While it looks difficult and complex, the analysis is actually quite simple with the software and a few hours of training. Blockchain applications in rows, are rated and compared by all the criteria (in columns) bearing on whether the application is feasible with good cost/benefit ratio and fit with your organization. Appropriate weights (some factors more important than others) are applied, and a weighted average score is calculated. Uncertain as to which factors are most important?—change the weight, and see how that changes the total weighted score. Look at how the different blockchain applications perform across a variety of scenarios. Trying to keep track of all these tradeoffs and issues in your head, or in a spreadsheet or PowerPoint presentation, is impossible. You need this software—and you need to do sensitivity analysis, inputting different ratings and possibilities to see how blockchain applications will perform under different circumstances.
Disagree on weights or performance of some options by a criteria?—input the conflicting views and see if they matter. Most of the time they won’t. In a complex decision, major differences on some issues don’t change the overall ranking of alternatives, so there is no need to resolve the disagreement (saving time and avoiding arguments). The best part about using this software and BBC’s analysis process is that you often come up with ideas to change the options under consideration, avoiding some vulnerabilities, overcoming shortcomings, and hedging against adverse developments.
With the software, it takes very little time (minutes) to build the scorecard. The time investment is in collecting data and considering risks and ways to adjust and improve the alternatives. The payoff is both development of better alternatives to choose from, and identification of a “robust” blockchain applications that performs best under a wide range of different scenarios.
Don’t spend a fortune hiring Deloitte or IBM to tell you (and sell you on a blockchain application they have developed and are promoting)—we can work with your staff to assess the costs and benefits of blockchain applications applicable to your firm. There are applications that can cut expenses and increase sales, but many stumbling blocks and problems that are leading to failure in some blockchain pursuits.
In addition to the half-day, morning course, participants can sign up for an afternoon of additional training on the software and methodology, with more time to ask BBC instructors and consultants questions about blockchain applications.
Custom training in your location possible.