DIS

Technology is passion - culture is key!

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About DIS
DIS/CREADIS (Dansk IngeniørService A/S) is a R&D company providing consultancy and engineering services as well as turn-key solutions to some of the biggest and most recognized companies in the industry. We continuously work with development and innovation in m...
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NA
250 - 999
1997
Denmark
DIS
Technology is passion - culture is key!
0.00/5 (0 Reviews)
11 Questions
We are the top b2b company by clutch rating, official Facebook marketing partner, Google premier agency and TOP rated agency on Upwork.Pls feel free t write to me directly on fb  or fill the form on our website ⚡️Digital Performance Marketing Agency | UAATEAM
We are the top b2b company by clutch rating, official Facebook marketing partner, Google premier agency and TOP rated agency on Upwork.Pls feel free t write to me directly on fb  or fill the form on our website ⚡️Digital Performance Marketing Agency | UAATEAM

We are the top b2b company by clutch rating, official Facebook marketing partner, Google premier agency and TOP rated agency on Upwork.

Pls feel free t write to me directly on fb 

 

or fill the form on our website ⚡️Digital Performance Marketing Agency | UAATEAM

Nowadays, organizations work with a scalable approach and operate across various sites. These sites include different divisions within the company, such as the asset lifecycle, from design and manufacture to service and project management. All of these divisions could be running different ERP systems or at least different instances of a standard ERP. Enterprise resource planning proves to be an efficient system of integrated applications. It helps manage the business and automate many back-office functions related to technology, services, and human resources. There are many aspects associated with using ERP as a centralized, integrated system. Let’s discuss how it operates and what are the challenges faced by such a system. Minimizing the Silos of ERPs Multiple ERP systems in an organization result in different reporting tools, analytics, and supply chain monitors. These differences result in damaged reporting, which means that the company cannot optimize performance across all operations and identify which parts need modification. Moreover, having multiple ERPs in one place can result in expensive infrastructure, software, maintenance, and contracting capabilities. All the aspects mentioned above lead the organization to lack the agility to adapt to market changes. It also hampers the company to adopt the latest techniques, adhere to standards across the board, and remain consistent in conforming to regulatory control. Best Solution for Minimizing the Silos of ERPs The only solution to eliminate the silos of ERPs is to implement a single, centralized management solution across the organization. By doing so, only a single version of processes will take place in different departments of the company. Additionally, this system would also dynamically unlock values by actively managing performance and thereby supporting business process changes. Hence, a single-instance ERP system can significantly help in interfacing and integrating with the external suppliers or customer systems efficiently. However, a single ERP solution implementation does not happen overnight. It takes a changed management strategy to achieve reports from stakeholders across different departments. By using the same ERP system, all departments will be measured and reported on, in the same way, resulting in clear visibility of processes taking place across the organization. Presenting a five-step methodology to implement a single-instance ERP solution across the organization: Launch the Project The first step of the company's change management strategy is to overview the end-to-end process, determine the technology to be implemented, and communicate with the employees. For making this possible, you need to assign a project team to carry out the processes. This team could manage the scope of the project to be discussed, engagement of stakeholders, and set KPIs to define the output requirements of a project. 2. Trace the Solution The next step is to review how different departments are dealing with the changes and agree with future procedures as required. By specifying the latest interfaces and defining the transformation requirements at this stage, you can quickly get to the testing stage of interface units. Before designing your ERP solution, you should understand your business requirements and create it accordingly. You should ensure to create such a solution that meets all the challenges in your company from the very top of the organization down to the lowest levels. 3. Establish the Solution Once selecting the centralized solution, the next critical step is to test end-to-end processes as part of an application solution test. This test usually requires sample volume testing that happens in different departments to ensure consistency of functionality and reporting capabilities. 4. Implement the Solution This stage covers complete solution testing, as well as using CPM (Corporate Performance Management) tools to train expert practitioners in the technology. By incorporating end-user training, you can ensure a seamless transition to the employees to be ready once the solution goes live. 5. Go Live and Track the Issues Once your solution is tested and ready to go live, you need to apply the test configuration to the live environment. This type of testing and management should begin right from the starting stage of the initiation of the project. Additionally, you also need to evaluate performance levels using advanced Business Intelligence tools continuously. Enhancing Data Integrity: Having a single integrated ERP system provides the opportunity to manage data securely and reliably for the company, its customers, and partners. Maintaining data integrity is crucial for any company operating in the A&D market, and implementing a centralized ERP system across all departments minimizes the need to transfer data from system to system as it moves from department to department. Final Words: As discussed above, implementing ERP as a centralized, integrated system improves data integrity. Additionally, an integrated system also provides a 360-degree view of operational business processes and performances.
Nowadays, organizations work with a scalable approach and operate across various sites. These sites include different divisions within the company, such as the asset lifecycle, from design and manufacture to service and project management. All of these divisions could be running different ERP systems or at least different instances of a standard ERP. Enterprise resource planning proves to be an efficient system of integrated applications. It helps manage the business and automate many back-office functions related to technology, services, and human resources. There are many aspects associated with using ERP as a centralized, integrated system. Let’s discuss how it operates and what are the challenges faced by such a system. Minimizing the Silos of ERPs Multiple ERP systems in an organization result in different reporting tools, analytics, and supply chain monitors. These differences result in damaged reporting, which means that the company cannot optimize performance across all operations and identify which parts need modification. Moreover, having multiple ERPs in one place can result in expensive infrastructure, software, maintenance, and contracting capabilities. All the aspects mentioned above lead the organization to lack the agility to adapt to market changes. It also hampers the company to adopt the latest techniques, adhere to standards across the board, and remain consistent in conforming to regulatory control. Best Solution for Minimizing the Silos of ERPs The only solution to eliminate the silos of ERPs is to implement a single, centralized management solution across the organization. By doing so, only a single version of processes will take place in different departments of the company. Additionally, this system would also dynamically unlock values by actively managing performance and thereby supporting business process changes. Hence, a single-instance ERP system can significantly help in interfacing and integrating with the external suppliers or customer systems efficiently. However, a single ERP solution implementation does not happen overnight. It takes a changed management strategy to achieve reports from stakeholders across different departments. By using the same ERP system, all departments will be measured and reported on, in the same way, resulting in clear visibility of processes taking place across the organization. Presenting a five-step methodology to implement a single-instance ERP solution across the organization: Launch the Project The first step of the company's change management strategy is to overview the end-to-end process, determine the technology to be implemented, and communicate with the employees. For making this possible, you need to assign a project team to carry out the processes. This team could manage the scope of the project to be discussed, engagement of stakeholders, and set KPIs to define the output requirements of a project. 2. Trace the Solution The next step is to review how different departments are dealing with the changes and agree with future procedures as required. By specifying the latest interfaces and defining the transformation requirements at this stage, you can quickly get to the testing stage of interface units. Before designing your ERP solution, you should understand your business requirements and create it accordingly. You should ensure to create such a solution that meets all the challenges in your company from the very top of the organization down to the lowest levels. 3. Establish the Solution Once selecting the centralized solution, the next critical step is to test end-to-end processes as part of an application solution test. This test usually requires sample volume testing that happens in different departments to ensure consistency of functionality and reporting capabilities. 4. Implement the Solution This stage covers complete solution testing, as well as using CPM (Corporate Performance Management) tools to train expert practitioners in the technology. By incorporating end-user training, you can ensure a seamless transition to the employees to be ready once the solution goes live. 5. Go Live and Track the Issues Once your solution is tested and ready to go live, you need to apply the test configuration to the live environment. This type of testing and management should begin right from the starting stage of the initiation of the project. Additionally, you also need to evaluate performance levels using advanced Business Intelligence tools continuously. Enhancing Data Integrity: Having a single integrated ERP system provides the opportunity to manage data securely and reliably for the company, its customers, and partners. Maintaining data integrity is crucial for any company operating in the A&D market, and implementing a centralized ERP system across all departments minimizes the need to transfer data from system to system as it moves from department to department. Final Words: As discussed above, implementing ERP as a centralized, integrated system improves data integrity. Additionally, an integrated system also provides a 360-degree view of operational business processes and performances.

