Research
The Hackett Group Announces 2024 Digital Award Winners
3M, MTN Group, IBM, CMA CGM, Johnson & Johnson, Intermountain Health, WNS, and Micron Technology, Inc. Are Recognized for Their Cutting-Edge Digital Transformation Achievements
Miami, FL – September 24, 2024 – The Hackett Group, Inc. (NASDAQ: HCKT) today announced the winners of its 11th Annual Digital Awards, which spotlight companies on the cutting edge of digital transformation. 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).
The 2024 Digital Award winners and their win categories are: 3M (Order-to-Cash), MTN Group (Source-to-Purchase), IBM (Plan-to-Results), CMA CGM (Market-to-Opportunity), Johnson & Johnson (J&J) (Global Business Services – Service Desk), Intermountain Health (Talent Acquisition), WNS (Talent Management), and Micron Technology, Inc. (Purchase-to-Pay).
“This year, the quality of the applications received was exceptional,” said Vin Kumar, principal of AI and Digital Operations practice leader and a judge of the competition. He noted that several entries would have won an award for their creativity and sophistication in prior years.
Key trends highlighted by Kumar and the other judges include:
- Robotic process automation, intelligent data extraction and other elements of the hyper-automation fabric are becoming increasingly common.
- Generative AI (Gen AI) is quickly moving from the proof-of-concept stage to the adoption stage, evidenced by its use by numerous 2024 Digital Award winners.
- Automation centers of excellence are building containerized automation solutions using a modular architecture that can be used in multiple use cases – “almost like LEGO blocks” – Kumar said.
- Digitalization is accelerating. “The speed and agility with which these solutions are being developed continues to impress us. We believe this is the beginning of the exponential growth phase,” Kumar said.
“There is no doubt that the pace of change continues to accelerate,” said David Ketchin, managing director of Europe.
The following abstracts are drawn from the applications submitted by these 2024 Digital Award winners:
3M – Winner, Order-to-Cash – Email Complaint Automation: CIR Double Down
3M was selected as the Order-to-Cash winner for its investment automation and an AI-powered assistant that’s revolutionized its customer issue handling. Issues successfully triaged through the system save at least eight minutes per case compared to those not handled by automation.
MTN Group – Winner, Source-to-Purchase – Compliance Passport
MTN Group, a leading African telecommunications conglomerate, has been recognized for its innovative Compliance Passport solution with the prestigious Source-to-Purchase award. Developed entirely in-house by the Procurement Excellence team, the compliance Passport revolutionizes procurement risk management. The Compliance Passport generates a risk cube, enabling predictive risk assessment and ensuring robust procurement governance across MTN’s entire supplier database. By aggregating and processing data from multiple enterprise resource planning systems and integrating external data sources – such as sanctions lists, adverse media reporting and politically exposed person databases – the Compliance Passport provides a comprehensive 360-degree view of the supplier network. This ensures no critical information is overlooked, significantly enhancing MTN’s due diligence process. Furthermore, the Compliance Passport has delivered a remarkable 95% reduction in supplier due diligence and onboarding cycle time, streamlining the procurement process and driving efficiency.
IBM – Winner, Plan-to-Results – IBM AI-Driven Insights for Enterprise Performance Management
IBM was chosen as the Plan-to-Results winner for its enterprise performance management initiative, which consolidated numerous information management and reporting environments into a single insights and analytics platform. It also uses several different AI solutions, including a Gen AI chatbot (AskEPM), to answer questions and describe business insights. IBM saves millions of hours a year formerly spent on sourcing, organizing and integrating data, delivering hundreds of millions in business value.
CMA CGM – Winner, Market-to-Opportunity – iBoost
The CMA CGM Group – a global player in sea, land, air and logistics solutions – won the Market-to-Opportunity category award for its iBoost program, which digitizes and streamlines complex booking confirmations and bill of lading (BL) creation. Using robotic process automation and rules engines, iBoost helps CMA CGM to automate 34% of booking confirmations and publish 55% of BL drafts within five minutes, ultimately delivering a better service to customers.
