Study Data · Part 1 · Indicator Deep-Dive Analysis

How many AI agents are running in production on this engagement today?

Indicator C043 · By Phil Hatch · Akholi · October 9, 2026

Indicator Specification

Table 1. Indicator specificationTable
FieldValue
Indicator codeC043
Question as askedHow many AI agents are running in production on this engagement today?
Failure categoryNot one of the 100 rated indicators
Place in the surveyEngagement Details > 2.3 Scale and Team > Agents
Indicator classEngagement attribute
Indicator typeTyped number
Response scaleA number, as typed or recorded
Answering base787 of 850 respondents, across 150 of 150 engagements
Non-answersI do not know 1, I prefer to not answer 0, blank 62
Written responses coded to the indicator4 responses from 4 respondents on 4 engagements (0 primary, 4 secondary)

Summary of Findings

Table 2. Key results: association of the indicator with the four study measuresTable
MeasureFormnr95% CIp
Cancellation rateDescriptive contrast150 engagements−0.01−0.17 to 0.150.922
Customer satisfactionClean estimate94 engagements0.06−0.15 to 0.260.573
Engagement indicator meanFull150 engagements0.03−0.13 to 0.190.746
Intent to leaveRespondent level, clustered742 respondents0.01−0.17 to 0.170.913

At least half of respondents reported no AI agents running in production on their engagement (mean 1.2, median 0.0, n = 787 respondents). The association with cancellation was equivalent to zero (TOST p < 0.001). Customer satisfaction on active engagements showed the same tested null (TOST p 0.008). The association with the engagement indicator mean was also equivalent to zero (TOST p < 0.001). Intent to leave returned a tested null as well (TOST p < 0.001). The agent count differed after Holm control by class of work only (Welch F 10.30, Holm p 0.007, omega squared 0.057).

The indicator had 4 written responses coded to it, from 4 of 850 respondents on 4 of 150 engagements. Negative responses numbered 2 of the 4 scored responses. No response carried the strongest negative score, −10. Every response was a secondary response, written in answer to a question outside the indicator’s own survey section.

Distribution of Responses

Table 3. Distribution of responses, respondent levelTable
AnswerRespondentsShare of answered (base 787)Cumulative shareEngagements with at least oneShare of 150 engagementsDistressed
0.0 to 1.263680.81%80.81%12080.00%Not applicable
1.2 to 2.470.89%81.70%21.33%Not applicable
2.4 to 3.6192.41%84.12%42.67%Not applicable
3.6 to 4.8212.67%86.79%53.33%Not applicable
4.8 to 6.0141.78%88.56%32.00%Not applicable
6.0 to 7.2455.72%94.28%85.33%Not applicable
7.2 to 8.4151.91%96.19%32.00%Not applicable
8.4 to 9.6121.52%97.71%21.33%Not applicable
9.6 to 10.800.00%97.71%00.00%Not applicable
10.8 to 12.0182.29%100.00%32.00%Not applicable
I do not know1Not in baseNot in base10.67%Not applicable
I prefer to not answer0Not in baseNot in base00.00%Not applicable
Answered, total787100.00%150100.00%
Table 4. Distribution of responses, engagement levelTable
Engagement level summaryEngagementsMean of engagement meansSDMinMedianMaxEngagements with a distressed meanShare of engagements distressed
Engagement means, as recorded1501.22.70.00.012.0Not applicableNot applicable

The study set mean was 1.2 on 787 answering respondents, with a median of 0.0.

Coverage and Origin of Written Responses

Figure 1. Written responses coded to the indicator, by the question answered and by written score (n = 4 responses)Exhibit
012345C135 (secondary)Written responses−10 Strongly negative−5 Negative0 Neutral+5 Positive+10 Strongly positive
Note: Primary responses were written in answer to a written-answer question in the indicator’s own survey section. Secondary responses were written in answer to a question outside that section and coded to the indicator because their content addressed it. Segments run from −10, strongly negative, in full amber at the left to +10, strongly positive, in the darkest gray at the right. Segments of 3 or more responses are labeled with their count where the drawn segment can hold the label. C135 asked: “Add any comments on your employer that the ratings in this section do not capture.”
Table 5. Written responses by originTable
OriginResponsesRespondentsEngagementsNegativeStrongest negative (−10)PositiveMean written score
Primary000a
Secondary4442 of 40 of 41 of 4‡
All responses4442 of 40 of 41 of 4‡
Note: ‡ Base under 10. No statistic is reported. a No scored responses.

All 4 responses were secondary responses. The secondary responses came from 4 respondents on 4 engagements, in answer to 1 question outside the indicator’s own survey section (C135 with 4 responses).

Distribution of Written Sentiment

Figure 2. Distribution of written sentiment (n = 4 scored responses)Exhibit
0 of 4−10 Stronglynegative2 of 4−5 Negative1 of 40 Neutral1 of 4+5 Positive0 of 4+10 Stronglypositive
Note: Column height is the count of scored responses. With fewer than 10 scored responses, labels give counts only.

The indicator has no good or bad end. Under the coding rulebook’s rule for such indicators, the written score records the effect each response states on the engagement or on the respondent. The survey question is “How many AI agents are running in production on this engagement today?” The frequency, scope and consequence a response states set the strength of its score. A score of +10 marks a response that describes “this attribute of the engagement as helping the engagement at its best.” A score of −10 marks a response that describes “this attribute as harming the engagement at its worst . . . .”

The distribution was reported as counts only, because fewer than 10 responses carried a score. Of the 4 scored responses, 2 were negative, none carried the strongest negative score and 1 was positive.

Descriptive Statistics by Segment

Table 6a. Descriptive statistics by segment, part 1 of 2Table
SegmentBaseAnsweredAnswer rateEngagementsMean95% CISD
Study set85078792.59% of 8501501.21.0 to 1.42.8
Outsourcing model
CXM23221793.53% of 232421.00.7 to 1.32.3
ITO24422793.03% of 244401.41.0 to 1.83.1
BPO20919090.91% of 209371.41.0 to 1.83.0
KPO16515392.73% of 165311.10.7 to 1.52.5
Institution type
Asset management13212191.67% of 132242.11.5 to 2.83.6
Wealth management and private banking14013395.00% of 140230.90.5 to 1.32.3
Investment banking (advisory and capital-markets origination)1059994.29% of 105190.90.5 to 1.32.0
Insurance (life, property and casualty, health)787393.59% of 78141.00.2 to 1.83.3
Commercial and business banking827389.02% of 82131.00.5 to 1.52.2
Payments and merchant acquiring (networks, acquiring, processing)716794.37% of 71132.01.0 to 2.93.9
Credit card and payments issuing736893.15% of 73121.40.7 to 2.23.1
Retail and consumer banking736893.15% of 73121.51.0 to 2.12.3
Markets and trading (sales and trading, global markets)575291.23% of 57110.00.0 to 0.00.0
Private equity and private capital393384.62% of 3990.40.1 to 0.70.8
Process family
Corporate and back-office functions24822791.53% of 248470.60.4 to 0.81.7
Technology engineering and operations20419093.14% of 204350.60.3 to 0.92.1
Client servicing and communications948994.68% of 94162.82.0 to 3.74.1
Trade, settlement and reconciliation807492.50% of 80152.01.3 to 2.73.0
Payments, cards and disputes736589.04% of 73122.11.1 to 3.14.0
Credit, underwriting and suitability575392.98% of 5791.00.2 to 1.82.9
Regulatory, audit, tax and legal514894.12% of 5190.30.0 to 0.71.1
Financial crime and client onboarding434195.35% of 4372.51.5 to 3.53.2
Class of work
LOB Operational45141992.90% of 451761.91.6 to 2.23.4
Corporate Functional39936892.23% of 399740.50.3 to 0.61.4
Engagement status and lifecycle stage
Active, Build-Out17516192.00% of 175310.00.0 to 0.00.0
Active, Transition/Cut-Over25022590.00% of 250430.00.0 to 0.00.0
Active, Production1039794.17% of 103206.15.5 to 6.72.9
Canceled32230494.41% of 322561.20.9 to 1.52.8
Respondent role
Individual Contributor66761291.75% of 6671501.21.0 to 1.52.8
Engagement Manager150150100.00% of 1501501.20.8 to 1.62.7
Portfolio Director312580.65% of 31250.9†2.2
Customer Management Executive200 of 20‡
Vendor type
IT services major31629994.62% of 316591.71.4 to 2.13.0
BPO specialist19817889.90% of 198370.80.4 to 1.12.1
Consulting firm11710791.45% of 117231.20.7 to 1.83.0
Boutique or specialist provider877788.51% of 87171.70.9 to 2.63.8
Pure-play agentic AI firm757498.67% of 75140.00.0 to 0.00.0
Not reported, recovered by engagement575291.23% of 57440.80.1 to 1.52.4
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported.
Table 6b. Descriptive statistics by segment, part 2 of 2Table
SegmentMinQ1MedianQ3MaxDistressed nDistressed %
Study set0.00.00.00.012.0Not applicableNot applicable
Outsourcing model
CXM0.00.00.00.08.0Not applicableNot applicable
ITO0.00.00.00.012.0Not applicableNot applicable
BPO0.00.00.00.012.0Not applicableNot applicable
KPO0.00.00.00.09.0Not applicableNot applicable
Institution type
Asset management0.00.00.04.011.0Not applicableNot applicable
Wealth management and private banking0.00.00.00.09.0Not applicableNot applicable
Investment banking (advisory and capital-markets origination)0.00.00.00.07.0Not applicableNot applicable
Insurance (life, property and casualty, health)0.00.00.00.012.0Not applicableNot applicable
Commercial and business banking0.00.00.00.06.0Not applicableNot applicable
Payments and merchant acquiring (networks, acquiring, processing)0.00.00.00.012.0Not applicableNot applicable
Credit card and payments issuing0.00.00.00.09.0Not applicableNot applicable
Retail and consumer banking0.00.00.03.07.0Not applicableNot applicable
Markets and trading (sales and trading, global markets)0.00.00.00.00.0Not applicableNot applicable
Private equity and private capital0.00.00.00.02.0Not applicableNot applicable
Process family
Corporate and back-office functions0.00.00.00.07.0Not applicableNot applicable
Technology engineering and operations0.00.00.00.011.0Not applicableNot applicable
Client servicing and communications0.00.00.05.012.0Not applicableNot applicable
Trade, settlement and reconciliation0.00.00.05.07.0Not applicableNot applicable
Payments, cards and disputes0.00.00.00.012.0Not applicableNot applicable
Credit, underwriting and suitability0.00.00.00.09.0Not applicableNot applicable
Regulatory, audit, tax and legal0.00.00.00.04.0Not applicableNot applicable
Financial crime and client onboarding0.00.00.06.08.0Not applicableNot applicable
Class of work
LOB Operational0.00.00.03.012.0Not applicableNot applicable
Corporate Functional0.00.00.00.07.0Not applicableNot applicable
Engagement status and lifecycle stage
Active, Build-Out0.00.00.00.00.0Not applicableNot applicable
Active, Transition/Cut-Over0.00.00.00.00.0Not applicableNot applicable
Active, Production2.04.06.08.012.0Not applicableNot applicable
Canceled0.00.00.00.012.0Not applicableNot applicable
Respondent role
Individual Contributor0.00.00.00.012.0Not applicableNot applicable
Engagement Manager0.00.00.00.012.0Not applicableNot applicable
Portfolio Director0.00.00.00.07.0Not applicableNot applicable
Customer Management Executive‡ n = 0
Vendor type
IT services major0.00.00.03.012.0Not applicableNot applicable
BPO specialist0.00.00.00.08.0Not applicableNot applicable
Consulting firm0.00.00.00.011.0Not applicableNot applicable
Boutique or specialist provider0.00.00.00.012.0Not applicableNot applicable
Pure-play agentic AI firm0.00.00.00.00.0Not applicableNot applicable
Not reported, recovered by engagement0.00.00.00.012.0Not applicableNot applicable
Note: ‡ Base under 10. No statistic is reported.

Figures are respondent level. Means are on the scale as recorded. A level under 30 prints no interval and a level under 10 prints counts only.