Nowadays, organizations work with a scalable approach and operate across various sites. These sites include different divisions within the company, such as the asset lifecycle, from design and manufacture to service and project management. All of these divisions could be running different ERP systems or at least different instances of a standard ERP. Enterprise resource planning proves to be an efficient system of integrated applications. It helps manage the business and automate many back-office functions related to technology, services, and human resources. There are many aspects associated with using ERP as a centralized, integrated system. Let’s discuss how it operates and what are the challenges faced by such a system.

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Minimizing the Silos of ERPs

Multiple ERP systems in an organization result in different reporting tools, analytics, and supply chain monitors. These differences result in damaged reporting, which means that the company cannot optimize performance across all operations and identify which parts need modification.

Moreover, having multiple ERPs in one place can result in expensive infrastructure, software, maintenance, and contracting capabilities. All the aspects mentioned above lead the organization to lack the agility to adapt to market changes. It also hampers the company to adopt the latest techniques, adhere to standards across the board, and remain consistent in conforming to regulatory control.

Best Solution for Minimizing the Silos of ERPs

The only solution to eliminate the silos of ERPs is to implement a single, centralized management solution across the organization. By doing so, only a single version of processes will take place in different departments of the company. Additionally, this system would also dynamically unlock values by actively managing performance and thereby supporting business process changes. Hence, a single-instance ERP system can significantly help in interfacing and integrating with the external suppliers or customer systems efficiently.

However, a single ERP solution implementation does not happen overnight. It takes a changed management strategy to achieve reports from stakeholders across different departments. By using the same ERP system, all departments will be measured and reported on, in the same way, resulting in clear visibility of processes taking place across the organization.

Presenting a five-step methodology to implement a single-instance ERP solution across the organization:

  1. Launch the Project

The first step of the company's change management strategy is to overview the end-to-end process, determine the technology to be implemented, and communicate with the employees. For making this possible, you need to assign a project team to carry out the processes. This team could manage the scope of the project to be discussed, engagement of stakeholders, and set KPIs to define the output requirements of a project.

2. Trace the Solution

The next step is to review how different departments are dealing with the changes and agree with future procedures as required. By specifying the latest interfaces and defining the transformation requirements at this stage, you can quickly get to the testing stage of interface units. Before designing your ERP solution, you should understand your business requirements and create it accordingly. You should ensure to create such a solution that meets all the challenges in your company from the very top of the organization down to the lowest levels.

3. Establish the Solution

Once selecting the centralized solution, the next critical step is to test end-to-end processes as part of an application solution test. This test usually requires sample volume testing that happens in different departments to ensure consistency of functionality and reporting capabilities.

4. Implement the Solution

This stage covers complete solution testing, as well as using CPM (Corporate Performance Management) tools to train expert practitioners in the technology. By incorporating end-user training, you can ensure a seamless transition to the employees to be ready once the solution goes live.

5. Go Live and Track the Issues

Once your solution is tested and ready to go live, you need to apply the test configuration to the live environment. This type of testing and management should begin right from the starting stage of the initiation of the project. Additionally, you also need to evaluate performance levels using advanced Business Intelligence tools continuously.

Enhancing Data Integrity:

Having a single integrated ERP system provides the opportunity to manage data securely and reliably for the company, its customers, and partners. Maintaining data integrity is crucial for any company operating in the A&D market, and implementing a centralized ERP system across all departments minimizes the need to transfer data from system to system as it moves from department to department.

Final Words:

As discussed above, implementing ERP as a centralized, integrated system improves data integrity. Additionally, an integrated system also provides a 360-degree view of operational business processes and performances.

The answer to this is None. It may showcase some minute effects on a small scale but the majority is un-affected. On saying this, a recent survey from the United States showed that most of the end-users prefer to have a solution that is AI-based rather than opting for something which is manual. The best example in my mind goes to that of Snapchat filters or Self Learning ChatBots who have been actively assisting the end-users rather than putting the bulk in a queue.
The answer to this is None. It may showcase some minute effects on a small scale but the majority is un-affected. On saying this, a recent survey from the United States showed that most of the end-users prefer to have a solution that is AI-based rather than opting for something which is manual. The best example in my mind goes to that of Snapchat filters or Self Learning ChatBots who have been actively assisting the end-users rather than putting the bulk in a queue.