Johnson & Johnson – Winner, GBS Service Desk – JAIDA: Convo AI and Gen AI
J&J was chosen as this year’s GBS Service Desk winner for its JAIDA Conversational and Generative AI solution. JAIDA – a multilingual platform – utilizes AI to engage employees in conversations, answering human resources, payroll, benefits, procurement, and expense reporting questions. To date, JAIDA has engaged in over 17,000 conversations, answering successfully 80% of the time, delivering an estimated 200+% return on investment over the past three years.
Intermountain Health – Winner, Talent Acquisition – Improving Talent Acquisition With Gen AI
Intermountain Health was selected as the Talent Acquisition winner for its reimagined and Gen AI-powered talent acquisition process. The Intermountain team used automation and Gen AI capability to redesign, streamline, and automate tasks, freeing staff to focus on higher-value activities, including career development. They have reduced position time-to-fill from 65 to 35 days, eliminated their need and dependency on outside recruiters, and realized cost savings benefits of over 2,000%.
WNS – Winner, Talent Management – TalentTurf™: Empowering Next-Gen Workforce With AI-Powered Performance Engagement
This year’s Talent Management winner – WNS – was chosen for its TalentTurf solution. Rapid digital transformation and the growing millennial workforce constantly create a need for organizations to redefine their work culture to align closely with business goals. WNS TalentTurf is a people-first engagement platform that moves the needle from performance reviews and management to insights-led performance conversations. TalentTurf’s impressive success in its first year is a testament to WNS’ strategic investment and commitment to innovation. By reducing the performance review cycle time by 47% and boosting employee engagement scores from 3.6/5 to 4.3/5, we’ve achieved a remarkable 600% return on investment. Our solution has saved 24 to 120 person-hours annually per stakeholder and eliminated the system expenditure on performance management product license costs for 40,000 to 50,000 employees. This success underscores our commitment to leveraging innovation and technology to drive significant value for our clients and stakeholders.
Micron Technology, Inc. – Winner, Purchase-to-Pay – Micron’s Global Procurement AI Journey – Intelligent Assistant Front Door
Micron Technology won this year’s Purchase-to-Pay award for its Intelligent Assistant Front Door solution. The Intelligent Assistant Front Door is an AI-powered conversational bot that provides a one-stop experience for procurement’s stakeholder interface, inquiries and actions. It automates source-to-pay tasks, executes workflows and provides employees with real-time updates. Micron procurement projects that its employees will spend approximately 40% less time on inquiries, approximately 20% less time waiting on purchase orders and benefit from approximately 15% time improvement in invoice reconciliation. Micron’s procurement team estimates employees have saved thousands of hours through the Intelligent Assistant Front Door’s use and have realized a 40% return on investment in the initial first year of implementation.
About The Hackett Group
The Hackett Group, Inc. (NASDAQ: HCKT) is an IP-based, Gen AI strategic consulting and executive advisory firm that enables Digital World Class® performance. Using AI XPLR™ – our AI assessment platform – our experienced professionals guide organizations to harness the power of Gen AI to digitally transform their operations and achieve quantifiable, breakthrough results, allowing us to be key architects of their Gen AI journey.
Our expertise is grounded in unparalleled best practices insights from benchmarking the world’s leading businesses – including 97% of the Dow Jones Industrials, 89% of the Fortune 100, 70% of the DAX 40 and 55% of the FTSE 100 – and are delivered leveraging our Digital Transformation Platform, Hackett Connect™ and Quantum Leap®.
For more information on The Hackett Group, visit https://www.thehackettgroup.com/ or email media@thehackettgroup.com.
Trademarks
The Hackett Group, quadrant logo, Quantum Leap and Digital World Class are the registered marks of The Hackett Group.
Cautionary Statement Regarding “Forward-Looking” Statements
This release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements including without limitation, words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” or other similar phrases or variations of such words or similar expressions indicating, present or future anticipated or expected occurrences or outcomes are intended to identify such forward-looking statements. Forward-looking statements are not statements of historical fact and involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statements. Factors that may impact such forward-looking statements include without limitation, the ability of The Hackett Group to effectively market its digital transformation, artificial intelligence, and other consulting services, competition from other consulting and technology companies that may have or develop in the future, similar offerings, the commercial viability of The Hackett Group and its services as well as other risk detailed in The Hackett Group’s reports filed with the United States Securities and Exchange Commission. The Hackett Group does not undertake any duty to update this release or any forward-looking statements contained herein.
Contact
