Enterprise AI solutions

Need for an Effective AI Strategy to Fuel Business Growth during Crisis

2020 has been a tough year, bringing lamentable loss to lives and businesses.

The sudden knock of the COVID-19 pandemic was characterized by dire consequences, deeply affecting the businesses’ momentum. The strategies devised by even the biggest businesses of the industries stood defunct in the face of the health threat crisis followed by the grand global lockdown implemented in more than 20 countries.

Business Transformation during the Time of Crisis: The Need And Pace

Given the belief of authorities that contactless operations could curb the spread, the businesses couldn’t depend on their traditional practices. This resulted in a growing need for digital technologies and digital transformation strategies.

Business transformation at the inopportune time of crisis won’t be the same as it is under normal circumstances. According to a survey by Harvard University, senior executives of 70% of 1,000 companies stated that pandemic would accelerate business transformation and that it would be the only way to combat the economic effects of COVID-19 on businesses.

Why is now the best time to come up with Fresh AI Strategies?

The unforeseeable hit by the black swan event left the previously planned strategies lifeless. It is time to devise an intelligent strategy that could prevent businesses from short-term negative effects and help them adapt to the permanent effects of the crisis.

The following points would reveal how the current situations are favorable to a vertical change:

  • Mitigated Market Reaction for Experimentation

Since the focus of the world is on the crisis and its effects, and markets are at a recovery phase, the sheer disruption that the vertical business strategies could bring normally to the effect is mitigated for a brief time period.

  • Favorable Changes in Almost-Flattened Customer Adoption Curves

It is evident that customers are generally reluctant to abrupt changes and require considerable time to adopt new processes. However, since the crisis has had a major effect on the population, the spirit to compromise and adjust is escalated. Businesses can harness that spirit to create a positive change for themselves and customers.

  • Crisis-Characterized Readiness to Change at All Levels of Organization

The internal business teams work in silos and are reluctant to change. The most kinetic business managers and shareholders demand immediate profits. Now that the black swan has had its massive effect on businesses, the urgency to revive has leveled-up the readiness to embrace changes at all levels within organizations.

Recover and Gain Profit with best Enterprise AI Solutions

Given the current unprecedented scenario, the need for business transformation cannot be overlooked. Businesses that stick to unshakable inertia and hope everything would snap back to normal would eventually land out of their cloudland or would have to shut-down.

Millennial Partners (millennial.ae) prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through its own proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments. We follow a coherent roadmap that includes incorporating the most cutting-edge technologies and vendors focusing on technologies such as enterprise Blockchain, Artificial Intelligence, and IoT.

Should you have any questions and or would like some focused professional advice, please don’t hesitate to reach out via our e-mail at info@millennial.ae.

enterprise blockchain consultants

How can Blockchain Consulting Fuel Business Growth?

Despite the enormous potential of blockchain technology, this distributed ledger technology is gaining gradual adoption. Any technology of such huge potential has gained significant acceptance by industries but then the question arises – why not Blockchain?

One of the major reasons, according to subject matter experts, is the paucity of comprehensive blockchain consultancy solutions. Businesses lack solutions that can help them understand and harness the potential of disruptive blockchain technology.

Let us discuss the 3 prime decision areas where availing services of expert enterprise blockchain consultants can help a business increase their ROI:

  • Distilling Pain Points

Blockchain appears as an unrivaled solution to problems related to transparency, security, traceability, costs, efficiency, and speed.

However, the appropriate pain points need to be analyzed before blockchain is leveraged to address the problem areas. Top-notch blockchain consultants outperform in analyzing such challenges while applying their experience and deep understanding of use-cases.

  • Examining the Marketplace

After the pain points are identified, the company looking for blockchain integration needs to gather the most up-to-date data about the marketplace.

Usually, the required data revolves various points. These include the unique characteristics of a business and digital transformation strategy by which a niche can be created by your blockchain solution.

  • Discovering Use-Cases With Significant ROI impact

It is one of the evident facts that trust is the heart and soul of blockchain technology. Blockchain is, in fact, an ideal solution for the elimination of inefficiencies that arise due to intermediary involvement and other third-party engagements.

Trust fostering is something that is 99% of the time eligible to be that one use-case that has a remarkable impact on the ROI for every business. Your business can have additional potential points and blockchain consultants can help you identify them.

After planning follows implementation.

How Can Enterprise Blockchain Consultants Help In the Implementation Phase?

You may have various questions while integrating blockchain into your business – such as which blockchain solution to count on; who would own blockchain system; which type of blockchain to choose – permissioned or private; the need for knowledge proofs; hosting of blockchain nodes and many other technological factors. Here’s where you would be helped best by the professional blockchain consultants.

At Millennial Partners, we serve as your reliable enterprise blockchain consultants with real-world experience in blockchain implementation. We offer complete solutions – from use-case identification and implementation of the solution to deployment.

Millennial Partners (millennial.ae) prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through its own proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments. We follow a coherent roadmap that includes incorporating the most cutting-edge technologies and vendors focusing on technologies such as enterprise Blockchain, Artificial Intelligence, and IoT.

Should you have any questions and or would like some focused professional advice, please don’t hesitate to reach out on our e-mail at info@millennial.ae.

