© Copyright Acquisition International 2024 - All Rights Reserved.

Article Image - Can Automation Help to Eradicate Human Error in the Workplace?
Posted 27th September 2022

Can Automation Help to Eradicate Human Error in the Workplace?

Each day, businesses across the country handle countless transactions and obtain vast amounts of data. Unfortunately, while processing and utilizing this data, the opportunity for human error is high. These mistakes can be costly.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Can Automation Help to Eradicate Human Error in the Workplace?
Automation

Written by Colin Dean, Major Accounts Director at M-Files

Each day, businesses across the country handle countless transactions and obtain vast amounts of data. Unfortunately,  while processing and utilizing this data, the opportunity for human error is high. These mistakes can be costly.

When it comes to obtaining data, human error has the potential to have financially damning results for a business. Gartner research placed the average yearly cost of poor data at $12.9 million in 2021. That year in the UK, organisations likely spent between 10% and 30% of their total revenues responding to data quality problems.

Whilst data has been labelled as overtaking oil as the world’s most valuable commodity, bad data can in fact prove costly to not only business operations, but its coffers as well.

 

Time to consider automation

Consider a manual process such as a financial controller; your business services its clients and at the end of each month invoices them for the work you delivered – as agreed upon. However, the presence of human error will always be lingering if automation is not placed at the centre of processes such as credit control. The financial controller may: send a late invoice, fill out incorrect details, or simply forget all together. The reality is that these errors will happen so long as human beings are undertaking these tasks. The power of automation can help provide seamless and efficient processes – saving businesses precious time and money – at a time when they are facing strong financial headwinds.

Being open to new technologies is a cornerstone to entrepreneurial success, and those businesses that are more resistant to new offerings are leaving themselves vulnerable to lagging behind the competition. New technological solutions can catalyse a dramatic improvement of productivity, staff and customer satisfaction, and any other factor that can impact a business’s growth.

 

Help is here when needed most

At a time when businesses slowly recover from the economic-bashing inflicted by covid, coupled with the deepening cost of living crisis – businesses simply can no longer afford to remain exposed to the threats posed by costly human errors.

The importance of offerings such as innovative information management solutions can now be seen as priceless to business operations. Applying digitalisation to your business’ document management – at a time when hybrid work is set to become a permanent fixture for many – will only add value to your business operations and eradicate human error.

 

Don’t neglect your information management

You can increase the efficiency of your business by creating a holistic view of all your data. Giving employees access to all relevant information to support decision-making is vital to a company’s success.  Businesses cannot afford to leave themselves exposed to the threat of siloes; employees need easy access to relevant information when they need it. Automation is vitally important to ensure employees are able to access correct workflow and information.

The use – and archiving – of information can be more efficient by automating user and access rights, information categorisation, version control and archival. Additionally, the inefficiency of manual processes can be removed by automating information workflows that support business processes. Manual work takes time, creates costs and is prone to human error. 

Automating workflow and information management ensures that documents will always be correctly shared from the correct user to the next. Allowing workers to gain easy access to correct information on demand. The alternative being the manual processing of information management typically leaves businesses vulnerable to human error through the creation of data siloes or even sharing incorrect information.

Cost-effective automation solutions are on-hand to help businesses navigate these challenging times. Gone are the days of automation being solely reserved for the deep pockets of larger businesses. Now, businesses of all sizes can automate key processes – saving time and money during a time when every penny matters.

Categories: Innovation, News


You Might Also Like
Read Full PostRead - Eye Icon
Transcosmos Acquires 100% Ownership of Social Gear, a Social Media Operational Support Company
M&A
20/05/2016Transcosmos Acquires 100% Ownership of Social Gear, a Social Media Operational Support Company

transcosmos inc. has made additional investment in SOCIAL GEAR PTE LTD (Headquarters: Singapore; CEO: Shunsuke Sato; hereafter, Social Gear), a company which provides social media operational support, and acquired 100% ownership of the company.

Read Full PostRead - Eye Icon
Digital Validation Drives Efficiency & Compliance in Life Sciences
News
29/01/2024Digital Validation Drives Efficiency & Compliance in Life Sciences

OnShore Technology Group (OnShore) is an independent validation and verification firm (IV&V) on a mission to become a leader in the global life sciences industry. As

Read Full PostRead - Eye Icon
Best for Employment Visa Advice – Colorado
Legal
17/05/2016Best for Employment Visa Advice – Colorado

Maria Lourdes Rodriguez, Esq. started Rodriguez Law Firm in 2005 after she realised the lack of trustworthy immigration lawyer advice in the Colorado region.

Read Full PostRead - Eye Icon
The Role of DevOps in Cloud Application Development
News
26/07/2024The Role of DevOps in Cloud Application Development

DevOps is a software engineering practice that is ideally suited to the demands of cloud computing. In a DevOps environment, developers work closely with IT operations and other cross-functional teams to streamline the software development lifecycle. This coll

Read Full PostRead - Eye Icon
Will the rise of cryptocurrencies make corporate fraud easier?
Finance
11/04/2018Will the rise of cryptocurrencies make corporate fraud easier?

It’s no exaggeration to say that 2017 was an historic year for cryptocurrencies.

Read Full PostRead - Eye Icon
Cyber Security Specialists Secure Success!
Innovation
22/07/2022Cyber Security Specialists Secure Success!

Information systems are the beating heart of how companies operate, and it is these companies that elevate nations to new and prosperous heights.

Read Full PostRead - Eye Icon
Leveraging Human Resource Software for Employee Feedback and Recognition
Innovation
02/08/2023Leveraging Human Resource Software for Employee Feedback and Recognition

In today's fast-paced and competitive business world, companies are increasingly realizing the importance of employee feedback and recognition to boost morale, productivity, and overall employee satisfaction.

Read Full PostRead - Eye Icon
How to Make Sure AI Works for Your Business
Innovation
16/05/2023How to Make Sure AI Works for Your Business

According to 2022 statistics from the government, there are 5.5 million SMEs in the UK making up 99% of the total business population. They are the backbone of a healthy economy and generate growth and employment opportunities.

Read Full PostRead - Eye Icon
The Role of the CIO Changing Thanks to AI and Digital Transformation
Innovation
24/05/2023The Role of the CIO Changing Thanks to AI and Digital Transformation

The chief information officer (CIO) is instrumental in helping companies use technology well and achieve stated goals. However, the role of the CIO is becoming significantly different than it once was.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow