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.

Business Process engineering advisory

4 Key Business Processes Essential for Business Growth

While mapping out the business processes for engineering/reengineering, businesses may leverage various processes based on the level of granularity and type of business. However, without professional business process engineering advisory services, businesses might not be able to exploit the processes for maximized output.

Here are the key business processes pivotal to enterprise growth.

  • Product development

A product is the heart and soul of an enterprise. Business planning does not begin and end with the product, but the customer.

This business-critical process would always have a scope for improvement as markets are highly disruptive due to volatile customer’s preferences and competitor’s upgrades. By persistently eyeing the dynamic external factors and staying close to capricious customers, businesses can stay ahead of the curve and devise suitable policies for product development.

  • Sales process

A product is nothing without a motive of earning profits and that’s where sales play its role.

Many professionals offering business process transformation advisory suggest that this process is a collection of various crucial processes that contribute to closing a deal. The process involves optimization of a buyer journey at several levels- from qualifying a lead and crafting convincing pitch deck to driving customer towards the sale.

  • Procurement

Simply stating, the procurement process involves selecting the right vendors and establishing payment terms, strategic examination, negotiations, and purchase.

A well-documented, scalable, and profitable procurement process fetches prosperity for enterprises by capacitating recognition, evaluation of opportunities of more cost, time, and resource-efficient strategies. By leveraging an effective procurement process, businesses can ensure cost reduction, quantity discounts, and quality assurance.

  • Customer support

The customer support process must be formally streamlined to achieve high efficiency and low complexity. Simplicity is the essence of an ideal customer support success.

Even if a customer acquires the complete knowledge of a product during the sale, the process doesn’t end. The same conduct is required when the customer seeks support while finding an issue using the product.

The aforementioned are the four core areas, that if engineered\reengineered strategically, can contribute to overall business growth. By embracing the services of the best business process engineering advisory providers, businesses can construct a well-developed plan and process the above-mentioned crucial business processes.

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.