Workflow Management Statistics 2024 – Everything You Need to Know

• 41%of businesses with a high project failure rate blame a lack of involvement from higher ups in project management. ^[6]
• Over62%of highperforming companies use real time document editing and file version control features Unmet or unclear task dependencies account for12%of project failures. ^[6]
• The top five causes of project failure are Change in the organization’s priorities (39%). ^[2]
• For such large IT projects, functionality issues and schedule overruns are the top two causes of failure (at 22% and 28% respectively). ^[2]

Workflow Management Adoption Statistics

• Still, use of true AI in BPA is relatively low, though it has accelerated considerably in recent years, with enterprise AI adoption up 25%, according to McKinsey’s 2019 Global AI survey. ^[4]
• Despite its impact, adoption rates for PM software remains low . ^[2]

Workflow Management Latest Statistics

• 43%of businesses say that they plan to reduce their workforce due to technology integration. ^[0]
• Conversely, however, 34% plan to expand their workforce due to technology integration. ^[0]
• Over80%of business leaders report that they are speeding up work process automation and expanding their use of remote work. ^[0]
• 50%of business leaders say that they’re planning to accelerate the automation of repetitive tasks within their organization. ^[0]
• Gartner predicts that69%of all managerial work will be automated by 2024. ^[0]
• 31%of organizations are worried about labor displacement and job loss that could come from job automation and artificial intelligence. ^[0]
• 7 to 24%of currently employed women and 8 to 28% of men may need to transition into different skill sets due to shifts in labor demands caused by automation. ^[0]
• 73%of IT leaders say that thanks to automation success, employees are saving between 10 and 50% of the time they previously spent doing manual tasks. ^[0]
• IT leaders say that automation technology saves departments between 10 and 50% on costs previously associated with manual processing. ^[0]
• 51%of automation initiatives are aimed at boosting efficiency. ^[0]
• 42%of business leaders agree that workflow automation speeds up the completion of repetitive tasks. ^[0]
• 78%of business leaders believe that automating tasks in the organization increases productivity for everyone involved. ^[0]
• 85%of business leaders believe that automating some of the workload will give them and their employees more time to focus on the goals that truly matter to the company. ^[0]
• 50%of companies are already using AI for at least one business function. ^[0]
• 25%of organizations are currently using AI in their process automation efforts, while 53% plan to implement this soon. ^[0]
• Strategy is important43%of AI high performers have a clearly defined AI vision and strategy. ^[0]
• 24%of organizations are using AI to enhance product development. ^[0]
• 15%of companies are using AI to optimize yield, efficiency, and throughput in manufacturing. ^[0]
• 62%of organizations are using AI to support IT operations, while 54% use it to improve business process efficiency, 48% are supporting manufacturing operations, and 49% are using AI for research and product development. ^[0]
• 45%of companies use AI to reduce business costs. ^[0]
• 38%of companies are implementing machine learning to reduce costs, while 34% want to improve the customer experience, 26% are looking to reduce churn, and 17% want to increase conversion rates. ^[0]
• 66%of companies have increased their revenue by deploying AI technology. ^[0]
• Budgets from $500k to $5 million have increased by55%yearon. ^[0]
• 48%of organizations are working on installing business process automation solutions that specifically automate management of manual tasks. ^[0]
• 67%of organizations are implementing business process automation solutions that increase endto end visibility across different systems. ^[0]
• 95%of businesses need to manage unstructured data –– 40% need to do so regularly. ^[0]
• 59%of big data professionals say their organizations are increasing investment in big data. ^[0]
• 30%of organizations are investing in big data to modernize their IT systems, while 23% are looking to make cost savings, and 20% are trying to accelerate business growth. ^[0]
• 45%of companies using big data operate at least part of the data on the cloud. ^[0]
• In fact, it’s estimated that 67% of enterprise infrastructure will be cloud based by the end of 2020. ^[0]
• 45%of human resources departments are focusing on intelligent or process automation over the next year. ^[0]
• 70%of business leaders believe that an automation tool could help them build more effective teams. ^[0]
