• December 2, 2022
Report: 77% of Businesses Will Increase Automation Budgets in 2023

More than three quarters of organizations polled in a new survey indicate they will increase their automation budgets in the next 12 months. According to the third annual Automation Now & Next report from Automation Anywhere, 77 percent of companies said they plan to devote more resources to automation in 2023 and one quarter of those polled indicated the increase will be at least 25 percent from this year.

Disruptions to the supply chain that began with the pandemic and have persisted into 2022, are forcing companies to look for ways to introduce efficiency and resilience, according to Mihir Shukla, CEO and Co-Founder of Automation Anywhere.

“We’re seeing things we never thought we would experience in our lifetime – and that’s forcing companies to rapidly adapt and understand how to remain agile for unexpected events and scale their automation strategies amid ongoing disruptions,” said Mihir Shukla, CEO and Co-Founder of Automation Anywhere. “Our third Automation Now & Next Report revealed that intelligent automation is the prevailing technology that is proving to be the most crucial asset for businesses in every sector across the globe. As a result, organizations are dramatically increasing budgets to support new automation initiatives.”

Other key findings in the report include:

  • 94% of respondents state automation is helping address supply chain issues

  • 61 % of respondents strongly agree that automation has helped address staffing shortages

  • 70% of companies state that 30% of their work across business functions can be automated

Download a copy of the report here.