Is Automation the Key to Optimize a Risk Assessment Process?

No company wants to go bankrupt neither does any employee want to lose his or her job. One cannot even begin to imagine the disaster it would have been if not for automated risk management approach during this period of COVID 19.

With Security Risk Management Services, it is one thing to migrate and adjust from the normalcy physical work set up to remote work model. This could be an entirely different scenario when it comes to dealing with cyber risks and threats. As a result of the pandemic, most workers operate online which
makes them more vulnerable to cyber risks without even knowing, but what better way to stir clear of this disaster than through automation.

What Is Risk Assessment Process?

Risk assessment process refers to the ability to predict hazards, identify dangers, point out risk factors, estimate hazard rates, evaluate the risk and finally propose a lasting solution. One of the most common advice given is about taking a risk. It is good to be rest assured to succeed when there are certain
risks a company should not take. Having said that, it must be noted or observed that automation is the key to optimize the risk assessment process and is paramount to the success of anybusiness.

How Automation is the Key to Optimize Risk Assessment Process

Many might be wondering how companies can put so much faith in automation. Yet the real wonder should be, why hasn’t automation been a part of a company & approach before? Imagine what it means for business setups to be able to rule out and handle risks before they manifest. 

Automation Defined

Automation means less human interference. It is the invention and utilization of technology to manufacture items safely deliver them and finally to provide services in a more accurate, efficient, reliable and fast way as compared to the human workforce.

That being said, it's obvious that automation has so much to offer to improve a business set up and as well provide effective service in the risk assessment process. Here are some of the ways automation is the key to optimize risk assessment process.

Early Prediction of Hazards

Through the use of automated services, one can quickly discover threats and vulnerabilities and effectively handle them, as compared to the traditional method of security which takes the security relatively longer time to detect and even handle these threats. Many at times these threats are false negative and while the team is focusing on this other potential threats can penetrate without the team noticing which can lead to potential risk, loss, loss of valued time and effort. Although through the unique feature of continuous monitoring offered by automation these vulnerabilities can be dealt with in good time and more efficiently.

Accelerated Visibility

Cybercrimes and attacks have existed since forward and one can only do his best to avoid them and deal with them appropriately. As the scenario has changed with many employees working from home, this has elevated the exposure to potential risk. Many of these workers are operating on work from home remote office networks that are flawed and this can greatly compromise the company. Even going by individual statuses, it exposes to threats, their data and assets are no longer safe. It is, therefore, a relatively complex task to disclose hidden risks before they surface although they might already exist.

Furthermore, through the services of automation one can identify these threats through increased visibility. Automated services also provide services such as management and control of digital footprint and monitoring of cloud activities which aids exposing potential risk before they manifest. 

Advanced Control

Through automated services, the company and employees have greater control over how to deal with threats. Previously human interference dragged the process and caused heavy losses. But with  automated services, everything is done by and through technology, especially artificial intelligence (AI). Today, one needs not to worry about potential risk as automation takes control and efficiently  performs its function.

Improved Customer Experience

No one likes their privacy invaded neither does everyone want to make their private tasks public. Human effort cannot assure smoothly run workspace nor provide 100% security assurance. Yet automated services today can ensure all these services and to meet all the client expectations since customer experience is the topmost priority.

Implementation of Artificial Intelligence

For efficient performance, automation makes use of Artificial Intelligence. Unlike other advanced technologies, AI does not operate according to pre-uploaded programs. It works by making decisions that have never been programmed earlier. It also works through a learning module. Therefore, incorporating AI with automation would be a great add-on while dealing with
risk assessment processes.

Summary

As a result of today& digital revolution, increased competition and an elevated rate of cyber crime, it is best to include automated services. For with the best of the risk assessment process, Security Risk Management India help to avoid even the slightest form of disaster. So yes, automation is the key to optimize risk assessment processes.

5 Ways RPA Perfects Inventory Management in E-Commerce Stores and Platforms

 
The services of Robotic Process Automation is not limited to cyber security, efficiency, on demand service nor the many other wonderful services it has to offer, RPA equally is equipped to rid employees the tedious effort required in other to prepare an inventory and as well manage it.

Humans are known to be err to error irrespective of the level of dedication they put into their task. But  with the help of RPA this can be avoided and not only will the inventory be accurate but also be well managed, easily accessible and systematically arrayed.
 

E-Commerce

It is not a hidden fact that technology is crossing limits by the day. And in a world ruled by technology, it is expected to advance as technology advances. 

