Three Challenges : Setting it up, having staff trained to use and understand what they are doing, and keeping data safe in this new transfer of data phase.
An example would be multiple data bases of info not being compatible in the constant back and forth of Data exchange.
1; Messaging between suppliers and customers using different systems for example SAP and a small supplier using a very small system using baseline as a bridge communications are instant and also recorded on blockchain for record
2: shipping and tracking. By using baseline all permitted users can track all info on progress of the shipment, location time of delivery etcâŚ
3: Data integrity by using Baseline all users share the same data and the and all data is verified and recorded on blockchain
Data Security
Data silos
Cost efficiency
Each company across the globe have different technological infrastructures, which in turn doesnât give an accurate view of their business. Data silos stop from having a clear view of an organisations performance, they also lead to a bad customer experience as data can be left in a trail instead of being streamlined for easy access.
As data is gold for any business, data silos pose a threat to data accuracy as well as wasting storage space as data gets outdated which could pose a threat to their data security.
Ex: Exchange of secure information between Data Silos in a trusted controlled manner.
Three challenges in business integration are;
Data integrity would be a great sales point for any blockchain business accounting/logistics program due to its immutability of information on each block.
Coding processes: processes need to be coded and there can be errors in the transcription.
Reconciliation of information between different systems: different systems usually result in inneficient processes as information has to be reconciliated in order to verify it is correct.
Updating workflows: if a process or a tool changes, processes have to recoded again, being veryinneficient,
Write down three challenges in the field of business integration and write down an example.
Three challenges:
Right now there is no universal digital ID, each form of your digital ID is siloâed.
Three challenges in the field of business integration and an example.
I will focus on data integration.
1: Defining Data Integration
2: Data in Heterogeneous Forms
3: Resource Allocation & Planning
An example could be an SAP Digital Tranformation Implementation in the the fashion or media industry which has many data points and works in mulitiple countries, languages. The complexity of the dynamics of each of the localizations can cause delays in the project delivery. Blockchain can provide the needed transaprency to affect these implementations in a positive, streamline the processes and remove the silos existing today.
technical integrity
change of requirements
control flow
Challenges in the field of business integration:
Data silos- business data spread across different islands in the cloud and entrepreneur ERP and this make data inaccessible or unreadble to some who could benefit from it.
Technical requirements- Integrating these different systems require expertise, capital outlay and time that most small and medium companies can not afford
Messaging and notifications- messaging platformâs formats vary across external business partner ,therefore data must be converted into a standardized format for transfer and rules governing messaging process has to be predefined.
Example: A large business can have a lot of siloed departments with their own data and legacy systems and processes. To integrate these is not only a technical challenge but also a change management challenge. People have to change their ways of working which can be harder than implementing new technologies. A business thatâs is being acquired by another business will have these issues.
1: System integration until now has been a big hinder for companies and businesses as there has been no real pathway to integrate nuance technology(blockchain) to traditional technology which can greatly improve productivity and service.
2: Silos are greatly a problem. having to go via various procedures and systems to access data is not ideal in the new digital age.
3: Time and cost is probably the biggest factor here. Anyone or any system that can save a company/business, time and cost, is valuable. the âworkflow designâ in the UB templates package will help to lower the cost of hiring developers therefore also saving time.
Problem 1 Communications processes both inter and intra business
Documentation and Notifications evolving around the communication processes between businesses and within their own business. Getting all those baselined
problem 2 Control Flow
being able to dynamically respond to changes in any given work flow if and when that work flow becomes disrupted at any point during the business process.
problem 3 Data Integrity and Security
businesses need to be certain that the data they generate, provide and utilize is useful, clean, gets transmitted properly, and also that it is protected and that their are privacy controls in place.
Three challenges in business integration are:
Example: Businesses can track shipping updates and if thereâs any delivery issues along the way using one of the challenges called âcontrol flow.â
1.Data integrity
2. Message exchanges
3.Control Flow
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For example if Nice Bank would like to implement this solution. Lets say Nice bank has the data on different system. One system for accounting transactions, other for customer private data, other for internal reporting⌠How does the different system could be integrated in one single blockchain solution ? Also, the maintenance of this could be done by existing IT team at the company. Do the existing users need to input the information in a different way? How about information silos at the company store in different departments? My question is that this may be too costly to integrate this data into blockchain. Other type of risk is how secure and if it will be compliance with the company, to make sure no third party has access to it.
Lack of an effective digital transformation strategy: Without a detailed strategy that addresses the âWhatâ, the âWhyâ, the âWhenâ and the âHowâ, implementation will only serve to frustrate those affected. It is important to create a compelling vision for what the technology is and what itâs going to do. The users will need to know how the new technology will improve their lives and how it will positively disrupt their routine. All the benefits and impacts of the change will need to be presented in a detailed strategy program, which should also consider the impact on the business, itâs employees, suppliers and customers.
Lack of communication and involvement: In order to increase early and rapid adoption, it is beneficial to get everyone aware of the upcoming integration. Being transparent with the new integration and sharing the transformation strategy and objectives will go a long way in making the audience feel part of the change. It might be ideal to demonstrate the new service offerings and the economic and rational benefits for the organisation and the individual. Get everyone to understand why the new technology is an improvement from what they had before. It is considerate to bear the usersâ interest in mind, as functionality and user-friendliness will be critical to them.
The absence of Change Champions: It is critical to get a team of technology endorsers, early in the implementation stage, who will talk positively about the new technology and create excitement. Once the change is communicated, the team can further deal with concerns or uncertainties, and communicate benefits to those impacted, on a one-on-one basis.
Lack of training and upskilling: It is vital to identify, manage, train and upskill those impacted by the new technology. For those who are not tech-savvy, training maybe seen as a challenge, so it is advisable to run comparative pilots and encourage them to do trials and get feedback. This will help guide the type, method and intensity of training required.
Instability: Before any new technology can be integrated or implemented, those in charge must first spend time researching and identifying possible risks that might result in inability and ineffectiveness of the new technology. To avoid such, a pilot operation to serve as experiment and prove technical feasibility, will be required.
Data Control
Data Integrity
Data Silos
Example:
The silo structure of companies with their own data, technology and processes are providing valid data between different data silos in a controlled environment.