Can enterprises be made recession-proof by leveraging technologies such as Intelligent Automation? The recent Zinnov survey of 250 CXOs of global enterprises reveals that Intelligent Automation (IA) is the top technology priority within enterprise digital transformation charters. IA has the capacity to reshape the way organizations conduct business, helping streamline business processes, and improve customer engagement among other business benefits.
According to the US Department of Agriculture, the price of food rose by 11.4% in 2022 — the highest yearly percent change since 1974 – and it is expected to rise by another 8.6% in 2023. If salaries don’t keep up with such rising prices, countries are bound towards a recession. In this context, it is important to understand how enterprises can ensure business stability, continuous innovation, and stay abreast of emerging trends.
In this joint Zinnov-Nintex whitepaper, we explore strategies for not just surviving, but thriving in economic downturns with Intelligent Automation. Our analysis reveals that taking proactive measures to recession-proof the business, rather than simply reacting to an economic downturn, is key.
Intelligent Automation enhances productivity when used in tandem with a capable workforce. Organizations need to ensure that they are up-to-date with the latest technologies and industry trends, which in turn will enable them to move towards the recession-proof state.
Some other themes that we explore in the study, with an Intelligent Automation lens, include –
To fully reap the benefits of IA, enterprises should build a structured roadmap with an integrated plan that defines the vision, develops skills, and taps into the external ecosystem with effective change management and governance. By taking a proactive and strategic approach, enterprises can not only survive but also emerge stronger from an economic recession.
If you’re looking to build a strategy to recession-proof your enterprise or even contemplating why you should invest in Intelligent Automation, read this whitepaper.