Tests of Difference Between Segments

Table 7a. Tests of difference between segments, part 1 of 2Table
Segment familyWelch FdfpHolm pOmega squared90% CI
Outsourcing model0.273, 78.90.8441.000−0.0150.000 to 0.018
Institution typea level has no spread, so Welch’s test is undefined
Process family1.904, 34.80.1330.3980.0650.010 to 0.160
Class of work10.301, 103.10.0020.0070.0570.015 to 0.135
Engagement status and lifecycle stagea level has no spread, so Welch’s test is undefined
Respondent role0.302, 63.40.7401.000−0.0020.000 to 0.004
Vendor typea level has no spread, so Welch’s test is undefined
Table 7b. Tests of difference between segments, part 2 of 2Table
Segment familyKruskal-Wallis HpDistressed chi-squaredfpCramer’s VLevels left out
Outsourcing model1.000.802Not applicableNot applicableNone
Institution typea level has no spread, so Welch’s test is undefined
Process family8.820.066Not applicableNot applicablea
Class of work6.900.009Not applicableNot applicableNone
Engagement status and lifecycle stagea level has no spread, so Welch’s test is undefined
Respondent role0.240.887Not applicableNot applicableb
Vendor typea level has no spread, so Welch’s test is undefined
Note: a Credit, underwriting and suitability, n = 9, Regulatory, audit, tax and legal, n = 9, Financial crime and client onboarding, n = 7. b Customer Management Executive, n = 0.

Engagement families were tested on engagement means, and respondent role and vendor type were tested on respondents. A distressed p marked exact is a Fisher exact test for a two by two table, and one marked simulated is a Monte Carlo test run until its p is stable to the third decimal, both used where an expected count is under 5. Class of work differed after Holm control (Welch F 10.30, Holm p 0.007, tested on engagement means). In Descriptive Statistics by Segment, LOB Operational had the highest mean, 1.9 (n = 419 respondents), and Corporate Functional the lowest, 0.5 (n = 368 respondents). No difference held after Holm control for outsourcing model, process family and respondent role.

Association with Cancellation Rate

The share of engagements canceled on the study date, measured at engagement level (base 150 engagements, 56 canceled). The association is a descriptive contrast, inflated because canceled engagements were rated after cancellation, and is not predictive.

Table 8a. Association with cancellation rate by segment, part 1 of 2Table
SegmentEngagementsCanceledCancellation ratePoint-biserial r95% CIpHolm p
Study set1505637.33% of 150−0.01−0.17 to 0.150.9221.000
Outsourcing model
CXM421535.71% of 42−0.06−0.36 to 0.240.6871.000
ITO401537.50% of 400.04−0.27 to 0.350.8051.000
BPO371437.84% of 370.08−0.25 to 0.390.6571.000
KPO311238.71% of 31−0.14−0.47 to 0.230.4611.000
Institution type
Asset management241354.17% of 24−0.28†0.1871.000
Wealth management and private banking23834.78% of 230.02†0.9111.000
Investment banking (advisory and capital-markets origination)19947.37% of 19−0.02†0.9241.000
Insurance (life, property and casualty, health)14535.71% of 140.37†0.1901.000
Commercial and business banking13430.77% of 130.64†0.0190.387
Payments and merchant acquiring (networks, acquiring, processing)13323.08% of 130.06†0.8451.000
Credit card and payments issuing12541.67% of 12−0.37†0.2301.000
Retail and consumer banking12433.33% of 12−0.29†0.3551.000
Markets and trading (sales and trading, global markets)11327.27% of 11a
Private equity and private capital922 of 9‡
Process family
Corporate and back-office functions471940.43% of 47−0.17−0.44 to 0.120.2441.000
Technology engineering and operations351028.57% of 35−0.11−0.43 to 0.230.5241.000
Client servicing and communications16956.25% of 160.22†0.4091.000
Trade, settlement and reconciliation15853.33% of 150.16†0.5601.000
Payments, cards and disputes12216.67% of 12−0.24†0.4471.000
Credit, underwriting and suitability911 of 9‡
Regulatory, audit, tax and legal944 of 9‡
Financial crime and client onboarding733 of 7‡
Class of work
LOB Operational763039.47% of 760.04−0.19 to 0.260.7561.000
Corporate Functional742635.14% of 74−0.16−0.38 to 0.070.1721.000
Engagement status and lifecycle stage
Active, Build-Out3100.00% of 31Not computable, no variation in cancellation
Active, Transition/Cut-Over4300.00% of 43Not computable, no variation in cancellation
Active, Production2000.00% of 20Not computable, no variation in cancellation
Canceled5656100.00% of 56Not computable, no variation in cancellation
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported. a Not computable, the indicator or the measure is constant in this row.
Table 8b. Association with cancellation rate by segment, part 2 of 2Table
SegmentOdds ratio per point95% CIAUCRate, distressed engagementsRate, other engagementsFisher pTOST p
Study set0.990.88 to 1.120.51Not applicableNot applicableNot applicable< 0.001
Outsourcing model
CXM0.940.71 to 1.250.53Not applicableNot applicableNot applicable0.063
ITO1.030.84 to 1.260.53Not applicableNot applicableNot applicable0.051
BPO1.050.84 to 1.320.51Not applicableNot applicableNot applicable0.086
KPO0.880.62 to 1.240.56Not applicableNot applicableNot applicable0.182
Institution type
Asset management0.84† n = 240.65Not applicableNot applicableNot applicable0.458
Wealth management and private banking1.02† n = 230.53Not applicableNot applicableNot applicable0.101
Investment banking (advisory and capital-markets origination)0.98† n = 190.51Not applicableNot applicableNot applicable0.126
Insurance (life, property and casualty, health)1.17† n = 140.60Not applicableNot applicableNot applicable0.606
Commercial and business banking1.71† n = 130.75Not applicableNot applicableNot applicable0.919
Payments and merchant acquiring (networks, acquiring, processing)1.04† n = 130.57Not applicableNot applicableNot applicable0.215
Credit card and payments issuing0.82† n = 120.64Not applicableNot applicableNot applicable0.600
Retail and consumer banking0.70† n = 120.66Not applicableNot applicableNot applicable0.491
Markets and trading (sales and trading, global markets)Not computable, the indicator or the measure is constant in this row
Private equity and private capital‡ n = 9
Process family
Corporate and back-office functions0.770.49 to 1.220.56Not applicableNot applicableNot applicable0.186
Technology engineering and operations0.830.47 to 1.490.53Not applicableNot applicableNot applicable0.132
Client servicing and communications1.13† n = 160.60Not applicableNot applicableNot applicable0.381
Trade, settlement and reconciliation1.12† n = 150.56Not applicableNot applicableNot applicable0.308
Payments, cards and disputes0.93† n = 120.65Not applicableNot applicableNot applicable0.426
Credit, underwriting and suitability‡ n = 9
Regulatory, audit, tax and legal‡ n = 9
Financial crime and client onboarding‡ n = 7
Class of work
LOB Operational1.020.89 to 1.170.52Not applicableNot applicableNot applicable0.010
Corporate Functional0.730.46 to 1.180.56Not applicableNot applicableNot applicable0.107
Engagement status and lifecycle stage
Active, Build-OutNot computable, no variation in cancellation
Active, Transition/Cut-OverNot computable, no variation in cancellation
Active, ProductionNot computable, no variation in cancellation
CanceledNot computable, no variation in cancellation
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported.

