Neo automation series part 2- Art of the Possible
2 likes328 views
The document discusses the benefits of automation in sourcing, highlighting successful cases of cost savings and efficiency improvements from various companies. It emphasizes the increasing role of automation technologies and platforms from major vendors like IBM and Infosys, showcasing significant reductions in operational costs and enhanced processing capabilities. Additionally, it mentions Neo Group's expertise in risk monitoring and sourcing optimization since 1999.
Neo automation series part 2- Art of the Possible
- 1. © 1999-2018 Neo Group Inc. Proprietary. www.neogroup.com GRAPHIC SOURCE: MAILCHIMP FOCUS ON AUTOMATION AS A SOURCING LEVER PART 2: AUTOMATION ART OF THE POSSIBLE
- 2. © 1999-2018 Neo Group Inc. Proprietary. www.neogroup.com 2 Atul Vashistha, CEO, Neo Group & Supply Wisdom
- 3. © 1999-2018 Neo Group Inc. Proprietary. www.neogroup.com ~ Primer (Part 1) ~ Art of the Possible ~ Hurdles ~ Pathways 4
- 4. © 1999-2018 Neo Group Inc. Proprietary. www.neogroup.com4 ~ Primer ~ Art of the Possible ~ Hurdles ~ Pathways
- 5. © 1999-2018 Neo Group Inc. Proprietary. www.neogroup.com 5
- 6. © 1999-2018 Neo Group Inc. Proprietary. www.neogroup.com 6
- 7. © 1999-2018 Neo Group Inc. Proprietary. www.neogroup.com7
- 8. © 1999-2018 Neo Group Inc. Proprietary. www.neogroup.com WHAT IS POSSIBLE – PARTNERS PROMISING TODAY Source: Infosys
- 9. © 1999-2018 Neo Group Inc. Proprietary. www.neogroup.com MANY REALIZING BENEFITS TODAY Fortune 50 Health Insurance Company ‒ Cost savings: $200 million in Yr.1 ‒ 1.7 million claims/day ‒ 92% via automated clearing house ‒ 75% solved via automation ‒ 25% manually adjudicated ‒ 4-8 months to see ROI from process reengineering & automation ‒ Invested in process engineers and data scientists for data analytics ‒ Significant reductions in time, claim fraud, waste and abuse, and increased volume of claims processed International Hi-Tech Leader ‒ 50% reduction in operating costs ‒ $50 billion company with 75k employees ‒ Acquired 150 companies over a 15 year period ‒ 50% cost savings gained through process reengineering & automation ‒ 40% cost reduction per transaction ‒ Reduction in personnel doing repetitive tasks - data entry ‒ Increased responsiveness – logistics ‒ 3000 workers doing transactional work – current focus for automation Multinational Consultancy ‒ Reduction in FTE’s - 30% FTE’s retained and reskilled – retraining programs ‒ IT & Back-Office ‒ 20-40% processes are suitable for automation (task automation) ‒ 70% processes do not require reengineering ‒ 10-12 weeks to implement RPA for simple processes w/in back-office functions
- 10. © 1999-2018 Neo Group Inc. Proprietary. www.neogroup.com TOOL/TECHNOLOGY VENDOR LANDSCAPE IN THE IT WORLD Source: Presentation of webinar on Robotics Process Automation & AI conducted by Om Mishra on 29th July 2017 for Tech Mgmt Innovation WhatsApp Group
- 11. © 1999-2018 Neo Group Inc. Proprietary. www.neogroup.com SERVICES SUPPLIERS HAVE OWN OFFERINGS TOO SUPPLIERS AUTOMATION PLATFORM IBM Watson … INFOSYS Mana, Nia … WIPRO Holmes … COGNIZANT RetailMate … HCL DRYiCE … TCS Ignio … Many more …
- 12. © 1999-2018 Neo Group Inc. Proprietary. www.neogroup.com IBM – ADMS TRANSFORMATION THROUGH AUTOMATION Source: IBM
- 13. © 1999-2018 Neo Group Inc. Proprietary. www.neogroup.com IBM – INFRASTRUCTURE SUPPORT AUTOMATION Source: IBM
- 14. © 1999-2018 Neo Group Inc. Proprietary. www.neogroup.com Source: Infosys INFOSYS MANA/ NIA AUTOMATION PLATFORM
- 15. © 1999-2018 Neo Group Inc. Proprietary. www.neogroup.com HCL DRYICE AI
- 16. © 1999-2018 Neo Group Inc. Proprietary. www.neogroup.com TCS – IGNIO
- 17. © 1999-2018 Neo Group Inc. Proprietary. www.neogroup.com WIPRO HOLMES AUTOMATION PLATFORM Source: Wipro
- 18. © 1999-2018 Neo Group Inc. Proprietary. www.neogroup.com18
- 19. © 1999-2018 Neo Group Inc. Proprietary. www.neogroup.com USA 129 Newbury St., Suite 400 Boston, MA 02116, USA www.neogroup.com 617.830.1664 AMSTERDAM, NETHERLANDS BANGALORE, INDIA BOGOTA, COLOMBIA GUADALAJARA, MEXICO NEW YORK, USA SAO PAULO, BRAZIL SAN FRANCISCO, USA SYDNEY, AUSTRALIA ATUL VASHISTHA Chairman atul@neogroup.com +1.617.580.2885 JOHN BREE Partner john@neogroup.com +1.732.306.8022 www.NeoGroup.com www.SupplyWisdom.com info@neogroup.com © 1999-2017 Neo Group Inc. Proprietary THANK YOU! 19
- 20. 2020 © 1999-2018 Neo Group Inc. Proprietary. www.neogroup.com • Supplier & Location Risk • Country • City • Supplier • Real-Time Event Alerts • Analytics & Guidance • Sourcing Data • Cloud-based Subscription • Custom Research SOURCING DATA & RISK MONITORING ABOUT NEO GROUP: BEYOND ADVICE TO OUTCOMES • What to Source • Where to Source • Who to Source To • How to Transition & Manage • Sourcing Check & Benchmarks • Governance Design & Setup • Governance as a Service • Support Resources • Global Model ADVICE & GOVERNANCE SUPPORT © 1999-2017 Neo Group Inc. Proprietary Since 2012, Supply Wisdom has been a leader in providing real- time and continuous risk monitoring of suppliers and locations globally Since 1999, Neo Group has advised and supported clients in optimizing corporate and business functions through the sourcing levers of automation, analytics and global talent