Crowd Machine documents cost savings, accelerated delivery and ROI. Examples include Claims Acceleration and Automation, Medicare/Medical Solutions, Lending Solutions. Enhance Business Process in 3 months!
We recently collaborated with a CIO of one of our clients to estimate what adoption of Crowd Machine’s technology means for his firm’s enterprise application solutions and the related enhancement to operations and customer service. We started by developing some metrics around 12 projects under consideration for development. We compared development by traditional methods versus development with Crowd Machine, based on the firm’s prior experience with both. We documented the estimated cost, value, and projected ROI over 36 months and an assigned Value Factor used to prioritize development. Value is defined as savings on execution of current business processes, expansion of the firm’s supply of their product or service in current or new markets, or entire new products and services.
- 36 Month Cost to develop 12 projects traditional method, $7.624M
- Cost to develop 12 projects on Crowd Machine $4.724M
- ROI on 12 projects with Crowd Machine $52.826M
- Value Factor (ROI/Cost) 11.55