The study set r was −0.01 (95% CI −0.17 to 0.15, Holm p 1.000, n = 150 engagements). The association did not hold after Holm control. Equivalence Tests of Null Results found it equivalent to zero inside the bound. Of the 19 tested segment levels, 0 held after Holm control.

Association with Customer Satisfaction

The satisfaction score recorded against each engagement on a 100-point scale. The primary estimate uses the 94 active engagements. A descriptive contrast uses all 150 engagements.

Table 9a. Association with customer satisfaction by segment, part 1 of 2Table
SegmentActive engagementsClean r95% CIpHolm pSpearman rhop
Study set940.06−0.15 to 0.260.5731.0000.090.392
Outsourcing model
CXM270.29†0.1471.0000.220.280
ITO25−0.04†0.8561.0000.110.603
BPO23−0.04†0.8621.000−0.010.962
KPO19−0.02†0.9491.000−0.050.853
Institution type
Asset management110.07†0.8291.0000.020.954
Wealth management and private banking15−0.22†0.4331.000−0.220.439
Investment banking (advisory and capital-markets origination)10−0.19†0.6031.000−0.120.738
Insurance (life, property and casualty, health)9‡
Commercial and business banking9‡
Payments and merchant acquiring (networks, acquiring, processing)100.00†1.0001.0000.020.962
Credit card and payments issuing7‡
Retail and consumer banking8‡
Markets and trading (sales and trading, global markets)8‡
Private equity and private capital7‡
Process family
Corporate and back-office functions28−0.09†0.6321.000−0.130.498
Technology engineering and operations250.20†0.3311.0000.280.173
Client servicing and communications7‡
Trade, settlement and reconciliation7‡
Payments, cards and disputes10−0.08†0.8191.000−0.060.870
Credit, underwriting and suitability8‡
Regulatory, audit, tax and legal5‡
Financial crime and client onboarding4‡
Class of work
LOB Operational460.08−0.22 to 0.360.6011.0000.090.566
Corporate Functional480.03−0.25 to 0.320.8141.0000.110.469
Engagement status and lifecycle stage
Active, Build-Out31a
Active, Transition/Cut-Over43a
Active, Production20−0.21†0.3651.000−0.250.282
Canceled0b
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported. a Not computable, the indicator or the measure is constant in this row. b No clean estimate, canceled engagements fall outside the active population.
Table 9b. Association with customer satisfaction by segment, part 2 of 2Table
SegmentSlope, points per rating point95% CIR squaredTOST pAll engagementsDescriptive rp
Study set0.25−0.64 to 1.150.000.0081500.020.850
Outsourcing model
CXM1.50† n = 270.080.471420.140.362
ITO−0.12† n = 250.000.10240−0.080.629
BPO−0.16† n = 230.000.11337−0.070.674
KPO−0.08† n = 190.000.120310.110.572
Institution type
Asset management0.17† n = 110.010.253240.250.239
Wealth management and private banking−1.02† n = 150.050.38223−0.110.617
Investment banking (advisory and capital-markets origination)−0.91† n = 100.040.37619−0.030.911
Insurance (life, property and casualty, health)‡ n = 9
Commercial and business banking‡ n = 9
Payments and merchant acquiring (networks, acquiring, processing)0.00† n = 100.000.20613−0.070.812
Credit card and payments issuing‡ n = 7
Retail and consumer banking‡ n = 8
Markets and trading (sales and trading, global markets)‡ n = 8
Private equity and private capital‡ n = 7
Process family
Corporate and back-office functions−0.60† n = 280.010.142470.130.372
Technology engineering and operations0.94† n = 250.040.313350.180.289
Client servicing and communications‡ n = 7
Trade, settlement and reconciliation‡ n = 7
Payments, cards and disputes−0.22† n = 100.010.275120.190.563
Credit, underwriting and suitability‡ n = 8
Regulatory, audit, tax and legal‡ n = 5
Financial crime and client onboarding‡ n = 4
Class of work
LOB Operational0.30−0.86 to 1.470.010.06676−0.020.845
Corporate Functional0.21−1.60 to 2.030.000.033740.160.172
Engagement status and lifecycle stage
Active, Build-OutNot computable, the indicator or the measure is constant in this row
Active, Transition/Cut-OverNot computable, the indicator or the measure is constant in this row
Active, Production−0.89†0.050.35220−0.210.365
Canceledno clean estimate, canceled engagements fall outside the active population
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported.

The study set r was 0.06 (95% CI −0.15 to 0.26, Holm p 1.000, n = 94 engagements). The association did not hold after Holm control. Equivalence Tests of Null Results found it equivalent to zero inside the bound. Of the 14 tested segment levels, 0 held after Holm control.

Association with the Engagement Indicator Mean

The mean of an engagement’s 100 indicator ratings, measured at engagement level (base 150 engagements). Where this indicator is one of the 100, the mean is recomputed without it.

