using industrialized operations to create critical-mass communities - genpact solutionxchange
DESCRIPTION
Genpact uses insights from external ecosystems through its Open Innovation platform SolutionXchange to make smarter decisions. Gianni Giacomelli and Subroto Gupta explain the ideology behind it. Join our LinkedIn group: http://bit.ly/SolutionXchangeLinkedIn Follow us on Twitter: https://twitter.com/SolutionXchange Like us on Facebook: http://www.facebook.com/SolutionXchangeTRANSCRIPT
© 2013 Copyright Genpact. All Rights Reserved.© 2013 Copyright Genpact. All Rights Reserved.
Presentation Title Goes Here
Gianni Giacomelli, Senior Vice President, Product InnovationSubroto Gupta, Vice President, Corporate Innovation Initiatives
March 22, 2013
Palo Alto, CA
Using Industrialized Operations to create Critical-mass Communities
© 2013 Copyright Genpact. All Rights Reserved.© 2013 Copyright Genpact. All Rights Reserved. 2
How do we add capabilities to multiple different teams globally?
How do we create the liquidity to source the right capabilities?
© 2013 Copyright Genpact. All Rights Reserved.© 2013 Copyright Genpact. All Rights Reserved.
Genpact has grown rapidly providing Industrialized Business Process Services to Global 1000
Over 4,500 processes managed, from simple invoice processing to complex statistical models, in 30 languages
From GE spin-off to 60,000+ staff, very profitable mid-cap, partially owned by Bain Capital – in 7 years
3
Heavy reliance on “factory-like” use of advanced metrics, data-driven processes, innovative HR, and specialized IT
© 2013 Copyright Genpact. All Rights Reserved.© 2013 Copyright Genpact. All Rights Reserved.
Creating a centralized, managed global community of innovators and subject matter experts
6
Niche skills, specific briefs
Avoid serendipity
Experts driven by money
Actively manage the marketplace – from challenge design to search to payout
4,500+ EXPERTS
350+ CHALLENGES POSTED
>60% SOLVED
TIME TO SOLVE q 80%
MEMBERSHIP p 3X ANNUALLY
© 2013 Copyright Genpact. All Rights Reserved.© 2013 Copyright Genpact. All Rights Reserved.
7
Challenge: Develop a Robust Equipment Contract Analytics product
Scope: Market assessment, identify KPIs and measurement systems
Solution: Generated Revenue of US $4m in year 1
Challenge: Innovate F&A Process for Retail Franchisee Client
Scope: Benchmarking study, competitive assessment in relevant geographies
Solution: Created differentiated point solution for store accounting
Challenge: Optimize Financials of Smart Meter Solution for large Utility Client
Scope: Devise a risk-reward model of past-due reduction
Solution: Generated US $40m of working capital improvement
© 2013 Copyright Genpact. All Rights Reserved.© 2013 Copyright Genpact. All Rights Reserved.
Using Industrialized Operations to Create Crowdsourced Liquidity for Complex Problems
8
• Drive rapid awareness of contests
• Through social media
• Cost effectively
• Bench resources + workflow
• Data from Listening Tools
10X Output at 80% relevance Scalable Fast Inexpensive
© 2013 Copyright Genpact. All Rights Reserved.© 2013 Copyright Genpact. All Rights Reserved.
Crowdsourcing can optimize global chain of labor and change how global businesses operate
9
+
+
Decentralized (and shared) + Global
+ third party “industrialized operations”
+ crowd
Re-engineered Processes
New Workforce Management Practices
Cloud based Process Applications
© 2013 Copyright Genpact. All Rights Reserved.© 2013 Copyright Genpact. All Rights Reserved.
Presentation Title Goes Here
Thank You
Twitter @ggiacomelli
@subrotogupta
@SolutionXchange