Transformation in technology has always added new dimensions to businesses and it continues to do so. Mechanization to digitization and now to advanced automation, companies have always been impacted. But, in contemporary world scenario, the impact of rapidly changing technologies are not only limited to businesses. In fact, it has started to revolutionize the way businesses function and has also marked an unprecedented change in consumer behavior. Enabling companies in exploring innumerable growth opportunity, advanced automation solutions also introduced a transformational phase where the human workforce must learn new skills.
One such advanced technological solution is VCA, which is designed to enable businesses in growing and succeeding holistically. As it is required, VCA unifies human intelligence and programmed machines to maximize productivity and create true business value. With advanced automation technologies incredibly pervading the business world, a new McKinsey Global Institute report finds that in order to realize “Automation’s full potential” the human workforce and technology, both needs to converge. With this automation “will contribute to productivity, as it has done historically.”
Historically Proven Fact
Automation dates to around 250 B.C when Greeks and Romans developed water clocks and oil lamps. But automation as a term was developed in 1946 at Ford Motors Company Ltd. In post-world War-II days, automation underwent its most experimental phase. As a result, it transformed factories and businesses significantly.
Later with the dawn of Internet, automation was further empowered by digitization. The world stood at one single platform and businesses had a wider market share. Post-nineties era witnessed development of automation solutions such as ERP, CRM and BPM, which further made running of business functions uncomplicated. And now, advanced automation technologies are gradually taking over the market.
All these years, automation continuously generated new opportunities for businesses as well as the human workforce. Every time changing technologies are implemented, it brings a phase of transition, which takes time to settle down the fuss. But, thereafter, outcome is a new world with revived business functions and enormous job opportunities.
At present, customers are facilitated with super-fast data exchange, which makes them well informed. They feel happy to claim themselves tech-savvy. Running a business could have become uncomplicated but satisfying end users has grown to be a bigger challenge.
And, this growing imbalance of demand and supply and business performance and customer satisfaction has led to the creation of more effective business solution such as Value Creation Automation.
VCA is Here to Make Businesses Fit for Future
Value Creation Automation (VCA) framework is designed to support businesses in making processes and activities efficient at all fronts – operations, production and customer satisfaction. It incorporates methodologies that perform entire activities – right from setting up of organizational goals, identifying and eliminating problem areas and to delivering finished products and services to customers.
VCA is an end-to-end solution, which incorporates technologically advanced business model that enable businesses in creating value, besides realizing increased profit margin and productivity level. VCA integrates Software-as-a-Service (SaaS) business model, which is well recognized for curbing operational costs of business firms. By enabling in controlling operations and productions from a remote location, SaaS business model eliminates need to track task’s progress and other such activities manually.
With VCA entire business platform is digitized. It reduces paperwork and therefore ensures complete data security. From Onboarding of employees to sharing their performance review, informing them about bonuses and benefits – entire HR activities are automated. Similarly, maintaining financial record, generating bills and invoices, auditing and taxation – VCA automates financial activities along with all aspects of management.
Sharing of information and solving of queries can all be done in real-time and at one single platform. The reason being that VCA enabled business system facilitates both vertical and horizontal communication through various channels such as voice calls, chats, emails, SMS, Fax and much more. With this, businesses can successfully eliminate performance bottlenecks and achieve organizational goals within allocated time, budget and resources.
Unlike ERPs and CRMs, advanced automation solutions such as VCA automate and streamline processes that enable in setting up a seamless business workflow. It comes with a visual dashboard, which records every business transaction successfully and makes details readily available to Directors and Managers in real-time. It not only facilitates complete control on operational activities also ensures optimum resource utilization.
VCA is All-in-One Business Solution
VCA automates diverse business activities that for long required human intervention. This is also proved by McKinsey Global Institute report, which informs “Now, Artificial Intelligence (AI) is starting to encroach on activities that were previously assumed to require human judgment and experience.
Advanced business solutions such as VCA has made cognitive thinking a reality. Automated system performs exactly as a trained employee would.
It’s a proven historical fact that automation was never a destroyer of opportunities. It is only that people had to adjust with the phase of transition marked by technological changes and they still need to do the same. Technological change has always opened new growth dimensions for businesses. And, with advanced automation solutions, impact is going to be larger as along with businesses, it will enable people and economies to prosper in multiple directions.
Advanced automation solutions are set to start a new journey, where productivity of goods and services must be done with a breakneck speed. Moreover, with continuously changing behavior of customers, businesses need to set new process requirements. ERP or CRM business solutions cannot play a successful role because they have a rigid structure and updating them can be a costly affair. But on the contrary, advanced business solutions such as VCA are designed to quickly adapt to continuously changing process requirements. This helps companies in keeping the system up to date and in gaining competitive advantages even in long run.