Broken down into six megatrends, this year’s report takes a deep dive into trends in AI, citizen developers, tool sprawl, experience, data strategy, and to conclude, the rise of The New Automation Mindset. One of the main takeaways from the report is the use of generative AI in business processes skyrocketed by 400%. While it’s still reported that generative AI is less than 1% of enterprise spending, over the last year alone processes with generative AI grew by 400%, and generative AI endpoints grew by 500%.
“If 2023 was the year of AI, 2024 will most certainly be the year of Automation and AI. As we see more and more teams rapidly adopt the right guardrails, governorship, and tools to scale AI and Automation, IT teams have taken a strategic role in ensuring success across the business,” said Carter Busse, Chief Information Officer, Workato. “From revenue operation teams leading the adoption of generative AI tools to the citizen development trend continuing to show strong stability as more automation work is handled by teams outside of IT, we’ll continue to see this type of hyper-growth and adoption as automation and AI become more accessible.”
From finance becoming the most automated department to HR seeing the value in automation to help improve the employee experience, we’ll continue to see this type of growth and adoption as automation becomes more accessible across departments.”
This year’s report identified the following key findings:
“Over the last year, we’ve seen a rise in businesses embracing AI and automation. Leaders are becoming increasingly aware of how ingrained AI needs to be in our strategies, decisions, and digital transformations,” said Saiesh Prakash, Senior Manager, Enterprise Integrations at Coinbase. “With Workato’s Work Automation Index, we’re seeing this foundational shift take form, with RevOps and IT teams leading the race to adopt Generative AI. As more and more companies begin to experiment with AI and automation, we’ll continue to see more opportunities for all enterprises to scale these types of applications across entire organizations.”
Designed to uncover the workflows used and the role automation and AI play across departments and functions, this year’s Work Automation Index analyzed 1,055 midsize ($50M to $2B in annual revenue) to enterprise (over $2B in annual revenue) Workato customers who use automation in their businesses. This research was conducted using anonymized data sampled over 36 months from 2021 to 2023.
Click here to access the full report. To learn more about Workato’s AI-powered automation and integration solutions, visit www.workato.com.
Hashtag: #Workato
The issuer is solely responsible for the content of this announcement.
HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 24 December 2024 - JustMarkets…
BANGKOK, THAILAND - Media OutReach Newswire - 24 December 2024 - The Asia Corporate Excellence…
HOHHOT, CHINA - Media OutReach Newswire - 23 December 2024 - China's National Forestry and…
HONG KONG SAR - EQS Newswire - 23 December 2024 - Novautek Autonomous Driving Limited…
JAKARTA, INDONESIA - Media OutReach Newswire - 23 December 2024 - V-GREEN and PT Xanh…
Increase in opportunities predicted for high-speed optical transceivers and miniaturized connectivity solutions to address data-intensive…