A Center of Excellence is a vital component for 10x growth.
A Center of Excellence (CoE) is a vital component of any organization who want to realize digital transformation and growth across their business. It is a centralized unit of dedicated people with a mission to streamline access to scarce, high-demand capabilities for rapid execution across the business. COE hones expertise in a specific subject area, standardizes global best practices for wide-scale adoption, and provides thought leadership & direction in their area of expertise.
According to Gartner, COEs exist to “concentrat(e) existing expertise and resources in a discipline or capability to attain and sustain world-class performance and value.” These virtual or physical centers combine learning and oversight in a specific area, driving the organization to shift across multiple disciplines together.
In the context of process management and automation, concentrating these expertise and resources in a Center of Excellence framework means that when you scale up the business / production you can realize economies of scale, with a decreased turnaround time for generating additional workflows and reduced costs in production.The current conditions have compressed budgets, reduced the workforce, and disrupted company processes worldwide. Many organizations now face the challenge of adapting to a new normal or suffering adverse economic effects.
Building a Center of Excellence is an excellent way to ensure alignment and growth of Business.
Learn more about how your organization can leverage through engagements and dynamically access vetted external resources through our excellent network. Connect to Roobaroo Consulting for a pathway to map and build a Centre of Excellence for your Business / SBU.