense is a day-to-day activity and the application of technology to it makes things or the tasks involved easier and faster. Business Process Automation is simply the use of the technology (digital) to automate recurring tasks. Business Process Automation has to do with integrating applications, restructuring resources (human, financial, and natural), and the effective use of software applications. It (Business Process Automation) is known and it has been proved to have an amazing ability to handle or be used effectively on complex and complicated business processes.

    See also: Wide range of InstaForex technical indicators.


    The growth of technology in these areas cannot be separated from the fast evolvement of Robotic Process Automation (optimal use or the application of Artificial Intelligence). It uses Artificial Intelligence that is of the capability to understand the natural language. Business Process Automation is being implemented today in every area of endeavour or economic, cultural, and political activity such as marketing, sales, management, banking, manufacturing, engineering, governance, and workflow in general to mention but few.

    Business Process Automation (BPA) is almost becoming the order of the day. It is of high necessity that it should be embraced because of the enormous benefits;
    -It leads to higher efficiency because human errors are reduced to the barest minimum level. It is known that human beings make mistakes which are unavoidable to a great extent. In the case of an automated process, there is very little or no mistake as long as the instructions programmed in are error-free. Increased efficiency will ultimately bring more profits and invariably leads to an increase in revenue
    -It reduces the costs of management through the elimination of paper-based file management and general reductions in different expenditures. The better for every Company when there is a drop in the expenditure. The profit margin automatically increases
    -It leads to a drastic reduction in the amount of labour time. The automation can handle a lot within the shortest period. The labour input in terms of hours will reduce though there may be a need for some expertise to put the automation in shape. The volumes of transactions that take place on a daily business world are not imaginable. This would have been far from being achievable with ordinary human labour.
    -It makes advertisement and marketing more effective. A large audience can be reached within the shortest period and may lead to conversion. Conversion will imply more profits for the Company which is the ultimate aim of a business
    -There is a very high level of stability is achievable. Processing steps are always followed strictly because the Automated Process follows guidelines rigidly. The stability comes in because the efficiency is on the increase and effectiveness. It becomes easier to make future projections even in terms of productions and profitability

    Try Forex indicators in MT4 with $ No Deposit Bonus now!

    -Overhead is reduced- With automation, the number of staff required for process gets reduced and some responsibilities are eliminated. They end up appearing to be of no use especially when it comes to paper-based file management. There are even some skilled jobs in the areas of programming, engineering, quality management and many more) that can be automated and thus the number of staff required is reduced drastically

    Transacting any business today without the input or consideration for Business Process automation may not go far. There may be little or no success without it and the place of it cannot be overemphasized. There is a great need for every individual, a corporate body, or the government to take advantage of it. It is already on in so many aspects of businesses in the world today and the more grounds are yet to be covered.

    To take advantage of Business Process Automation, there is a need for a very objective assessment of workflow and data inventory to ascertain where exorbitant costs are incurred. There may be so many operations that consume a lot of expenses which should have been the case with automation in place.

    Business Process Automation (BPA) requires the following steps;
    a. Creation of interface prototypes- This is about the layout of the detailed objectives. There should be a breakdown of this one after the other in terms of description. It should cover process diagram, data flow and interaction points
    b. Integrations of data banks and the systems to be used. The set of data should be subjected to analysis to determine the appropriate system for each section of the processes. All these should be following process designs

    See also: Wide range of InstaForex technical indicators.

    c. All business rules or parameters should be well considered in the process design
    d. There should be in place all the necessary information that would be used for Key Performance Indicators (KPI). These would be helpful from time to time when it comes to the evaluation of the effectiveness of the progress of the automation
    e. The process should be executed and observe the outcome or the result if they are satisfactory. If along the line they are not, then there should be a thorough review and reevaluation. This process in the world of Business Process Automation is referred to as Homologate
    f. Implementation/ Production- At this stage, all the necessary software or applications for the automation should be acquired and be put to work.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  6. 72 users say Thank You to dtvade for this useful post.
  7. #4 You can automatically minimize the read posts in your account in the 'Forum Settings'
    Banned
    I am:
     
    sentosa is a name known to all sentosa is a name known to all sentosa is a name known to all sentosa is a name known to all sentosa is a name known to all sentosa is a name known to all sentosa's Avatar
    Join Date
    Oct 2017
    Posts
    444
    Accumulated bonus
    4052 USD (What is this?)
    Thanks
    277
    Thanked 3,356 Times in 362 Posts
    SubscribeSubscribe
    Subsribed 3
    This post is sponsored by a content payout program available to anyone to participate.