The answer to this is None. It may showcase some minute effects on a small scale but the majority is un-affected. On saying this, a recent survey from the United States showed that most of the end-users prefer to have a solution that is AI-based rather than opting for something which is manual.

The best example in my mind goes to that of Snapchat filters or Self Learning ChatBots who have been actively assisting the end-users rather than putting the bulk in a queue.

On the cusp of technology evolution, the industries are experiencing a paradigm shift in their infrastructure and process handling. One technology that is persistently playing a prominent role in this transformation is “Blockchain Technology.” Despite critics defaming it as one of the most overhyped technology and labeling it as “the new tech-bubble” it has emerged as the dark horse, and in the year 2020, it seems industries will be looking forward to adopting blockchain in their processes. Blockchain is one type of distributed ledger. In other words, it is a type of database that is shared, replicated, and synchronized among the members of a decentralized network. Initially, blockchain technology was envisaged as the public transaction ledger for cryptocurrencies. But beside cryptocurrency, the profound attributes of it make Blockchain a strong contender to replace the traditional methods of how business processes or operations are conducted. Blockchain could fundamentally change the financial sector, manufacturing, government, and energy and a few others to add in the list. Industries on Blockchain's Radar Insurance Sector Claim processing is a lengthy and complicated process. It requires the participation of several stakeholders and intermediaries before considering the claim request final and proceeding with the payment. This complicated process could bring to an end with Blockchain. By integrating all the stakeholders around a distributed ledger infrastructure and implementing the smart contracts for all necessary checks and verifications, the claim process can speed up including, calculation and validation of the amount to be paid. Supply Chain The mobile phone or oven you use in house detours an entire supply chain cycle before it reaches you. A supply chain involves transporting the raw materials from a supplier to a manufacturer and eventually ends by dropping the final product to the customer. However, a traditional supply chain has certain drawbacks like a single shipment of goods involving around 20-30 people or organizations in the process. It may lead to unnecessary delays and complications. Blockchain can help avert unnecessary delays and disputes by preventing goods from getting stuck in the supply chain. The chances of misplacements become less as each product can be tracked in real-time. It also provides transparency in documenting the paperwork as everyone will be on the same page, and any discrepancies could be easily identified. Besides contributing to tracking orders, receipts, and payments, it helps to track digital assets such as warranties and licenses in a unified way. Banking and Financial Sector The modern banking system has embraced technology with their open hands. However, their key concern for cyber attacks cannot be overruled. In 2016, $81 million was stolen from the Bangladesh Central Bank through cyber-attack. After failing with all other security measures, it seems blockchain could be the answer to this. It can act as an armor against cyber attacks. The financial institutes can share security infrastructure to each other over blockchain, so all have robust and uniform security measures against cyber-attacks. All in the network can participate in enhancing security. Besides security, blockchain can also validate customer information like KYC in the most secure way and handle customers’ data on behalf of the entire financial ecosystem. The tampering of data in the blockchain is almost impossible, and 100% transparency in the transaction can be achieved. In fact, the speculations are made that Blockchain has the ability to replace the entire banking system someday. Manufacturing ( image source: pwc.com) Did you know that a commercial aircraft is made up of 300,000 parts? If any of these parts are not in shape, it could lead to a life and death situation for travelers. With current technology, it is not possible to track each and every component. But blockchain can track the provenance of individual components and see the condition of these parts in real-time. The manufacturers can identify the deformities in the parts early-on and thus reduce the risk of mishaps. Note that they can even improve the product in their production plant to last longer. It will also help to reduce the cost of after-sale services. This is not just for aircrafts manufacturers; it could be applicable to any manufacturing industry, maybe its automotive, electronics, chemicals, textiles, and so on. However, there lies one challenge for manufacturers. They might have to overhaul their existing infrastructure, which may be a lengthy process. Energy Sector As per one of the reports, the energy firms are observing the higher energy cost and increased revenues. To deal with this energy sector, it needs smart management and decentralized control. It even includes advanced communication and data exchanges between different parts of the power network. They have seen these possibilities within the blockchain technology. The early blockchain developers are establishing transactional digital platforms that can be completely decentralized and can enable P2P energy trading. It means consumers can interchange surplus energy to each other, pretty much like you share food with your neighbors. It can also generate automated billing for consumers and stand as a pay-as-you-go solution. Apart from this, with the help of artificial intelligence (AI), blockchain technology can identify consumer energy patterns and propose a value-added energy product provision. Energy grid laced with IoT and Blockchain could further help to reduce energy consumption, for instance, smart meters, advanced sensors, network monitoring equipment, etc. Government ( Image source: researchgate.net) Blockchain has wide use cases in the Government sector. It can be used for building smart cities, central banking, payroll tax collection, validation of education and professional qualifications, tracking vaccinations, tracking loans and student grants, holding elections, etc. The Election Commission of India joined hands with the Indian Institute of Technology to create a blockchain system for voting. The new system enables Indians to vote even when they are away from their hometowns. It helps the government sector to eliminate tax fraud, bureaucracy, and confusing regulations. Healthcare Lack of innovation has least done to improve the overall health of the patient. The healthcare industry works more or less the same way as it used to work two decades ago. One of the grey areas of health care is unmanaged clinical data. Today, the patient data is found scattered all over the places such as labs, doctor’s clinics, pharmacies, and hospitals. There is no common record or place to find all detail with pin-point accuracy. During an emergency, the doctors have to turnover a stack of files to check the patient’s history and medication to proceed with the treatment. Any lapse in patient information could risk patient life. Also, patient’s detail all over the place could compromise their confidentiality. To manage healthcare data at one place securely and improve the life-span of patient Blockchain-based ecosystem is envisioned as the door to hope. One such example is UK based MEDICALCHAIN, which has developed a blockchain through which doctors, hospitals, and laboratories can all request patient information that has a record of the origin and protects the patient's identity from outside sources. One more example, more recently, amid the Coronavirus outbreak, the Chinese government has used blockchain technology to archive medical data, track the supply of virus prevention materials, and consult the public. IoT In the past, we have seen technologies complementing each other to enhance the end-user experience. It seems IoT and Blockchain have the same camaraderie. IoT’s ability to connect all your devices and to command them with a couple of sensors is incredible. However, the risk of data theft always remains with IoT. To this, Blockchain could be the solution. Pavo, the IoT & blockchain solution for the agricultural sector, believes that farmers can achieve optimal agricultural efficiency with it. The data gathered from Pavo’s IoT hardware device installed on farms gets stored on the blockchain in a secure environment. It allows farmers to optimize farming techniques by looking at the captured information, while retailers, distributors, and consumers can make informed decisions about buying a specific crop or food item. Also, the Pavo marketplace enables farmers to pre-sell crops through blockchain smart contracts, which means farmers don’t have to wait for payment after harvest. Just as blockchain, the IoT has a broad spectrum of industry for its usage. Together, they can impact logistics & supply chain, health care, pharmaceuticals, and so on. Besides the above industries, Blockchain has shown a strong affinity towards other sectors like real-estate, international trade and commodities, law, media and entertainment, sports & esports.
