Insights On The Future Of Hyperautomation

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Despite encouraging efforts driven by the governments to create thriving digital ecosystems, most enterprises in Southeast Asia continue to be stuck in the first stage of RPA, which is desktop task automation, said Cyclone Robotics.

According to Gartner, hyperautomation is a business-driven, disciplined approach that organisations use to rapidly identify, vet, and automate as many business and IT processes as possible. The process involves the orchestrated use of multiple technologies, tools, or platforms, including AI, machine learning, robotic process automation (RPA), business process management/intelligent business process management suites, and many more.

Gartner also identified hyperautomation as one of the top strategic technology trends of 2022, with 90 percent of large organisations globally having adopted RPA in some form. It was noted that RPA, supported by an architecture of Artificial Intelligence (AI), is key to a successful deployment of hyperautomation.

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Photo: Vincent Gao. Photo credit: Cyclone Robotics.

To explore more about how this emerging tech trend will impact business operations in the digital era, we invited Cyclone Robotics, an industry leader dedicated to driving the future of hyperautomation, to get more insights.

“We believe that hyperautomation is the future of RPA and a key driver to proliferating enterprises digital transformation.”

Vincent Gao, founder and CEO of Cyclone Robotics

Cyclone Robotics is a China-based software technology company that offers robotic process automation software and solutions. Recently (16 November 2021), it has completed a US$150 million Round C financing led by CMC Capital and Goldman Sachs Asset Management. The company said it is the largest-ever individual financing round in China’s RPA industry that will go towards amplifying two core pillars that will bolster the company’s hyperautomation capabilities and products, i.e., advancing product development of RPA capabilities, and expanding global partnerships.

We asked Vincent Gao, founder and CEO of Cyclone Robotics, to share more details about the recent financing and insights into hyperautomation trends in Southeast Asia (SEA).

According to Gao, many ASEAN countries including Singapore, Malaysia, and Indonesia have announced their national strategy for digital transformation. Despite encouraging efforts driven by the governments to create thriving digital ecosystems, Gao points out that most enterprises in Southeast Asia continue to be stuck in the first stage of RPA, which is desktop task automation.

“This is largely because vendors are unable to provide enablement and services which affects product enablement, becoming the main obstacle to the enterprises’ digital transformation journey,” Gao said.
“Under the trend of RPA, we see many enterprises crossing from the previous experience with digital automation for simple tasks automation, to demand more wider automation capabilities in their business, with more speed and lower total cost of ownership. Additionally, Cyclone’s RPA Technology can fit enterprises’ existing needs and is able to run across platforms including Windows, Linux, Mac, and Android. This allows us to help a wider group of industries with their digital transformation needs by catering to existing applications and software.”

Referring to a recent news in October 2021, when Singapore announced new phases of the Smart City Initiatives established in 2019 with Shenzhen, China, Gao identified “robotics development” as one of its three key focus areas. He also mentioned that was why Cyclone considers Southeast Asia a strategic growth region.

“With our ability to advance products, provide service, enablement, and training, we can help enterprises scale their automation processes,” Gao explained.

Gao also shared that the company has recently launched its enterprise-level product portfolio with end-to-end automation solutions, which includes an innovative AI Skill platform that supports multiple forms of AI capabilities spanning software to hardware, seamlessly connecting the workforce, digital robots and enterprise systems. He indicated, “With a strong product portfolio, Cyclone Robotics can fulfill enterprises’ current demands, but also be well-poised to enable scalability in the future.”

Cyclone Robotics’ Plans Towards The Recent US$150 Million Round C Financing

“With more than 20 products supporting hyperautomation, Cyclone is driven to provide end-to-end automation solutions, covering the entire lifecycle of digital transformation, including phases of requirements discovery, design, management and engagement,” Gao said.

“We’re committed to investing in this next era of hyperautomation and will continue our US$20 million investment in research and development to further develop low-code, process-mining, AI and BI capabilities. This funding will help accelerate our global partnership ecosystem to drive business growth and scale partner values. By enhancing our suite of training resources, enablement and fast-response services, we aim to leverage our advanced product solutions and extensive partnership networks, and strive to grow the business both in scope and depth, cementing our position as a leader in RPA and hyperautomation.”

Advancing Product Development Capabilities And Expanding Global Partnerships

We asked Gao how would the plans towards the successful Round C financing will benefit the region’s industries. Gao explained, “This latest round of funding will not only allow us to bring hyperautomation to more industries and sectors as we amplify enterprises’ progress in advancing their digital transformation, but also allow us to extend in-depth empowerment to some of the automating B2B industries which we have a strong track record in, such as Manufacturing (Volvo and Gemu), Finance and Banking (Bank of China), Energy (State Grid Corporation of China) and Healthcare (Novartis).”
“We believe that hyperautomation is the future of RPA and a key driver to proliferating enterprises digital transformation.”

Against the backdrop of pandemic-imposed challenges such as increasing labour cost, demand to improve workflow efficiencies, and innovative technology challenges, Gao noted, “We believe that RPA and hyperautomation technology will comprehensively bridge the gaps between myriads of internal and external software and systems, collect and centralise data to empower businesses with new capabilities. It is also a key driver to alleviating the future workforce from repetitive work and greatly improving enterprise operation efficiency.”

-End-

Related Articles:
Hyperautomation – What’s The Hype?
Exclusive interview with Vincent Gao about hyperautomation trends in Southeast Asia

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