business transformation advisory

3 Reasons Why Business Model Innovation is Important

In the last few years, business model innovation, as a concept, has gained considerable popularity. Product or process innovations cannot bring around as much of an impact on the productivity of businesses that business model renovations can. This is why it is beneficial to leverage business transformation advisory to devise business model innovations that have the potential to disrupt the market and improve the sales growth graphs.

The business model depicts how a company operates and what its aims are. It basically conveys the following four integral elements:

  • Target customers
  • Value and benefits that it aims to bring to its customers
  • How is worth created for their customers?
  • Earning model of the company

An ideal business model would clarify the above-mentioned objectives. Business model innovation works on several integral elements of a business. The following example perfectly explains the concept.

An electronic equipment manufacturer modifies its business model and shifts from the sale to sales plus rental. This particular transformation changes its target customers (opens up their customer base to people with lower budgets and transient need), revenue model (‘sales’ in revenue model remain intact and rental income is an addition), process (there would be significant changes in business operations), and a lot more things.

Reasons why business model innovation is integral

  • Improved value creation

Businesses may reach a growth plateau at a particular time if they don’t bring a change in product, process, revenue model, or other important elements. A well-planned business model innovation works on several aspects and therefore is capable of preventing a growth plateau situation. More value can be created with such transformations that lead to increased growth.

  • Difficult for competitors to copy

Business model transformations generally involve major changes and therefore are difficult for competitors to copy. Businesses that have revamped their business models can enjoy a long and extended period of competitive edge.

  • Prepares businesses for market cycle disruptions

Many business model renovations automatically make a business relevant and less sensitive to unexpected market cycle disturbances. The best example in this regard would be businesses equipped with artificial intelligence tools to digitize their processes. During the COVID-19 pandemic, such businesses were more resilient compared to traditional business models.

The above-mentioned are some of the benefits of business model innovations that make digital transformation integral to businesses. If you’re a business planning for something similar, get in touch with seasoned advisory experts at Millennial Partners.

Leverage artificial intelligence consulting services & business transformation advisory to create a digitized, better business model:

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.

Consultancy for Enterprise Blockchain

How is Blockchain Capable of Redefining the Telecom Industry?

The Telecom industry is one of the most dynamic industries that is continually evolving. It keeps on reinventing its operating models and offerings. From fixed landlines to a data-based revenue model, there were hundreds and thousands of transformations that brought the telecom scenario to where it is today.

Since the revenue in today’s telecom industry comes from data, there is a huge scope for blockchain. The most innovative CTOs and innovation strategists are already planning to deploy blockchain. They are leveraging consultancy for enterprise blockchain to make this transformation, best of the century.

Scope of Blockchain in the Telecom Industry

The distributed ledger technology has incredible, unparalleled capabilities of making data immutable, easily traceable, and verifiable. This core characteristic of technology would enable the telecom industry to set up a fully controlled, secure, and transparent ecosystem. It would ultimately mitigate costs, improve networks, and enhance the experience for almost all key stakeholders of the industry.

Benefits of Leveraging Distributed Ledger Technology in Telecom

  • The blockchain characterizes trust in the systems by making transactions highly transparent. It improves the coordination between different stakeholders in businesses. Furthermore, blockchain eliminates third-party involvement, thereby mitigating costs for businesses in the telecom industry.
  • With the integration of blockchain-powered smart contracts, billing procedures for roaming can be accelerated and improved. This would eliminate any chances of fraud and increase revenue generation opportunities for telecom businesses.
  • The distributed ledger powered by blockchain technology comprises a complete history of transactions. The logged data is immutable and appropriate for generating authentic audit reports.

Conclusion:

Each time, ingenious solutions have paved the way for revenue generation opportunities for the telecom industry. This time, new opportunities would be unlocked with blockchain integration, which is opined to transform the current business models into highly profitable business models.

If you are a maverick in the industry, interested in creating new revenue streams by integrating blockchain into your telecom business, get in touch with seasoned blockchain advisory experts. They would help you with everything – from ideation to enterprise blockchain solution integration.

Leverage services by leading blockchain and Fintech Global Consultants

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 AI solutions

5 Steps to Enhance Customer Experience with Artificial Intelligence

In a customer-centric world, businesses focus on maximizing customer loyalty, advocacy, and satisfaction. If you are a business seeking ways to improve customer experience, the following five steps will guide you on how you can leverage Artificial Intelligence (AI) to deliver a better customer experience.

Step 1: Devise a Customer experience strategy

Before you identify use cases for AI integration or decide what your enterprise AI solutions should ideally do, you must have a well-built customer experience strategy. You must have a clear vision of how better your customer journey should be. If you lack resources who can actively participate in devising such a strategy, you should outsource.