E-commerce which is known as electronic commerce has quickly become the trend of the day everyone and at any time can access the internet which further gives them the accessibility to e commerce and has now become customer centric.  According to a study global ecommerce sales is expected to reach $26.5 trillion as of 2020.

Artificial Intelligence and Augmented Reality among others are some of the technologies that are being used in e-commerce. However RPA is mostly deployed to provide management services to organizations.
 

Robotic Process Automation

RPA is a digital transformation based on automation of sophisticated business set up processes. It makes use of artificial intelligence to simplify work, provide efficient results on time and as well delivers accurate results.

RPA uses software bots to perform its tasks. It saves both time and mundane effort as well as monotony and the loss of interest in performing those tasks that were once done with enthusiasm while giving the employee the opportunity to carry out other valuable tasks.

RPA is regulated by business strategies aimed at elevating the business process.

RPA bots makes use of user interface to capture the user’s data and replicate them just as the employee would. Thus RPA has proven to be capable of the task time and time.

It basically eliminates the possibility of error and gains the ability to function independently on tasks. Incorporating business and RPA saves time, possibility of errors and a proficient feedback from the customers.

One would think that deploying RPA might require large amount of funds but be rest assured RPA services are cost friendly and also cost efficient.
 

Inventory Management

An organization without documentation is bound to collapse and heap up a load of losses, a room of unsatisfied clients, and a ton of unpaid employees. 

Basically to avoid all that, business platforms set up inventories to help them keep track of their income, expenses, expenditures, stock available and those sold out and so much more. 

The level of accuracy of human inventory cannot always be 100% and with the competition. In the business, the market increasing it is in a company’s best interest to explore RPA in E-commerce.
An inventory is a list of stock that a business organization keeps for the ultimate purpose of selling them.

Inventory management is the method of storing and placing orders for a company by making reference to its inventory. The availability of stocks is affected by supply chain (both external and internal factors) and can only be balanced through proper inventory management.

In order to achieve proper inventory management, it is essential to integrate RPA.

Here are some ways RPA can improve inventory management:

1. Product Merchandising and Updates

The most efficient manner to gain more customers and increase sales by the proper advertisement of goods and constantly updating the website with more products from time to time.
Doing this manually requires a lot of time and effort and can be quite tedious, but as a result of digital transformation such as RPA, these modifications can be made through UiPath. Which makes this process faster and improve content presentation.

2. Efficient Customer Service

With RPA a company can be assured of good customer services because it makes use of software bots which are far more efficient and fast, they can distinguish between customers of low priority and those who need immediate attention and are able to quickly receive and dissipate the data to the concerned representative to quickly meet up with the client's request.

As stated by the international business machines Corporation, 80% of agents continually carry out research works to further improve customer services.

3. Improves Supply Chain Management

Supply chain management basically is the supply and delivery of goods. Therefore, it is very important to follow the entire process. RPA monitors the progress of the goods from the manufacturer to the company and from the company finally to the customer with full security and ensures on-time delivery. Fast delivery is a precursor to sustained business.

4. Systematic Categorization of Products

Imagine owing thousands of products in a company and all are available on the e commerce site and any one of the products can be ordered. In a situation whereby the products are not well arranged the retailer would find it difficult to locate which can equally cause a delay In supply, customer in satisfaction and loss. RPA provides effectively provide a well categorized arrangement of all the goods. Which would get rid of any mundane error and delayed supply.

5. It Insures Secured Payment

Most companies are concerned with cyber fraud which has now become common in the world today the best way to stir clear of such situations one of the best ways is to deploy RPA which assures a secured network through which money can be transacted. In order to make payments the clients have to pass through several channels, fill various forms and still be in anxiety of not compromising their financial securities but with RPA it can not only assure both the company and client of total security but also combine those numerous channels into one seamlessly functioning channel.

Summary

Deploying RPA in e commerce stores and platforms is directly proportional to increased productivity, increased customer satisfaction, e commerce website traffic and as well save expenditure. It also gives the company an advantage over other competitive e commerce stores.

In What Ways is Salesforce Evolving the Mobile Workforce?

Salesforce is a customer relationship builder between the customer and organizations or businesses. It tends to unite the customers and organizations together. It’s a global customer relationship management (CRM) software. Salesforce is an organized platform that includes all the specific areas of organizational board or section that can be adapted for vending or marketing, business, buying and selling as well as services to be offered to the buyers. Salesforce is also critical of the point of view of every customer it interacts with. 

The Importance of Salesforce 

Salesforce accomplishes a lot by uniting customers or buyers with businesses together. A globally renowned CRM has a broad understanding of several dynamics. 