On the cusp of technology evolution, the industries are experiencing a paradigm shift in their infrastructure and process handling. One technology that is persistently playing a prominent role in this transformation is “Blockchain Technology.” Despite critics defaming it as one of the most overhyped technology and labeling it as “the new tech-bubble” it has emerged as the dark horse, and in the year 2020, it seems industries will be looking forward to adopting blockchain in their processes. Blockchain is one type of distributed ledger. In other words, it is a type of database that is shared, replicated, and synchronized among the members of a decentralized network. Initially, blockchain technology was envisaged as the public transaction ledger for cryptocurrencies. But beside cryptocurrency, the profound attributes of it make Blockchain a strong contender to replace the traditional methods of how business processes or operations are conducted. Blockchain could fundamentally change the financial sector, manufacturing, government, and energy and a few others to add in the list. Industries on Blockchain's Radar Insurance Sector Claim processing is a lengthy and complicated process. It requires the participation of several stakeholders and intermediaries before considering the claim request final and proceeding with the payment. This complicated process could bring to an end with Blockchain. By integrating all the stakeholders around a distributed ledger infrastructure and implementing the smart contracts for all necessary checks and verifications, the claim process can speed up including, calculation and validation of the amount to be paid. Supply Chain The mobile phone or oven you use in house detours an entire supply chain cycle before it reaches you. A supply chain involves transporting the raw materials from a supplier to a manufacturer and eventually ends by dropping the final product to the customer. However, a traditional supply chain has certain drawbacks like a single shipment of goods involving around 20-30 people or organizations in the process. It may lead to unnecessary delays and complications. Blockchain can help avert unnecessary delays and disputes by preventing goods from getting stuck in the supply chain. The chances of misplacements become less as each product can be tracked in real-time. It also provides transparency in documenting the paperwork as everyone will be on the same page, and any discrepancies could be easily identified. Besides contributing to tracking orders, receipts, and payments, it helps to track digital assets such as warranties and licenses in a unified way. Banking and Financial Sector The modern banking system has embraced technology with their open hands. However, their key concern for cyber attacks cannot be overruled. In 2016, $81 million was stolen from the Bangladesh Central Bank through cyber-attack. After failing with all other security measures, it seems blockchain could be the answer to this. It can act as an armor against cyber attacks. The financial institutes can share security infrastructure to each other over blockchain, so all have robust and uniform security measures against cyber-attacks. All in the network can participate in enhancing security. Besides security, blockchain can also validate customer information like KYC in the most secure way and handle customers’ data on behalf of the entire financial ecosystem. The tampering of data in the blockchain is almost impossible, and 100% transparency in the transaction can be achieved. In fact, the speculations are made that Blockchain has the ability to replace the entire banking system someday. Manufacturing ( image source: pwc.com) Did you know that a commercial aircraft is made up of 300,000 parts? If any of these parts are not in shape, it could lead to a life and death situation for travelers. With current technology, it is not possible to track each and every component. But blockchain can track the provenance of individual components and see the condition of these parts in real-time. The manufacturers can identify the deformities in the parts early-on and thus reduce the risk of mishaps. Note that they can even improve the product in their production plant to last longer. It will also help to reduce the cost of after-sale services. This is not just for aircrafts manufacturers; it could be applicable to any manufacturing industry, maybe its automotive, electronics, chemicals, textiles, and so on. However, there lies one challenge for manufacturers. They might have to overhaul their existing infrastructure, which may be a lengthy process. Energy Sector As per one of the reports, the energy firms are observing the higher energy cost and increased revenues. To deal with this energy sector, it needs smart management and decentralized control. It even includes advanced communication and data exchanges between different parts of the power network. They have seen these possibilities within the blockchain technology. The early blockchain developers are establishing transactional digital platforms that can be completely decentralized and can enable P2P energy trading. It means consumers can interchange surplus energy to each other, pretty much like you share food with your neighbors. It can also generate automated billing for consumers and stand as a pay-as-you-go solution. Apart from this, with the help of artificial intelligence (AI), blockchain technology can identify consumer energy patterns and propose a value-added energy product provision. Energy grid laced with IoT and Blockchain could further help to reduce energy consumption, for instance, smart meters, advanced sensors, network monitoring equipment, etc. Government ( Image source: researchgate.net) Blockchain has wide use cases in the Government sector. It can be used for building smart cities, central banking, payroll tax collection, validation of education and professional qualifications, tracking vaccinations, tracking loans and student grants, holding elections, etc. The Election Commission of India joined hands with the Indian Institute of Technology to create a blockchain system for voting. The new system enables Indians to vote even when they are away from their hometowns. It helps the government sector to eliminate tax fraud, bureaucracy, and confusing regulations. Healthcare Lack of innovation has least done to improve the overall health of the patient. The healthcare industry works more or less the same way as it used to work two decades ago. One of the grey areas of health care is unmanaged clinical data. Today, the patient data is found scattered all over the places such as labs, doctor’s clinics, pharmacies, and hospitals. There is no common record or place to find all detail with pin-point accuracy. During an emergency, the doctors have to turnover a stack of files to check the patient’s history and medication to proceed with the treatment. Any lapse in patient information could risk patient life. Also, patient’s detail all over the place could compromise their confidentiality. To manage healthcare data at one place securely and improve the life-span of patient Blockchain-based ecosystem is envisioned as the door to hope. One such example is UK based MEDICALCHAIN, which has developed a blockchain through which doctors, hospitals, and laboratories can all request patient information that has a record of the origin and protects the patient's identity from outside sources. One more example, more recently, amid the Coronavirus outbreak, the Chinese government has used blockchain technology to archive medical data, track the supply of virus prevention materials, and consult the public. IoT In the past, we have seen technologies complementing each other to enhance the end-user experience. It seems IoT and Blockchain have the same camaraderie. IoT’s ability to connect all your devices and to command them with a couple of sensors is incredible. However, the risk of data theft always remains with IoT. To this, Blockchain could be the solution. Pavo, the IoT & blockchain solution for the agricultural sector, believes that farmers can achieve optimal agricultural efficiency with it. The data gathered from Pavo’s IoT hardware device installed on farms gets stored on the blockchain in a secure environment. It allows farmers to optimize farming techniques by looking at the captured information, while retailers, distributors, and consumers can make informed decisions about buying a specific crop or food item. Also, the Pavo marketplace enables farmers to pre-sell crops through blockchain smart contracts, which means farmers don’t have to wait for payment after harvest. Just as blockchain, the IoT has a broad spectrum of industry for its usage. Together, they can impact logistics & supply chain, health care, pharmaceuticals, and so on. Besides the above industries, Blockchain has shown a strong affinity towards other sectors like real-estate, international trade and commodities, law, media and entertainment, sports & esports.

