1.8 million hours or $36 million!
January 27, 2012 Leave a Comment
You must be wondering about the title.
TIME is MONEY, isn’t it?
Software companies in India typically target revenue of around $20 per person per hour. Now you understand why I equated 1.8 million hours to 36 million dollars!
But what significance does 1.8 million hours have? Well, since initiating sales in January 2011, our product Sapience has helped analyse $36 million .. oops, 1.8 million office hours.
Sapience is an enterprise solution that provides automated visibility into Time/Effort at work. In 2011, it analysed the equivalent of 1.8 million hours, which equals to 225,000 work days, representing 10,714 person-months, or 893 person-years of work effort!
This is simple accounting, so what’s the big deal?
The BIG DEAL is what Sapience discovered at over 40 customer and pilot installations. We found the potential for companies to gain 20% more productive work hours.
We all assume that a typical work day consists of 8 hours excluding lunch time. After discounting for tea/coffee and bio breaks, and some personal browsing etc., one expects around 7 hours of work.
Sapience discovered instead that productive work averages 5.5 hours, with a significant variation between the top 20% who put in 7.5+ hours and the last 20%. Sapience is helping companies to bridge the gap, gaining at least 1 additional work hours per person per day.
In 2011, with the base 1.8 million hours, our product has or can gain 300,000 or more work hours. This converts to a value worth 6 million US dollars collectively. This is the BIG DEAL that I referred to earlier.
We are excited about delivering exceptional value and return on investment (RoI) to our customers. With our customer and user base expanding rapidly, we expect that Sapience will deliver a similar value (worth 6 million US dollars) to our TIME CONSCIOUS customers in the first 3 months of 2012.
Avinash Sethi
Chief Marketing Officer
avinash.sethi@innovizetech.com