Table 10a. Association with the engagement indicator mean by segment, part 1 of 2Table
SegmentEngagementsLeave-one-out r95% CIpHolm pSpearman rhop
Study set1500.03−0.13 to 0.190.7461.0000.050.522
Outsourcing model
CXM420.12−0.19 to 0.410.4531.0000.060.706
ITO400.05−0.26 to 0.360.7551.0000.070.646
BPO37−0.13−0.44 to 0.200.4371.000−0.080.659
KPO310.10−0.26 to 0.440.5971.0000.160.395
Institution type
Asset management240.37†0.0721.0000.430.037
Wealth management and private banking23−0.04†0.8701.000−0.080.729
Investment banking (advisory and capital-markets origination)190.39†0.1001.0000.420.074
Insurance (life, property and casualty, health)14−0.30†0.3011.000−0.380.182
Commercial and business banking13−0.55†0.0521.000−0.560.047
Payments and merchant acquiring (networks, acquiring, processing)13−0.16†0.6081.000−0.210.487
Credit card and payments issuing120.07†0.8321.0000.200.524
Retail and consumer banking120.07†0.8301.0000.050.884
Markets and trading (sales and trading, global markets)11Not computable, the indicator or the measure is constant in this row
Private equity and private capital9‡
Process family
Corporate and back-office functions47−0.03−0.32 to 0.260.8281.0000.001.000
Technology engineering and operations350.25−0.09 to 0.540.1481.0000.230.191
Client servicing and communications16−0.04†0.8721.000−0.030.901
Trade, settlement and reconciliation150.06†0.8371.0000.130.654
Payments, cards and disputes120.01†0.9671.0000.001.000
Credit, underwriting and suitability9‡
Regulatory, audit, tax and legal9‡
Financial crime and client onboarding7‡
Class of work
LOB Operational760.02−0.21 to 0.240.8811.0000.030.810
Corporate Functional740.08−0.15 to 0.300.5041.0000.120.298
Engagement status and lifecycle stage
Active, Build-Out31Not computable, the indicator or the measure is constant in this row
Active, Transition/Cut-Over43Not computable, the indicator or the measure is constant in this row
Active, Production20−0.13†0.5971.000−0.170.468
Canceled560.23−0.03 to 0.470.0821.0000.230.095
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported.
Table 10b. Association with the engagement indicator mean by segment, part 2 of 2Table
Segmentr with indicator includedChange in rSlope95% CIR squaredTOST pEquivalent
Study setNot a component0.01−0.07 to 0.100.00< 0.001Yes
Outsourcing model
CXMNot a component0.08−0.14 to 0.300.010.118No
ITONot a component0.02−0.11 to 0.160.000.058No
BPONot a component−0.06−0.21 to 0.090.020.151No
KPONot a component0.07−0.19 to 0.320.010.133No
Institution type
Asset managementNot a component0.17† n = 240.140.650No
Wealth management and private bankingNot a component−0.02† n = 230.000.111No
Investment banking (advisory and capital-markets origination)Not a component0.20† n = 190.150.657No
Insurance (life, property and casualty, health)Not a component−0.14† n = 140.090.497No
Commercial and business bankingNot a component−0.39† n = 130.300.834No
Payments and merchant acquiring (networks, acquiring, processing)Not a component−0.07† n = 130.020.316No
Credit card and payments issuingNot a component0.03† n = 120.000.235No
Retail and consumer bankingNot a component0.05† n = 120.000.236No
Markets and trading (sales and trading, global markets)Not computable, the indicator or the measure is constant in this row
Private equity and private capital‡ n = 9
Process family
Corporate and back-office functionsNot a component−0.03−0.31 to 0.250.000.033Yes
Technology engineering and operationsNot a component0.16−0.06 to 0.380.060.378No
Client servicing and communicationsNot a component−0.02† n = 160.000.169No
Trade, settlement and reconciliationNot a component0.03† n = 150.000.192No
Payments, cards and disputesNot a component0.00† n = 120.000.187No
Credit, underwriting and suitability‡ n = 9
Regulatory, audit, tax and legal‡ n = 9
Financial crime and client onboarding‡ n = 7
Class of work
LOB OperationalNot a component0.01−0.09 to 0.110.000.006Yes
Corporate FunctionalNot a component0.08−0.15 to 0.310.010.026Yes
Engagement status and lifecycle stage
Active, Build-OutNot computable, the indicator or the measure is constant in this row
Active, Transition/Cut-OverNot computable, the indicator or the measure is constant in this row
Active, ProductionNot a component−0.06† n = 200.020.225No
CanceledNot a component0.05−0.01 to 0.110.060.304No
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported.

The study set r was 0.03 (95% CI −0.13 to 0.19, Holm p 1.000, n = 150 engagements). The association did not hold after Holm control. Equivalence Tests of Null Results found it equivalent to zero inside the bound. Of the 21 tested segment levels, 0 held after Holm control.

Association with Intent to Leave

The respondent’s stated likelihood of leaving the current job within 12 months, rated 1 to 10 (C019). Measured at respondent level on up to 798 respondents, with the engagement-level form reported alongside.