On the cusp of technology evolution, the industries are experiencing a paradigm shift in their infrastructure and process handling. One technology that is persistently playing a prominent role in this transformation is “Blockchain Technology.”

Despite critics defaming it as one of the most overhyped technology and labeling it as “the new tech-bubble” it has emerged as the dark horse, and in the year 2020, it seems industries will be looking forward to adopting blockchain in their processes.

undefined

Blockchain is one type of distributed ledger. In other words, it is a type of database that is shared, replicated, and synchronized among the members of a decentralized network. Initially, blockchain technology was envisaged as the public transaction ledger for cryptocurrencies. But beside cryptocurrency, the profound attributes of it make Blockchain a strong contender to replace the traditional methods of how business processes or operations are conducted. Blockchain could fundamentally change the financial sector, manufacturing, government, and energy and a few others to add in the list.

Industries on Blockchain's Radar

Insurance Sector

Claim processing is a lengthy and complicated process. It requires the participation of several stakeholders and intermediaries before considering the claim request final and proceeding with the payment. This complicated process could bring to an end with Blockchain. By integrating all the stakeholders around a distributed ledger infrastructure and implementing the smart contracts for all necessary checks and verifications, the claim process can speed up including, calculation and validation of the amount to be paid.

Supply Chain

The mobile phone or oven you use in house detours an entire supply chain cycle before it reaches you. A supply chain involves transporting the raw materials from a supplier to a manufacturer and eventually ends by dropping the final product to the customer. However, a traditional supply chain has certain drawbacks like a single shipment of goods involving around 20-30 people or organizations in the process. It may lead to unnecessary delays and complications. Blockchain can help avert unnecessary delays and disputes by preventing goods from getting stuck in the supply chain. The chances of misplacements become less as each product can be tracked in real-time. It also provides transparency in documenting the paperwork as everyone will be on the same page, and any discrepancies could be easily identified. Besides contributing to tracking orders, receipts, and payments, it helps to track digital assets such as warranties and licenses in a unified way.

Banking and Financial Sector

The modern banking system has embraced technology with their open hands. However, their key concern for cyber attacks cannot be overruled. In 2016, $81 million was stolen from the Bangladesh Central Bank through cyber-attack. After failing with all other security measures, it seems blockchain could be the answer to this. It can act as an armor against cyber attacks. The financial institutes can share security infrastructure to each other over blockchain, so all have robust and uniform security measures against cyber-attacks. All in the network can participate in enhancing security. Besides security, blockchain can also validate customer information like KYC in the most secure way and handle customers’ data on behalf of the entire financial ecosystem. The tampering of data in the blockchain is almost impossible, and 100% transparency in the transaction can be achieved. In fact, the speculations are made that Blockchain has the ability to replace the entire banking system someday.

Manufacturing

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( image source: pwc.com)

Did you know that a commercial aircraft is made up of 300,000 parts? If any of these parts are not in shape, it could lead to a life and death situation for travelers. With current technology, it is not possible to track each and every component. But blockchain can track the provenance of individual components and see the condition of these parts in real-time. The manufacturers can identify the deformities in the parts early-on and thus reduce the risk of mishaps. Note that they can even improve the product in their production plant to last longer. It will also help to reduce the cost of after-sale services. This is not just for aircrafts manufacturers; it could be applicable to any manufacturing industry, maybe its automotive, electronics, chemicals, textiles, and so on. However, there lies one challenge for manufacturers. They might have to overhaul their existing infrastructure, which may be a lengthy process.

Energy Sector

As per one of the reports, the energy firms are observing the higher energy cost and increased revenues. To deal with this energy sector, it needs smart management and decentralized control. It even includes advanced communication and data exchanges between different parts of the power network. They have seen these possibilities within the blockchain technology. The early blockchain developers are establishing transactional digital platforms that can be completely decentralized and can enable P2P energy trading. It means consumers can interchange surplus energy to each other, pretty much like you share food with your neighbors. It can also generate automated billing for consumers and stand as a pay-as-you-go solution. Apart from this, with the help of artificial intelligence (AI), blockchain technology can identify consumer energy patterns and propose a value-added energy product provision. Energy grid laced with IoT and Blockchain could further help to reduce energy consumption, for instance, smart meters, advanced sensors, network monitoring equipment, etc.

