2867: Bridging the AI Gap: Strategies and Insights with WNS Global Services
Tech Talks DailyApril 18, 2024
2867
26:5215.51 MB

2867: Bridging the AI Gap: Strategies and Insights with WNS Global Services

Are businesses truly prepared to integrate generative AI into their operations? In today's episode, we engage with Sanjay Jain, Chief Business Transformation Officer at WNS, to delve into a thought-provoking discussion based on a recent survey conducted by WNS and Everest Group.

The survey sheds light on the readiness of various enterprises to adopt generative AI technologies and highlights the four pivotal factors influencing this readiness: technology, data, process, and people.

We will explore how sectors like telecom, technology, and media are setting the pace due to their advanced change management maturity and robust data infrastructure capabilities. Sanjay will share insights into how enterprises can address talent shortages by forming strategic partnerships that provide access to essential expertise and co-create innovative solutions. Additionally, we will discuss the importance of compliance and ethical considerations in the deployment of generative AI, particularly in regulated sectors such as banking, financial services, and healthcare.

Throughout our conversation, Sanjay will also illustrate transformative use cases of generative AI that are revolutionizing customer experiences by enhancing efficiency, effectiveness, and impact. These include improving customer service through instant, accurate, and tailored responses, personalizing recommendations using customer data, summarizing large sets of unstructured data, and automating content creation for knowledge bases.

As we consider the broader implications of generative AI, it becomes clear that its impact varies significantly across different industries. This raises an intriguing question: What can sectors that are lagging in AI adoption learn from those that are leading? Join us as we unpack these insights and discuss how businesses can navigate the challenges and seize the opportunities presented by generative AI.

What do you think are the biggest challenges and opportunities for your industry in adopting generative AI? Share your thoughts with us and join the conversation.

[00:00:00] Is your organization prime for the transformative journey into Gen. AI?

[00:00:07] Well, in an era where artificial intelligence is no longer a distant marvel but rapidly becoming

[00:00:13] a close ally.

[00:00:15] Enterprises across the globe are evaluating their readiness to embrace this technological

[00:00:20] leap.

[00:00:21] Joining me today is Sanjay Jain.

[00:00:23] He is the Chief Business Transformation Officer at WNS.

[00:00:28] And they are a leading light in business process management solutions.

[00:00:33] But I've invited him on today to leverage his insights from the comprehensive survey conducted

[00:00:38] by WNS and the Everest Group that recently set off my TechSpy descents.

[00:00:44] And it's my hope that today we're going to shed light on the pivotal aspects of enterprise

[00:00:49] readiness for Gen. AI implementation because as industries grapple with the challenges

[00:00:55] of technology, data, process and people readiness, I want to explore the sectors leading this

[00:01:01] charge.

[00:01:02] The strategic moves to combat talent shortages and also the paramount importance of ethical

[00:01:09] AI use and responsible AI.

[00:01:13] So Sanjay's insights promise to unravel the complexities and also her order future

[00:01:18] where Gen. AI is not just adopted but is integral to enhancing customer experiences

[00:01:25] and operational efficiencies across vast sectors.

[00:01:29] But before we get today's guest on, I need to pay the bills.

[00:01:32] We've got a huge podcast hosting fee to pay for when we're releasing 30 episodes a month

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[00:02:46] So buckle up and hold on tight as I beam your ears all the way to Mumbai in India

[00:02:51] where today's guest is waiting to share his story.

[00:02:55] So a massive warm welcome to the show Sanjay, can you tell everyone listening

[00:03:00] a little about who you are and what you do?

[00:03:02] Neil thank you for inviting me to your show and I am the Chief Business

[00:03:07] Transformation Officer of WNS and in my current role I'm responsible for

[00:03:12] ensuring that all of our client businesses that we manage for them

[00:03:15] are transformed with the right use of process innovation,

[00:03:20] technology interventions and analytics.

[00:03:22] And being with WNS for almost 20 years prior to WNS I was actually a serial entrepreneur

[00:03:29] I had set up three fairly successful firms which got sold

[00:03:33] and then early on I started my career with a company called CMMC

[00:03:36] in a typical program management system architect role

[00:03:39] delivering very well known mission critical applications

[00:03:43] and from an education perspective I'm an electronics and communication engineer Neil.