Step 2: Chart out and examine customer journey

Chalk out how customers interact with your business. Prepare a complete sketch demonstrating a complete cycle – from the discovery of product and presales to closing the deal and beyond. Identify key touchpoints and figure out the best way AI can help in enhancing customer experience at those points. You can also seek enterprise digital strategy advisory services to recognize those touchpoints in the current customer journey.

Step 3: Plan integrations with the best AI tools that help in understanding customers effectively

We can’t deny the fact that your organizations already have tons of data collected from sales representatives, basic customer experience assessment tools, social media, and more. According to Gartner, this data isn’t fit to use for assessing real-time insights into customers’ journeys. Businesses can leverage fully-fledged AI solutions that mine, categorize, arrange, and analyze the data that sums up the customer journey.

Step 4: Decide what would be best- to develop AI software from scratch or buy an off-the-shelf solution

Based on your requirements and budget, decide what suits your business- getting enterprise AI solutions developed for your business from the ground up or buying an off-the-shelf solution. If you choose to get it developed, make sure to hire best Artificial Intelligence consulting services to plan its effective development and deployment. On the contrary, if you choose to buy a white label solution, make sure it has all the required features.

Step 5: Track performance

Recognize key performance indicators (KPIs) and then set milestones for performance tracking. Focus on small victories and let their frequency create a momentum for welcoming the bigger ones.

Bonus: Step 6: Leverage the Best Artificial Intelligence Consulting Services

After considering the 5 step methodology, here is a bonus step that should be followed for improving the efficiency of the above-mentioned process. Formulating customer experience escalation strategy, examining customer interactions and engagements, planning effective integrations, getting Enterprise AI solution developed and monitoring, tracking performance can be a daunting task. Partner with best Artificial Intelligence consulting services and it won’t be difficult for you.

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 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.

VAT specialist advice

How should businesses prepare for VAT implementation in Oman?

In our previous blog, we studied in brief about the Oman VAT implementation that is scheduled for early 2022. Imran Mushtaq, the indirect Tax Director, VAT lead for PwC in Oman recommended businesses to plan and budget for VAT, assuming the treatments in other implemented states as an indicator for possible execution conduct in Oman.

Here are some of the ideal steps that businesses must be headed toward:

  • Scoop out a VAT working team from the individuals working for your organization

Other than hiring a professional group of consultants for VAT specialist advice, businesses should appoint an internal VAT team to scrutinize VAT developments and confirm the inclusion of VAT in future budget and other execution plans.

  • Spread VAT awareness

Businesses must ensure that appropriate steps are undertaken to educate employees about the potential scope, technicalities, and terminologies related to the upcoming VAT taxation.

  • Record transactional course comprehensively

Being a transaction tax, the new taxation regime is going to have an undeniable impact on transactional businesses. As each transaction would prompt a VAT-related outcome, a comprehensive business environment should be planned accordingly to address the upcoming changes. Maintaining a transaction chronicle diligently in advance may be one of the good practices to help prepare for possible VAT treatments.

  • Contractual revisions & contract reviews

Contractual terms must be revised and previous contracts must be reviewed to ensure that they comply with the probable VAT conduct.

  • Check IT infrastructure for compliance

The VAT implementation schedule coincides with a widespread trend for greater adoption of advanced technologies and digitized processes. Businesses leveraging digital transformation advisory service to devise their digitization strategy should now coordinate their plans for VAT implementation too. While IT systems are being evaluated for advanced digitization capabilities, they should also be assessed to see whether they can prepare and issue VAT compliant invoices and returns.

  • Recognize the right resources for better preparation & implementation

Businesses must partner with seasoned industry consultants having an impressive history of working with GCC clients for VAT implementation. They must be all set to design VAT implementation roadmaps in advance by coordinating with VAT advisory specialists.

Contact us today for free VAT consultation

We, at Millennial Partners, have served thousands of GCC clients and are already working with many for preparations for VAT implementation in Oman.

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 Blockchain can Redefine the Banking Paradigm

Ever since the first cryptocurrency, Bitcoin, was introduced in 2009, the underlying blockchain technology has been gaining huge popularity and adoption. The reason behind the burgeoning popularity of blockchain is its way of verifying transactions. It counts on consensus among a peer-to-peer (P2P) network of computers based on complex algorithms rather than a central bank or a third-party. The elimination of intermediaries has accelerated financial processes like cross-border transactions, trading and settlement, and more, while making them more reliable and cost-efficient.

