SME Times News Bureau | 25 Feb, 2020
In an exclusive interview with SME Times, Saurabh Limaye,
Managing Director, Jet2 Travel Technologies, emphasised the need for
re-skilling and up-skilling for companies to remain competitive in the market.
Excerpts of the interview…
How did Jet2 Travel Technologies come into formation?
Jet2 has grown impressively over the last six to seven
years, its key strategic focus being, to give its customers memorable holiday
experiences by offering great products and excellent customer service at
affordable prices. Revenue has almost tripled since 2015, from £1.25 billion to
£3.14 billion in 2019, while profitability has grown from £52 million to £180m
in the same period. IT has played a key role in supporting this exceptional
growth story and it is fully expected that IT will play an even more important
role in the coming years for Jet2 as the world becomes more digital.
As such, Jet2 needed to further strengthen its IT team to
keep pace with business growth and it was decided to strengthen and expand the
current IT teams in Leeds and Sheffield (UK) and also set-up its IT delivery
function in Pune, India through launch of Jet2 Travel Technologies. Given the a
large pool of IT professionals in Pune, it is expected that the Pune centre can
ramp up quickly while maintaining a high quality of technical talent.
What are the services offered by Jet2TT? Is Jet2TT working
on any innovative technological platforms? If yes, how is it adding value to
the company?
Jet2TT will work on some very exciting strategic projects
this year– mainly greenfield projects that will including looking at some
leading edge solutions around AI, RPA and workflow.
Some examples of the applications/ software development that
Jet2TT will be getting involved with are:
- Revenue Management
and Optimisation
- Mobile App
Development
- Financial System
(Accounts Payable/Receivable, Invoice matching and Optical Character
Recognition)
- Oversees Operation
System
- Product
Information Management/ Digital Asset Management
All these applications will be built using latest
technologies such as .Net core & Kafka, and deployed in to multiple Cloud platforms using Kubernetes.
The applications created by Jet2TT will address critical
areas such as customer experience management, revenue and profit optimisation
and building process efficiencies – as such the contributions will help Jet2 to
strengthen it’s top line growth and profitability.
How is up-skilling of talent an important aspect in
today's evolving market scenario? How is Jet2TT ensuring the same? How is
Jet2TT helping in the growth and development of resources and talent
At Jet2TT we are very finicky about hiring the right talent.
We only hire people with a go-getter attitude who are confident to communicate
and work with a multi-national teams and possess top notch tech skills. This is
an extremely niche combination, we have had to go through around 1200
applications to hire the first 25 team members that meet our requirements. As
such, we strongly believe in retaining top talent as it is very difficult to
find in the first place. We therefore focus on re-skilling and up-skilling our
existing teams rather than hire externals.
In today’s market it is extremely important to re-skill/
up-skill because
Technology is
changing fast, companies need to keep pace with these changes to stay relevant.
For example, any customer
facing asset is now designed with a ‘mobile first’ approach, companies that
don’t recognise this will compromise the customer experience for around 2/3rd
visitors who primarily use mobile devices. As such companies need to invest in
preparing a workforce that can design top quality mobile applications and
mobile friendly websites
Every customer
expects to be treated as an individual rather than one-of many, as such
customising and dynamically packaging individualistic offers for customers is a
must. To do this, your traditional IT development teams will not be sufficient
as this requires a combination of statistics, behavioural science, data science
and new age development frameworks. It is therefore essential to have a trained
workforce available to deliver such intelligent solutions.
ou cannot change
your workforce based on changes in technology as it affects your
brand as a credible employer. New team members
will need significant time to understand about your company and you will lose
immense knowledge that your existing team possess, thus placing you with a
competitive disadvantage
As per one of the
leading consultancies report, Every five years, an employee’s skill is half as
valuable as before, meaning reskilling is the need of the hour, if the
employees have to stay relevant and safeguard their jobs.
Investing in
employees makes them feel valued and gives them a chance to offer something
more than their current capabilities, as such these employees will become your
brand ambassadors and will help further your brand reputation.
Jet2 Travel Technologies will lead the way to create a
‘mini’ university for Jet2 IT staff. This will help the IT staff to pick and
choose various training, knowledge artefacts and certifications to pursue
learning and career progression, while gaining practical knowledge and guidance
through mentorship programs. The Indian team would also have a great
opportunity to work alongside our UK colleagues to get some unique
international exposure
The growing role of technology in the travel sector.
Please elaborate.
The major employment sectors for IT professionals in India,
namely Banking & Finance and Healthcare are heavily regulated. In
comparison travel sector is less regulated and thereby offers more
opportunities for doing ‘different things’ rather than just ‘doing things
differently’. In addition, leisure travel sector is a lifestyle product and
there is a great opportunity for companies to create brand loyalty through
establishing emotional connect with its customers. All these become
considerations for the increasingly important role that technology will play in
the travel sector.