[00:03:48] Fantastic, it's a pleasure to have you join me on the show today

[00:03:52] and there's so much I want to talk with you about

[00:03:55] because at the moment everyone's going crazy about generative AI

[00:03:59] they have done for the last 18 months but what we're seeing now is

[00:04:02] people now know how it works and they're starting to get over there

[00:04:05] maybe fair or apprehension about it

[00:04:08] and exploring how they can use it in their business

[00:04:11] and one of the things that put you on my radar was a recent survey

[00:04:15] you did on generative AI in I think it was a CXM survey

[00:04:19] supported by WNS but can you tell everyone listening a little about that survey

[00:04:24] and also how it indicated a significant level of readiness

[00:04:29] for generative AI implementation among enterprises

[00:04:32] and from your perspective what factors are driving this readiness

[00:04:37] perhaps it vary across industries because there's so many great insights in that survey isn't there?

[00:04:42] Yeah, so let me have a quick brief on the survey

[00:04:45] it was done in collaboration with Everest and about 200 organizations

[00:04:49] were surveyed around various aspects of adoption, readiness, utilization,

[00:04:55] risks, types of things and we got some fairly insightful outcomes as part of the survey

[00:05:02] which interestingly correlates with what we are seeing actually on the ground

[00:05:05] because WNS has been deploying many use cases in last 12 months

[00:05:10] across the industry segments that you work with

[00:05:13] and interestingly what this survey told us correlates very well with our experience of deploying this solution

[00:05:22] so as I said based on our experience of deploying this multiple gen AI powered solutions

[00:05:29] broadly four key factors are driving enterprise readiness for generative AI implementations

[00:05:35] and these are the first is actually the technology readiness so you know which includes

[00:05:40] availability of adequate computing power, ability to scale on demand and cloud-based infrastructure

[00:05:47] capacity. The second is data readiness of the organization which basically includes

[00:05:52] the capability in data extraction, data storage, data privacy, data security

[00:05:59] and very importantly availability of sufficient and high quality training data which is

[00:06:03] actually needed for the AI models to work very effectively. The third is process readiness and

[00:06:09] you know considering that we are focusing around the customer services or CX processes

[00:06:14] in order to take full advantage of the gen AI on the CX processes the relevant CX processes

[00:06:21] actually needs to be reimagined and or re-engineered so that humans in AI can work

[00:06:27] together as co-pilots and deliver the business outcome for the clients

[00:06:31] and in addition there are regulatory and compliance issues that needs to be addressed in the future

[00:06:35] in the future process design and finally there is people readiness you know as we are you know

[00:06:41] developing and deploying gen AI based solutions organization basically requires skill sets across

[00:06:47] multiple types of skills and these includes design thinking skills to allow the re-imagination of

[00:06:53] the CX processes it includes the traditional AI ML and data science capabilities to curate the data

[00:07:03] before it is sent to an AI model and also very importantly software and hyper automation skills

[00:07:08] to develop and deploy gen AI enabled applications what we also found that in addition to these

[00:07:14] four you know you know top factors there are certain additional factors that are also very

[00:07:19] important which are driving the organizational readiness for deploying gen AI the first is you

[00:07:26] know the financial readiness you know do they have financial you know readiness to deploy such

[00:07:31] kind of solutions also this solution requires significant changes in the way the operating

[00:07:36] model work and process model works so what's been the traditional change management

[00:07:40] competencies of the organization and then finally if organization have past

[00:07:44] experience with transformative technologies they are better prepared to deal with these kind

[00:07:47] of challenges and you know what we what the survey found is that you know the factors

[00:07:54] vary across the industry segments but importantly you know technology and telecom industries were

[00:07:59] more ready for deploying gen AI solutions followed by BFSA healthcare and retail and one of the

[00:08:05] big standouts of that survey for me one of the big standout stats was that I think it was

