Submit News All Crypto News

Obizcoins Technology: A boon to startup community

Category: General

Startups and SMEs constitute seventy percent of businesses in the world and eighty percent of them encounter a wide range of challenges in business management owing to various factors like manual processes, lack of domain knowledge, weak delegation and centralization, inability to stay on the top of understanding customer behaviour, non-integration of business processes etc.

This gives rise to the need for the startups and SMEs to recognize the potential challenges which their businesses are likely to encounter and find solutions to prevent or overcome those challenges.

Few Typical Problems and Challenges Faced by Startups and SMEs

We can take the example of manual processes. Theres nothing wrong with a manual process as long as it is more effective and more efficient than doing it in any other way (say with the aid of technology like a smart device or a computer) and it stands synchronized with the rest of the organization. However, one area of concern with manual processes is non-standardization. In the absence of a definite procedural roadmap for executing the operational activities, employees are more prone to make errors and mistakes.

In a manual process, decision-making is more likely to suffer from burnout, hastiness and lack of expertise and domain knowledge which in turn may affect the prospects of an organization achieving business process excellence.

Another problem area with extreme people-dependency in a business enterprise is managing employee motivation and morale which has a strong bearing on employee turnover and attrition.

Concentration (of authority-responsibility and information) at the top level is yet another commonly observed phenomenon with startups and SMEs. While retaining decision-making rights in certain critical areas of business is essential but unnecessary centralization carries an adverse impact on the flow of work in an organization. With decentralization arises the need for delegation of authority and transparency in terms of business process information-sharing with the concerned employees/process owners. Even external stakeholders like the potential investors expect a certain degree of transparency from an organization to assess the prospects of investment. Building the desired foundation of a decentralized organization structure and creating the appropriate platform for controlled information-sharing is a huge technological challenge for startups and SMEs.

How Obizcoin Smart Process BOT Seeks to Address these Challenges

Obizcoin is developing a Smart Process BOT backed up with two cutting-edge technologies  Artificial Intelligence and Blockchain Technology.

With Artificial Intelligence, the BOT will be endowed with the capability to develop and improvise business processes in tune with the strategic and operational goals of a business enterprise.

The BOT shall be capable of preparing and executing smart contracts within and beyond the organization with its various stakeholders. Blockchain technology shall make this platform secure and transparent.

Business Process Management

The BOT will have inbuilt processes designed for different departments like Sales, HR, Accounts, marketing etc for different categories of organizations (startup, small scale or medium scale) for different industries like e-commerce, apparel, education, healthcare etc.

The BOT will not only help in process design and SOP development but also in its implementation which includes team allocation, task allocation, progress monitoring, team rewarding and process improvisation.

These processes can be customized by the businesses to suit their strategic and operational requirements.

Access to Domain Expertise

The BOT will be equipped with the domain knowledge of specific businesses.

Access to domain expertise will help clients to improve their decision-making, to devise operational roadmaps and to detect shortcomings.

Addition of new business domain knowledge will further widen the knowledge pool of the BOT.

API Integration

The BOT will also have the feature of API integration with ERPs like SAP, Microsoft Dynamics, Tally, Zoho, Oracle etc. Building a strong integration with the existing legacy systems is essential for a business enterprise in incorporating a new technology.

Another advantage with BOTs is that, under normal circumstances, they can work 24by7 without experiencing any burnouts or Monday blues except maybe for some time-outs for repair and maintenance.

Smart Contracts and Reward System

Every business enterprise establishes the working relationship with different entities through contracts where the terms and conditions of performance and consideration are predefined. These entities may include employees, customers, suppliers, vendors etc.

The BOT shall be capable of preparing and executing smart contracts. This will enable organizations to automate the definite and repetitive tasks with predefined terms and conditions.

Use of smart contracts will also be helpful to organizations in lending transparency and security to the transactions and processes. Automation in performance rating and rewarding of the employees will add transparency to HR and will also serve as a morale booster for the employees.