Government

undefined

( Image source: researchgate.net)

Blockchain has wide use cases in the Government sector. It can be used for building smart cities, central banking, payroll tax collection, validation of education and professional qualifications, tracking vaccinations, tracking loans and student grants, holding elections, etc. The Election Commission of India joined hands with the Indian Institute of Technology to create a blockchain system for voting. The new system enables Indians to vote even when they are away from their hometowns. It helps the government sector to eliminate tax fraud, bureaucracy, and confusing regulations.

Healthcare

Lack of innovation has least done to improve the overall health of the patient. The healthcare industry works more or less the same way as it used to work two decades ago. One of the grey areas of health care is unmanaged clinical data. Today, the patient data is found scattered all over the places such as labs, doctor’s clinics, pharmacies, and hospitals. There is no common record or place to find all detail with pin-point accuracy. During an emergency, the doctors have to turnover a stack of files to check the patient’s history and medication to proceed with the treatment. Any lapse in patient information could risk patient life. Also, patient’s detail all over the place could compromise their confidentiality. To manage healthcare data at one place securely and improve the life-span of patient Blockchain-based ecosystem is envisioned as the door to hope. One such example is UK based MEDICALCHAIN, which has developed a blockchain through which doctors, hospitals, and laboratories can all request patient information that has a record of the origin and protects the patient's identity from outside sources. One more example, more recently, amid the Coronavirus outbreak, the Chinese government has used blockchain technology to archive medical data, track the supply of virus prevention materials, and consult the public.

IoT

In the past, we have seen technologies complementing each other to enhance the end-user experience. It seems IoT and Blockchain have the same camaraderie. IoT’s ability to connect all your devices and to command them with a couple of sensors is incredible. However, the risk of data theft always remains with IoT. To this, Blockchain could be the solution. Pavo, the IoT & blockchain solution for the agricultural sector, believes that farmers can achieve optimal agricultural efficiency with it. The data gathered from Pavo’s IoT hardware device installed on farms gets stored on the blockchain in a secure environment. It allows farmers to optimize farming techniques by looking at the captured information, while retailers, distributors, and consumers can make informed decisions about buying a specific crop or food item. Also, the Pavo marketplace enables farmers to pre-sell crops through blockchain smart contracts, which means farmers don’t have to wait for payment after harvest. Just as blockchain, the IoT has a broad spectrum of industry for its usage. Together, they can impact logistics & supply chain, health care, pharmaceuticals, and so on.

Besides the above industries, Blockchain has shown a strong affinity towards other sectors like real-estate, international trade and commodities, law, media and entertainment, sports & esports.

I can try answering this question up to the mark, as I have used this software for some of my business requirements.OBS Studio is a free and open-source video recording and live streaming software. It is a simple and easy-to-use software that makes streaming pretty quickly. The software makes it very easy to add different sources of audio and video both along with arranging them well. The recorded files can be easily converted or remixed into a different format. It offers multiple options for sources. For example, if you need to switch over to a different external input when the switcher goes down, you can default to another image or file, or just keep all your inputs in the OBS. It is also easy to find and change the options for bitrate and output size. If the internal signals are not working fine, you can adjust accordingly. In fact, you can record the audio and video simultaneously. It means it eliminates the need for an external recorder.There are a number of plugins that you can use to add custom functionalities. You can broadcast whatever you want using such plugins. The video quality of OBS Studio-based videos is very high and I am really very happy with what results we received. However, there is still a few things that have disappointed me for some reasons or that can be regarded as the disadvantages of using the OBS Studio Software such as:#1. The UI of the software is not that appealing, a little improvement in the layout of the software will make it more intuitive. Sometimes, the program continues to screen record even when it has been stopped and thus, it unnecessarily saves too many videos in this way. Also when it does not closes fully, you need to force quite it. This sometimes makes your software/system at risk to crash.#2. Improvement needed in the process of installing and incorporating plugins.#3. More control is needed to queue extra sources. #4. Timely updates and good, but most frequent updates exhaust users. Updates are pretty quick with OBS studio Software.#5. The program has a higher learning curve. It should be made easier to favor the learners. However, the software is not that bad to use, a few changes as per the above-given points could make it much better for the users. If asked, I will rate it 8 out of 10 and will definitely recommend it to others.
I can try answering this question up to the mark, as I have used this software for some of my business requirements.OBS Studio is a free and open-source video recording and live streaming software. It is a simple and easy-to-use software that makes streaming pretty quickly. The software makes it very easy to add different sources of audio and video both along with arranging them well. The recorded files can be easily converted or remixed into a different format. It offers multiple options for sources. For example, if you need to switch over to a different external input when the switcher goes down, you can default to another image or file, or just keep all your inputs in the OBS. It is also easy to find and change the options for bitrate and output size. If the internal signals are not working fine, you can adjust accordingly. In fact, you can record the audio and video simultaneously. It means it eliminates the need for an external recorder.There are a number of plugins that you can use to add custom functionalities. You can broadcast whatever you want using such plugins. The video quality of OBS Studio-based videos is very high and I am really very happy with what results we received. However, there is still a few things that have disappointed me for some reasons or that can be regarded as the disadvantages of using the OBS Studio Software such as:#1. The UI of the software is not that appealing, a little improvement in the layout of the software will make it more intuitive. Sometimes, the program continues to screen record even when it has been stopped and thus, it unnecessarily saves too many videos in this way. Also when it does not closes fully, you need to force quite it. This sometimes makes your software/system at risk to crash.#2. Improvement needed in the process of installing and incorporating plugins.#3. More control is needed to queue extra sources. #4. Timely updates and good, but most frequent updates exhaust users. Updates are pretty quick with OBS studio Software.#5. The program has a higher learning curve. It should be made easier to favor the learners. However, the software is not that bad to use, a few changes as per the above-given points could make it much better for the users. If asked, I will rate it 8 out of 10 and will definitely recommend it to others.

I can try answering this question up to the mark, as I have used this software for some of my business requirements.

OBS Studio is a free and open-source video recording and live streaming software. It is a simple and easy-to-use software that makes streaming pretty quickly. 

The software makes it very easy to add different sources of audio and video both along with arranging them well. The recorded files can be easily converted or remixed into a different format. 