1. Reveals Customer Expectations

First of all, when this management process done under or with Salesforce, tends to reveal the customer expectations. In this way it will be easy for the business or organization to understand their customers, their likes and dislikes, which is extremely important to enhance the relationship and competiveness in the market.

2. Enhanced Sales 

It gives the ability to increase in sales, vend, the service rendering to the customers, improving the information technology of the companies. Most importantly, it makes buyers to be attracted to the company by using individual marketing, which will enable the companies to have more customers by knowing their wants and worries in the marketplace. Customers loves when all the attention of the company is on them. So, CRM helps the company to reply quickly to their customers having and related issues regarding the company products. 

3. Improved App Performance and Customization 

All businesses and organizations value uniqueness. Salesforce Support helps these establishments build up their apps with unique features customized to their individual brand needs and requirements. Several businesses have personalized apps nowadays. Today, over 200,000 businesses, industries, organizations, institutions and associations have adopted Salesforce to professionally enhance and develop their processes and businesses.

Ways Salesforce Is Evolving Mobile Workforce 

In building a successful company, it usually takes a lot of years. However Salesforce tends to give the fastest solution of a clue to an app. For the mobile workforce, Salesforce helps to build a business faster by using the app. It tends to help companies to save time as well as money. These are ways Salesforce is evolving the mobile workforce as the best in building relationships with customers. 

These ways include:

1. Fast and Speedy

Originally, it took time to build up or establish a business, or an organization. But Salesforce uniqueness is that it is fast and seedy. With Salesforce it takes just months to be properly developed and established in the business systems and structures.

2. Ease of Use

Salesforce is easy to teach and adopt. For even beginners can easily access it and can be comfortably use it for a variety of adaptations. End users like apps that are very easy to use instead of them putting a lot of efforts in understanding and wasting time.

3. Enhanced Productivity

Salesforce is quite productive in the sense that it is easy to access. This then results in not wasting time and efforts of workforce or employees or particular tasks or processes. So customers also discover and find it productive as it can be modified to suit the expectations of customers. 

4. Remote Access  

Salesforce can be used from anywhere and anytime. Given the situation prevailing currently of COVID-19 it can be difficult to organize official functions and retain a sense of control over business planning and execution. Being virtual it can be used through the internet. Salesforce has proven to be efficient for the growth of businesses even in lockdowns or slowdowns.

5. Cost Effectiveness 

Salesforce is perfect as it is cost-effective and pocket friendly to businesses in these lean times. A mobiles workforce stays activated at far less cost and with marginal administrative overhead costs. Its abilities have vastly empowered business starters to use adopt Salesforce at affordable costs. This evidence that Salesforce gives access to software solutions for users as well as developers.
 

6. Easy Implementation and Adaptation across Industry 

As we know that there is high competition in business in the globally today. Due to this competition that is taking place, businesses and organizations are now getting smarter. The businesses have discovered that customers are the key to their success in any undertaking. That means businesses are keeping and putting customers first by knowing their needs, wants, and concerns of the customers. For the mobile workforce consistent and constant customer engagement means opening doors to opportunity and possibility. That way, technology is shown to be the most powerful and strong insight to not only help build the business strategies but empower with superior technology and competitive hand in Salesforce.  

 

7. Establish Seamless Management Channels 

Salesforce has helped in different dimensions and ways. In India, Salesforce has helped organizations to know their management, opportunities, how to manage customer information and much more. Salesforce Implementation Services India came to force, when businesses in India started realizing that original software for customer relationship management is not enough for the growth of the business and to make it more effective.

Knowing how effective Salesforce development gives the ability to design helpful software solutions and personalized services makes more business sense. There are many Services of Salesforce in India such as in Gurgaon, Mumbai, Bangalore, Hyderabad and many more states in India. Salesforce customization India is designed to be pocket-friendly, quick, steady and has taken a lot of India usinesses to the next level by making customers and producers interaction valuable. According to a research which shows that companies that uses the Salesforce software have average deployment in increase 30% in sales revenue, 35% in communications between companies and consumers, 70% increase in customer satisfaction including 65% in quick development, which has extremely help the companies and organizations in India.

8. Business and Organization Boon  

Salesforce is not only a boon to organizations and businesses but also to associations, as it has led to endless benediction. Salesforce has led to great leads that have helped in targeting customer needs, wants as well as their concerns with the right products or offers at a specific time. It gives the best services to the customers by giving good outcomes at adequate expense.

