Since 2019, the term 'hyperautomation' has been popping up in business circles. 

A decade ago, business owners were discussing how to automate single components—their marketing efforts, for example. Now, hyperautomation tools allow businesses to automate from the top down and across the board, streamlining processes and cutting costs while allowing employees to do their best work.

Tools like robotic processing, machine learning, and artificial intelligence are ushering in a new era of productivity and cost-savings for businesses. Here are the top three benefits of hyper automation.

1. Save Money

According to research firm Gartner, spending on robotic processing automation, a key tool for hyperautomation, will reach $2.9 billion in 2022. There's a simple reason for why so many companies are adopting the technology: hyperautomation saves businesses money and enables them to grow.

It used to be that automation tools meant a huge investment for businesses, making these tools more of a luxury than a foundation of one's enterprise. But today, the automation industry has grown to the point where businesses of all sizes can adopt the technology in a way that fits their needs. 

Here are some of the ways hyperautomation can save your business money:

• Increased worker productivity.
• Faster work speeds lead to better revenue growth.
• Improved efficiency/fewer wasted hours.
• More time for key employees to think and work creatively.
• Reduced number of human errors.

A Forbes article found that automation can save a business as much as $4 million when you calculate the number of worker minutes saved. The initial investment may be more than you're spending right now, but the ROI is there.

Analysts at Gartner, the firm that coined the term hyperautomation in 2019, estimate that power automation technologies can cut operating costs for a business by 30% in four years.

2. Streamlined Business Processes

Hyperautomation eliminates repetitive tasks and streamlines the tech tools and systems your workers use to do their jobs across every department. Faster work with fewer errors means more time to focus on other aspects of your business, such as honing in on new product ideas or attracting new customers. 

Employees being able to focus on higher-level, creative tasks also opens up doors to innovation and new product development that might not be possible with myriad action items to complete each day.

One of the keys to hyperautomation's effectiveness is its ability to integrate software into business processes. Interaction between the two makes data storage and accessibility much easier than it used to. 

Not only will your day-to-day be simpler right off the bat, but you'll be able to more accurately and quickly mine data in the future. This is one of the reasons Garnter predicts reduced operating costs in just four years.

3. Improved Business Agility

Whether you run a government entity or a startup SaaS company, agility is key in today's fast-paced work environment. Being able to pivot and adapt is more important than ever, and having tools available when they're needed makes change less scary.

Hyperautomation tools guarantee essentially limitless scalability. As you grow, they grow, and you can adapt the tools and the data they mine to meet your needs as they go.

Looking at the bigger picture for a growing company, hyper automation is also an incredibly effective marketing tool for attracting qualified candidates to your business. From program developers to business analysts, your workers will be able to execute at a fast-pace and on a high-level, which could be a boon for your business's growth goals.

One of the other keys to hyperautomation is that the tools don't just improve processes today. They're able to glean insights about how to work a little smarter and more efficiently tomorrow as well. As your tools get better, so too does your business.