MANAMA: Investcorp, a Bahrain-based alternative investment manager, outlined the key economic benefits and growth opportunities that could be brought about by a third wave of productivity improvements driven by digital automation.
In a newly released white paper, ‘Digital Process Automation: Driver of future economic growth’, Investcorp explores the value creation opportunities that the growing digital automation industries present, looking to machine-learning, AI, data lakes and business applications.
Digital automation addresses a critical need for most companies allowing them to increase output and optimise costs, leading to both new revenue opportunities and higher profitability.
Although the sector has shown itself to be crucial to growth and cost optimisation, the firm said it has seen disparities in adoption levels across industries and geographies.
With digital potential realisation at only 12pc in Europe, there is still significant space, providing strong headroom for further penetration and scalability of these technologies.
Investcorp’s European Private Equity business head Daniel Lopez-Cruz said, “The slow and uneven diffusion of digital technologies across companies and countries suggests that the digitalisation process is likely to accelerate, as digital acceptance in most firms and sectors becomes irresistible. We have identified automated technology as a mega-trend which will provide attractive investment opportunities over a very long period of time.”
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