• 61%of decision makers believe that automation technology could help hiring managers pick the right talent for the job. ^[0]
• 10%of companies are using AI to optimize talent management. ^[0]
• 56%of HR departments have increased their revenue by using AI technology. ^[0]
• Only2%of companies are using sales automation for sales order fulfillment. ^[0]
• 36%of companies use automation to generate sales quotes. ^[0]
• 34%of organizations are using automated guided self. ^[0]
• 60%of customer service professionals say that most of their recommendations for the next best action are automated. ^[0]
• 38%of customer service reps say their organization uses chatbots to automate customer service interactions. ^[0]
• 25%of global data and analytics decision makers said their firm lacks an overall vision or strategy for automation. ^[0]
• 37%of organizations say that implementation costs are a barrier to implementing automation. ^[0]
• 29%of organizations say that employee training and resistance is a challenge when rolling out automated solutions. ^[0]
• 54%of companies say that their biggest challenge to automating workflows is mapping complex processes. ^[0]
• 62%of companies are concerned about the cybersecurity risks associated with AI. ^[0]
• 88%of remote workers face inconsistent leadership and miscommunications with other team members 83%of employees report feeling burnt out by a high volume of emails COVID 19 has increased employee burnout by12%in two months. ^[6]
• 20%of employees cite an unmanageable workload as the number one cause of burnout. ^[6]
• According to the study from the Project Management Institute, businesses with a clear project management structure in place have 38% more successful projects that met their original goals than those that did not. ^[6]
• Additional statistics showing the value of project management are Only21%of companies have standardized project management systems like waterfall and agile in place 1 in 6IT projects have a cost overrun of200%. ^[6]
• IT projects with a budget of at least$1 millionare50%more likely to fail to meet business objectives. ^[6]
• 41%of organizations reporting poor project performance say they don’t get enough support from project management and project sponsors. ^[6]
• 61%of companies using project management tools completed projects on time, while only41%of those not using them did. ^[6]
• 50%of project managers spend at least one full business day. ^[6]
• 80%of employees spend half of their workweek on “rework” caused by poor communication Close to46%of team leaders say hitting project deadlines is their biggest problem. ^[6]
• 90%of projects require team participation as opposed to individual responsibility. ^[6]
• 31%of companies say that miscommunications about project objectives is the number one reason why projects fail 59%of workers in the United States say communication is their biggest obstacle. ^[6]
• 45%of team members say Gantt charts are their most used project management feature 55%of team members say project objectives are unclear Only9%of. ^[6]
• 40%of project managers spend most of their time micromanaging employee responsibility and answering questions over email. ^[6]
• 71%of business executives say employee engagement is one of the top factors in project success. ^[6]
• Only52%of executives say their employees’ time allocation matches company priorities. ^[6]
• 76%of executives say agile project management tools will be the new normal Monday.comis used by over100,000teams across201industries. ^[6]
• 31% of surveyed businesses have fully automated at least one function.1. ^[3]
• 13% of surveyed organizations say they are implementing the practice of intelligent automation at scale ; 23% are implementing ; 37% are piloting .6. ^[3]
• 41% of respondents say they are using automation extensively or across multiple functions.7. ^[3]
• 57% of respondents say their organizations are at least piloting the automation of processes in one or more business units or functions.2. ^[3]
• 38% admit their organization have not begun to automate business processes, but nearly half plan to do so within the next year.2. ^[3]
• More so than smaller organizations, larger organizations say they’re using automation across the business or have fully automated at least one process (40% vs 25%). ^[3]
• tasks.5 35% of survey respondents say they need more workers skilled in automation, AI, and robotics, due to increased deployment of automation during COVID. ^[3]
• 67% of surveyed executives say they have accelerated automation and artificial intelligence during the COVID. ^[3]
