OBIZCOIN-Smart Process Automation BOT

                                                                                  World’s First
Based on Artificial Intelligence & Blockchain TechnologyInvesting in Obizcoin means Investing in

                                                            "Business Services of the Future" 

BOT CAPABALITIES :

BOT will be capable of developing and improvising business processes with the help of AI and Ethereum Blockchain Technology Perpetual upgradation in Business intelligence will make the BOT smarter each day, which shall eventually augment to the process excellence quotient of the organization

BOT DOMAIN EXPERTISE : Bot will be equipped with Domain knowledge of specific businesses. Domain knowledge pool of BOT will keep on widening with new business domain knowledge additions. Domain expertise will enable clients to have a competitive edge in business management. It will provide early warning signals of failure, improve decision making abilities, reduce probabilities and devise operational roadmap.

BOT PROCESS DESIGN : Process mapping -- procedures development -- KRAs and KPIs -- Reporting and MIS. Processes designed shall be in parallel with the company's strategic and operational goals. In a competitive environment where technology is rapidly changing, the continuous improvement of the business processes of companies becomes one of the critical success factors (CSF) for companies to succeed.

BOT PROCESS DECISIONS : With expert domain knowledge, BOT will help the business to take appropriate process decisions. Companies need to move fast, but they also need longterm strategies that will ensure that their business can fulfil the demands for today and tomorrow. Appropriate decisions will lead to balanced and sustainable growth of the company.

BOT SWOT SYSTEM : BOT SWOT is a system of employing advanced analytical techniques and algorithms to train the BOT on how to capture usable data from a wide variety of sources and formats to provide potential insights on the efficient as well as less efficient verticals in the organisation & work on them to overcome weaknesses & grab opportunities.

BOT SMART CONTRACTS : BOT will be capable of preparing and executing smart contracts that will enable organizations to automate repetitive and definite tasks with predefined conditions and outcomes. Smart contracts will be executable within & beyond the organizations like vendors, suppliers and so on. This will help organizations to make the transactions and processes transparent and secure.

BOT REWARD SYSTEM : With the help of ethereum smart contract technology, employee rating and rewarding shall be automated, as smart contracts would execute the financial transactions like payroll, incentives, bonus and commission depending on the predefined conditions.. This will act as an auto motivator to employees as there will be complete transparency in deliverables expected and rewards distributed. So ethereum smart contract based reward system would bring tangible benefits to the human resource management.

BOT AUDIT SYSTEM : With the help of Artificial Intelligence, BOT will conduct process audits of the organization, evaluating the overall operational growth at micro level and improvising the processes with respect to the turn around time, efficiency and resources consumed.

BOT ALERTS :  BOT Alerts is designed to strategize business processes. Predictive Alerts: Predictive Alerts alarms potential weaknesses in the process or system and suggests combating strategies with probable outcomes preparing the organization to overcome difficulties beforehand. Prescriptive Alerts: Prescriptive Alerts enables early identification of problems occurring on process and procedures thus suggesting related recovery actions, together with the potential repercussions of their adoption, at operational level.

