Avinash Misra, CEO & Co-Founding father of Skan.AI – Interview Sequence

[ad_1]

Avinash Misra is the CEO and co-founder of Skan.  Avinash is a lifelong entrepreneur with a confirmed document of taking ventures from seed to liquidity. He has constructed profitable ventures within the enterprise digital transformation area and his final enterprise was acquired by Genpact (NYSE : G). Avinash’s perception for Skan took seed in massive scale Enterprise Course of Transformation tasks which he has led over the past decade.

Your earlier firm Endeavour Software program Applied sciences was finally acquired by Genpact. What was this firm and what had been a few of the key classes that you simply discovered?

This firm was a front-office digital transformation specialist. That’s, it specialised within the construct and deployment of particular applied sciences equivalent to pc imaginative and prescient, chatbots/ pure language processing (NLP), and enterprise cell apps to enhance and remodel customer-facing enterprise processes. 

We discovered two key classes. First, when know-how is utilized for its sake solely, it creates each technical and course of debt. Second, essentially the most worth is derived when know-how particularly approaches the tip consumer with empathy and a design-think mindset. 

May you share the genesis story behind Skan?

“Automation begins when automation fails.” In a single sentence, this was our starting. Once we constructed RPA bots for advanced enterprise processes, we repeatedly observed that after a bot was deployed it failed rapidly as a result of it didn’t have in mind all the nuances, permutation, and exceptions of that enterprise course of. Each time a bot failed, it grew to become another lacking permutation of labor. It was an countless cycle of deployment and failures. 

So, why don’t we all know all of the nuances of enterprise processes?

We don’t know all of the nuances of enterprise processes as a result of all course of discovery is completed by human enterprise analysts who ask the method brokers to explain work. People are spectacularly unreliable in describing issues which have a way of familiarity or ordinary and routine. These are sometimes issues they’ll do properly, however can by no means describe with the wanted accuracy. Therefore, we constructed Skan to look at actual work and perceive that work and the processes, reasonably than interview and doc people.

Skan is partially a course of discovery platform. May you outline what course of discovery is for our readers?

Course of discovery is a broad time period that refers back to the act of discovering or studying how processes work at an operational or structural degree. That is notably difficult with processes that contain human-system interactions with a whole bunch or 1000’s of staff, dozens of software program functions, and complicated workflows. A fantastic instance is the claims administration course of.  

At this time, Skan is definitely greater than a course of discovery platform. Skan generates a deep understanding of labor (course of discovery) and gives superior analytics to assist course of house owners and transformation leaders measure, analyze, and enhance KPIs that drive enterprise outcomes such because the buyer expertise, income, and value.  We name this broader functionality: course of Intelligence or the systematic assortment of knowledge and the end-to-end course of and software of that information to manage enterprise outcomes or to study, perceive, and make selections. 

In accordance with a research performed by Ernst & Younger, 30% to 50% of automation tasks fail. Why do you imagine that is so excessive?

Primarily based on working with our prospects, we discover that one of many key obstacles to automation success is lack of visibility into present state of KPIs throughout the lifecycle of automation tasks. 

As an example, in an effort to qualify an automation challenge, we have to baseline the present state KPIs and construct a enterprise case. Within the experimentation part, we have to determine know-how patterns and outline goal (to-be) KPIs primarily based on present state KPIs. Through the design, develop, check, and operationalization part, we have to align with the basis reason for the issue to unravel. 

Lastly, within the validation part the place we measure funding payback and advantages realization, we want traceability to the to-be KPIs. So, we see that throughout this complete lifecycle, transparency and traceability to present state KPIs and root causes is required. And, but, based on Forrester Analysis (2021), solely 16% of organizations say they’ve full visibility into how processes work. It’s no marvel automation tasks battle to ship worth. 

Are you able to clarify what procedures Skan takes to guard the privateness of individuals which can be being monitored and delicate enterprise knowledge?

It is very important be aware that we don’t monitor individuals. We solely observe particular components of labor (not the entire display screen). These components are particular work functions which can be predefined upfront.

That mentioned, for any functions noticed, all delicate work knowledge is redacted. We even have the power to anonymize the hyperlink between the one who did the job and the method. The names of people working within the course of could be anonymized, too.

May you talk about how Skan makes use of machine studying and particularly deep studying?

Skan incorporates a number of AI and machine studying algorithms to handle numerous issues equivalent to anonymizing delicate info (each textual content and picture knowledge), abstracting low-level occasions to enterprise actions, inferring course of graphs, and discovering course of variations.

What are some examples of actionable insights which were gained from this course of?

Skan helps course of house owners and transformation leaders measure, analyze, and enhance KPIs that drive enterprise outcomes. Some instance insights are:

Effectiveness:

  • Unit price of manufacturing
  • Useful resource (workforce) utilization
  • NPS enchancment

Effectivity:

  • Automation discovery
  • First go price
  • Course of compliance
  • Capability (workforce) planning
  • Diminished course of variability

What’s your imaginative and prescient for the way forward for course of intelligence?

Our imaginative and prescient for the way forward for course of intelligence is to remodel the best way individuals work to allow them to enhance productiveness and attain their full potential. 

At this time, the worldwide pyramid of labor has a broad base of non-value added duties and a really slender high of value-adding duties. Our imaginative and prescient is for course of discovery to invert this pyramid.

Thanks for the good interview, readers who want to study extra ought to go to Skan.

[ad_2]

Leave a Reply