• In 2020, organizations expected their automation strategies to drive a 15% increase in revenue , up from 11% in 2019.6. ^[3]
• Since the COVID 19 outbreak, automation has been most heavily adopted by the financial services and technology sectors, with 88% and 76% of executives reporting increased implementation, respectively.4. ^[3]
• Nearly 66% of AI early adopters agree that their organization would like to cut costs by automating as many jobs as possible.5 36% of respondents rank job cuts from AIdriven automation as a top. ^[3]
• According to surveyed executives, the top two barriers to adopting automation at scale are process fragmentations and lack of IT readiness, followed by resistance to change and lack of a clear vision.6. ^[3]
• Only 38% of surveyed organization have mature process definitions, standards, and management, which impacts their ability to implement automation.6. ^[3]
• Only 37% of organizations report that they have appropriate standards overseen by a dedicated, capable IT function in charge of automation.6. ^[3]
• Nearly half (49%). ^[3]
• Only 26% of respondents stated that their organizations were “ready or very ready” to address the impact of AI and related workflow automation. ^[3]
• Just 6% of respondents agreed their organizations were “very ready” to address automation & AI. ^[3]
• Considering all the changes that would be necessary — scaling up IT functions, reskilling large parts of the workforce, and integrating human behavior with automation — this low percentage is understandable.7. ^[3]
• Key stat31% of businesses have fully automated at least one. ^[4]
• A 2020 global survey of business leaders from a wide cross section of industries conducted by McKinsey & Co. found that 66% were piloting solutions to automate at least one business process, up from 57% two years earlier. ^[4]
• The percentage of companies that have fully automated at least one function, however, has grown more modestly, from 29% in 2018 to 31% in 2020. ^[4]
• A case study conducted by consulting firm Elder Research found that forecasts during the four week study delivered a median accuracy rate of 88%. ^[4]
• Key statIn early May 2020, U.S. employee engagement advanced to a new high of 38%.—Gallup Improving worker productivity is a top driver for technology investments, including automation. ^[4]
• Overall, U.S. productivity growth clocked in at a paltry 1.4% between 2007 and 2019, according to the Bureau of Labor Statistics. ^[4]
• In the manufacturing sector, growth has increased only 0.5% since the financial crisis, falling sharply from 4.4%. ^[4]
• Among Millennials, 43% envision leaving their jobs within two years, while only 28% see themselves staying beyond five years, according to Deloitte. ^[4]
• McKinsey estimates that, in about 60% of occupations, at least one third of workday activities could be automated. ^[4]
• Key stat60% of retail respondents have implementation AI, up from 35% during the prior year, making it the industry with the sharpest increase.—McKinsey Advances in AI and machine learning are key enablers of BPA. ^[4]
• Among its key findings 63% of those that have implemented AI say that it contributed to increased revenues. ^[4]
• 58% embedded at least one AI element into a process or product, up from 47% in 2018. ^[4]
• 30% incorporated AI across business units, an increase from 21%. ^[4]
• Since the outbreak, McKinsey found that 88% of finance and insurance executives and 76% of those in IT have accelerated their implementations of automation and artificial intelligence. ^[4]
• 27% Capture and apply knowledge that is hard to otherwise attain 26% Apply automation to reduce headcount 24%. ^[4]
• Digitization and a focus on streamlining business processes is accelerating demand for modern workflow automation management systems, which Grand View expects to show a CAGR of 27.7% through 2025. ^[4]
• Key stat64.8% of businesses planned to invest more than $50 million in big data and AI initiatives in 2020, up from 39.7% in 2018.—New Vantage Partners. ^[4]
• A recent executive survey from New Vantage Partners shows that 65% of businesses planned to invest more than $50 million in big data and AI initiatives in 2020, up from 40% in 2018. ^[4]
• While only 38% have created data driven organizations, 27% have successfully created “data cultures” within their companies. ^[4]
• 91% cited people and process challenges as the largest barriers to evolving into data. ^[4]
• Key stat88% of corporate controllers expect to implement RPA in 2021, though many are hesitant to use it for financial reporting.—Gartner. ^[4]
• RPA could save finance teams 25,000 hours of avoidable rework from human errors, at a cost savings of $878,000, according to research firm Gartner. ^[4]