[00:08:10] something like over 45 percent of enterprises are currently siding a shortage of internal

[00:08:16] technical expertise as a major barrier and I'm also reading outside of that survey that there's

[00:08:21] almost a big AI talent war out there with every business every start up desperately trying to

[00:08:26] hoover up all that AI talent to realize their ambition so how do you see companies overcoming

[00:08:33] that challenge to harness that full potential of generative AI because you need people to

[00:08:38] make that happen right you're right absolutely you know and you know uh you know as as

[00:08:43] you know I indicated earlier you know you know multi you know as you deploy you know and think through

[00:08:49] the gen AI you know solutions you know for an organization there are multiple types of capabilities

[00:08:54] and skills are required to reimagine design build deploy and then finally support gen AI

[00:09:00] applications right so for organizations you know who are lagging in their AI adoption readiness

[00:09:06] particularly in terms of technology and data that you talked about but also on process and

[00:09:10] people readiness a good strategy would be to seek out collaborative partnerships with third parties

[00:09:16] and then use those first parties to co-create the solutions and this actually if you know

[00:09:21] if organization follow this approach they can actually you know it can enable them to tap

[00:09:25] into external expertise on demand and then accelerate their gen AI adoption roadmaps

[00:09:31] and this is what actually WLS has done you know very successfully with many of our clients

[00:09:36] where we have had them to one identify what kind of business problem that they want to solve using

[00:09:42] gen AI and then we have worked very collaboratively with them and co-created uh you know the solutions

[00:09:48] where we have partnered with them you know either providing skills that they did not have

[00:09:53] or augmenting skills that they may already have a needed more of it

[00:09:56] when delivering multiple you know gen AI solutions with a very very clear focus on

[00:10:01] achieving measurable business benefits right and at this point of time you know in last you

[00:10:06] know 2018 months we have now either deployed or are developing about 90 use cases across the

[00:10:10] industry segments and multiple clients that you work with me and I think this year the

[00:10:15] transformative potential of gen AI's text generation capabilities has been widely recognized

[00:10:21] particularly in areas such as telecom and media tech and retail sectors but any business leader

[00:10:28] that is sat on the sidelines knowing what they need to do but just needs some examples of maybe

[00:10:34] bring those possibilities to life do you have any examples that you're able to share that would

[00:10:39] just bring those capabilities to life and help business leaders listening understand

[00:10:44] how they're being applied and will ultimately revolutionize their CXM operation um you're

[00:10:50] right me you know approximately 93 percent of the survey participants recognize the

[00:10:55] transformative potential of GenITV AI is you know text generation capability specifically

[00:11:01] in the CX operations while there are multiples of use cases but there may be four examples that I

[00:11:06] want to talk about the most common use case is to enhance customer service capabilities

[00:11:11] now providing instant and accurate and tailored responses to the queries

[00:11:16] the second is you know hyper personalization is also another example so many companies across

[00:11:21] industry segments are leveraging data and GenITV AI to deliver personalized and more relevant

[00:11:26] recommendations in real time as their agents service their clients cognitive and contextual

[00:11:33] summarization of large sets of unstructured data is another such use case which finds a

[00:11:38] significant adoption across industry segments and then finally supporting creation and access

[00:11:43] of knowledge management databases in other use case what GenITV AI can do it actually

[00:11:48] it can automatically summarize documents categorize information and even generate new content to keep

[00:11:55] knowledge basis fresh and relevant which then are used in the CX processes by the you know the

[00:12:01] companies and their you know uh employees servicing and clients to intelligently query

[00:12:08] or prompt and get very relevant and hyper personalized answers to deal with the you know customer

[00:12:13] situations that they may be solving and the survey also revealed varied AI adoption readiness

[00:12:21] across multiple industries and for me that that highlighted the differences in technology and

[00:12:25] data preparedness among so many other different factors and again for anybody listening

[00:12:31] are there any strategies that you would recommend for industries that might be

[00:12:35] lagging in readiness and currently playing catch up any strategies you'd recommend them

[00:12:40] yeah the survey basically you know indicated that you know there are you know variety of you

