What is Automation?

  • Automation

    What is Automation?

    Posted by Chris Argent on 6 January 2023 at 5:34 PM

    Automation is the use of technology to perform tasks without the need for human intervention. Automation can be used to control a variety of processes, including transactional processing, reporting and analysis, and communication.

    There are different types of automation, including:

    1. Discrete automation: This type of automation involves performing specific tasks in a precise, step-by-step manner. It is often used in spreadsheeting, eg: an Excel Macro

    2. Process automation: This type of automation involves controlling an entire process, such as a accounts payable or reporting process. It is often used in a desktop automation using an automation studio. I call them macro Macro’s.

    3. Cognitive automation: This type of automation involves using artificial intelligence and machine learning to perform tasks that would normally require human judgment or decision-making. It is often used at decision points in process automation, “do we pay this invoice or not?” and is sometimes referred to as unsupervised automation due to the lack of human involvement.

    Automation can be used to improve efficiency, reduce costs, and increase the speed and accuracy of tasks. However, it can also lead to job displacement if machines or algorithms are able to perform the tasks previously done by humans.

    CFOs are using automation to “create time” for existing teams to respond to increased business demand and lead the future of accounting and finance agenda.

    Chris Argent replied 2 years, 6 months ago 1 Member · 2 Replies
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