Automation is a broad concept that can encompass both physical and cognitive activities, as well as within a large number of different contexts. Catalytic is focused on people-friendly process automation. That means that we are focused on automation of repetitive processes, primarily within the workplace.
A recent McKinsey study provides a number of remarkable findings that should not be surprising to anyone in the workplace:
- “45 percent of work activities could be automated using already demonstrated technology.”
- “Fewer than 5 percent of occupations can be entirely automated while about 60 percent of occupations could have 30 percent or more of their constituent activities automated.”
- “Just 4 percent of the work activities across the US economy require creativity at a median human level of performance. Similarly, only 29 percent of work activities require a median human level of performance in sensing emotion.”
These facts point to a modern workplace that has become the digital equivalent of the pre-industrial factory -- where workers spend entirely too much time doing mundane, repetitive tasks. Catalytic has been purpose-built to address this problem. We focus on automating mundane, repetitive tasks so people can focus on higher value activities.
The primary benefits of using Catalytic for process automation include:
- Freeing up your team to do more meaningful work.
- Increase your speed of doing business.
- Improve the quality and reliability of your outcomes.
Process automation in the workplace is not a new concept; however, in the past few years, new technologies have powered a new wave of products. These products provide different capabilities to the modern automation professional. Different types of automation today include:
- Robotic Process Automation (RPA)
- Natural Language Processing and Natural Language Generation (NLP/NLG)
- Cognitive Agents
- Smart Workflows
- Machine Learning
Additionally, automation can be achieved via at least two other common approaches:
- Point systems often solve automation focused on workflows within their specific domain.
- More traditional IT technologies can be leveraged to create custom automation solutions.
Next, learn how to find automation opportunities to help your team.