[00:12:47] know readiness you know across industry segments you know you know so what basically the survey

[00:12:53] found is that telecom and technology industries are actually leading in their genai adoption

[00:13:01] followed by BFSI health care and retail and if you look at the telecom technology and the

[00:13:07] media industry which sort of are leading this you know this sector by nature is extremely well

[00:13:13] equipped for embracing new technologies due to their existing technology frameworks you know

[00:13:18] their employees skill sets you know and their ongoing and continuous focus on customized and

[00:13:23] providing you know very customized and personalized services to their clients and these these

[00:13:29] you know sectors have always had prior experience of you know using transformative

[00:13:33] technologies right and that's the reason I think they are leading in that's what the survey indicated

[00:13:38] but I think the two key factors that other industry segments can learn from telecom technology

[00:13:43] and media sectors is one is their that change management maturity you know so they these

[00:13:51] organizations have been invested a lot in change management maturity and their technology

[00:13:56] readiness is also far superior including infrastructure and availability of high quality

[00:14:00] of data which is again and important prerequisite for deploying genia solutions

[00:14:06] completely agree with you the other thing we have to bring up whenever we mention AI

[00:14:11] things like regulatory compliance issues that also noted as significant challenges especially

[00:14:18] in the BFSI and health care sectors for example and there's also a lot of debates

[00:14:23] around the ethics and responsible AI as well so I know there's a lot of business leaders that

[00:14:29] this scares them a little bit I think in some ways that has prevented them from just diving

[00:14:33] straight in so how do you suggest that enterprises navigate those regulatory landscapes while also

[00:14:39] pursuing those gen AI innovations yeah so data privacy and regulatory compliance

[00:14:45] remain a prominent challenge in financial services and healthcare industries

[00:14:49] and hence the gen AI enabled processes in these industries will require a human centric

[00:14:54] approach now with humans and AI working together as co-pilots and allowing for a human oversight

[00:15:01] to ensure control compliance accuracy and effectiveness you know these industries

[00:15:07] one because of like regulatory nature of you know regulated nature of their business

[00:15:12] and two because of the complex nature of the the transactions you know

[00:15:19] you know it is appropriate for them to use a co-pilot approach instead of you know

[00:15:23] you know letting a you know AI based chatbot deal with that complexity right

[00:15:30] so these sectors also need to develop a comprehensive governance framework

[00:15:33] that covers you know the issues that you talked about like ethical privacy security legal

[00:15:39] regulatory obviously and also to some extent social issues right and some steps that

[00:15:44] you know can be taken to mitigate these issues can include you know things like controlling the

[00:15:49] type of data that is sent into an AI model implementing access controls on who has access

[00:15:56] to these AI models and then finally and very importantly implementing a continuous monitoring

[00:16:03] mechanism to evaluate the output and outcomes being delivered from GenRTVI and uses evaluations

[00:16:09] to further enhance the controls on the input content access and training of the GenRTVI models

[00:16:18] and if we were to zoom out given all of the surveys insights and everything you learned from

[00:16:23] them how does the WNS envision the future of gen AI enhancing business process management

[00:16:30] solutions and ultimately what role do you see WNS playing in this evolving ecosystem

[00:16:36] you know so as we discussed earlier nearly you know many of the organizations that don't have

[00:16:43] internal capabilities to deploy the solutions and we are an active partner helping many of our

[00:16:48] clients deliver you know this gen AI solutions but you know we at WNS believe in democratizing

[00:16:56] the use of gen AI and also very importantly democratizing the use of gen AI within

[00:17:01] the constraints of data privacy and security because that's a prime you know a mover right

[00:17:06] so with this as an operating philosophy we have adopted a three-pronged approach to support the

[00:17:11] evolving ecosystems in the in the business process management field that we work in

[00:17:15] the client base that we work with the first is capability build focused on skills required

[00:17:21] in our workforce design build deploy and support gen AI enabled solutions and as I mentioned

[00:17:27] earlier these skills include AI ML and data scientist software and hyper-probation skills

[00:17:33] cloud infrastructure capabilities security and privacy expertise right the second is