It offers multiple options for sources. For example, if you need to switch over to a different external input when the switcher goes down, you can default to another image or file, or just keep all your inputs in the OBS. 

It is also easy to find and change the options for bitrate and output size. If the internal signals are not working fine, you can adjust accordingly. In fact, you can record the audio and video simultaneously. It means it eliminates the need for an external recorder.

There are a number of plugins that you can use to add custom functionalities. You can broadcast whatever you want using such plugins. 

The video quality of OBS Studio-based videos is very high and I am really very happy with what results we received. However, there is still a few things that have disappointed me for some reasons or that can be regarded as the disadvantages of using the OBS Studio Software such as:

#1. The UI of the software is not that appealing, a little improvement in the layout of the software will make it more intuitive. Sometimes, the program continues to screen record even when it has been stopped and thus, it unnecessarily saves too many videos in this way. Also when it does not closes fully, you need to force quite it. This sometimes makes your software/system at risk to crash.

#2. Improvement needed in the process of installing and incorporating plugins.

#3. More control is needed to queue extra sources. 

#4. Timely updates and good, but most frequent updates exhaust users. Updates are pretty quick with OBS studio Software.

#5. The program has a higher learning curve. It should be made easier to favor the learners. 

However, the software is not that bad to use, a few changes as per the above-given points could make it much better for the users. If asked, I will rate it 8 out of 10 and will definitely recommend it to others.

Inventory Discrepancy simply means the difference between the amount of inventory that you have available for your customers and the amount of inventory that you are actually holding on to. Not keeping accurate records of your inventory can lead to problems in the future. On the other hand, keeping accurate records will help you identify exactly where to make changes in your business so that they do not affect your customer's shopping experience.Discrepancies are mostly outcomes of human errors such as shrinkage, lost, misplaced items and more in the inventory control procedure. To help mitigate the needs for accurate inventory, most companies small to big are switching to efficacious inventory management software. Here are the most common causes of inventory discrepancy:Inventory Shrinkage: This occurs when the physical inventory count does not match with the accounting values indicating less stock which needs some digging in. This happens due to various reasons such as employee theft, clerical mistakes, damaged products, stock value depletion or supplier fraud.      To combat, you can either do manually counting           frequently or switch to automation.Misplacement: This is also one reason for the discrepancy, where items are stocked up in the wrong aisle or units. In retail outlets, this is usually caused by buyers picking up products and leaving them elsewhere.Error in physical count: Humans tend to make mistakes and in inventory management procedure, there is a lot of room for errors. Mistakes occur in manual inventory counting, picking and placement errors, and many more. The best way to mitigate this is by making sure aisles are labeled properly and that appropriate training is provided to the staff.Returned stock: When returned products are placed back on aisles without correct settling it leads to discrepancies.Inventory accuracy is not a child’s play. It can cause heavy losses to a business. To ensure consistency here is what you need to do:Count and recount: To rectify any counting errors verify with product count. It is a strenuous task but necessary for any business.Right measures: Ensure that the units are put down with the right measurements such as unit, box, Liter, weight, etc.Product description: Record detailed and clear descriptions of products so that they are not confused between similar products or variants.In final words, you need to gather information on your inventory to avoid discrepancies and to reduce the hard work inventory management software can come in handy.  
Inventory Discrepancy simply means the difference between the amount of inventory that you have available for your customers and the amount of inventory that you are actually holding on to. Not keeping accurate records of your inventory can lead to problems in the future. On the other hand, keeping accurate records will help you identify exactly where to make changes in your business so that they do not affect your customer's shopping experience.Discrepancies are mostly outcomes of human errors such as shrinkage, lost, misplaced items and more in the inventory control procedure. To help mitigate the needs for accurate inventory, most companies small to big are switching to efficacious inventory management software. Here are the most common causes of inventory discrepancy:Inventory Shrinkage: This occurs when the physical inventory count does not match with the accounting values indicating less stock which needs some digging in. This happens due to various reasons such as employee theft, clerical mistakes, damaged products, stock value depletion or supplier fraud.      To combat, you can either do manually counting           frequently or switch to automation.Misplacement: This is also one reason for the discrepancy, where items are stocked up in the wrong aisle or units. In retail outlets, this is usually caused by buyers picking up products and leaving them elsewhere.Error in physical count: Humans tend to make mistakes and in inventory management procedure, there is a lot of room for errors. Mistakes occur in manual inventory counting, picking and placement errors, and many more. The best way to mitigate this is by making sure aisles are labeled properly and that appropriate training is provided to the staff.Returned stock: When returned products are placed back on aisles without correct settling it leads to discrepancies.Inventory accuracy is not a child’s play. It can cause heavy losses to a business. To ensure consistency here is what you need to do:Count and recount: To rectify any counting errors verify with product count. It is a strenuous task but necessary for any business.Right measures: Ensure that the units are put down with the right measurements such as unit, box, Liter, weight, etc.Product description: Record detailed and clear descriptions of products so that they are not confused between similar products or variants.In final words, you need to gather information on your inventory to avoid discrepancies and to reduce the hard work inventory management software can come in handy.  

Inventory Discrepancy simply means the difference between the amount of inventory that you have available for your customers and the amount of inventory that you are actually holding on to. Not keeping accurate records of your inventory can lead to problems in the future. 

On the other hand, keeping accurate records will help you identify exactly where to make changes in your business so that they do not affect your customer's shopping experience.

Discrepancies are mostly outcomes of human errors such as shrinkage, lost, misplaced items and more in the inventory control procedure. 

To help mitigate the needs for accurate inventory, most companies small to big are switching to efficacious inventory management software

Here are the most common causes of inventory discrepancy:

  • Inventory Shrinkage: This occurs when the physical inventory count does not match with the accounting values indicating less stock which needs some digging in. This happens due to various reasons such as employee theft, clerical mistakes, damaged products, stock value depletion or supplier fraud.

      To combat, you can either do manually counting           frequently or switch to automation.