Asset tokenization advisory

How can Asset Tokenization Revolutionize the Real Estate Industry?

The real estate industry is growing more complicated due to the involvement of more stakeholders, huger investments, diverse talents, and ever-changing regulations. Apart from the complexities, the billion-dollar worth industry is also inflicted by setbacks that are impeding its unflagging growth.

The most agile businesses of the industry have already devised strategies to integrate potential technologies in their operations. Asset tokenization is one of the disruptive technologies that is being harnessed to make a positive difference to the current scenario. Those who are new to revolution are leveraging professional asset tokenization advisory services to come up with a configurable strategy and end-to-end implementation plan.

3 ways Asset Tokenization can disrupt the Real Estate Industry

  • Immutability

Blockchain drives immutable transactions and creates a tamper-proof history of transactions, enabling stakeholders to provide evidence of their ownership.

If a stakeholder tries to sell the same token to multiple parties, the history of ownership associated with the token would make it impossible for him to falsify transactions or commit frauds.

  • Accelerated Settlement

The smart contracts can be configured in a number of logics in operations, thereby, facilitating automated transactions as soon as contractual obligations are met.

The well-structured system allows investors to have a tour of a clear, immutable record of data related to transactions during decision-making. Businesses can also rely on voting that is the essence of an ingenious system, thereby leading to better business decisions.

  • Better Security and Transparency

The tokenization tech employs blockchain that promises world-class security in a volatile digital world. Cryptography fortifies the security of tokens by clearly indicating assets owned by stakeholders.

Lack of transparency is one of the major lags faced by conventional the real estate industry and tokenization has the potential to eliminate this problem by providing enhanced transparency in operations.

Tokenization: A Reliable Solution

Apart from the above-mentioned benefits, tokenization offers many other refinements and improvements that can steer the real estate industry towards unobstructed growth. Businesses can also discover their untapped potential with the help of professional asset tokenization advisory services.

At Millennial Partners, we offer comprehensive asset tokenization solutions – from token development, deployment, and marketing.

Millennial Partners (millennial.ae) prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through its own proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments. We follow a coherent roadmap that includes incorporating the most cutting-edge technologies and vendors focusing on technologies such as enterprise Blockchain, Artificial Intelligence, and IoT.

Should you have any questions and or would like some focused professional advice, please don’t hesitate to reach out on our e-mail at info@millennial.ae.

asset tokenization advisory

How is Asset Tokenization Redefining the Financial Industry

Tokenization of assets is poised to disrupt various industries, in particular the financial industry. It will redefine the way people invest in assets – from art to buildings. Those who are not prepared for asset tokenization are more likely to lag behind.

What is asset tokenization?

Asset tokenization refers to the process of issuing blockchain tokens, specifically security tokens. These tokens digitally typify a real-world tradable asset and are issued through Security Token Offerings (STOs). A security token represents a share in a company or ownership of a piece of property. The security tokens are then traded on the secondary market.

With the increase in the popularity of asset tokenization, the demand for asset tokenization advisory services is also increasing. Businesses are leveraging the experience and expertise of asset tokenization professionals to reap the benefits of a new token economy.

How is asset tokenization reshaping the finance industry?

Asset tokenization forges the path for a more efficient and transparent financial world by mitigating the friction present in the process of creating, buying, and selling securities. The following are the ways by which asset tokenization is bringing a shift in the financial industry.

  • Greater Liquidity

The issuers of tokens harness asset tokenization consultancy and development services to tokenize their assets – especially private securities and illiquid assets like fine arts – and easily trade their tokens on a secondary market. Access to a large number of traders improves the liquidity of assets, enabling both issuers and investors to capture greater value from the underlying asset.

  • Quick and Cost-efficient Transactions

The transactions of tokens are driven by smart contracts, which are software programs written to trigger actions when certain conditions are met. The smart contracts automate transactions, reducing the administrative burden involved in the process of token buying and selling, with the need for fewer intermediaries. This results in quick transactions and lower transaction fees.

  • Greater Transparency

Security tokens are embedded with token holders’ rights and legal responsibilities, along with an immutable record of ownership. This results in transparent transactions and provides a clear picture of token holders’ rights and who previously owned a particular token.

  • More Accessibility

Tokens are highly divisible, which means that investors can buy tokens that represent significantly small percentage of an underlying asset. This enables the investors to enter the market, even with small investment amounts.

Take away

Tokenization has the potential to make the financial industry more accessible, accelerated, cost-efficient, and simplified, thereby unlocking trillions of funds in currently illiquid assets and elevating the volumes of trade.

At Millennial Partners, we offer asset tokenization consultancy and development services to help businesses embark on their journey to tokenize their assets. Whether you want to tokenize real estate, art piece, commodity, or any other asset, we help you accomplish your goals with our mission-driven solutions.

Millennial Partners (millennial.ae) prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through its own proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments. We follow a coherent roadmap that includes incorporating the most cutting-edge technologies and vendors focusing on technologies such as enterprise Blockchain, Artificial Intelligence, and IoT.

Should you have any questions and or would like some focused professional advice, please don’t hesitate to reach out on our e-mail at info@millennial.ae.