[00:17:40] solutions build so you know once we have the capability then we have to build solutions

[00:17:44] and the focus is on reimagining our clients business processes and then co-creating new

[00:17:50] solutions and services with them that will allow our clients to utilize the full power of gen AI

[00:17:55] with humans in the AI working as co-violates and the third is a market positioning

[00:18:03] to create an integrated go-to-market strategy combining gen AI with other digital technologies

[00:18:09] to maximize business value proposition that would be exciting times ahead and of course in those

[00:18:14] months ahead I think we can all safely predict enterprises will continue to explore gen AI for

[00:18:20] a variety of use cases but as someone that's right in the heart of this space armed with

[00:18:25] that future mindset and listening to so many business leaders around the world are there any

[00:18:31] or are there any other long-term impacts that you anticipate on customer experiences and indeed

[00:18:36] operational efficiencies and again any advice on how companies should maybe be preparing for

[00:18:42] these changes right now so gen ed AI has the potential to revolutionize the cx operations by

[00:18:49] addressing three dimensions of efficiency effectiveness and customer impact now these technologies

[00:18:56] you know enhance operational efficiencies they also improve productivity of the workforce

[00:19:03] and which actually leads to a significant cost reduction so that's a you know a gain and benefit

[00:19:09] that organizations will realize is the deployed gen AI solution the second as I said effectiveness

[00:19:14] you know gen AI also allows the workforce to be very effective because it allows them to analyze the

[00:19:20] customer data to hyper personalize interactions and provide more relevant recommendations this

[00:19:26] delivering customers impact significant customer impact in terms of improved customer satisfaction

[00:19:32] improved npsa's or other customer measures that the that the organization may have

[00:19:37] so enterprise you know who'd really want to adopt gen AI must plan for an address a

[00:19:43] variety of challenges across technology data people processes and very importantly change

[00:19:49] management and they must also ensure that the gen AI applications that they are building basically

[00:19:57] take this five checkboxes and these are that the applications must be unbiased and accurate

[00:20:03] they must be safe and secure they must be honest and appropriately trained

[00:20:08] they must be empowering and democratize and finally sustainable one of the things that attracted

[00:20:13] me to you guys is that wns has got this reputation for combining industry knowledge with technology

[00:20:20] with analytics and process expertise to help co-create innovative digitally led transformational

[00:20:26] solutions around the world but before I let you go I'd love to dig a little bit deeper

[00:20:31] on your personal story and find out how you've been able to play such a huge part in this

[00:20:37] and of course if we any of us look back at our career none of us are able to achieve

[00:20:42] any degree of success without maybe a little help along the way so I'm curious

[00:20:47] has there been a particular company institute or something that you're grateful towards which

[00:20:52] maybe helps you get where you are and helped you play that role that you play to be honest

[00:20:58] yeah really you know obviously you know in a long career that I've had you know there

[00:21:01] were multiple people who influenced me who helped me but I think what I want to talk about is the

[00:21:07] exposure and experience I got in the first company that I worked for it was a company called CMC

[00:21:13] it doesn't exist in the current in the inner shape and form today because it was a good

[00:21:16] got acquired by a tier one system integrator that company you know bread entrepreneurs you know we

[00:21:24] were taught in that company that no idea is a bad idea and we are only limited in our

[00:21:30] understanding of the use of that idea at that point of time right so you know and that's

[00:21:35] been operating philosophy that I have had in my you know in my career you know curiosity never

[00:21:40] killed the cat in that form we were always encouraged to innovate and it was okay to fail

[00:21:45] you know as long as we were learning from those failures and again you know I can go on and on

[00:21:50] about the learning you know the eight years that I spent in that company but I owe a lot to

[00:21:55] you know career that I've had you know after I left the company as an entrepreneur you know

[00:21:59] for few years and then obviously what I've been doing at WNS for many years now

[00:22:03] it's so important to hear stories like that and how they shape us all as individuals and

[00:22:09] the work we're doing now and both in the future and for anyone listening that wants to find out

[00:22:14] more information maybe explore the report that we've referenced today or just find out more