  • Misplacement: This is also one reason for the discrepancy, where items are stocked up in the wrong aisle or units. In retail outlets, this is usually caused by buyers picking up products and leaving them elsewhere.
  • Error in physical count: Humans tend to make mistakes and in inventory management procedure, there is a lot of room for errors. Mistakes occur in manual inventory counting, picking and placement errors, and many more. The best way to mitigate this is by making sure aisles are labeled properly and that appropriate training is provided to the staff.
  • Returned stock: When returned products are placed back on aisles without correct settling it leads to discrepancies.

Inventory accuracy is not a child’s play. It can cause heavy losses to a business. To ensure consistency here is what you need to do:

  • Count and recount: To rectify any counting errors verify with product count. It is a strenuous task but necessary for any business.
  • Right measures: Ensure that the units are put down with the right measurements such as unit, box, Liter, weight, etc.
  • Product description: Record detailed and clear descriptions of products so that they are not confused between similar products or variants.

In final words, you need to gather information on your inventory to avoid discrepancies and to reduce the hard work inventory management software can come in handy.  

The practice of remote working has increased in the last few years. Remote workers must feel included in an organization; otherwise, they develop the feeling of loneliness and disengagement. There are some crucial tips that managers can follow to stop remote workers from disengaging. Let’s have a look at the following tips:Ensure that the organizations call remote workers once in a year for an offsite meeting or social event.Allow remote workers to participate in staff meetings several times a year, which can help build a sense of connection among remote employees. These employees will work harder if they get reorganization in the organization.Ensure that video conferencing should be used for meetings so that remote workers can see and hear everyone. The practice of video conferencing is much better than an email. Organizations can extend their in-office experiences like yoga, meditation, and company meetings to their employees with video conferencing solutions.Consider deploying tools and technologies that help in increasing employee collaboration. This practice helps in collaborating and sharing the ideas of remote workers.Organizations should make an effort to influence the culture of recognition that reduces the feelings of isolation and encourages engagement of the remote employees.Measure the remote workforce's activity by collecting data that help managers know the ideal state of employee engagement.Give the remote workers facetime by scheduling a weekly one-on-one with them. It will help in building the link between remote workers and the workers working in an organization. Use technology like messaging systems to allow remote employees to share information and other types of documents related to work. Share important company-wide communications by leveraging communication channels.Send virtual gift cards on employees’ birthday. If they did something beyond their assignment, then organizations can schedule a team call to recognize their hard efforts.Gamify the teamwork by employing game-based performance management systems to standardize the performance metrics and evaluation criteria for remote employees.By executing the tips mentioned above, the organization's management can help remote workers form an active connection with the office staff. All these tips can help stop remote workers from disengaging. It enables remote workers to have their voice in the organization. If the remote employees feel heard and valued, they feel that they are the part of the organization and work with more motivation.
The practice of remote working has increased in the last few years. Remote workers must feel included in an organization; otherwise, they develop the feeling of loneliness and disengagement. There are some crucial tips that managers can follow to stop remote workers from disengaging. Let’s have a look at the following tips:Ensure that the organizations call remote workers once in a year for an offsite meeting or social event.Allow remote workers to participate in staff meetings several times a year, which can help build a sense of connection among remote employees. These employees will work harder if they get reorganization in the organization.Ensure that video conferencing should be used for meetings so that remote workers can see and hear everyone. The practice of video conferencing is much better than an email. Organizations can extend their in-office experiences like yoga, meditation, and company meetings to their employees with video conferencing solutions.Consider deploying tools and technologies that help in increasing employee collaboration. This practice helps in collaborating and sharing the ideas of remote workers.Organizations should make an effort to influence the culture of recognition that reduces the feelings of isolation and encourages engagement of the remote employees.Measure the remote workforce's activity by collecting data that help managers know the ideal state of employee engagement.Give the remote workers facetime by scheduling a weekly one-on-one with them. It will help in building the link between remote workers and the workers working in an organization. Use technology like messaging systems to allow remote employees to share information and other types of documents related to work. Share important company-wide communications by leveraging communication channels.Send virtual gift cards on employees’ birthday. If they did something beyond their assignment, then organizations can schedule a team call to recognize their hard efforts.Gamify the teamwork by employing game-based performance management systems to standardize the performance metrics and evaluation criteria for remote employees.By executing the tips mentioned above, the organization's management can help remote workers form an active connection with the office staff. All these tips can help stop remote workers from disengaging. It enables remote workers to have their voice in the organization. If the remote employees feel heard and valued, they feel that they are the part of the organization and work with more motivation.

The practice of remote working has increased in the last few years. Remote workers must feel included in an organization; otherwise, they develop the feeling of loneliness and disengagement. There are some crucial tips that managers can follow to stop remote workers from disengaging. Let’s have a look at the following tips:

  • Ensure that the organizations call remote workers once in a year for an offsite meeting or social event.
  • Allow remote workers to participate in staff meetings several times a year, which can help build a sense of connection among remote employees. These employees will work harder if they get reorganization in the organization.
  • Ensure that video conferencing should be used for meetings so that remote workers can see and hear everyone. The practice of video conferencing is much better than an email. Organizations can extend their in-office experiences like yoga, meditation, and company meetings to their employees with video conferencing solutions.
  • Consider deploying tools and technologies that help in increasing employee collaboration. This practice helps in collaborating and sharing the ideas of remote workers.
  • Organizations should make an effort to influence the culture of recognition that reduces the feelings of isolation and encourages engagement of the remote employees.
  • Measure the remote workforce's activity by collecting data that help managers know the ideal state of employee engagement.
  • Give the remote workers facetime by scheduling a weekly one-on-one with them. It will help in building the link between remote workers and the workers working in an organization. 
  • Use technology like messaging systems to allow remote employees to share information and other types of documents related to work. Share important company-wide communications by leveraging communication channels.
  • Send virtual gift cards on employees’ birthday. If they did something beyond their assignment, then organizations can schedule a team call to recognize their hard efforts.
  • Gamify the teamwork by employing game-based performance management systems to standardize the performance metrics and evaluation criteria for remote employees.

By executing the tips mentioned above, the organization's management can help remote workers form an active connection with the office staff. All these tips can help stop remote workers from disengaging. It enables remote workers to have their voice in the organization. If the remote employees feel heard and valued, they feel that they are the part of the organization and work with more motivation.

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