Even with the plethora of business management software applications available in the market, startups and SMEs often run into certain standard problems and challenges in streamlining business processes, monitoring employee performance and getting an insight into the operational health of their business.

Obizcoin Smart Process BOT (currently in development stage) will aim to address these burning challenges faced by the startups and the SMEs with the help of Artificial Intelligence and Blockchain Technology.

Visit : Obizcoin.io


Contact
https://www.obizcoin.io/
https://t.me/obizcoinnetwork
https://medium.com/@obizcoin
https://twitter.com/obizcoin
https://www.linkedin.com/company/obizcoin
https://www.youtube.com/channel/UCfyw23dWVj5JVIKvnwREwPg
https://www.facebook.com/obizcoin/
https://steemit.com/@obizcoin/
https://github.com/Obizcoin/obizcoin
https://www.reddit.com/user/obizcoin-ico/
Share on Facebook Share on Twitter Share on Whatsapp Share on Reddit


Cryptocoin News RSS


Pieta Teaser Get To Know More About The Profit Structure Of Pieta
Pieta is a mining ecosystem which uses solar power for more efficient, cost-effective and environment-friendly crypto mining. The ICO sale of Pieta is live now, and potential investors are looking to know more about the Pieta project, especially the profit structure. With the aim to answer invest

Lot of beautiful faces
http://lexingtonnc.gov/redirect.aspx?url=http://sexytuber.com https://weblib.lib.umt.edu/redirect/proxyselect.php?url=http://sexytuber.com https://www.sarahlawrence.edu/news-events/archived/redirect.html?r=http://sexytuber.com&emc=rss&_r=1 https://www.ord.uscourts.gov/index.php/external-link-redirec

MERCATOX COMPLETES KIN SWAP & OPENS TRADING
KIN token successfully migrated from ERC20 to its own blockchain. KIN (KIN) blockchain explorer is https://kinexplorer.com/ Swap process successfully completed. Deposits and withdrawals are already opened. Good luck in the forthcoming trades.

How will Traders Benefit By Joining HeyBitcoin?
Both traders and investors are an important part of the HeyBitcoin system. While traders enable the platform users to create and manage their investments more efficiently, investors help platform generate revenue by sending trade volume to liquidity providers. HeyBitcoin has a foolproof strategy

Kinela is a solution to current problems of the Advertising Industry
All the advertisers are in a dilemma about how to tackle these challenges and make sound decisions for the active promotion of their brand. Let's get a detailed idea about five major challenges faced by the online advertising industry currently: High Costs This will help them to increase th

What Are Some Tricks to Successful Investment Portfolio Management
Many a time, you as a newbie investor have heard the phrase investing is simple. The term is true, yet, you must remember that investing is not easy at all too if you don't keep your investing basics straightforward. So, keeping those in mind it is essential for one to reach the stage of financia

Pieta PRE SALE Is Running Successfully: Thanks For Joining Pieta Ecosystem
Pietas pre-sale event which started around 3 months back is now in its final stage. We would like to take this opportunity to thank all the investors who became a part of the Pieta Ecosystem during this period. And those, who still havent joined us, can do so now and avail the benefit of bonus tok

- userid=
http://loveawake.ru/ - West Orange. West Orange , , .

Pieta Pre ICO III Phase Is Live: Last Chance To Join Pieta Ecosystem
The Pieta team is glad to announce that the third phase of its pre-sale is live now. For a limited time period, investors can get a flat 40% bonus on all their token purchases during the pre-sale. Also, the Pieta token is being offered at an exclusive rate of $0.75 per token only for the pre-sale pe

Imaginable partners be experiencing all kinds of varied preferences
The usual grown-up, become rigid biting penis is between five and seven inches long. Some are smaller; some are bigger. Smaller flaccid penises be blameworthy to mature tili.bareblog.se/leve-sammen/maend-og-barsel.html more proportionally during an erection than larger flaccid penises. And some peni

Contact: daniel@coincrunch.com Submit News RSS