BOT SERVICES

 1. Business Process Management

• Designs Processes

• Aligns Team

• Monitors Progress

• Reviews Efficiency

• Rewards Team

• Upgrades Process

2. Operations Risk Score Analysis 

3. Third Party Services

BOT – HOW DOES IT WORK? Even after having so many business management software & ERP, there is still no easy way for businesses to streamline their processes, monitor performance of their staff and get their operational risk score analysis to. provide them an insight into their operational health. They still take business data from various ERP Software, HR Software, Task Management Software, CRM Software, Accounting Software, Opening & Closing reports in PDFs or excel sheet and then someone has to manually analyze this data and narrow down to solutions with limited domain expertise. This is a slow, out-dated and people dependent process. This reduces the sustainability of Startups & SME businesses & one of the major factors for their slow-down or failure. If you are a business owner, this is all going to change starting with Obizcoin Knowledge BOT because it will develop your business processes, monitor and upgrade your team performance and build your operational health score card that can reduce your operating costs, increase your productivity & minimize the failure rates. BOT will provide domain knowledge which will align all your processes, including the internal as well external processes. All the software available in the market today provide humungous data in the form of reports but does not tell you what to do, how to use and when to use these reports. BOT will analyze the reports & shall present you with solutions best fit for your organization. So, its not just an application, but your Virtual CEO. BOT knows which staff is performing the best and which one is not. knows your inventory turnover ratio and guides you to manage your purchase levels. BOT will monitor the progress of every process in the organization and send alerts for alarming situations. It will analyze all the above information and several other data points across the organization to build an algorithm for the operational health score of your business. This information will help business owners have better control over their operations & provide early warning signals in case any process is deviated or not followed. In most SMEs and Startups, Owners feel that the employees are not performing and employees feel that the owners are not rewarding. BOT shall solve this problem by recording, reviewing & rewarding employee performance, accurately. Recording & reviewing shall be automated using AI Technology and rewarding shall be automated by integrating Ethereum based Smart Contracts.

INDUSTRY CHALLENGES 

PLANING :  Good business planning will steer the organization in the proper direction. This includes mission and vision statements, a good marketing plan, cost planning, and strengths, weaknesses and competitor analysis. Most SMEs fail because their plans are sales-oriented. Effective business planning should meet customers’ needs. The more a business develops, the more attention its management needs to pay to planning. 

CASHFLOW MANAGEMENT :  There are various reasons why businesses experience cash management problems. A few factors that affect SMEs & Startups are slow-moving or excessive stocks, overly generous credit terms, and cash wasted on unprofitable products and services. It is vitally important for SME owners to keep a check on some basic accounting disciplines, such as budgeting, profit and loss, and break-even analysis, to remain sustainable. 

PROMOTER-LED ORGANIZATION :  Most SMEs depend on a one-individual or one-man rule, without the support of a formal management structure. Hence, effective delegation, effective leadership, organizational hierarchies and large business principles are difficult to implement. 

DECISION MAKING :  Decision making is a vital component of small business success. Decisions based on a foundation of knowledge, sound reasoning and industry experience can lead the company into long-term prosperity; conversely, decisions made on the basis of flawed logic, emotionalism, or incomplete information can quickly put a small business out of existence 

EXECUTION : A brilliant strategy, blockbuster product, or breakthrough technology can put you on the competitive map, but only solid execution can keep you there. You have to be able to deliver on your intent, which is the biggest challenge for Startups and SMEs. 

ANALYSIS :  Analysis predicts the consequences of a business function and process and gathers information needed to develop recovery strategies. Potential loss scenarios should be identified during a risk analysis & assessment. Analyzing and evaluating the impact of disasters on business provides recovery, prevention and mitigation strategies.

BLOCKCHAIN TECHNOLOGY 

WHY BLOCKCHAIN ? It’s the technology that underpins digital currencies and ensures that all transactions are properly conducted and recorded. But what is stored on the blockchain need not be just a monetary unit - it can be put to all kinds of other interesting uses.

The nature of blockchain technology has got innumerable applications, because the idea can now be applied to any need for a trustworthy record. It is also putting the full power of cryptography in the hands of individuals, stopping digital relationships from requiring a transaction authority for what are considered ‘pull transactions’. Blockchain enables the execution of business processes across multiple organizations and in the organization, across multiple functions. Distributed and decentralised ledger technologies, smart contracts and the internet of things have the potential to disrupt and revolutionise business process management and optimisation You could make the process even smarter by including more interaction with the blockchain, such as reacting to events on the blockchain that indicate fraud or other incidents. These events could directly initiate new business processes and ensure that appropriate actions are taken by the right people.

MORE INFORMATION :

 

WEBSITE : https://www.obizcoin.io

WHITEPAPER: http://www.obizcoin.io/images/Obizcoin-Whitepaper.pdf

TWITTER: https://twitter.com/obizcoin?lang=en

FACEBOOK: https://www.facebook.com/obizcoin/

GITHUB: https://github.com/Obizcoin/obizcoin

ТЕLEGRAM : https://t.me/obizcoinetwork

author : jhonwick007
my eth : 0x2032f0E6Ae5538014a02a333a456617ABABe5F77