Creating a competitive advantage with AI-first automation

Creating a competitive advantage with AI-first automation

November 30, 2024

The Rise of Automation in Business Operations

For the past decade, automation has become a must-have for organizations looking to increase efficiency, improve results, and deliver lasting value. A Pew Research study back in 2018 claimed the majority of average citizens across 10 countries were worried about automation. Since then, studies have been conducted by experts, including from the World Economic Forum and Wharton, to show that automation and AI are set to create more jobs for organizations that embrace the transformation. And, ultimately, automation improves product and service quality rather than negatively impacting the workforce and employee experiences. 

This is the first of a series of articles about the rise of automation in business operations. More specifically, we will dive into AI automation, the competitive edge it brings, real life examples, and ideas for measuring ROI - all in a quest to help organizations increase product and service quality and the employee experience.

Understanding the Top 3 Competitive Edge AI-first Automation Brings

Building a sustainable and winning business means operating smart, fast, and lean. Below is a look at three ways AI-first automation can deliver a competitive edge.

Competitive Edge 1. Enhancing Customer Experience

Automation empowers companies to deliver fast, accurate, and personalized experiences that boost customer satisfaction and loyalty. By leveraging data to tailor interactions, businesses can engage customers at scale while maintaining a personal touch. AI-driven workflows provide instant, around-the-clock support with a level of consistency that minimizes errors and builds trust. This reliability strengthens loyalty, allowing businesses to stand out with superior customer service. Through AI-first automation, companies can truly differentiate themselves by delivering an exceptional customer experience.

Competitive Edge 2. Reducing Operational Costs with Automation

AI-enabled workflows can automate entire processes, cutting operational costs by reducing human errors that can lead to costly mistakes. This automation also frees employees to focus on more strategic, meaningful work. By enhancing accuracy and efficiency in areas like bookkeeping and inventory management, end-to-end automation creates lasting impact across all levels of the business, from frontlines to boardrooms. Ultimately, companies achieve more consistent results while using fewer resources.

Competitive Edge 3. Unlocking Time for High-Impact Work

AI-enabled automation frees employees entirely up from repetitive tasks, allowing them to focus on projects that drive growth and innovation. With fewer routine responsibilities, teams can devote more time to strategic initiatives like product development and customer engagement. This shift boosts job satisfaction, as employees find their work more meaningful and engaging. The flexibility gained from automation also makes businesses more agile and adaptable to changing environments. By unlocking time for high-impact work, automation enhances both productivity and morale.


Identifying Key Business Processes Ripe for Automation

AI-first automation offers potential across various business processes. Here are three key areas where it can drive the most meaningful impact:

  1. Data Entry: While OCR technology initially promised to eliminate tedious data entry, it has fallen short due to high costs, technical complexity, and limited accuracy (typically around 60-80%). As a result, many companies still rely on manual data entry—a costly approach that becomes unsustainable in the face of labor shortages, rising wages, and the need to improve employee experience. AI solutions like fileAI are now changing the game, achieving up to 99.9% accuracy and making data entry automation a viable reality.
  2. Customer Support: Customer support is a powerful way for brands to differentiate themselves by delivering exceptional, memorable experiences. However, many companies struggle to meet customer expectations due to inconsistencies in response quality and speed. AI automation addresses these challenges, offering 24x7 processing for customer inquiries and issues. In advanced cases such as insurance claims or loan processing, FileAI’s end-to-end automation ensures that service is always available, allowing companies to respond promptly and efficiently.
  3. Workflow Management: Robotic Process Automation (RPA) once promised seamless workflow automation, but its high costs and technical demands have limited its scalability. Businesses often spend significant resources maintaining and updating RPA rules and logic. With next-generation AI tools like FileAI, users can prompt documents and define custom extraction fields, enabling unprecedented flexibility, accuracy, and productivity in workflow management—without the ongoing maintenance burden.

Real-World Examples: How Businesses Gain a Competitive Edge with Automation 

  • Accounting
  • Logistics
  • Insurance Claims

Measuring the ROI of Automation Initiatives

While there are many KPIs for evaluating automation’s ROI, here are four we frequently recommend to our customers:

  1. Labor Cost Savings: Use a stopwatch approach to track before-and-after time spent on tasks, converting saved hours into dollar value based on wages and overhead. This metric is especially useful for organizations reducing outsourcing or redeploying their workforce.
  2. Error Reduction and Cost of Rework: Track error rates before and after automation and assign a cost to each error, such as lost time or corrective actions. This KPI is ideal for processes with outsized impact by clerical errors, like inventory management or PO reconciliation.
  3. Process Speed and Turnaround Time: Measure the time saved in completing processes and assess potential productivity or customer satisfaction gains. We recommend this where slow turnaround times have affected the customer experience.
  4. Scalability and Capacity for Growth: Calculate the change in process capacity and determine how much extra volume can be handled without increasing costs. This is especially relevant for rapidly growing companies aiming to control costs while meeting rising demand.

Embrace Automation to Stay Ahead

In today’s business landscape, AI-first automation is a critical driver of competitive advantage. By automating key processes like customer service, data entry, and workflow management, companies save time, reduce costs, and enhance customer experiences—all while empowering employees and increasing growth potential.

To stay ahead, follow our blog on LinkedIn and explore this series. Each article dives deeper into how AI automation is transforming industries like banking, insurance, and logistics, and reshaping teams in finance, accounting, and beyond. Don’t miss these insights into the future of AI-first automation business success.

Creating a competitive advantage with AI-first automation

In today’s business landscape, AI-first automation is a critical driver of competitive advantage. Explore how automating key processes like customer service, data entry, and workflow management, companies save time, reduce costs, and enhance customer experiences—all while empowering employees and increasing growth potential.

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