Skip to main content

Your web browser is out of date. Update your browser for more security, speed and the best experience on this site.

Update your browser
Find out why custom scripting isn’t the time and cost saver you think it is. Join us for "The 7 Insidious Risks of Custom Automation Scripts".
REGISTER NOW
SMA Technologies Logo
  • Products

    Platform

    • OpCon Automation + Orchestration
    • Why OpCon
    • OpCon Pricing
    • OpCon FAQ

    Additional OpCon Functionality

    • Deploy Change Management
    • Self Service Empowerment
    • OpCon Vision Dashboard
    • OpCon Cloud
    • OpCon Managed File Transfer

    Services & Consulting

    • Automation Consulting
    • Managed Automation Services
    • Migration Success Services
  • Solutions

    By Industry

    • Banks
    • Insurance
    • Credit Union
    • CUSOs & Data Centers
    • Retail

    By Integration

    • View All Integrations
  • Resources

    Automation Resources

    • Blog
    • News

    Education

    • Innovation Lab
    • Webinars
    • Events
    • Training
    • eBooks
    • OpCon Certified Professional

    Client Case Studies

    • View All Case Studies
    • Achieva Credit Union
    • Ameritas
    • Frandsen Bank & Trust
    • Global Insurer
    • Jack Henry & Associates
    • Open Technology Solutions
    • Veridian Credit Union
  • About Us

    About SMA Technologies

    • About SMA Technologies
    • Getting Started
  • Contact

    Contact Us

    • Contact Us

    Request a Demo

    • Request a Demo

    Support

    • OpCon Support
    • OpCon User Community
    • United States

      +1 877 762 6584

    • Asia Pacific

      +64 800995012

    • France

      +33 (0)1 60 14 89 50

    • Italy

      +39 (0)2 62 03 30 76

    • New Zealand

      +64 800995012

    • Switzerland

      +41 (0)55 617 36 36

    • United Kingdom

      +44 2038 085244

    • Français

    • English

Request a Demo
  • Home
  • Blog
  • Automation Benefits
  • McKinsey Global Insights: Harnessing automation for a future that works

McKinsey Global Insights: Harnessing automation for a future that works

Read Time
1 mins
Filed Under
Automation Benefits
Last updated
Feb 16th, 2017
Share
Hundreds of organizations around the world rely on OpCon’s automation to improve performance and reduce errors and overhead costs. Our clients know that automation is a necessity to continue to grow and keep up with today’s changing business landscape.

The McKinsey Global Institute has been conducting research on automation and its potential impact on productivity in the global economy.

“The automation of activities can enable businesses to improve performance by reducing errors and improving quality and speed, and in some cases achieving outcomes that go beyond human capabilities. Automation also contributes to productivity, as it has done historically.”

Researchers asked what tasks, jobs and industries could benefit from automation, and what a potential rate of growth could be.

“Automation will change the daily work activities of everyone, from miners and landscapers to commercial bankers, fashion designers, welders, and CEOs. … And what will their impact be on employment and productivity in the global economy?”

Researchers found that, though almost every occupation has at least a partial automation potential, employees are not at risk of becoming obsolete: “As processes are transformed by the automation of individual activities, people will perform activities that complement the work that machines do, and vice versa.”

McKinsey estimates that in the next 50 years, automation could raise productivity growth from 0.8 to 1.4 percent. Today, McKinsey estimates that about half of all work tasks can be automated – a potential savings of $15 trillion.

This productivity growth estimate is a large one, but we believe it’s accurate. We’ve seen many of our clients experience triple-digit growth without adding any personnel or infrastructure resources simply through automating backend processes. Bringing this level of automation to the front office through self-service portals, GUI automation technology (RPA), intelligent monitoring and cognitively-reactive operations (AIOps) and, of course, actual robotics will push equally large growth figures with little additional resources. The future does look very exciting, and we can’t wait to create it.

Click here to read the McKinsey Global Institute study.

Have a question about automation? We’d love to hear from you.

Send us a message and someone will contact you as soon as possible.
<!--[if lte IE 8]> <script charset="utf-8" type="text/javascript" src="//js.hsforms.net/forms/v2-legacy.js"></script> <![endif]--> <script charset="utf-8" type="text/javascript" src="//js.hsforms.net/forms/v2.js"></script> <script> hbspt.forms.create({ region: "na1", portalId: "7300903", formId: "355225e6-6a3e-47c3-bf38-f1a5b13fe124" }); </script>

About

  • About SMA
  • Leadership
  • Careers
  • Contact Us
  • Request A Demo

Solutions

  • OpCon Automation
  • OpCon Deploy
  • Self Service Automation
  • OpCon Vision
  • Automation Consulting
  • Managed Automation Services

Resources

  • Blog
  • Training
  • OpCon Certification
  • Webinars
  • The Automator Newsletter
  • Sitemap

Support

  • Contact Support
  • Privacy Policy
  • Cookie Policy
  • Terms and Conditions
  • Sitemap

© SMA Technologies. All rights reserved, 2023