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Leveraging Technology for Shared Services Transformation

In: Innovation, Technology, and Market Ecosystems

Author

Listed:
  • M. V. N. Naga Lakshmi

    (School of Management, SRM Institute of Science and Technology)

  • Y. V. N. Sai Sricharan

    (Verizon Data Services India Limited)

  • T. Vijayakumar

    (School of Management, SRM Institute of Science and Technology)

Abstract

The study aims to gauge the influence of the increasing role of technology on Shared Services (SS) operations and efficiency. Based on information gathered by means of a questionnaire-based survey from over 100 Shared Service practitioners representing over 60 Shared Service Organizations (SSOs) across 14 industry segments in select cities of south India, where most Shared Service Centers (SSCs) are located, the findings of the survey reinforced that technology is largely considered a game changer for Shared Services, fundamentally changing the way SSCs operate. SSCs are harnessing technologies of Intelligent Process Automation such as Digital Process Automation, Robotic Process Automation, Machine Learning, and Cognitive and Artificial Intelligence in not just decreasing the effort required for repetitive, labor-intensive tasks but empowering SSCs to engage efficiently and accomplish higher-value objectives while they continue to stay competitive and meet changing customer needs effectively.

Suggested Citation

  • M. V. N. Naga Lakshmi & Y. V. N. Sai Sricharan & T. Vijayakumar, 2020. "Leveraging Technology for Shared Services Transformation," Springer Books, in: Rajagopal & Ramesh Behl (ed.), Innovation, Technology, and Market Ecosystems, chapter 0, pages 51-64, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-23010-4_3
    DOI: 10.1007/978-3-030-23010-4_3
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