In the ever-evolving landscape of Business Process Outsourcing (BPO) industries, staying ahead of the curve in terms of technology is imperative for success.
In a recent episode of the Future Workforce podcast, Nick Sinclair, the Founder of TOA Global, shared invaluable insights gained from his company’s journey through the challenges of tech development and digital transformation.
Five years ago, TOA Global took a significant step by bringing in a CEO to lead their digital transformation efforts, with a focus on automating processes and leveraging technology to enhance overall efficiency.
The journey towards digital transformation
TOA Global’s initial foray into digital transformation involved the development of their own timekeeping app. However, this endeavor was not without its challenges. Despite their best efforts, the app wasn’t perfected, leading to disruptions in service for both team members and clients. This setback emphasized the importance of thoroughly considering the flow-on effects of implementing new technology and understanding its potential impact on the business.
Learning from mistakes
The key lesson from TOA Global’s experience was the realization of the need for more sophisticated technology as the company continued to grow. Nick Sinclair advises businesses to be cautious about delaying the implementation of necessary technology until it becomes an urgent need. Learning from their own mistakes, TOA Global recognized that staying ahead of the curve and anticipating future needs is crucial in the fast-paced world of BPO.
The journey towards building a world-class tech system was not without its challenges. However, TOA Global persevered, understanding that overcoming obstacles is an inherent part of the digital transformation process. Sinclair’s insights shed light on the importance of resilience and adaptability when navigating the complexities of tech development in the BPO industry.
The future of BPOs: A blend of internally built and external solutions
Sinclair envisions the future of BPOs as a landscape where companies utilize a mix of internally built solutions and external suppliers. The focus will be on creating seamless connections and integration among different systems to optimize efficiency and productivity. This approach reflects a strategic blending of in-house innovation and external expertise to stay at the forefront of technological advancements.
Data as the new oil in BPO
Looking ahead, Sinclair emphasized the pivotal role of data in the BPO industry. Drawing parallels with the significance of oil in traditional industries, data is poised to fuel advancements in AI and machine learning within BPOs. This underscores the need for businesses to not only collect but also leverage data intelligently to drive informed decision-making and gain a competitive edge.
TOA Global’s journey through the challenges of tech development and digital transformation provides valuable insights for businesses in the BPO industry and beyond. From learning the importance of anticipating future technological needs to navigating setbacks and embracing a blend of internal and external solutions, Nick Sinclair’s experiences offer a roadmap for companies aiming to thrive in an era where technological innovation is paramount.
As the BPO landscape continues to evolve, staying agile, learning from mistakes, and harnessing the power of data will be crucial elements in achieving long-term success.
Andy is a technology & marketing leader who has delivered award-winning and world-first experiences.