enterprise blockchain consultants

How is Blockchain Accelerating Digital Transformation – Part 2

When talking about digital technologies poised to bring the next biggest industrial revolution, blockchain cannot be overlooked. Blockchain is one of the most dominant technologies that is opined to have a radical impact on businesses and industries. Top businesses have already partnered with enterprise blockchain consultants to prepare for a better tomorrow.

In our previous blog, we covered the two roles of blockchain in accelerating digital transformation. Let us discuss the potential of disruptive digital ledger technology in fueling digital transformation.

  • Blockchain as an ideal framework for connectivity and networking

Connectivity and communication never got this much priority as they got in the digital era. Internet of Things, machine learning, and artificial intelligence are some of the digital technologies helping businesses in developing completely connected digital ecosystems.

With connectivity, comes the problem of data handling as better connectivity generates more data. Blockchain, the infallible digital ledger technology, has the potential to record data securely and transparently, leaving linear digital footprints. This makes blockchain an ideal architecture for advanced connectivity.

  • Blockchain redefining the traditional supply chain

In the coming years, the supply chain is going to undergo a myriad of redefining episodes. Costs, complexity, lack of speed, etc. remain the major pain points of the conventional supply chain models. Businesses can leverage blockchain integration and business process transformation advisory solutions to overcome these pain points and improve their operational efficiency.

Blockchain, with decentralization at its core, has the potential to bring the utmost transparency to the supply chains. From raw material procurement to closing the deal with the customer – all transactions can be recorded and tracked on an incorruptible digital ledger at lower costs. The greater transparency simplifies and expedites operations, making the supply chain more efficient than ever.

Final Thoughts:

Other than the two mentioned above, smart contracts and cryptocurrencies are solutions offered by blockchain technology that are dominating digital transformation conversations. Seeing the incomparable potential and efficiency of blockchain, we cannot deny the fact that although blockchain is in its infancy stage, it has a huge role in digital transformation.

Leverage Blockchain and Artificial Intelligence Consulting Services by Millennial Partners

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 is Blockchain Accelerating Digital Transformation: Part 1

Technology is steering the change from tradition to modernity in almost every aspect of life. Emergences and advancements in technologies powered by innovations have been reinventing the world for businesses and customers.

A survey by Computerweekly shows that COVID-19 has accelerated digital transformations. At such a crucial phase, it is indispensable for the heads of innovation, CTOs, CIOs, and more to leverage enterprise digital strategy advisory and recognize the most effective use-cases and exploit technologies to the maximum potential.

Blockchain remains the talk of the town, dominating conversations about digital transformation. The points below explain the potential of blockchain to steer digital transformation.

  1. Blockchain as an archetype for digitized transactions

The technology powering the incorruptible digital ledger of financial transactions, along with cryptocurrency, can potentially bring a high level of trust to peer-to-peer transactional frameworks. This also eliminates the need for a centralized authority to drive transactions.

As blockchain provides a simpler framework equipped with a high level of trust and security, it becomes an ideal choice for businesses that need to improve their transactional processes.

By leveraging the services of enterprise Blockchain consultants, businesses can successfully integrate blockchain into their operations.

  1. Blockchain as a fillip of business procedures

Speed sets you apart. With the help of digital transformation powered by the most dependable technologies such as blockchain, businesses can ensure speed in their processes.

Blockchain doesn’t just expedite the processes but also makes them more efficient. Therefore, it is a perfect stimulant for processes.

Businesses can embrace blockchain to set up a digital environment consisting of perfectly optimized processes.

Takeaway

The above-mentioned are the two advantages that businesses can benefit from, by integrating blockchain. We’ll talk about some more benefits in the next part of the blog.

Leverage Blockchain and digital transformation advisory service by Millennial Partners

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.

digital transformation strategy

3 Pillars of Digital Transformation

We’re just about to welcome 2021 and the world knows that digitization is already a part of our lives. The COVID-19 pandemic has led to an inevitable need for digitization. Considering the situation, we can no longer state that businesses still have time to postpone devising their digital transformation strategy.
Before businesses embark on the digitization journey, it is important to understand the following three pillars of digital transformation.

  • Shopper Experience

Virtual universe connects businesses and customers more closely than ever. To keep up with this always-connected trend, businesses have to embrace technology. By digitizing and connecting with your customer on online channels, you can win chances over the traditional players in the industry.

Know your customers’ expectations, behavior, and customize a digital journey that stands out in every way. This would help you win chances over your digital competitors.

According to a report by Segment, 44% of buyers claimed to become repeat buyers after personalized experience and 71% buyers expressed frustration if experience was not optimized.

  • Operational Process

After enhancing the customer experience with digitization, businesses need to take a close look at operational efficiency. From manufacturing a product/service to its delivery and after sale service – these processes form a chain. They must be optimized to deliver increased value at each stage of the chain.

AI-enabled digital transformation tools are leading the way in improving the surveillance over processes, flow of information, coordination, and more. They can effectively help in improving the operational processes.

A report by PWC reveals that out of 1300 CEOs across the globe, 77% confide in the fact that working on operational efficiencies would drive revenue growth.

  • Business Model

You must keep track of your competition’s moves to make surethat your business model is not obsolete.

Having an outdated business model is a common mistake.Innovative industry leaders keep trying to come up with the most disruptive innovations and overlook the most important of all, keep updating your business model. The full potential of Digital transformation is only realized if your business model is updated.

A report by PLM revealed that 60% of businesses came up with new business models while transforming their businesses digitally.

The above-mentioned 3 Pillars are the most important pillars of digital transformation. However, the list of pillars doesn’t end here. Professional digital transformation experts can help you realize other important factors, tailored to your specific business needs, to build out the right strategy for success.

Leverage Digital Transformation Advisory to Devise a Perfect Strategy

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.