The flipside of improving efficiency is reducing waste. When organizations use too many disparate, disconnected systems, or rely on outdated manual processes for their workflows, then the amount of time and money being wasted starts to pile up.
Some of the key areas where waste occurs due to a lack of automated workflows includes:
Duplicative work and processes
Wasted time searching for critical information
Work done incorrectly due to out-of-date information
Extra communication needed between teams
Not only are time and resources wasted during a job, but waste occurs before work begins and after completion as well.
36% of survey respondents said that they are constantly on the search for new tools to assist with their workflows. Spending time researching new tools, meeting with vendors, and implementing new technology takes critical time away from planning and executing on complex projects.
Similarly, when a project is complete and it’s time to pull data for reporting, manual workflows make it almost impossible to gain a high-level view of the project and report on key metrics to stakeholders.
Implementing automated workflows reduces the amount of time project managers, analysts, and workers need to spend chasing information, tracking resources, or reporting on a project’s health.