Table 11a. Association with intent to leave by segment, part 1 of 2Table
SegmentRespondentsr95% CICluster bootstrap 95% CIpHolm p
Study set7420.01−0.06 to 0.08−0.17 to 0.170.7981.000
Outsourcing model
CXM201−0.15−0.28 to −0.01−0.45 to 0.200.0370.851
ITO2180.230.10 to 0.36−0.05 to 0.45< 0.0010.015
BPO1800.03−0.12 to 0.17−0.34 to 0.310.7081.000
KPO143−0.23−0.38 to −0.07−0.52 to 0.130.0050.159
Institution type
Asset management115−0.27−0.43 to −0.09−0.65 to 0.160.0040.116
Wealth management and private banking1250.16−0.01 to 0.33−0.30 to 0.470.0721.000
Investment banking (advisory and capital-markets origination)94−0.09−0.29 to 0.12−0.52 to 0.460.4021.000
Insurance (life, property and casualty, health)660.330.10 to 0.53a0.0060.171
Commercial and business banking680.460.24 to 0.63a< 0.0010.003
Payments and merchant acquiring (networks, acquiring, processing)650.280.04 to 0.49−0.60 to 0.700.0220.548
Credit card and payments issuing65−0.24−0.46 to 0.01a0.0561.000
Retail and consumer banking62−0.23−0.46 to 0.02−0.74 to 0.300.0671.000
Markets and trading (sales and trading, global markets)50Not computable, the indicator or the measure is constant in this row
Private equity and private capital32−0.76−0.88 to −0.56a< 0.001< 0.001
Process family
Corporate and back-office functions208−0.08−0.22 to 0.05−0.25 to 0.050.2291.000
Technology engineering and operations181−0.04−0.18 to 0.11−0.20 to 0.210.6091.000
Client servicing and communications840.14−0.07 to 0.35−0.46 to 0.600.1921.000
Trade, settlement and reconciliation710.07−0.16 to 0.30−0.47 to 0.540.5401.000
Payments, cards and disputes620.21−0.04 to 0.44−0.60 to 0.720.1041.000
Credit, underwriting and suitability50−0.27−0.51 to 0.01a0.0571.000
Regulatory, audit, tax and legal46−0.54−0.72 to −0.30a< 0.0010.004
Financial crime and client onboarding40−0.17−0.46 to 0.15§ n = 70.2861.000
Class of work
LOB Operational3950.04−0.06 to 0.14−0.21 to 0.260.4271.000
Corporate Functional347−0.12−0.22 to −0.01−0.27 to 0.010.0300.725
Engagement status and lifecycle stage
Active, Build-Out153Not computable, the indicator or the measure is constant in this row
Active, Transition/Cut-Over214Not computable, the indicator or the measure is constant in this row
Active, Production890.260.06 to 0.45−0.30 to 0.620.0130.350
Canceled2860.05−0.07 to 0.17−0.08 to 0.150.3881.000
Respondent role
Individual Contributor5670.01−0.07 to 0.09−0.17 to 0.180.7981.000
Engagement Manager1500.00−0.16 to 0.16−0.17 to 0.160.9681.000
Portfolio Director25−0.02††0.9101.000
Customer Management Executive0‡
Vendor type
IT services major2860.120.00 to 0.23−0.17 to 0.350.0410.907
BPO specialist167−0.20−0.34 to −0.05−0.52 to 0.160.0100.277
Consulting firm100−0.11−0.30 to 0.09−0.39 to 0.310.2811.000
Boutique or specialist provider700.05−0.18 to 0.28−0.63 to 0.550.6661.000
Pure-play agentic AI firm71Not computable, the indicator or the measure is constant in this row
Not reported, recovered by engagement480.07−0.22 to 0.35−0.29 to 0.330.6301.000
Note: § Too few engagements for a cluster bootstrap interval. † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported. a Not computable, under 90% of resamples valid.
Table 11b. Association with intent to leave by segment, part 2 of 2Table
SegmentSpearman rhopShare at 7 or above, distressedShare at 7 or above, otherEngagementsEngagement level r95% CITOST p
Study set−0.030.468Not applicableNot applicable150−0.01−0.17 to 0.15< 0.001
Outsourcing model
CXM−0.120.085Not applicableNot applicable42−0.15−0.44 to 0.160.165
ITO0.24< 0.001Not applicableNot applicable400.24−0.08 to 0.510.343
BPO−0.070.334Not applicableNot applicable370.02−0.31 to 0.340.046
KPO−0.260.001Not applicableNot applicable31−0.26−0.57 to 0.100.419
Institution type
Asset management−0.270.004Not applicableNot applicable24−0.30†0.509
Wealth management and private banking0.090.302Not applicableNot applicable230.13†0.218
Investment banking (advisory and capital-markets origination)0.010.959Not applicableNot applicable19−0.04†0.140
Insurance (life, property and casualty, health)0.370.003Not applicableNot applicable140.31†0.507
Commercial and business banking0.45< 0.001Not applicableNot applicable130.49†0.759
Payments and merchant acquiring (networks, acquiring, processing)0.260.033Not applicableNot applicable130.24†0.421
Credit card and payments issuing−0.280.026Not applicableNot applicable12−0.18†0.350
Retail and consumer banking−0.210.102Not applicableNot applicable12−0.26†0.449
Markets and trading (sales and trading, global markets)Not computable, the indicator or the measure is constant in this row
Private equity and private capital−0.68< 0.001Not applicableNot applicable9‡‡
Process family
Corporate and back-office functions−0.150.034Not applicableNot applicable47−0.07−0.35 to 0.230.053
Technology engineering and operations−0.030.726Not applicableNot applicable35−0.04−0.36 to 0.300.060
Client servicing and communications0.250.024Not applicableNot applicable160.15†0.286
Trade, settlement and reconciliation0.060.601Not applicableNot applicable150.07†0.201
Payments, cards and disputes0.030.803Not applicableNot applicable120.14†0.305
Credit, underwriting and suitability−0.280.052Not applicableNot applicable9‡‡
Regulatory, audit, tax and legal−0.460.001Not applicableNot applicable9‡‡
Financial crime and client onboarding−0.270.089Not applicableNot applicable7‡‡
Class of work
LOB Operational0.040.424Not applicableNot applicable760.02−0.21 to 0.240.006
Corporate Functional−0.18< 0.001Not applicableNot applicable74−0.12−0.34 to 0.110.055
Engagement status and lifecycle stage
Active, Build-OutNot computable, the indicator or the measure is constant in this row
Active, Transition/Cut-OverNot computable, the indicator or the measure is constant in this row
Active, Production0.130.213Not applicableNot applicable200.19†0.319
Canceled0.010.880Not applicableNot applicable560.10−0.17 to 0.350.061
Respondent role
Individual Contributor−0.030.538Not applicableNot applicable150−0.02−0.18 to 0.14< 0.001
Engagement Manager−0.020.762Not applicableNot applicable1500.00−0.16 to 0.16< 0.001
Portfolio Director0.010.975Not applicableNot applicable25−0.02†0.090
Customer Management Executive‡ n = 0
Vendor type
IT services major0.060.275Not applicableNot applicable590.10−0.16 to 0.350.061
BPO specialist−0.190.013Not applicableNot applicable37−0.21−0.50 to 0.120.288
Consulting firm−0.070.505Not applicableNot applicable23−0.09†0.167
Boutique or specialist provider0.050.659Not applicableNot applicable170.07†0.187
Pure-play agentic AI firmNot computable, the indicator or the measure is constant in this row
Not reported, recovered by engagement−0.040.777Not applicableNot applicable410.13−0.18 to 0.420.140
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported.

The study set r was 0.01 (95% CI −0.06 to 0.08, Holm p 1.000, n = 742 respondents). The association did not hold after Holm control. Equivalence Tests of Null Results found it equivalent to zero inside the bound. Of the 33 tested segment levels, 4 held after Holm control.