    Default the pros and cons of automation

    Automation is the technique of running a process or process without human assistance. Automation or automatic control refers to the various control systems used to operate equipment such as: factory process machines, heat treatment furnace boilers, access to telephone networks, steering, stabilization of ships, aircraft, vehicles, Some processes are fully automated. Automation includes applications from household thermostats controlling boilers to large industrial control systems with tens of thousands of input measurements and output control signals. In terms of control complexity, this can range from simple switch control to multi-variable advanced algorithms. In the simplest type of automatic control loop, the controller compares the measured process value with the expected set value, and processes the resulting error signal to change multiple process inputs to keep the process in a set state. Despite the distraction. Closed loop control is the application of negative feedback to the system. The mathematical foundations of control theory began in the 18th century and developed rapidly in the 20th century.

    The world is a material whole, and material is the main factor that makes up this society. The development and progress of everything in this society will cause it to continue to change materially and produce different effects, so I always say that everything has two sides. It's like a "double edged sword." Science and technology also have advantages and disadvantages in the process of human development, and the development of automated production is also true.

    Automation is achieved in a number of ways, including mechanical, hydraulic, pneumatic, electrical, electronic and computer equipment, usually in combination. Complex systems such as modern factories, airplanes, and ships usually use all of these combined technologies. The benefits of automation include saving labor, saving electricity, reducing material costs, and improving quality, accuracy, and precision. Perhaps the most cited advantage in industrial automation is that it is associated with faster production and lower labor costs. Other benefits may replace strenuous, physical or monotonous work. Additionally, tasks in hazardous environments or beyond human capabilities can be accomplished by machines because they can even operate in extreme temperatures or in radioactive or toxic atmospheres. They can also be maintained through simple quality checks. However, not all tasks can be automated at present, and automation costs for some tasks are higher than for others. The initial costs of installing the machine at factory settings are high, and if system maintenance fails, it can cause the product itself to be lost. In addition, several studies seem to suggest that industrial automation may have a detrimental impact on business problems, including the displacement of workers due to systematic unemployment and the deterioration of complex environments;

    the development trend of automation

    the development of modern production and science and technology puts ever-increasing requirements for automation technology, and also provides the necessary conditions for technological innovation in automation. After the 1970s, automation began to develop towards complex control systems and sophisticated intelligent control, and is widely used in various fields such as national defense, scientific research, and economics to achieve large-scale automation, such as integrated automation systems for large enterprises, railways national. Automatic delivery system, national power grid automatic delivery system, air traffic control system, urban traffic control system, automatic command system, national economic management system, etc. The application of automation has expanded from engineering to non-technical fields, such as medical automation, population control, and economic management automation. Automation will more closely mimic human intelligence. Robots have been applied in various fields such as industrial production, marine development and space exploration. Expert systems have achieved remarkable results in medical diagnosis and geological exploration. Factory automation, office automation, home automation, and agricultural automation will be an important part of the new technological revolution and will grow rapidly.

    See also: Invest in the most successful traders. More details.



    The benefits of developing production automation

    1. Increased production efficiency from heavy manual labor or monotonous assembly lines.
    When we put automation into some strenuous manual labor or monotonous assembly line production, there's no fatigue and boredom from human operators, and this fatigue and boredom is exactly here. The main factors that reduce the productivity of human operators in the production of labor are similar. Apart from freeing people from heavy physical labor and monotonous work, it also greatly increases production efficiency.

    2. Working in an extreme environment is possible.
    Working in hazardous environments such as extreme temperatures or radioactive and toxic environments is deficient or impossible for human production. Wear heavy protective clothing, protective masks, and protective equipment. After complete facilities such as boots, not to mention the increasing difficulty of operation, we still cannot guarantee 100% safety for personal safety. When automation is incorporated into it, tasks beyond human capabilities become easy and feasible.

    See also: Earn with no risks involved and no deposit required right now!


    3. Effective production cost reduction.
    Automatic production speed is usually much faster than human operators to produce products, and labor costs are lower than manual operation of the same. And that can easily be combined with quality inspection and verification, reducing the number of unqualified parts. At the same time, it allows control in the statistical process to produce a more consistent and even completely consistent product. Apart from greatly increasing the productivity of the workforce, it also saves energy and materials, and improves quality accuracy and fidelity.

    4. The national economy can be improved.
    Automated production can be used as a catalyst for business or socio-economic improvement. For example, the gross national income and standard of living of Germany and Japan increased substantially in the 20th century, mainly due to the production of automatic weapons, automobiles, textiles and other export commodities.

    The disadvantage of developing automatic production

    See also: Explore the infinite possibilities of online trading with a reliable broker. Join now!