• Still, a study found that only 29% of chief accounting officers surveyed are using RPA for financial reporting. ^[4]
• Key stat25% of companies are using AI to screen resumes or job applications.—Littler. ^[4]
• Investments in HR technology will soar between 2020 and 2024, according to a report by Gallagher, an insurance brokerage, risk management and consulting firm. ^[4]
• More than two thirds, 69%, of HR execs surveyed said they will expand or replace their HR systems by 2024. ^[4]
• According to the findings Just 15% have holistic HR technology strategies aligned with their corporate goals. ^[4]
• Still, 35% have implemented new HR technology with success since 2018. ^[4]
• 29% use more than 75% of the capabilities provided in their systems. ^[4]
• Most, 69%, say they are not using these systems in their recruiting or hiring processes, for example. ^[4]
• It appears that companies are listening Among the 600 HR and IT executives PwC surveyed, 74% expect to increase HR technology spending. ^[4]
• Likewise, 72% said their core HR applications will be cloud based by the end of 2020. ^[4]
• According to a McKinsey report, companies can lose 40 percent of their productivity due to constant task. ^[7]
• According to them, 20 percent of a professional’s workweek is spent finding internal information. ^[7]
• Inefficiencies are Costing Companies Revenue 20 to 30 percent of revenue each year due to efficiencies. ^[7]
• Now, add 20 or 30 percent of that number to it. ^[7]
• According to a Mckinsey report about workplace automation , 60 percent of occupations could save 30 percent of their time by incorporating automation. ^[7]
• They found that 43 percent of companies deem too much paperwork to be the biggest cause of wasted time. ^[7]
• 43% still track IT assets in spreadsheets. ^[1]
• 56% don’t manage the entire lifecycle of their assets More than 60% of IT professionals are missing key information in their ITAM program to effectively manage their assets from procurement to disposal, according to Ivanti. ^[1]
• 29% of IT organizations spend excess staff hours trying to reconcile inventory and assets 28% spend excess hours dealing with outofwarranty and outof support policy assets, according to Ivanti. ^[1]
• Businesses that successfully implement ITAM can achieve up to a 30% cost savings in the first year, and at least 5% savings in each of the subsequent five years. ^[1]
• 74% have not created a formal SAM function. ^[1]
• It is noticed in most of the organizations, 20% of the CEO’s time is spent on the work that could be easily automated or delegated. ^[8]
• Only 58% of organizations fully understand the value of project management. ^[2]
• 93% of organizations report using standardized project management practices. ^[2]
• 68% more than 2/3rd of organizations in ‘s annual survey said that they used outsourced or contract project managers in 2018. ^[2]
• Only 23% of organizations use standardized project management practices across the entire organization. ^[2]
• 33% use standardized practices, but not across all departments. ^[2]
• While a small portion 7% of organizations don’t use any standard practices at all. ^[2]
• Coincidentally, 55% of organizations don’t have access to real. ^[2]
• Between 2017 and 2018, the percentage of organizations using spreadsheets to manage their agile projects dropped from 74% to 67%. ^[2]
• 56% of organizations have used only one project management system. ^[2]
• Only 41% of organizations with an enterprise wide project management office report that it is highly aligned to the organization’s strategy. ^[2]
• 80% of highperformance organizations Champions have a PMO. ^[2]
• 72% say that there is a strong alignment of the EPMO to their organizational strategy. ^[2]
• 95% of large firms reported having dedicated PMOs, either in specific departments or across the entire organization. ^[2]
• In contrast, only 75% of small firms had dedicated PMOs. ^[2]
• In 2016, PMOs delivered a 33% improvement in projects delivered under budget, 27% improvement in customer satisfaction, 25% increase in productivity, and 25% reduction in failed projects. ^[2]
• In 2016, the average PMO accounted for nearly 5% of the project budget and had a staff size of 9. ^[2]
• 49% of project managers report to the PMO (up from 42% in 2012). ^[2]
• Incidentally, highperformance organizations had far higher percentage of project managers reporting to the PMO than lowperforming organizations 68% vs 53%. ^[2]
• 50% of respondents in a survey said that their biggest challenge is that PMO processes are seen as overhead. ^[2]
• 42% said that their organizations are resistant to change and adopting new PM methodologies. ^[2]
