Industry executives and experts share their predictions for 2022. Read them in this 14th annual VMblog.com series exclusive.
Automate to Innovate - Five Future of Work Trends
By Nancy Pekala, Vice President of Content Marketing and Strategy for Hinduja Global Solutions
The Great Resignation.
The Great Reshuffle. The Great
Reimagination. The Great
Reprioritization. Whatever name you
give the massive labor shifts that have been occurring this year, one thing is
clear. Organizations in every industry
are grappling with the fallout of a flood of employee resignations and the
resulting labor shortfalls.
In this past August alone, a record
4.3 million employees quit their jobs while multiple polls report that half
of employees are actively looking for a job.
As a result, the labor churn has left many businesses with no
choice but to ramp up their automation efforts.
A recent survey found
that 3 in 4 business owners are turning to automation in an effort to
permanently reduce labor needs. Research
from the IBM Institute for Business Value further reveals that the pandemic has
advanced the need for digital transformation in 59% of surveyed organizations.
Moving into 2022, businesses will be increasingly leveraging
sustainable solutions to automate work, improve employee experience and
maintain productivity. Automated
processes can address routine tasks, allowing remaining employees to focus on
the core job functions that matter most and perform work in a more efficient,
cost-effective manner.
As the future of work evolves in 2022, here are 5 key trends
that can effectively be addressed with automation.
1. Cultivating culture
of collaboration in a work-from-anywhere environment.
Prompted
by the pandemic and the resulting flood of resignations, companies will spend
2022 prioritizing the employee experience and creating quality employee
experiences to ensure they feel valued.
Organizations will need to proactively focus on building a sense
of belonging in a workforce that is increasingly dispersed, global and
mobile. According to Deloitte's
Future of Work study, more than two-thirds of those surveyed believe that company
culture will have a critically important impact on their organization's ability
to realize its mission and vision.
This means
organizations will need to increasingly provide digital collaboration tools
that can foster communication and cultural teaming. Indeed, more than two-thirds of executives
are predicting a move away from email and toward more sophisticated tools, with
virtual teaming capabilities across cultures representing a significant trend
in the next five years.
2. Reducing reliance on institutional
knowledge.
The labor churn has companies looking to automation solutions
to rely less on institutional knowledge.
A recent PwC's U.S. Pulse Survey found that
about half of executives want to reduce their dependence upon workers'
institutional knowledge over the next 12 to 18 months.
Leveraging Cognitive Productivity Automaton (CPA) solutions can help
generate data-based institutional knowledge across the organization. Using
artificial intelligence, CPA "trains" itself to perform specific tasks without
requiring users to switch applications. CPA's ability to adapt to individual
processes - without engineering involvement - makes the solution invaluable in
handling a high volume of small processes applied to unstructured data.
Additionally,
applying an Enterprise Information Management (EIM) strategy to process and
data management, organizations can retain hard-earned institutional knowledge
while creating a foundation to deploy scalable solutions, such as work
automation and business intelligence, that deliver a competitive advantage.
3.
Moving from siloed
automation to communities of practice.
Automation communities of practice provide a sense of belonging supported by a
foundation of shared goals. Moving
forward, many organizations will transition from a siloed automation approach
to one focusing on the creation of automation communities of practice. Instead of tasks being manually executed or
even automated in isolated pockets of an organization, an automation community
of practice lets everyone share their best ideas and build on each other's
work.
Automation communities of practice can help identify and
resolve gaps within the organization, discuss and disseminate developments in
the field and efficiently reuse assets that can lower expenses. For example, automation quality assurance
engineers that might have been spread across multiple departments in an
organization can define their community of practice to maintain and improve
automation best practices across the entire enterprise.
4. Facilitation
of access to data to improve document processing.
Improvements
in productivity will be tied, in part, to the ability of employees to access
reams of critical data and documents.
Digital Intelligence company ABBYY found that
61% of employees report their job is made more difficult by an inability to
easily access data in documents. Nearly
a quarter report losing a full day of productivity a week searching for
information to serve customers. Adopting
AI-powered workflow automation solutions can help improve productivity and
enhance employee experience.
5. Improvement
of transparency in communications.
In dispersed, work-from-anywhere environments, the need to keep everyone
informed with announcements, shifting policies and company messaging will
become more critical. Remote workers can
feel excluded from the rest of the company when missing out on important
communication. The Deloitte Future of Work survey found that 42 percent of
leaders report that putting in place more efficient decision-making structures
and tools is a critical culture change they expect to see within the next two
years.
The
time is now for organizations to plan for the future of work. Digital
transformation strategies that include process automation to help enhance
employee communication, collaboration and productivity are critical to
remaining competitive in volatile labor markets.
##
ABOUT
THE AUTHOR
Nancy Pekala
is the Vice President of Content Marketing and Strategy for Hinduja Global Solutions, focusing on and
leading content strategy, development and engagement for digital
transformation, innovation and technology solutions. Prior to this role, Nancy
has held a number of executive content leadership positions including at Grant
Thornton, where she focused on innovation, technology advisory services and
digital transformation. She also has served as a content, digital and social
media consultant for a variety of brands in the finance, education and
nonprofit industries.