    1. The problem of labor tensions is exacerbated.
    People's discussion of the pros and cons of developing automated production was most focused on employment. It is often said that automation gets more job opportunities from humans. Since ancient times, products have been made according to personal needs: if a tool is needed, it is made by hand, then used to make more tools. With the passage of time, the industrial revolution and the development of science and technology, including advances in automation, the ability to make products with products and tools for making tools has gradually exploded, but skilled craftsmen can still only produce one type of product at a time. Therefore, it is a trend and an unavoidable choice to use a machine to replace the replaceable manual operating position, and then the operator who was originally in this position will be terminated. On the one hand, we understand the trend of technological developments, and on the other hand, how to properly tackle the employment of this group is a problem that must be dealt with head-on.

    2. Relatively high initial costs
    On the one hand, it is difficult to accurately predict the research and development costs of previous automated production processes. Since these costs have a large impact on profitability, it is possible to complete an automated process which is high cost, and it is found that there is no economic advantage in doing so, and the input costs are difficult to recover. On the other hand, automation of a new product or building a new factory requires a large initial investment, which is influenced by the entire industry and economic situation, and the return on investment of a company often fluctuates. Even machines whose development costs have recovered are prohibitive in terms of hardware and labor. This includes the need for a skilled maintenance department to maintain the normal working order of the automation system, maintain the continuous and stable operation of the automation system, and avoid production losses or production of defective parts.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  8. 28 users say Thank You to sentosa for this useful post.
  9. #5 You can automatically minimize the read posts in your account in the 'Forum Settings'
    MT5 Addict
    I am:
    ----
     
    mouy76 is a jewel in the rough mouy76 is a jewel in the rough mouy76 is a jewel in the rough mouy76 is a jewel in the rough mouy76's Avatar
    Join Date
    Mar 2019
    Posts
    633
    Accumulated bonus
    743 USD (What is this?)
    Thanks
    86
    Thanked 2,564 Times in 420 Posts
    SubscribeSubscribe
    Subsribed 0
    This post is sponsored by a content payout program available to anyone to participate.
    Automation is the approach of jogging a technique or process with out human assistance. Automation or automatic manipulate refers to the diverse manage structures used to perform gadget such as: manufacturing facility technique machines, heat treatment furnace boilers, access to cellphone networks, guidance, stabilization of ships, aircraft, motors, a few procedures are fully computerized. Automation includes applications from household thermostats controlling boilers to big commercial manipulate structures with tens of hundreds of input measurements and output manipulate alerts. In phrases of control complexity, this will variety from simple transfer manage to multi-variable superior algorithms. inside the best kind of computerized manipulate loop, the controller compares the measured method value with the anticipated set value, and processes the resulting blunders sign to alternate a couple of technique inputs to hold the system in a hard and fast country. notwithstanding the distraction. Closed loop control is the software of poor feedback to the gadget. The mathematical foundations of manipulate principle started out in the 18th century and advanced rapidly inside the twentieth century.the development of modern-day production and science and generation puts ever-growing requirements for automation technology, and additionally presents the vital conditions for technological innovation in automation. After the Seventies, automation started out to increase closer to complicated control structures and complicated sensible manage, and is broadly used in numerous fields which include national protection, medical research, and economics to reap huge-scale automation, inclusive of included automation systems for large establishments, railways countrywide. computerized shipping machine, national strength grid automated delivery gadget, air visitors manage gadget, city site visitors manipulate machine, automatic command device, country wide financial management machine, and so on. The software of automation has multiplied from engineering to non-technical fields, which include medical automation, populace manipulate, and financial control automation. Automation will greater closely mimic human intelligence. Robots have been carried out in numerous fields which include business manufacturing, marine improvement and area exploration. professional systems have accomplished incredible consequences in medical diagnosis and geological exploration. factory automation, workplace automation, domestic automation, and agricultural automation will be an crucial part of the new technological revolution and could grow hastily.


  10. 24 users say Thank You to mouy76 for this useful post.
  11. #6 You can automatically minimize the read posts in your account in the 'Forum Settings'
    FX Zombie
    I am:
     
    Danosahon has much to be proud of Danosahon has much to be proud of Danosahon has much to be proud of Danosahon has much to be proud of Danosahon has much to be proud of Danosahon has much to be proud of Danosahon has much to be proud of Danosahon has much to be proud of Danosahon has much to be proud of Danosahon's Avatar
    Join Date
    Aug 2019
    Posts
    2,625
    Accumulated bonus
    2650 USD (What is this?)
    Thanks
    1,169
    Thanked 2,408 Times in 953 Posts
    SubscribeSubscribe
    Subsribed 0
    This post is sponsored by a content payout program available to anyone to participate.
    What Is Automation In Business?

    Business process automation, sometimes called business automation or computerization, is basically the automated automation of a business process. It can streamline an organization for cost, attain new digital transformation, enhance service quality, reduce costs or include costs.

    The key to success with any business process is to create value first. It doesn't matter if the business is a hospital, retail store, law firm or grocery store. No business succeeds in a vacuum. When there is a process involved, it needs to be optimized by automation. If you use computers or other computerized devices to perform business operations, that increases the productivity of the organization.

