Does Hyperautomation Present Security Risks for Your Business?

Creating a startup can be challenging. You only have a few employees, so your company requires a lot of effort from each individual. With evolving technology, automation can make your life easier by taking human action out of the equation.

By DEVIN PARTIDA

The next step above automation is hyperautomation, which you may find helpful for your startup. This guide will tell you what hyperautomation is, its benefits, and what it means for your company’s cybersecurity.

What Is Hyperautomation?

Hyperautomation happens when developers combine artificial intelligence (AI), machine learning (ML), and robotic process automation (RPA) to automate a process fully, thus taking the human element out of the equation. This software can mimic a human’s decision-making abilities and act in a human’s place. Companies use hyperautomation to make processes more efficient, save time and money, and quickly push innovation to the next level.

The growth of hyperautomation has been quite fast in recent years. In 2020, the market grew to $481 billion, which should come close to $600 billion by the end of 2022. Hyperautomation has transformed from something that’s nice to have into a necessity for industries in a post-pandemic world.

What Are the Benefits of Hyperautomation?

Hyperautomation has aided society by presenting new opportunities for growth in the technological world. Some of the benefits of hyperautomation include:

Higher productivity: Productivity means a lot across all industries. With hyperautomation, companies can do a lot more with a lot less. Hyperautomation takes the human element out of processes and makes them much more time-efficient. Supply chain issues have become an issue since the pandemic, and hyperautomation is one way to mitigate bottlenecks.

Energy allocation: When running a startup, you don’t have the infrastructure that a multinational corporation does. You only have a handful of employees to run the whole company. Using hyperautomation whenever possible frees up your time to focus on other parts of the business instead of something software can handle for you. Your startup can use hyperautomation to manage finances and operations, and then it can grow into other departments as you master the practice.

Analytics: One of the essential benefits of hyperautomation is its ability to drive analytics. Companies are constantly trying to deduce what areas are lacking and what needs improvement. Business leaders can use data to transform their businesses by getting insights from it. The insights come from hyperautomation software that can process and analyze a lot of data much faster than a human can.

Does Hyperautomation Present Security Risks?

While it comes with challenges, hyperautomation can be effective in cybersecurity in today’s world. Cybercriminals have become more sophisticated in their attacks and have started using software such as AI. Since early 2020, cybersecurity has become a much larger focus for companies, considering professionals have seen a 63% rise in cybersecurity attacks since the COVID-19 pandemic began.

One use of hyperautomation to fight cyberattacks is information sharing. Data protection systems become much safer when platforms share information with each other on attacks. For example, your startup’s data protection system may have a threshold where it can detect a cyberattack coming. In that case, the software will help mitigate a ransomware attack by securing files and closing down servers.

Hyperautomation is helpful because it can detect threats faster than any human can. It provides monitoring and action 24/7, relieving information technology (IT) departments that can relegate some processes to hyperautomation software. This technology also provides assessments of security risks and how to prioritize them. Hyperautomation uses predictive analytics and can give IT departments a better understanding of patch dependability statistics.

The Future of Automation Is Here

Over time, humans have used all kinds of inventions to make life easier. The goal for centuries has been to work smarter, not harder. Hyperautomation is just the latest example of this innovation. This market is worth almost $600 billion and only climbs higher every year. Hyperautomation can reinvent processes in many industries and can be a solution in fighting cybersecurity attacks in companies like your startup.