Find Hidden Profit Gems Automating Innovation Secret
The Financial Benefits of Automation
One of the most compelling reasons to automate innovation is the potential for significant financial gains. By reducing the time and resources required to develop new products, companies can bring them to market faster, capturing a larger share of the market and increasing their revenue. Additionally, automation can lead to substantial cost savings by minimizing the need for manual labor and reducing the likelihood of human error.
According to a study by McKinsey & Company, businesses that successfully implement automation can reduce costs by up to 30%1. This reduction in expenses, combined with increased revenue from faster innovation cycles, can significantly boost a company's bottom line.