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Social media today is catching everyone’s attention in driving work efficiency. Organizations are adopting it to equip themselves with a collaborative platform to bring in productivity and work efficiency.
Deploying a secure and highly customizable enterprise social platform allows companies to create a flexible environment that is able to capture valuable insights and more easily engage all key stakeholders – employees, customers, partners and suppliers – to accelerate innovation and deliver results.
Polaris, a player in financial technology for Banking and Insurance has adopted IBM’s social collaboration platform for its 12,500 employees to connect, communicate and collaborate and drive greater workforce productivity.
Octopus is an Enterprise Social Networks built by Polaris on the IBM Connections platform.
Octopus ushered an 8% reduction in effort, lowered attrition by 4% and reduced on-boarding time by a whopping 75% --Shashi Mohan, CTO & CIO, Polaris Financial Technology
The platform will help Polaris to leverage the collective knowledge of every employee to fuel new innovation, ideation and future business growth. It will manage all project deliveries, customer related interactions, knowledge-sharing, online collaboration and employee engagements taking place across the business.
Polaris designed and developed Octopus, that runs on IBM Connections and uses APIs provided in the IBM Social Business Toolkit. This application makes it easy for IBM partners and clients like Polaris to build an entirely new class of cloud-based social business applications for their businesses using the Connections foundation.
With Octopus, Polaris is able to apply social networking, social learning, digital experiences and knowledge/content management tools based on an open cloud-based, mobile architecture.
Octopus manages all project deliveries, customer related interactions, knowledge-sharing, online collaboration and employee engagements taking place across the business – a transformation that has helped increase total enterprise productivity.
“Octopus has enabled our company to better understand the role between employee engagement and business performance. Equipping our workforce with an effective social collaboration platform has created a more flexible working environment and helped to improve communication within the organization and with our customers,” said Shashi Mohan, CTO & CIO, Polaris Financial Technology.
“In fact, this effect can be quantified. Our analysis has shown that Octopus has ushered an 8 percent reduction in effort, lowered attrition by 4 percent and has reduced on-boarding time by a whopping 75 percent!”
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