Introduction
What is Business management? Hiring managers to manage people to grow your business is a definite action that every company employs at some time. But, most of the companies fail. But, let's just focus on one of the most important which has critical significance in the success of any company, The Business process management. It is the key to successful operation of any kind of business. A well-defined procedure according to which every entity of the business operates. The questions and queries of the different departments of the company are documented in Business process management principles.
How the task will be conducted and for whom will it be conducted, and who will be responsible for the operation. But, today many challenges exist for the companies as they are flooded with data from the software without actual remedial actions and future roadmap for the growth of the company according to the data present. Especially, startups and SMEs face a lot of problems due to lack of resource. They cannot hire experts and have to complete a variety of domain task themselves which leads to the failure of the business. A few of the challenges that companies face in the management of the business can be summarised.
Lack of domain knowledge expertise and cash flow management
Manual process execution and lack of decision making
Dependent on people and lack of planning paradigm
Weak delegation and lack of management principles
A smart and technologically sound system which can manage business operations is required in the today's business environment.
SOLUTION OFFERED
OBIZCOIN is developing a Smart BOT based on the Artificial intelligence and blockchain technology for automation of the Business process. BOT has multiple capabilities and a few of them are mentioned below.
BOT Domain Expertise
BOT Process Design
BOT Smart Contract
BOT Reward System
BOT Alerts
API integration of SAP, tally and Microsoft will be available on the platform. One of the most important services offered by BOT is the operational risk score analysis score, which is based on the unique risk score algorithm.
Providing key metrics of the performance of team and variety of improvisations methods, this score helps startups and SMEs take control of the business operation. Along with the BOT, It allows third parties to offer business operation consultations to the startups and SMEs. Overall, BOT will act as a virtual CEO. The entire process of the BOT can be summarised in the following steps.
Evaluation
Implementation
Validation
Record and review
Reward
BOT offers the expertise, data, analysis and insightful actions for the entire business process management.
ICO INFORMATION AND TEAM
270 million OBZ tokens are offered to the public. The token can be used to access the OBIZCOIN DAPP platform, reward developers and avail variety of services on the platform. The token sale is currently live until 14th March 2018. One ETH is equal to the 10000 OBZ Tokens.
60% of the funds will be utilised in the application development while 30% will be utilised in marketing. The team is experienced in the fields of business management and technology development.
OPINION
Almost 70% of startups and SME fail before they can become big. What do you think is the reason for it? Well, there are many reasons to be considered. Today, a variety of software exist to ease the process in the company. They monitor, record, analyse and deliver a required solution for the business process management in the company. Enterprise resource planning has become the popular choice for many companies to make the business operation more transparent and effective. It works as the central body of the corporation having a relationship with each department of the organisation.
Artificial Intelligence has already shown its potential in the multiple application and now it's time for the combining its power with the blockchain technology to create a sustainable solution for the business across the world. The BOT market has grown exponentially since the last few years and they are being employed in many of the operations of the business, such as customer service management and data accumulation etc. I think they have presented the biggest innovation of the year by creating a perfect BOT to carry out the entire operation of the Business. No Wonder, they called it the Virtual CEO.
Important links
Website : https://www.obizcoin.io//
Whitepaper : https://www.obizcoin.io//images/Obizcoin-Whitepaper.pdf
Published by:Kishan748
Btalk profile: https://bitcointalk.org/index.php?action=profile;u=1027561