Comparison of Associations Across the Four Measures

Table 12. Associations across the four measuresTable
MeasureFormUnitnr95% CIpEquivalent to zeroRank among the four
Cancellation rateDescriptive contrastEngagement150−0.01−0.17 to 0.150.922Yes4
Customer satisfactionClean estimateEngagement940.06−0.15 to 0.260.573Yes1
Engagement indicator meanFullEngagement1500.03−0.13 to 0.190.746Yes2
Intent to leaveRespondent level, clusteredRespondent7420.01−0.17 to 0.170.913Yes3
Table 13. Pairwise comparison of associationsTable
Pair comparedDifference in rSteiger zpHolm pReading
Cancellation rate and customer satisfaction−0.01−0.260.7931.000Do not differ
Cancellation rate and engagement indicator mean−0.02−0.300.7621.000Do not differ
Cancellation rate and intent to leave0.00−0.080.9341.000Do not differ
Customer satisfaction and engagement indicator mean−0.01−0.250.8041.000Do not differ
Customer satisfaction and intent to leave0.000.090.9301.000Do not differ
Engagement indicator mean and intent to leave0.010.310.7601.000Do not differ

Pairs were compared on the engagement level form of every measure, each turned so that a higher value was the better outcome, on the 150 engagements where the indicator and all four measures existed. Of the 6 pairs, 0 differed after Holm control.

Clustering and Effective Sample Size

Table 14. Clustering and effective sample sizeTable
StatisticValueReading
Clusters (engagements)150Engagements with at least one answer.
Mean respondents per engagement5.2Answers per engagement with at least one answer.
ICC(1)1.00Share of variance between engagements.
Design effect5.251 plus (mean cluster size minus 1) times ICC.
Nominal respondent n787Respondents who answered.
Effective n150Nominal n divided by the design effect.
Cluster bootstrap appliedYesApplied to every respondent level CI where the ICC is 0.05 or above.

Clustering reduced the 787 respondent answers to about 150 independent answers. Respondent level intervals therefore used the cluster bootstrap, and respondent level tests on intent to leave used cluster-robust errors.

Equivalence Tests of Null Results

Table 15. Equivalence tests of null resultsTable
MeasurenrEquivalence boundTOST p, lowerTOST p, upperEquivalent to zeroAchieved powerMDE at power 0.80Detection floor for this n
Cancellation rate150−0.01|r| < 0.30< 0.001< 0.001Yes0.960.230.23
Customer satisfaction940.06|r| < 0.30< 0.0010.008Yes0.840.290.23
Engagement indicator mean1500.03|r| < 0.30< 0.001< 0.001Yes0.960.230.23
Intent to leave742, effective 1410.01|r| < 0.30< 0.001< 0.001Yes0.950.230.23

Tested null, equivalent to zero: cancellation rate, customer satisfaction, engagement indicator mean and intent to leave. No result was inconclusive. The detection floor column is the study floor at 150 engagements. Intent to leave was tested on its effective n.

Robustness Checks

Table 16. Robustness checksTable
CheckMeasurePrimary rCheck r95% CIChangeConclusion holds
Rank correlation in place of PearsonCancellation rate−0.01−0.03a−0.02Yes
Rank correlation in place of PearsonCustomer satisfaction0.060.09a0.03Yes
Rank correlation in place of PearsonEngagement indicator mean0.030.05a0.03Yes
Rank correlation in place of PearsonIntent to leave0.01−0.03a−0.04Yes
Non-answers excluded, then imputed at the engagement meanIntent to leave0.010.01a0.00Yes
Active engagements onlyEngagement indicator mean0.03−0.03−0.23 to 0.17−0.06Yes
Active engagements onlyIntent to leave0.010.01−0.08 to 0.100.00Yes
Most influential engagement removed (largest Cook’s distance)Cancellation rate−0.01−0.05−0.20 to 0.12−0.04Yes
Most influential engagement removed (largest Cook’s distance)Customer satisfaction0.060.12−0.08 to 0.320.06Yes
Most influential engagement removed (largest Cook’s distance)Engagement indicator mean0.03−0.01−0.17 to 0.15−0.04Yes
Most influential engagement removed (largest Cook’s distance)Intent to leave0.010.04−0.03 to 0.110.03Yes
Engagements weighted by respondent countCancellation rate−0.010.01a0.01Yes
Engagements weighted by respondent countCustomer satisfaction0.060.05a−0.01Yes
Engagements weighted by respondent countEngagement indicator mean0.030.01a−0.01Yes
Bootstrap of engagementsCancellation rate−0.01−0.01−0.17 to 0.160.00Yes
Bootstrap of engagementsCustomer satisfaction0.060.06−0.15 to 0.270.00Yes
Bootstrap of engagementsEngagement indicator mean0.030.03−0.13 to 0.190.00Yes
Bootstrap of engagementsIntent to leave0.010.00−0.17 to 0.17−0.01Yes
Thin-base segments removedCancellation rate−0.01−0.14−0.35 to 0.08−0.14Yes
Thin-base segments removedCustomer satisfaction0.060.05−0.23 to 0.31−0.01Yes
Thin-base segments removedEngagement indicator mean0.030.09−0.13 to 0.300.06Yes
Thin-base segments removedIntent to leave0.01−0.06−0.16 to 0.04−0.07Yes
Note: a No interval for this check.

Each change was computed before rounding, so it can differ by 0.01 from the difference of the two printed values.

Every check held. A check holds when its test lands on the same side of 0.05 as the primary test and, where the primary test is below 0.05, its r keeps the primary sign. Thin-base rule: engagements in any level under 30 engagements of outsourcing model or process family removed. Institution type is not used, because every one of its levels is under 30.

Measure Independence and Part-Whole Correction

Each of the four measures was computed from data this indicator does not contain, so each result is a finding rather than an arithmetic consequence.

Comparison with the Study Norm

Table 17. Comparison with the study normTable
MeasureThis indicator, oriented rStudy median, oriented rDeviationFisher zpHolm p
Cancellation rate0.010.60−0.59−8.26< 0.001< 0.001
Customer satisfaction0.020.72−0.70−10.80< 0.001< 0.001
Engagement indicator mean0.030.84−0.81−14.34< 0.001< 0.001
Intent to leave0.010.71−0.70−10.64< 0.001< 0.001
Spread of deviations0.22
VerdictDIVERGENT

Each deviation was computed before rounding, so it can differ by 0.01 from the difference of the two printed values.