The synergy of blockchain and services of enterprise blockchain consultants has helped various start-ups and incumbents, especially in banking and finance, to navigate their blockchain development journey. According to an estimate, the number of blockchain start-ups sits at over 5,000. Start-ups can typically lack the in-house technical knowledge and expertise, blockchain consultants steer their blockchain implementation process – from identifying and piloting use-case to implementing and deploying the solution.

Ways Blockchain will transform Banking

Blockchain holds the disruptive power and huge potential to transform nearly every process – whether it is the basic documentation or settling time-consuming transactions. These inherent capabilities of blockchain are attracting finance and banking decision-makers who believe that blockchain can bring profound, positive changes to their industry.

  • Blockchain for Trade Settlement

The current settlement process is based on the T+2 time-frame, which means that two to three days are required to settle transactions. Blockchain technology will bring everything on a distributed ledger, leading to the following benefits:

  • Global Trade

Blockchain will enable seamless global trading due to the distributed ledger that is accessible to everyone on the network, regardless of their geographical location. Furthermore, it will bring complete transparency to the system.

  • Lower Operational Cost

The elimination of intermediaries for trade settlement will result in reduced commissions and other costs. In addition, it will accelerate trade settlement (in the T+0 time-frame).

  • Increased Trust

As blockchain records all of the transactions transparently on a distributed ledger, a higher level of trust between the capital market participants can be built.

  • Blockchain for Trade Finance

The trade finance is one of the areas ripe for blockchain transformation. Global leaders such as Deutsche Banks, Bank of America Merrill Lynch, and JP Morgan are harnessing blockchain technology, and thus services of enterprise blockchain consultants, to enhance their workflows and cut-down their costs.

A blockchain-driven trade finance solution involving a letter of credit, bill of lading, and multi-signature solutions will comprise the following features:

  1. Carriers provide a bill of lading as a digital asset on the blockchain
  2. Banks issue letter of credit on the blockchain as a digital asset
  3. Contracts based on multi-signatures
  4. Smart-contract-driven transactions to ensure transparency and speed

Take Away

Blockchain is poised to transform finance and banking, bringing greater speed, trust, transparency, and cost-efficiency to operations. Start-ups or banks planning to upgrade their current systems should have blockchain on their mind as its potential can bring significant value to the industry.

At Millennial Partners, we offer consultancy for enterprise blockchain, helping enterprises with complete blockchain implementation. We follow a coherent roadmap – from use-case development to solution implementation to deployment – to efficiently navigate the blockchain transformation journey for our clients.

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 digital strategy advisory

Key Development Areas for Digital transformation Strategy of Retail Banks- Part 2

In our previous blog, we studied four key development areas for digitizing customer journeys within the retail banking space. This blog will uncover the remaining three strategic digitization areas that aim to bring a positive shift in the customer experience and increase revenue generation opportunities for retail banks.

  • Enhanced Functionalities

Business process automation and emerging technologies have the potential to transform retail banks operations and offerings. Due to the fast-paced nature of technological developments it can be difficult to keep track of the latest advancements and to truly understand the benefits and implications of adopting these new technologies. By leveraging our enterprise digital strategy advisory retail banks can recognize various functionalities that can be enhanced with automation.

Retail banks must thoroughly examine their standard, value-added services/features at periodic intervals, to identify the improvement areas and gauge the impact of digitization on those areas.

  • Customization, Ergonomics, and Convenience Go Hand in Hand

If banks want their customers to experience the highest level of convenience, they need to apply ergonomics and customization concepts.

As a simple customization example, consider the benefits of a (basic) language preference feature.Multilingual sites make the customer’s life easier and you enjoy a wider audience. Similarly, paperless options, notification preference, customized web banking, and such features can be introduced, planned, and implemented.

  • Online Account Closing

Closing an account is the final step in a customer’s journey and while digitizing every other process, retail banks usually leave this crucial step uncovered. A proper online bank account closing process should not give a direct and quick way-out.

It should be complemented with a well-designed questionnaire that asks the reason for the exit. Even if it is followed by a call or any other means of conversation, it would be useful. This would count as a cost for customer retention.

Apart from the above-mentioned processes, credit and cyber security are two development areas that should not be left untapped while designing a digital strategy.

Advanced AI systems applied in credit management digital simulations can digitize the credit application/approval, credit score calculation, documentation, guarantee management, and more, leading to reduced workload on resources and an enhanced customer experience. Similarly, AI in collaboration with other technologies can establish strong authentication methods, smart- logoffs, and id/password management systems that can contribute to better operational efficiency and customer experience.

Leverage our artificial intelligence consulting services to embark on a digital journey of your retail bank today.

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 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.