• 41% said that their biggest challenge is demonstrating the added value of the PMO. ^[2]
• Risk management practices are widely used across most organizations 27% say they ‘always’ use them, while 35% use the ‘sometimes’. ^[2]
• Only 3% of surveyed organizations say they ‘never’ use risk management practices. ^[2]
• Among senior leaders, 87% say that they “fully” understand the importance of PM practices. ^[2]
• Only 32% of organizations say that they’re satisfied with their current PM maturity level. ^[2]
• 67% would rank their department’s PM maturity level at 3 or more. ^[2]
• However, only 47% would rank their organization wide PM maturity at level 3 or higher. ^[2]
• In PMI’s 2017 survey, 62% of successfully completed projects had sponsors who were actively supportive. ^[2]
• 78% of respondents in a Geneca survey also said that they’d like business stakeholders to be more responsive and engaged in the project. ^[2]
• Another study found that 33% of projects fail because of a lack of involvement from senior management. ^[2]
• A whopping 97% of organizations believe that project management is critical to business performance and organizational success, according to a PwC study. ^[2]
• Businesses say that the biggest impact of project management was on team communication (52%). ^[2]
• 44% also said that it improved the quality of the final product, while 38% said that it improved customer satisfaction. ^[2]
• Only 42% of respondents in Wellingtone’s survey that this role is occupied by a professional Project Manager in their organization. ^[2]
• In 2018, nearly 70% of projects met their original goals or business intent, while nearly 60% were completed within the original budget. ^[2]
• Both these figures are up from 62% and 50% respectively in 2016. ^[2]
• Compared to 2017, 71% of organizations reported a lack of funding as their top project management challenge, while 49% more organizations reported an inconsistency in approach. ^[2]
• A survey published in HBR found that the average IT project overran its budget by 27%. ^[2]
• Moreover, at least one in six IT projects turns into a “black swan” with a cost overrun of 200% and a schedule overrun of 70%. ^[2]
• An IT project with a budget over $1M is 50% more likely to fail than one with a budget below $350,000. ^[2]
• A PwC study of over 10,640 projects found that a tiny, tiny portion of companies 2.5% completed 100% of their projects successfully. ^[2]
• According to CIO, organizations that use proven PM practices waste 28x less money than their more haphazard counterparts. ^[2]
• 80% of respondents in a Geneca survey said that they spend half their time on rework. ^[2]
• Only 55% of people involved in projects team leaders and project managers feel that the project’s business objectives are clear to them. ^[2]
• More than 80% also feel that the requirements process doesn’t articulate the needs of the business. ^[2]
• And when the project is wrapped up, only 23% of respondents say that project managers and stakeholders are in agreement when a project is done. ^[2]
• To give you an idea of the abysmal success rate of most projects, only 40% of projects at IBM meet the company’s three key goals schedule, budget, and quality. ^[2]
• 17% of IT projects can go so bad that they can threaten the very existence of the company. ^[2]
• The biggest reason for any dissatisfaction remains price (56%), followed by a lack of features (33%). ^[2]
• 64% and 67% of projects with high maturity of PM processes are delivered on time and within budget, respectively. ^[2]
• The equivalent figures for low maturity organizations are just 36% and 43%. ^[2]
• 83% of high performance organizations make an ongoing investment in project manager training. ^[2]
• 77% of such organizations have formal processes to develop PM competency. ^[2]
• In contrast, only 34% of underperformers offer similar training. ^[2]
• 51% of respondents in PMI’s 2018 survey said that soft skills are more important today, while only 19% said that this skill requirement is unchanged. ^[2]
• 81% of these organizations prioritize the development of technical skills (vs 13% of underperformers). ^[2]
• Despite low maturity levels, only 48% organizations have invested in accredited project management training. ^[2]
• 15% use non accredited training or courses, while more than 25% don’t invest in any training at all. ^[2]
• 60% of PMOs now have a formal project management training program, up from 11% in 2014. ^[2]
• Incidentally, high performing organizations are far more likely to have a training program than low performers (85% vs 38%). ^[2]
• Most PMOs (79%). ^[2]
• However, a significant and growing number (51%). ^[2]