Some broader themes that technology will significantly (and
positively) impact in the travel sector are
Customer
experience: Identifying every customer as an individual based on single
customer view across multiple channels of communications (call centre, in-shop,
social media, emails etc.), to allow for
- Bespoke offers
- Better
customer service taking care of individual likes and dislikes
- Quicker and
more efficient grievance management
Digital
experience: The digital rich media assets (such as HD images, videos, 360
views) are growing exponentially with smart phones. Leveraging these assets to
create a more immersive experience for customers will help boost chance of
customer acquisition and retention. As an example, companies can empower the
customer to create a short video of their planned itinerary with their
co-travellers, who can then add or remove the items from it, this offers a
significantly more interactive and immersive way of planning the holidays.
Another case in point is virtual tour through VR of the resorts/ holiday
destinations, that is a massive improvement over the static mediums such as
photos or videos.
Revenues &
Profit: Evolution of Artificial intelligence, Machine learning and data science
will allow the companies to optimise revenue and profit. For example, the
airline ticket pricing could become more intelligent and dynamic, the online
spot discounts will be smarter (and at a right level) to increase sales, in
general the pricing systems could become more humane to react quickly and
accurately to changing dynamics such as cancellations or strikes.
IoT: There are various aspects of travel that
companies can re-think leveraging the evolution of internet of things (IoT). For examples, the
long ques at the hotel reception could be eliminated by offering digital room
keys through mobile applications, various offers could be prompted to customers
in bars, restaurants and shops within resort using beacons to accurately locate
them etc.
It is not unfair to say that IT is no longer just a support
function in the travel sector, it is a major differentiator today and its
criticality in a travel company’s success will increase manifold in the coming
years.
What are the growth plans of Jet2TT in the next 2 years?
The current plan is to build a 150+ strong team in 2020 and
then eventually scale up to about 300 people team. In the meantime, Jet2 Travel Technologies
will also add another delivery centre in Pune (current centre can sit around
130 people) in 2020. The initial focus is to culturally and functionally
integrate the India and UK IT teams and deliver high quality software for Jet2.
Innovation is another key agenda for the future, as the Pune centre will work
with the UK offices to create innovative software that will further enhance
customer experience for Jet2 customers on one hand and improve the internal
business processes on the other hand.
What unique opportunities does Jet2TT offer to its
employees?
The Indian team would have a great opportunity to work
alongside Jet2 UK team as colleagues rather than supplier resources and thereby
gain some unique international exposure and in the process preparing them for
leadership roles.
In addition many exciting developments based on latest
technologies are planned in the near future, this will present an opportunity
for Jet2TT team to learn new skills and get hands on exposure to use these
skills. Lastly, innovation is one of the key agenda for Jet2TT, all team
members will be encouraged to come-up with innovate ideas and empowered to
spend company time to develop these ideas through events such as hackathons,
innovation week etc.
What is the current
scenario of 'Global In-house Centre' model in India and the way forward.
With the advent of digitization and technological
disruptions, Global In-house centres (GIC) are redefining the way global
companies leverage talent pool across the globe. Earlier, GICs were setup
exclusively with the aim of achieving cost arbitrage over the traditional
outsourcing model, however; over the years, this has gradually evolved and
today VCCs are an integral part of the organization, leading mission critical
deliveries and innovation. From merely
being a delivery centre for businesses to becoming a strategic hub providing value
added services and research & development, GICs today are an important
pillar of the organization’s overall growth and success. The Indian government
policies have also been conducive to the growth of GICs through simplification
of erstwhile bureaucratic processes for company set-up & compliance on one
hand while introducing various incentives such as GST refunds, export promotion
schemes and reduction in corporate tax rates on the other hand.
GICs have come a long way in the last years and today they
offer a very compelling alternative to the traditional third party outsourcing
for the global organisations. At the same time, the GICs have become a very
exciting avenue for IT talent pool to build careers and stand-out at a global
level. As is true with any other sectors, GIC model is evolving continuously in
form and shape to overcome the existing challenges and build the immunity for
the future challenges, but it definitely is here to stay and grow over the
coming years!
Is the economic slowdown impacting your business in any
manner? How are you coping with the same?
Jet2 has grown impressively over the last six to seven
years, its key strategic focus being, to give its customers memorable holiday
experiences by offering great products and excellent customer service at
affordable prices. Revenue has almost tripled since 2015, from £1.25 billion to
£3.14 billion in 2019, while profitability has grown from £52 million to £180m
in the same period. So, the economic slowdown has not impacted Jet2 business as
yet. However, we are not complacent and are ready to tackle the future
challenges by being financially strong to handle any slowdowns (cash reserves),
by investing in various initiatives to further improve customer experience and
leveraging technology to drive efficiencies and reduce costs.