Summary 

Salesforce has tremendously evolved the mobile workforce network and the reasons are many. One is because Salesforce is in the cloud, availing easy connectivity, and ease of access on mobile networks. As people hang onto and use mobile data at any time and everywhere, whether in the office, home, traveling etc. Since, businesses and organizations want to survive, given the prevailing COVID-19 pandemic they strive to keep their buyers/customers happy. That means customers also have a large amount of influence in the marketplace today. For example, a business may face bad reputation if customers complain about their products and result in loss of goodwill. Therefore, Salesforce Integration Services India, have enabled the growth and development of businesses by setting up the best foundation for good relationship between businesses and their customers.

Reasons Why Salesforce is the Best CRM

 

Salesforce CRM is a known, perfect & reliable platform to find, nurture, and convert leads and close deals easily & faster. Salesforce integration helps businesses of any size manage leads, contacts, sales opportunity, customize dashboards & reports. 

This CRM allows you to easily follow up on leads & identify key contact. Moreover, you can let your CRM automatically track emails, calls, & meetings. Salesforce offers a speedy, intelligent, and personalization to every transaction. 

Salesforce integrated services boast to improve sales productivity by 36%, deals with 26%, sales revenue by 28%, and better forecasting 38%. Salesforce Integrated services can benefit you in different ways. Here let's view the reasons for a business adopting Salesforce as a CRM.

Reasons & Benefits of Using Salesforce CRM

Salesforce services give you ground-breaking consistent innovation with regular upgrades and advanced services from time to time. 

Visual Data 

Using and managing spreadsheets & graphical representation of data is the most crucial task, which requires manual effort. But, Salesforce's Smart CRM can easily help you with most of the manual work. Its Dashboards feature is the most advantageous attribute, as it showcases the metrics & the information that matters the most to you. Thus every team member, be it the management team or developing team, can personalize their dashboard.

Personalized Automated Outreach

Since every tool and technology, every innovative idea is addressed to outreach a wide audience for a profitable business. Thus, many companies put the manual as well as automated campaign efforts to attract more and more customers. 

Salesforce CRM lets you easily set up a series of automated emails and trigger specific actions for outreach. You get the leverage to personalize messages and use drip campaigns throughout the sales funnel.

Enhanced Customer Service

As a major advantage of automating outreach and personalized messages, the Salesforce CRM marketing funnel helps to enhance customer service ability or efforts. 

Through insights into customer data, the sales team or a support representative can meet the customer needs efficiently & solve their respective problem proactively.

Also, with the help of available data, team members do not have to dig for information, which saves time and improves the bottom line through higher customer satisfaction.

 Enhanced Automation Efficiency

Automation is a time and cost-saving attribute, which most companies use today. Salesforce CRM offers email and nurtures leads with drip campaigns automatically. Teams are levered to prioritize marketing qualified leads with the help of leads or customer's parameter set with the help of AI. Automated chatbots or automated messaging features can solve real-time problems of a customer quickly and at any point in time.

Collaboration Simplified

Salesforce CRM is a cloud-based platform that allows you to record a conversation, interactions, needs, notes, and contact information. You can always have an up to date data, which your teammates can always look up to make some important decisions. Collaboration tools of this CRM allow multiple people to work on a single file at the same time. Your teammates can share files and work through shared records too.

Secure Reporting

Every business decision or marketing tactic is made based on data gathered from different sources. To make data useful, it must be sorted cleaned, analyzed, and made actionable. 

Google Analytics is the most important tool for any business to monitor website traffic and rely on its metrics. Here CRM is useful to dig deeper metrics and data. Salesforce also helps you organize and maintain clean & error-free data, which is easy to interpret. Salesforce CRM also lets you check who is interacting with your company.

You can run reports to see where your opportunities are, how you interact with leads and customers, customer service efforts, and trends in your sales. The CRM is capable of showing the number of times a person opens your email marketing message and clicks made through that message. Also, the best CRM can tell the number of conversations & their needs put in front of the sales team. 

With the help of Artificial Intelligence, CRM can produce value through actionable data. Reports created by CRM allow businesses to keep an eye on current statistics, which also helps in the decision-making process.

To Conclude -

The marketing team can focus on creating campaigns, resonate with the audience, analyze data, and test different strategies. Similarly, the Sales team can focus on selling the right product or service to the customers and address their pain points. And Customer service agents can dedicate themselves to listening to problems and solving complex issues. And the rest can be managed through Salesforce integration services.

 

 

How Does Blockchain Facilitate Transformation to Cognitive Enterprises?