I know you want to use Workflow Management Software, thus we made this list of best Workflow Management Software. We also wrote about how to learn Workflow Management Software and how to install Workflow Management Software. Recently we wrote how to uninstall Workflow Management Software for newbie users. Don’t forgot to check latest Workflow Management statistics of 2024.

Reference

1. frevvo – https://www.frevvo.com/blog/workflow-automation-statistics/.
2. servicenow – https://www.servicenow.com/workflow/learn/what-is-it-asset-management/key-statistics-it-asset-management/.
3. workamajig – https://www.workamajig.com/blog/project-management-statistics.
4. workona – https://workona.com/pages/workflow-automation-statistics-trends/.
5. netsuite – https://www.netsuite.com/portal/resource/articles/business-strategy/business-automation-statistics.shtml.
6. peppybiz – https://www.peppybiz.com/blog/workflow-automation-statistics.
7. saaslist – https://saaslist.com/blog/project-management-statistics/.
8. pmtraining – https://www.pmtraining.com/about/five-critical-stats-that-project-managers-should-know-regarding-workflow-management.
9. orgzit – https://orgzit.com/blog/how-worklfow-management-system-boosts-your-productivity/.

How Useful is Workflow Management

Workflow management is the practice of automating, controlling, and monitoring the tasks and steps involved in completing a specific project or business process. By mapping out the sequence of activities, assigning responsibilities, setting deadlines, and providing visibility into the progress of each task, workflow management systems can help businesses achieve greater efficiency, consistency, and accuracy in their operations.

One of the most significant benefits of workflow management is the ability to standardize and automate repetitive tasks. By capturing the steps and rules of a process in a digital workflow, organizations can eliminate manual interventions, reduce the risk of errors, and ensure that tasks are carried out consistently and according to best practices. This not only saves time but also improves the quality and reliability of the outcomes.

Workflow management also enhances collaboration and communication among team members. By providing a centralized platform for assigning tasks, sharing documents, tracking progress, and exchanging feedback, workflow management systems enable seamless coordination and cooperation within an organization. Team members can easily see their responsibilities, understand where they fit into the larger process, and stay informed about the status of their tasks and those of their colleagues. This transparency fosters accountability, reduces duplication of efforts, and promotes a culture of teamwork and shared goals.

Moreover, workflow management facilitates decision-making by providing real-time insights into the status of ongoing projects. Managers and supervisors can access dashboards and reports that offer a comprehensive view of the progress, bottlenecks, and performance metrics of each workflow. This visibility allows them to identify potential issues or delays early on, make informed choices about resource allocation, and take corrective actions to keep projects on track. In this way, workflow management empowers leaders to make data-driven decisions and respond more effectively to changing circumstances.

Another advantage of workflow management is its scalability and adaptability. As businesses grow and evolve, they can easily modify, extend, or create new workflows to accommodate changing requirements, processes, or technologies. This flexibility enables organizations to respond quickly to market shifts, regulatory changes, or customer demands without disrupting their operations or having to reinvent their processes from scratch. Workflow management systems can be tailored to suit the unique needs and objectives of different departments, functions, or projects within an organization, providing a customizable and agile framework for driving continuous improvement and innovation.

In conclusion, workflow management is a powerful tool for streamlining business processes, enhancing collaboration, enabling data-driven decision-making, and fostering agility and adaptability. By automating routine tasks, improving communication and visibility, and empowering leaders with actionable insights, workflow management systems can help organizations achieve greater efficiency, productivity, and competitiveness in today’s dynamic business environment. Whether it’s in finance, marketing, human resources, or operations, any organization that seeks to stay ahead of the curve and deliver value to its stakeholders can benefit from implementing workflow management solutions.

In Conclusion

Be it Workflow Management benefits statistics, Workflow Management usage statistics, Workflow Management productivity statistics, Workflow Management adoption statistics, Workflow Management roi statistics, Workflow Management market statistics, statistics on use of Workflow Management, Workflow Management analytics statistics, statistics of companies that use Workflow Management, statistics small businesses using Workflow Management, top Workflow Management systems usa statistics, Workflow Management software market statistics, statistics dissatisfied with Workflow Management, statistics of businesses using Workflow Management, Workflow Management key statistics, Workflow Management systems statistics, nonprofit Workflow Management statistics, Workflow Management failure statistics, top Workflow Management statistics, best Workflow Management statistics, Workflow Management statistics small business, Workflow Management statistics 2024, Workflow Management statistics 2021, Workflow Management statistics 2024 you will find all from this page. 🙂

We tried our best to provide all the Workflow Management statistics on this page. Please comment below and share your opinion if we missed any Workflow Management statistics.