Investcorp, a global provider and manager of alternative investment products, has outlined the key economic benefits and growth opportunities that could be brought about by a third wave of productivity improvements driven by digital automation in a newly released white paper, “Digital Process Automation: Driver of Future Economic Growth.”
In its latest Insights series, Investcorp explores the value creation opportunities that the growing digital automation industries present, looking to machine-learning, AI, data lakes and business applications. Digital automation addresses a critical need for most companies allowing them to increase output and optimize costs, leading to both new revenue opportunities and higher profitability.
Although the sector has shown itself to be crucial to growth and cost optimization, we have witnessed disparities in adoption levels across industries and geographies. With digital potential realization at only 12 percent in Europe, there is still significant white space, providing strong headroom for further penetration and scalability of these technologies.
The white paper concludes that automation technologies are transforming businesses and will contribute not only to economic growth via productivity gains but will also create significant growth opportunities for individual businesses exposed either directly or indirectly to digital transformation.
