K2, the leader in intelligent process automation, announced the results of the recent Harris Poll “Accelerating Automation: How Businesses are Adapting to a Post-COVID World” survey. The survey reveals how business leaders are adapting to COVID-19, how they are preparing for business continuity in the future and the value of automation technology to meet customer expectations.
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“Even before COVID-19, companies recognized the need to accelerate the pace of digital transformation. The impact of the pandemic has made it even more challenging as we are seeing close to fifty-percent of companies still using manual and paper-based processes, which puts them at a competitive disadvantage,” said Carlos Carvajal, chief marketing officer at K2. “In this new work environment there is a renewed sense of urgency for companies to accelerate the automation of their business processes to drive operational efficiency and improve their customer experience.”
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According to the survey results, 92 percent of business leaders agree that to survive and flourish, companies must enable digital channels and process automation in the workplace. Across industries and countries, it is clear that process automation and digitization are viewed as critical to long-term organizational success. However, it is equally apparent that achieving the desired end state is no easy task. Eighty-six percent of businesses say they face one or more key barriers to process automation. The complexity of process automation is the top challenge. However, limited budgets are also a common roadblock.
The Impact of COVID-19
The COVID-19 pandemic has shaken most businesses to their core – forcing a complete departure from ‘status quo’. Businesses are prioritizing the development of new, automated processes to address COVID-19 realities, but only seven percent are prepared to deal with the breadth of issues COVID-19 brings.
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