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2021 was a milestone year for GlobalBusinessServices (GBS) with most enterprises reporting the model exceeded expectations for globalbusinessservices solutions and delivery. GBS provided the needed strength and agility to seamlessly supply value without disruption from the pandemic.
The Evolving Role of GBS Organizations in Driving Enterprise-wide Adoption of Intelligent Automation. In the last few years, many GlobalBusinessService (GBS) centers have scaled up the adoption of Intelligent Automation (IA) and are now playing a key role in the overall enterprise automation adoption journey.
Welcome to my third article in a series focused on insights, experience and practical advice on an operating model called GlobalBusinessServices (GBS). The GBS operating model is the latest step in the evolution of shared services (SS). to be leveraged across an entire organization, resulting in lower service costs.
GlobalBusinessServices (GBS) must evolve and, as the iconic Queen song references, “break free,” from outdated practices. However, in reality, GBS leaders’ biases—as opposed to data-driven decision criteria—have governed who does what, when, and how. Why make the change now?
The GlobalBusinessServices (GBS) market has witnessed improvement in performance, enhancements in role, and growth across verticals and functions over the years. Talent CoE: The talent CoE develops the strategic services, capabilities, and best practices for staffing, e-learning, and employee onboarding.
Going forward, long-term tailwinds such as the growth of the Shenzhen Special Economic Zone (SEZ), government initiatives focusing on Made in China 2025 policies, growth of e-commerce, increased technology adoption, and high export demand for technology developed in China will largely drive growth in the technology services industry.
With their growing maturity, GlobalBusinessServices (GBS) organizations in Banking and Financial Services (BFS) have taken on critical roles in the data value chain. For example, a leading US bank GBS hosts a Finance and Accounts (F&A) Data Management team that supports finance business users’ data needs.
With its high-quality talent, state-of-the-art infrastructure for delivering advanced technological services, and strong government support, Hyderabad has ascended as a top globalservices destination. But does Hyderabad have what it takes to surpass Bangalore as the foremost globalservices destination in the future?
FortressIQ is now part of Automation Anywhere, and its offering is now our process intelligence product FortressIQ. These topics apply to many areas within the organization, from front office and globalbusinessservices (GBS) to compliance and risk management.
These companies have successfully hyper-automated a wide range of end-to-end business processes through their creative application of intelligent automation, advanced analytics and artificial intelligence (AI). Purchase-to-Pay). Digitalization is accelerating.
The pandemic has impacted all businesses, small and large. In many cases the difference between a successful business resiliency story and an unsuccessful one was the quality and maturity of its GlobalBusinessServices (GBS) organization.
Access to Top Global Talent GCCs are often located where businesses can access specialized technical and industry expertise. The ideal locations balance labor quality and costs, infrastructure, government incentives, language capabilities, and low political volatility.
This also includes investments in emerging technologies such as smart automation, advanced analytics, and collaboration tools that enable greater automation. Procurement automation efforts have traditionally focused on transactional processes such as purchase order and receipts processing. Technology enablement.
Digital Awards – In early July, The Hackett Group announced the winners of its 2021 Digital Awards , which spotlight companies that are on the cutting edge of using digital transformation solutions, including automation, advanced analytics, and AI to hyper-automate end-to-end business operations.
New business functions in the organization will be incubated and scaled in India, making the country a sandbox of breakthrough innovations. GlobalBusinessServices (GBS) has been a major trend across large companies.
Securing AI and data governance will become mission-critical – The rapid adoption of gen AI across critical operations means organizations will rely heavily on algorithmic decision-making. Enhanced data governance solutions will emerge to ensure the integrity and confidentiality of the data that trains these AI models.
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