International Journal of Advanced Multidisciplinary Research and Studies
Volume 4, Issue 6, 2024
The Role of Artificial Intelligence in Business Process Automation: A Model for Reducing Operational Costs and Enhancing Efficiency
Author(s): Favour Uche Ojika, Wilfred Oseremen Owobu, Olumese Anthony Abieba, Oluwafunmilayo Janet Esan, Bright Chibunna Ubamadu, Andrew Ifesinachi Daraojimba
DOI: https://doi.org/10.62225/2583049X.2024.4.6.4046
Abstract:
The integration of Artificial Intelligence (AI) in Business Process Automation (BPA) has become a cornerstone for modern organizations seeking to streamline operations, reduce costs, and enhance overall efficiency. This explores the role of AI in transforming traditional business processes through automation and examines its potential to optimize decision-making, improve productivity, and minimize human error. By leveraging AI technologies such as machine learning, natural language processing, and robotic process automation (RPA), businesses can automate repetitive, time-consuming tasks, allowing employees to focus on more strategic and value-added activities. The AI-driven automation model not only accelerates process execution but also provides valuable insights through data analysis, enhancing business intelligence and enabling proactive decision-making. Through case studies and real-world examples, this demonstrates how AI-driven BPA can significantly reduce operational costs by minimizing resource wastage, optimizing supply chain management, and improving customer service efficiency. Additionally, it highlights the challenges businesses face in adopting AI-powered automation, such as the need for specialized skills, the initial investment required, and data security concerns. Despite these challenges, the potential benefits of AI in business process automation ranging from increased accuracy to faster turnaround times are undeniable. This concludes by proposing a model for implementing AI in BPA, emphasizing a phased approach that includes employee training, technology integration, and continuous performance evaluation. Ultimately, the adoption of AI in business process automation represents a critical step toward achieving sustainable growth and a competitive advantage in the digital age.
Keywords: Artificial Intelligence, Business Process Automation, Model, Operational Costs, Efficiency
Pages: 1449-1462
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