Obizcoin working on most promising technologies: AI & Blockchain
Business and technology are close companions; one can find the best of both the worlds almost always together. It has always been like this. From the first industrial revolution to the advent of the internet, business and technology have been reinforcing one another. And now at the dawn of the so-called the ‘fourth industrial revolution’, we are staring at two interesting technological developments — Artificial Intelligence and Blockchain Technology. From self-driving cars to decentralized networking, the utilities of Artificial Intelligence and Blockchain Technology have found wide-spread recognition around the world.
As the big boys from the world of business begin to explore the possibilities through Artificial Intelligence and Blockchain Technology, it becomes imperative to ask if the small and medium-sized businesses too should keep an eye on these two cutting-edge technologies.
About 80% of the startups and SMEs struggle with their business process management and working in this direction, Obizcoin is developing a Smart Business Process Automation BOT based on Artificial Intelligence and Blockchain Technology.
In this article, we’ll try to highlight the utility of Artificial Intelligence and Blockchain Technology in Obizcoin Smart Process BOT (currently in development stage).
Artificial Intelligence
With the help of Artificial Intelligence and in tune with the strategic and operational requirements of a business enterprise, the BOT shall be capable of developing and improvising business processes. The use of AI is aimed at making the business processes intelligent.
In a dynamic business environment, perpetual upgradation in business intelligence and continuous improvement of business processes is crucial for an organization to achieve and maintain business process excellence. The BOT’s ability for self-learning is addressed by AI capabilities.
Complex decision-making involving a multitude of variables becomes possible with Artificial Intelligence and improved efficiency and effectiveness in business decision-making eventually has a favourable bearing on turnaround time and customer satisfaction.
Blockchain Technology
Obizcoin Smart Process BOT shall also automate the business processes with which arises the need for transparency as well as security. The use of blockchain technology is aimed at making this platform transparent and secure.
A business enterprise has to enter into several agreements with different stakeholders (employees, suppliers etc) to establish the working relationships. These agreements will be executable through Smart Contracts.
Obizcoin’s Smart Process BOT shall help in the performance analysis of the employees and employee rewards would be distributed through Smart Contracts.
The use of decentralized blockchain platform shall also enhance data security.
Startups and SMEs cannot afford to turn a blind eye to the advancements being made in the field of business and technology when they aspire to survive, grow and counter the competition from the business giants and other players; if not in terms of size and scale of business but on the parameters of efficiency and effectiveness in how they run their business.
Disclaimer: The above content/article is intended only to provide a general overview and is not to be used as a basis for the exercise of any business, professional or investment judgment/action.
For detailed information, please visit the company’s website and carefully read all the necessary documents.
