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


My Website
The more you talk about various other blogs https://homesolution.site, the more links you make with bloggers. This helps in developing long-term networks as well as partnerships that can function to your benefit on multiple social networks platforms. Mutual relations prosper and also you get to pr

Premium Aged Twitters 2007-2013
Premium Aged Twitters 2007-2013 - all come with the original email, means they're as good as your own, will last a long time! - long 1 week replacement policy - responsive after-sales support Prices: 2007 - $20 2008 - $15 2009 - $10 2010 - $8 2011 - $7 2012 - $6 2013 - $5

End of Cowrium ICO: Last Day to Invest in the Biggest Sale of the Year
Those who have already invested in the Cowrium ICO can now sit back, relax and watch their investments grow. But for those who still haven’t invested, the time is slipping away, as the ICO is near its end. As per the schedule, the pre-ICO phase III of Cowrium will end on the 31st of March. That

so, there is an
Also, there is an attractive bonus offer, where you can avail up to 30% bonus on your purchase o during the ongoing sale. Again, the bonus offer is time-sensitive and the amount you can win will reduce with this sale. So, hurry! Invest in the today to maximise your p

Зачем и кому нужны такелажные работы?
Что такое такелажные работы? Такелажные работы связаны с подъемом различного оборудования, металлоконструкций и тяжелых негабаритных грузов. В работе использу

Young Heaven - Naked Teens & Young Porn Pictures
Big Ass Photos - Free Huge Butt Porn, Big Booty Pics http://nushemale.fetlifeblog.com/?alysha porn sites with young celebrity porn videos that surfaced porn wike threesome cum swapping porn tube gay porn celebrities nude

Шкафы в Нижнем Новгороде
Мебель в прихожию на заказ в Нижнем Новгороде - http://xn----7sbrh2aacgj5c3g.xn--p1ai - прихожая-нн.рф http://xn----7sbrh2aacgj5c3g.xn--p1ai - шкафы для малогабаритных квартир цены

Офиская мебель в Нижнем Новгороде
Офиская мебель на заказ Нижний Новгород - http://xn----7sbdpbozehhab4b2b7itb.xn--p1ai - офиснаямебель-нн.рф http://xn----7sbdpbozehhab4b2b7itb.xn--p1ai - металлическая мебель

enjoy new website
New project started to be available today, check it out http://teenpornportals.porndvdpurchase.lexixxx.com/?alisha free full 1080p hd porn clips angelina jolie porn clip porn softcore video review dresser up as bear porn hamster chubby porn gagging

CamaronaldUnubs
https://baltles96.ru https://king-link.ru https://gidrochistka.ru https://a-kafedra.ru https://androidreview.ru https://svadbavsibiri.ru https://tkpetrovich.ru https://aboutchild.ru https://medicinemaska.online https://medicinemaska.ru https://maskykupit.online https://maskykup

Contact: daniel@coincrunch.com Submit News RSS