[00:22:18] about yourself your team at WNS the work that you're doing is there anywhere in particular

[00:22:23] you'd like to point everyone listening yes yes absolutely you know so there's a lot of you

[00:22:28] know articles white papers knowledge you know we are available on WNS.com which is our website

[00:22:35] now you can also refer to our social media handles around on Facebook Twitter LinkedIn and

[00:22:40] Instagram and then obviously you know I'm I'm on LinkedIn fairly active on LinkedIn so you

[00:22:45] know you know audience can actually look at my LinkedIn profile you know and if they need

[00:22:49] to connect with me you know it's you know that's that's the place to connect with me and happy to

[00:22:54] answer questions WNS is a very active you know technology digital genai you know

[00:23:01] the portfolio and we publish a lot on the social media so you'll be you know audience will be able

[00:23:06] to find a lot of content on some of these handles that I talked about. Fantastic well I

[00:23:11] would add links to all those things including a link to that every groups generative AI in

[00:23:17] CXM survey report that's supported by WNS I'll put a link there so much I love talking with you

[00:23:23] about today in particular digging deep on that survey that highlighted some of those

[00:23:28] greatest barriers to success for genai adoption but most importantly that willingness to adopt

[00:23:33] the technology for so many different use cases so more than anything I would just a big thank you

[00:23:38] for taking the time to sit down with me and share some of those stories I really hope that they

[00:23:43] have helped some business leaders listening around the world but thank you Sanjay.

[00:23:47] Thank you Neil the pleasure of all mine you know you had very thought-provoking questions

[00:23:51] and you know it was a pleasure to answer them hopefully I did a good justice to be able to

[00:23:56] answer those questions but thank you for your for for this opportunity. Wow what an incredible

[00:24:02] goal and after our conversation I'm left with a profound understanding of the landscape of

[00:24:07] GenaVtv AI readiness amongst enterprises I've heard so many stories over the last 18 months

[00:24:13] somewhere in denial for a certain amount of time others were very very nervous about

[00:24:18] what happens to company data in machine learning language models and many were concerned about

[00:24:23] regulation and you just sat on the sidelines but I think that has gone now and the insights from

[00:24:29] the WNS and every group survey they illuminate a path forward they highlight the critical elements

[00:24:36] of technology data process and how people will dictate the pace of success of generative AI

[00:24:44] integration it's not AI taking over it's people and AI collaborating with one another not competing

[00:24:52] and also I think Sanjay's expert analysis underscores that importance of strategic

[00:24:57] partnerships ethical consideration a human-centric approach to navigating some of the challenges

[00:25:03] and those fantastic opportunities that lie ahead but as industries continue to evolve and adapt

[00:25:10] to this technological renaissance of sorts I think it's clear that gen AI will play a central role

[00:25:16] in transforming customer experiences and operational models alike but of course the bigger question is

[00:25:23] what step will you and your organization tech to harness the potential of generative AI how are

[00:25:29] you going to navigate this journey ahead he is complex it's probably something you can't do on

[00:25:34] your own you're going to need a little help you're going to need those strategic partnerships

[00:25:37] but please I invite you to share your thoughts join this conversation I want us all to explore

[00:25:42] the limitless possibilities of this AI driven future I think we can all accept it's not going

[00:25:47] anywhere now none of us have got the answers on our own but together if we could pull our resources

[00:25:52] put all of our ideas concerns and everything in between put them in a big melting pot man we

[00:25:58] could learn so much from each other so as always email me tech blog writer outlook.com twitter

[00:26:04] LinkedIn instagram at neil c us let's keep this conversation going and I've got another great guest

[00:26:11] lined up tomorrow I feel very fortunate at the moment to have had so many great guests and

[00:26:16] we've had people from Microsoft from Intel BAE KPMG couch base Twilio they're just a few that I've

[00:26:24] been speaking to this week and if you'd like to come on the podcast please let me know we do

[00:26:27] have a bit of a backlog of about six weeks to get on the show but if you'd like to join me

[00:26:32] let me know but that's it for today so thank you for listening as always and until next time don't be a stranger