Blockchain is an information storage database system that helps process transactions made for the distribution of bitcoin, the world’s premier cryptocurrency. The database varies from other databases as it adapts a distributed ledger systems instead of a centralized database. That makes blockchain more reliable, secure and trusted than traditional databases as hackers cannot compromise the entire system through breach of a single computer system. Blockchain is popular for its enhanced and superior security credentials. 

What Is Blockchain?

Blockchain is a constitution of a chain of blocks literally but not figuratively implying two elements of digital information (block) stored in public databases (chain). Precisely blockchain is, therefore, a digital information database. Since Cybersecurity is vital today, and blockchain has answers, solutions and ways enterprises can reduce the regularity and occurrence of computer systems or network breaches.

Blockchain Technology as a digital term was first used in 1991 by two cryptographic digital researchers (Stuart Haber and W. Scott Stornetta) in search of systems to full-proof digital document timestamps and make them 100% tamper-proof. However, blockchain became an apparent, prominent and digital reality with the Bitcoin launch in January 2009.

Systematic Functioning Steps of Blockchain

1. Blocks store information regarding transactions i.e. date, time, and dollar amounts of latest purchases.

2. Blocks store transactional information. Blocks for huge purchases from websites record the name plus the website transacted with. Yet rather than use actual transactions names, purchases are recorded minus any identification information but by attributing unique 'digital signature'.

3. Blocks store information distinguished from other blocks. Each block stores unique codes called 'hashes' enabling transactors to know every other block. Hashes are cryptographic codes made by unique algorithms.

So how does blockchain facilitate progress to becoming or transforming to a cognitive enterprise? Below we dissect the anatomy that blockchain presents.

 

Ways Blockchain Technology Solutions Help Cognitive Enterprises or Businesses?

1. Blockchain Facilitates Tamper-Proof Data Storage/Management

Blockchain has connected chains or trails of data records managed, stored and verified via verification and validating systems globally. These are computer network systems connected into a global network or grid of information storage.  Created data records are available and shared and stored on each connected computer in the global network. Tampering, unauthorized updates, false information addition, erasing and deleting of the data is not possible as every computer shares an original copy of the stored data. That is why, cryptocurrency, is secure and can be saved and transferred quickly and securely all over the world without compromise to the transaction.

2. Blockchain Facilitates Digital Innovation and Entrepreneurship

Blockchain’s power to facilitate online financial transactions promotes digital entrepreneurship with the disruptive potential to power not just financial technology startups but also provide the same drive in other niches and industry verticals.

3. Blockchain Crafts Unique Identification Modes to Quash Fraud

Blockchain Technology Solutions by having data storage blocks facilitates unique identification via hash and further hash that link to the previous block. The ledger of activity is shared publicly with everyone on the network, and when a new transaction is executed, all nodes on the network must validate its legitimacy before validation or acceptance on the blockchain.

4. IoT Buffers for Cognitive Computing and Blockchain

It's estimated, by 2020 end, there will be more than 30 billion internet-connected devices worldwide and growing and growing as internet usage expands in emerging economies. Driven by this real-time demand and usage of data across industry, blockchain offers valuable tools that help fill the gap and also enhance insights to greater data security online.

5. Blockchain Shifts Legitimate New Paradign in Asset Exchange

Blockchain is almost immutable, which means blockchain represents a radical new paradigm in information and asset exchange. The application of blockchain technology has several implications not only for commercial enterprises but also for social behaviour.

6. Blockchain Offers Enhanced Medical and Clinical Care Accountability

 With immutability as its core of operationalization, medical establishments and other clinical drug testing concerns in its network can be made more accountable with certified updates and entrances regularly.

7. Blockchain Erases Necessity of Third-Party in Business Transactions

Blockchain as a digital record-keeping system removes the necessity for third-party intermediaries who typically facilitate several transactions Blockchain decentralizes the management of transactions via cryptography and facilitates as well as enables shared verification of information and therefore support secure, transparent and accountable network exchange.

8. Blockchain Gives Ballast to Cognitive Computing

Cognitive computing is the use or adaptation of advanced artificial intelligence systems to make computers with rational abilities or thought. Deep learning enables cognitive computers to grasp and adapt as they receive new data. These computers are not just executing logic-based commands but as technology evolves espouse and include other AI abilities and systems.

Summary

Present solutions storage and data processing systems aren't able to match these devices without cognitive systems and blockchain. Better business insights, forecasts, analytics and accurate statistical results by adopting cognitive computing systems by Blockchain Development Services in India help gain competitive advantage. Moreover, cognitive computing, blockchain technology, and IoT help automate and monitor several industry systems for better overall optimization, reduced waste, and improved security.