The comparison ran on 150 engagements. The indicator departed from the study’s typical pattern on cancellation rate, customer satisfaction, engagement indicator mean and intent to leave.

Co-Occurring Indicators and Themes

Figure 3. Other indicators and themes coded in the same written responses (n = 4 responses)Exhibit
C0881 of 4C1201 of 4C1311 of 4C1321 of 4C1232 of 4C1253 of 4C1333 of 4
Note: Gray bars are other indicators coded in the same responses. Amber bars are themes of the coding rulebook, which carry no score. Labels give counts. Every co-coded indicator and every theme at or above the fifth-highest count of its kind is shown, ties included. C125: “Rate how well your employer’s training programs build financial industry knowledge.” C133: “Rate your employer’s ability to operate large numbers of agents in production, including monitoring and exception handling.” C123: “Rate the adequacy of your employer’s investment in training its workforce.” C088: “My employer cares about the team.” C120: “Rate the depth of your employer’s knowledge of the financial industry.” C131: “Rate the depth of your employer’s knowledge of agentic AI.” C132: “Rate the depth of your employer’s experience running agentic AI systems in live production, beyond pilots.” Emotional states coded in the same responses, as counts: calm or fine 1.

The co-coded indicators tied as most frequent in the responses coded to the indicator were “Rate how well your employer’s training programs build financial industry knowledge” (C125, 3 responses) and “Rate your employer’s ability to operate large numbers of agents in production, including monitoring and exception handling” (C133, 3 responses).

Interpretation of the Data

LOB Operational respondents reported more agents in production (mean 1.9, n = 419 respondents) than Corporate Functional respondents (mean 0.5, n = 368 respondents). The tested nulls held under every robustness check run on this item (22 of 22 checks).

The indicator is a survey question that is not a rating, so the written responses were not set against a rating. Written responses were voluntary. They recorded what the respondents who wrote reported, and how common it was is measured by the answers. The analysis of the written responses rested on 4 responses, a base of anecdote strength.

Limitations

The evidence is reported experience: what the delivery team said about its own engagement, gathered in one cross-section. The figures showed associations, not causes. Indicators about the financial institution were reported at second hand by vendor staff. Cancellation is a descriptive contrast, because canceled engagements were rated after they ended.

Tests across respondent role and vendor type were run at respondent level and treated respondents as independent. The section Clustering and Effective Sample Size states whether, and by how much, clustering within engagements reduced the information in respondent level figures.

Answers matched within engagements, so the item carried about one independent answer per engagement (ICC 1.00, 787 answers worth about 150 independent answers).

Fewer than 10 responses carried a score, so written sentiment was reported as counts, with no statistic. Coding was performed by AI coders under a fixed rulebook. Agreement on whether a response was coded to the indicator rested on 1 response second-coded under rulebook 0.5, with the coders agreeing on 1 of 1. No response coded to the indicator was second-scored under rulebook 0.6, so agreement on the score could not be assessed. This base of second-coded responses is too small for an indicator-level alpha.

Definitions

Table 18. DefinitionsTable
TermDefinition
Response scaleAs recorded, shown in Table 1. The indicator is not a rating, so no distressed range is defined.
Answering baseRespondents who entered a value.
Non-answers“I do not know” and “I prefer to not answer” are counted separately and are excluded from the mean.
Indicator classEngagement attribute: a property of the engagement rather than of the respondent.
Failure categoryOne of the five failure categories of the Study Taxonomy, section 3. Only the 100 rated indicators carry one, and the indicator is not among them.
Engagement indicator meanThe mean of an engagement’s 100 indicator ratings.
Written responseA coded written answer about the respondent’s own engagement. Non-answers and answers about another engagement are excluded.
Primary and secondaryPrimary responses were written in answer to a written-answer question in the indicator’s own survey section. Secondary responses were written in answer to a question outside that section and coded to the indicator because their content addressed it.
Written sentiment scaleFive fixed values of the coding rulebook: −10, −5, 0, +5, +10. The sign is the direction and the magnitude is the strength.
CodingResponses were coded under rulebook 0.5. Scores were added under rulebook 0.6 to every mark and every quote, with the score rulings of rulebook section 21. AI coders worked under a fixed rulebook. A sample of records was second-coded. Score agreement across all indicators was Krippendorff’s alpha 0.969 on the 0.5 scores and 0.930 on the scores added in 0.6.

Sources and Provenance

Table 19. Sources and provenanceTable
ItemValue
Study dataStudy Data.xlsx, Data sheet, column C043, sha256 219eba0457274d04
Statistics enginecompute_statistics.py, sha256 738319eef764602b
Statistics recordComputed Statistics.json, record C043, sha256 e405f65a43e37a6e
ComputedOctober 8, 2026, 01:38 UTC
TemplateIndicator Statistical Analysis Template, version 1.1 of 2026-10-06
Figures placed by script1,901 of 1,901
Study metadataStudy Meta.md, sections 10.4 and 10.4.1, coder agreement across all indicators
Coded written responsesQuotes Master.jsonl, sha256 27da38085e2b13fd. Quote Coding Rulebook, version 0.6 with section 21
Written-response computationqa_stats.py, sha256 74a61f3a96169da9. wfacts.py, sha256 b85fae20adf812a1. prose_gen.py, sha256 c277d2c752f8d88f. build_indicator.py, sha256 da3473bd56a4a7b9
Written-response recordsC043.qa.json, sha256 54b0e155235e5d7d. C043.wfacts.json, sha256 141893b9f70f9c22. Prose C043.json, sha256 d62e26845f6335d3

Continue the report

Executive summary →
Overview

Executive Summary

Four findings from 150 engagements

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Introduction

Introduction

Scope, evidence, and how the report is organized

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Part 1

Engagement Outcomes

Poor results on every measure, and what separates them

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Part 2

The Five Failure Categories

Where failure concentrates, category by category

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Part 3

Governance, Oversight, and Control

Controls that existed in name only

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Part 4

The Delivery Workforce

Early in their careers, dissatisfied, and many intending to leave

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Part 5

Manual Alteration

How the delivery team altered the work to sustain it

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Part 6

Executive Action Plan

Seven immediate actions and a first-year plan

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Appendices

Appendices

Definitions, indicator inventory, method, and disclosures

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Data

Study Data

Deep-dive analyses of the study indicators, published in stages

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