For years CEOs and Managing Partners have been focused on boosting productivity through the implementation of new systems.
These systems have often been referred to as Enterprise Resource Planning (ERP) systems or other so called lean initiatives.
While these projects often provided results, they didn’t happen quickly. Most involved payback periods in the range of 2 to 5 years.
Intelligent Automation (IA) is now changing that in a significant way.
Payback periods leveraging Intelligent Automation (IA) can now be measured in months not years.
But why is the payback period so much shorter?
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The rate of adoption for these technologies is much stronger. The profit margins are higher (+10-15%) and free cash flow is accelerating much faster. Combining all of these factors means a greatly reduced payback period.
Intelligent Automation is the best opportunity in a long time for firms to invest and see improvements MUCH sooner than ever before.
PS. Read more about the insights from McKinsey.