    Many people may not even realize it, but most businesses run on a business process. Whether a small company or a large corporation, businesses use some kind of workflow or automation to complete tasks, process data, generate reports and to provide an efficient, safe working environment. For example, if a doctor takes X number of x-rays, the doctor's office uses automation to process and maintain the database and to make sure that the patient records are accurate and up-to-date.

    The same type of automation can be applied to a salesperson or manager, who performs a process on a daily basis. An employee's job may be to perform a sales transaction and turn a profit. However, this process requires certain skills that may not be available to all employees. If an employee performs this process manually, it would take a lot of time to perform and would require repetitive movements and manual adjustments.

    In a case like this, an automated system can be used to automate the process. With the use of a computer and software, the system can quickly and automatically conduct the process and turn in a report. The report can be automatically delivered to the salesperson or manager, who can then review it and act upon it.

    The process does not have to involve a specific number of sales transactions to be processed. A simple process can be performed by the system and result in significant savings in time and money, which can be passed along to the customer purchases.

    Computerization of processes can also be used to increase the productivity and profits in any organization. It is commonly referred to as a "win-win" situation for both the business and the employee.

    See also: Explore the infinite possibilities of online trading with a reliable broker. Join now!


    Businesses are always looking for new ways to reduce cost and increase efficiency and make things easier for their employees. Automation can help them do so. Computerization of processes is not a one-time investment; it can save money and time over many years.

    Automation can include both software and hardware. Software can be used to enhance the functions of an existing business process, while hardware can be used to perform multiple processes.

    Software can be used to automate the process of purchasing products and services. It can be used to simplify accounting and bookkeeping. It can also help reduce the cost and improve the time spent completing tasks such as invoicing and printing. In addition, software can be used to help track and analyze customer data, track sales transactions, generate reports and make inventory management easier.

    Hardware can be used to automate certain processes. It can help automate certain aspects of a business, including inventory, payroll, accounting and tax preparation, inventory control and inventory tracking and reporting.

    Hardware can be used to help improve a business process such as invoicing, payroll and bookkeeping. It can help track and analyze data, generate reports and print reports.

    Computerization can be used to simplify processes in other ways. It can help employees do their jobs more efficiently. It can make things simpler for customers and business partners, which can be beneficial for both employees and customers.

    Why Should A Business Engage In Automation?

    See also: Invest in the most successful traders. More details.

    If you are starting up a new business, you will want to get some form of automation into your business, or at least some way to automate things for the employees. There are a lot of different reasons that you may want to use automation, whether you need it for something specific, or just to help out your employees. I will give you three main reasons that you should be using automation in your business now.

    The first reason is that automation can save you money. Automation can allow you to save money on hiring and training employees, not to mention being able to track the progress of the program and make sure it is performing well. The way that you do this is that you have a program that is set up to keep track of everything and to alert you to things as they happen. This allows you to know exactly where you are at all times, as well as what needs to be done next to ensure the program is running correctly.

    The second reason to use the new technology is that you can get better productivity from your employees. Now, this is something that may seem a little scary, but you should understand that if you are constantly working and your employees are not working, you will end up losing money. Using automation, you can actually get your employees to work more efficiently and to perform their jobs without even realizing that there is a problem.

    The third reason to start using automation is that you can increase efficiency by using the same programs on a daily basis. You can also do it for a week or two and see if it is working and you can then run the program over the long term to ensure that you are still getting the results you want. This also allows you to make sure that the program is running in a way that maximizes your company and helps you to run more smoothly. So, if you want to use automation to ensure your company is running properly, and you want to make sure that everyone in your company is performing at a high level, then you should get an automation program to work with.

    These are just three reasons to get some type of automation into your business. There are a lot of different types of software to choose from and there are a lot of different ways you can use automation to improve your business. Whether you need a program that tracks employee performance or one that works to reduce the costs, there are a lot of different solutions out there, so you should really look into what they have to offer.

    The bottom line is that no matter what kind of business you are in, or whatever your purpose is for having a business, you should be thinking about whether automation is right for you. You can get a program that will automate certain areas of your business or you can choose to use one that is specific to a certain part of your business. However, you should always look into the reasons that I just gave you so that you can make sure that you are getting the right solution for the type of business you have. Hopefully, this article has given you some good reasons to think about the way your business is doing and why you should engage in automation in it today's market.

    Advantages

    1. Makes your performance better.

    See also: Earn with no risks involved and no deposit required right now!

    2. Makes the business increases profitability.

    Disadvantages.

    1. It is expensive to set up.
    2. Makes workers to lose their jobs.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  12. 1 user say Thank You to Danosahon for this useful post.
Reply to thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts