Trending February 2024 # 7 Blockchain Case Studies From Different Industries In 2023 # Suggested March 2024 # Top 6 Popular

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Global investment in blockchain technology is skyrocketing (see Figure 1) because blockchain can enhance data exchange in multi-party processes thanks to:

Enhanced transparency

Increased speed

Reduced transfer costs. 

Blockchain pioneers have a chance to acquire a competitive edge. However, executives have many investment alternatives and maturity of some blockchain based solutions is low. Therefore, executives need to make smart decisions to invest in an optimal manner in blockchain based solutions.

In this article, we present 7 blockchain case studies. Real-world examples can help executives identify solution areas that are mature enough for investment.

Figure 1: Blockchain market size in billion US dollars

Procurement 1. Blockchain ease supplier master data management: Trust Your Supplier

Business challenge:

Trust Your Supplier saw an opportunity to reduce costs and effort when it came to finding and onboarding a reputable supplier. Supply chain interruptions and quality expectations to comply with regulations or stakeholders’ environmental and social concerns, are two important risk aspects that firms must deal with. Finding a suitable supplier is a time-consuming and expensive process for businesses because verifying and obtaining data from providers is difficult since companies do not want to share their data openly.

Initiative:

Trust Your Supplier  collaborated with IBM to create an open source blockchain platform that allows businesses to securely and effectively share data with permissioned partners. Platform allows businesses to have their data confirmed by third-party verifiers such as:

Once your company’s data is confirmed, a blockchain-based corporate digital passport is created, allowing:

Enhanced compliance.

Enhanced risk management.

Reduced onboarding duration of suppliers.

Results:

Reduce supplier onboarding duration more than 70%.

Lessen the cost for data verification to work with a suitable supplier 50%.

Improve compliance by almost instantaneously checking international quality certificates of other parties like GRI, ISO, SASB etc.

2. Blockchain eases trade finance: Marco Polo Network

Business challenge:

Initiative:

Marco Polo Network utilizes blockchain technology to provide a platform for exporters and importers to transparently share delivery data by integrating with supply chain ERP systems and creating an irrevocable contract for parties that guarantees the exchange of money and goods under specified conditions (e.g. money transferred when goods receives the importer).

Initiative potentially eliminates the need for third party existence that solves “trust issue”. However, third parties also involve and benefit while they are using Marco Polo Network’ solution since the platform increases transparency.   

Results:

Enhances working capital cycle for both buyer and seller.

Automates transaction settlement process.

Reduced complexity by digitizing documents.

Supply chain 3. Blockchain improves compliance: Renault 

Business challenge:

The automotive sector is highly regulated. Renault, for example, deals with 6,000 regulatory and quality characteristics relating to:

Safety regulations

Geometric features

Material quality

Environmental concerns

A vehicle must meet certain internal and external compliance criteria in order to be offered on the market. A change in regulations needs to be communicated downstream to suppliers and suppliers of suppliers to ensure that they all build according to the new specifications. Therefore,  Renault needed a platform throughout the ecosystem in a transparent manner to ensure compliance. 

Initiative:

Renault and IBM collaborated to create the automotive industry’s first extended compliance end-to-end distributed blockchain platform for the traceability of components internal and external regulatory compliance. 

Results:

Reduces expense of non-compliance by half. 

The initiative reduces the cost of managing non-quality/non-compliance by 10%. 

Renault wants to invest more in blockchain technology for the visibility of product carbon footprints and recycling operations as a result of the initiative’s success, aligning with the company’s ESG and circular economy ambitions.

4. Blockchain authenticates infant products quality: Nestle

Business challenge:

After 300,000 newborns were sickened with melamine from powdered milk products in 2008, Chinese parents‘ trust in infant nourishment products was damaged. Nestle was looking for ways to reassure Chinese parents about the quality of their newborn nourishment product NAN A2 to penetrate the market effectively.

Initiative:

Nestle teamed up with Techrock, a Chinese technology firm, to create a public blockchain platform that integrates with a mobile app. As a result, parents can verify the NAN A2’s following characteristics using their phone:

Ingredients 

Place the ingredients sourced from

Origin of production

Packaging details including the photos.

Result:

Due to the transparency provided by blockchain, Nestle held the largest market share in China’s infant nourishment sector.

Insurance 5. Blockchain ensures instant claims processing: Etherisc

Business challenge:

Etherisc is an insurtech startup that was looking for ways to speed up the claims processing. Traditional claims processing comprises five processes, as shown in Figure 2. Though the time it takes to settle a claim varies by insurance company and type, it usually takes weeks. However, according to EY, nearly 90% of insureds choose an insurer based on the quality and speed of claims processing.

Figure 2: Steps of Claims Processing

Initiative:

To automate claims processing Etherisc uses blockchain technology which enables smart contracts that enforce the agreement when the certain conditions specified on the contract are met. 

Etherisc employed third-party data providers to determine if the payment arrangement’s terms were met or not (see Figure 3). Therefore, after alerting the insurance provider, Etherisc evaluates the initial claim investigation and policy check processes in real time, increasing its claims processing efficiency.

Figure 3: Claims processing with blockchain

Results:

Reduces the time needed for claims settlement.

Automatically investigates probable fraud using data from third parties (IoT devices or reputable databases).

Energy 6. Blockchain optimizes the power grid: Tennet

Business challenge:

TenneT, situated in the Netherlands and Germany, is an energy transmission operator. Because energy demand and supply are not always in balance, electricity distribution is difficult. Energy productivity of sustainable energy supplies varies instantly depending on the state of the weather. Wind turbine electricity generation, for example, differs depending on the wind conditions of the day. Similarly electricity demand varies within the day. Thus, optimizing electricity distribution becomes a challenging issue.

Initiative:

To optimize the power grid Tennet cooperated with IBM and Sonnen. IBM deployed blockchain Sonnen, producer of home energy storage systems provides an opportunity for interaction with minor energy producers and consumers. 

Energy storage systems linked to the TenneT’s power grid database via blockchain. Thanks to blockchain’s distributed ledger, inaccuracies in the demand and supply of electricity are transparently shared with a variety of stakeholders. Initiative enables the connected energy storage units to collect or release additional electricity as needed in a couple of moments, reducing grid transmission inefficiencies.

Results:

Elevated curtailment and re-routing operations became unnecessary so the initiative saves millions of dollars.

A significant step toward the transformation towards renewable energy sources has been taken. Because initiative provides a way of management for the significant supply volatility of renewable energy sources.

Support local energy producers like home owners or farmers who deploy solar plants or wind turbines and lower their electricity expenses as well carbon footprint’s.

Legal 7. Blockchain assists the tracking of intellectual property (IP): IPwe

Business challenge:

Many businesses do not have the opportunity to present the true value of their assets to potential investors so some companies are undervalued. IPwe  intended to transform the inefficient old IP system, in which patent holders, lawyers, corporations, intermediaries, and global patent offices lack communication for a variety of reasons, including the inability to transfer information from one source to another transparently.

Initiative:

Result:

IPwe’s blockchain database has 80% of global patents.

If you think blockchain could help your company, use our data-driven lists to compare the best blockchain platforms and services.

If you have further questions regarding blockchain you can contact us:

This article was drafted by former AIMultiple industry analyst Görkem Gençer.

Cem regularly speaks at international technology conferences. He graduated from Bogazici University as a computer engineer and holds an MBA from Columbia Business School.

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You're reading 7 Blockchain Case Studies From Different Industries In 2023

30+ Digital Transformation Case Studies & Success Stories

We see that digital transformation projects focusing on customer service and operations tend to be more heavily featured in case studies and we recommend enterprises to initially focus on digitally transforming these areas.

Research findings:

Outsourcing is an important strategy for many companies’ digital transformation initiatives.

Most successful digital transformation projects focus on customer service and operations

JioMart

JioMart is one of the largest Indian e-commerce companies that focuses on online grocery shopping, fashion, and home essentials. In May 2023, JioMart was completely launched in 200 Indian cities. They offer over 50,000 products and process more than 250,000 orders per day.

Note 1: To see the capabilities of chatbots, you can request a demo from Haptik.

Note 2: You can download Haptik’s report, The State of WhatsApp Marketing 2023, to learn more about the recent changes in WhatsApp marketing and WhatsApp chatbots.

Michelin-EFFIFUEL

Michelin, a global tire manufacturer, launched its EFFIFUEL initiative in 2013 to reduce the fuel consumption of trucks. In this context, vehicles were equipped with telematics systems that collect and process data on the trucks, tires, drivers habits and fuel consumption conditions. By analyzing this data, fleet managers and executives at the trucking companies were able to make adjustments to reduce oil consumption.

Business challenge: Inability to improve customer retention rates to target levels, due to trucks’ fuel consumption and CO2 emissions.

Target customers: Fleet managers and operations managers at truck companies in Europe

Line of business function: Customer success management and sales.

Solution: By using smart devices, truck and tire performance degradation is detected and maintained from the start. The solution also nudges truck drivers into more cost and environmentally friendly driving.

Business result: Enhanced customer retention and satisfaction. EFFIFUEL has brought fuel savings of 2.5 liters per 100 kilometers per truck. The company also reduced the environmental costs of transportation activities. According to Michellin, if all European trucking companies had been using the EFFIFUEL initiative, it would have caused a 9 tons of CO2 emission reduction.

Schneider Electric-Box

Schneider Electric is a global company with employees all over the world. Prior to the Box initiative, which is a cloud-based solution, business processes were relatively slow because it is difficult to process the same documents from different locations at the same time. Schneider Electric also needed a way to provide data management and security for its globally dispersed workforce. So Schneider Electric outsourced its own custom cloud environment that integrates with Microsoft Office applications to Box. The platform also ensures tight control of corporate data with granular permissions, content controls and the use of shared links.  Thanks to this initiative, the company has moved from 80% of its content hosted on-premises to 90% in the cloud and has a more flexible workforce.

Business challenge: Inability to increase operational efficiency of the global workforce without capitulating to data security.

Solution: Outsourcing company’s cloud-based platform to Box, that ensures data security and integration with Microsoft Office programs to ensure ease of doing business.

Business result: Schneider Electric connects its 142.000 workers within one platform which hosts 90% of its documents.

Thomas Pink-Fits.me

The platform also helps chúng tôi gain better customer insight as previously unknown customer data, including body measurements and fit preferences, becomes available. In this way, the platform can offer customers the clothes that fit them better.

Business challenge: Lack of visibility into  online sales and customers’ preferences.

Target customers: Online buyers and users.

Line of business function: Sales and customer success management.

Solution: Outsourcing the development of the online platform to chúng tôi Virtual Fitting Room .

Business result: Improved customer satisfaction and engagement. Thomas Pink reports that customers who enter the virtual fitting room are more likely to purchase a product than those who do not. There are many successful digital transformation projects from different industries, but we won’t go into every case study. Therefore, we provide you with a sortable list of 31 successful case studies. We categorized them as:

System Improvement: changing the way existing businesses work by introducing new technologies.

Innovation: creating new business practices, based on the latest technology.

Type of ProjectCompanyInitiativeIndustryBusiness FunctionCase StudyResults System ImprovementAppleCarPlayAutomotiveCustomer ServicePartnering with OEMs and apps such as Spotify to integrate an iPhone into vehicles’ infotainment system37 million sales estimation in 2023 Reducing the cost of having to hold a large volume of stock that often does not match a customer’s criteria. Reduction in CO2 emissions InnovationDaimlerMoovelAutomotiveMobility ServicesBringing together various means of transport, and plans the best route from A to B, enabling customers to choose between a range of different transport optionsMoovel has more than 1 million customers. System ImprovementMichellinEFFIFUELAutomotiveCustomer ServiceA comprehensive ecosystem including sophisticated telematics, training in eco-driving techniques and optimized tyre management system.A reduction in fuel consumption of 2.5 litres per 100km represents annual savings of €3,200 for long-haul transport Improving customer experience. System ImprovementThomas PinkFits.meRetailOperationsVirtual fitting rooms that collects customer data and uses it to match shoppers to garments that are right for them.29.6% higher conversion rate InnovationLegoEntertainmentOperationsFocusing on new revenue sources coming from movies, mobile games and mobile applications by leveraging digital chúng tôi first LEGO movie achieved revenues of approximately $468 million with a production budget of only $60 million. System ImprovementGeneral ElectricDigital WindfarmEnergyOperationsUse of sensors, data networks and analytics create turbines that are customized for peak efficiency.20% efficiency improvements, which could help generate up to an estimated $50 billion of value for the energy industry. Increased time-to-market by decreasing cycle times in sales, vendor order management, legal processes, employee records management and supply chain use cases. InnovationHospitals*Ginger.ioHealthcareOperationsProviding a complete, centralized platform to track a health system’s equipment across all facilitiesEach hospital is saving between $1 – 2 million in the earliest stages, and that total multiplies the longer a hospital uses the system. InnovationCohealoHealtcareOperationsUsing data from a patient’s everyday mobile usage (time spent on calls, text messages sent) and activity (distance travelled, sleep) to map patient behaviour and detect abnormalities by using AI.Improving clinical outcomes while reducing healthcare costs. Doctors can use time and resources more effectively. Producing aircraft parts which weigh 30-55% less, while reducing raw materials used by 90%. Over 9 million visitors give positive feedback. The platform had 157 million active users in 2023. System ImprovementWeChatCommunicationOperationsTransforming a messaging app into a powerful multipurpose platform that focuses on socializing functions.Improved customer experience InnovationBlipparTechnologyOperationsCombining augmented reality and image-recognition technology to bring the physical world to life through smartphones, tablets and wearables.45% revenue growth. System ImprovementStart-ups*Bolt.ioConsultingOperationsBolt invests and distributes hardware to early stage start-ups to help them transform digitally in areas such as strategy, team building, capital raising, product development, customer development, manufacturing, distribution and marketing.Shipped over 70 million units of 150+ SKUs of hardware products. More than 100 million users. Users find the desired information quicker. InnovationEdgePetrolPalladium**Analytics/OilProduct developmentDeveloping and implementing a product strategy to develop a product designed to improve Petrol Retailer profit margins.Agile development of MVP and on boarding of 3 key clients within 12 weeks InnovationMayflexPalladium**SecurityOperationsDeveloping digital strategy that includes profiling existing and future customers’ digital behaviour and expectations, understanding internal digital capability and identifying gaps and implementing digital tools to facilitate delivery of the pilot chúng tôi digital innovation pilot created £120+ sales pipeline in just 6 weeks InnovationStarbucksBeveragesOperationsLeveraging data and developing a mobile app to build consumer intimacy.Improved customer experience Each launch was 40%*50% quicker than traditional methods. System ImprovementKeller WilliamsKW LabsReal EstateOperationsUsing data to empower agents all around the world with several AI-powered appsOver 20% y-o-y sales volume increase InnovationIndusInd BankBankingOperationsCreating digital branches and enabling social media banking transactionsValued at approx.$1.5 billion and up 46% in value yoy System ImprovementMonsantoClimate FieldViewClimate/AgricultureOperationsUsing hardware and software intelligence to analyze weather patterns based on data collected through sensors.Farmers benefit from better yields, lower risks and higher profitability. System ImprovementBBVABankingCustomer ServiceProviding enhanced customer experience with the help of knowledge-driven personalization and clear communication.Active digital customers grew from 5 million in December 2011 to more than 13.3 million in mid-2024 System ImprovementNokiaQPR ProcessAnalyzerTelecommunicationOperationsNokia uses QPR’s process mining tool to harmonize misaligned processes that are created when M&A transactions happenedShortened lead time due to increased efficiency in running processes System ImprovementEneco Group (Joulz)QPR SuiteEnergyOperationsJoulz want to maintain and expand the distribution grid while minimizing the amount of interruption minutes per customer connection, therefore, they implement QPR Suite.Replacing the existing stack resulted in a structural saving of 75K Euro on software and maintenance every year and resource cost reduction of more than 15M Euro

If you are ready to start you digital transformation journey, you can check our data-driven and comprehensive list of digital transformation consultant companies.

To find out more about digital transformation, you can also read our digital transformation best practices, digital transformation roadmap and digital transformation culture articles.

You can also check our sustainability case studies article which include ESG related success stories.

For any further assistance please contact us:

Transparency Statement: AIMultiple collaborates with many technology vendors including Haptik.

This article was drafted by former AIMultiple industry analyst Görkem Gençer.

Cem regularly speaks at international technology conferences. He graduated from Bogazici University as a computer engineer and holds an MBA from Columbia Business School.

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51 Process Mining Case Studies & Project Results

Insights from process mining enable data driven decision making, identify bottlenecks and reduce costs . This article aims to reveal typical results and usage areas of process mining, including a summary of these case studies.

Business outcomes of process mining projects

After mining their processes, many organizations gained vital insights into their businesses. These insights helped them to execute better process analysis and prepare action plans. In conclusion, companies have achieved various results for process improvement. Top 3 typical results are as the following:

1- Data-driven decision making: An essential benefit of process mining is to be data-driven. While extracting processes, the software always uses real data. This enables insights from the process mining tool to be factual. As a result, companies can diagnose their processes confidently. They move forward with real data; not personal opinions or guesses.

2- Reduced costs: One thing companies usually try to aim is to reduce their costs and generate higher profits. By analyzing event logs, process mining can show a company the duration of each stage in its process, its costs, and ways to improve it. The company can get rid of unnecessary costs and make relevant moves to reduce them.

For example, by using process mining, Vodafone discovered that they have low automated transactions, and decided to focus on this area. As it started to use robotic process automation (RPA) to improve its order process, Vodafone has decreased its unit process order costs from $3.22 to $2.85.

3- Identification of the bottlenecks: At some point, the processes may have several stages which take too much time and cause processes to slow down. This reduces efficiency because it affects other stages for not working properly. The companies can identify those stages and take action to reduce them.

For example, BridgeLoan has integrated a process mining tool into its ERP system to identify the bottlenecks in their loan application processes. After recreating their processes, the process started to progress 40% faster and the company can now process 30,000 applications in a month.

To have more details, you can read our article about process mining benefits.

What are typical processes to be mined?

The companies mine various processes to understand what their actual processes look like and find ways to improve them. These processes are usually the ones which the company can increase its level of automation.

The typical processes we have observed from the case studies are:

Purchase-to-Pay

Order-to-Cash

Logistics

Quality Management

Finance

Feel free to read our guide to learn more on process mining use cases.

Below, you can find the extended list of case studies which we have collected from different resources. You can filter the list by the service provider, industry, or process and investigate the achieved results.

CompanyCountryProcess Mining ToolIndustryProcessResults ▪ Better visibility of actual performance ▪ Real-time performance monitoring ▪ Reduced costs ▪Improved communication across functions ▪ Discovery of the need of staff re-training ▪ Improved operating efficiency by focusing on underperforming targets ▪ Quick identification of problems and improvement opportunities Anonymous bankAustralia University of MelbourneBankMortgage Approval process▪ Identification of communication issues between front office and back office. ▪ 4 month ROI Anonymous global mortgage insurance Company US, Canada and AustraliaStereoLOGIC (Canada)Mortgage insurance companyCall Center Operations, Back Offices▪33.6 % process efficiency gain in less than 3 months ▪ Improved customer satisfaction ▪ Discovery of improvement opportunities ▪ Increased customer satisfaction ▪ Quick reaction to possible problems in process ▪ Faster invoicing ▪ Analysis and automation over 50 processes ▪ Increased process quality ▪ Elimination of problematic process steps ▪ Reduced audit preparation time by 50% ▪ Identification of root causes of process delays ▪Reduction of the emergency management total duration ING Bank (Netherlands) Australia CelonisBanking and financial servicesWebsite and call center improvements▪Develop their website and call center. KB Card South KoreaPuzzle DataCredit CardCredit Card Issue Process▪Identification of bottlenecks and time consuming activities ▪ Increased responsiveness to possible problems ▪ Improved lead times ▪ Increased data quality ▪ Achieved user segmentation Comprare care paths between discovered model and pre-defined rules ▪ Conformant order lines from 40% to 80 % ▪ Secured on-time payments ▪ Improved lead times ▪ Minimization of resources spent on rework ▪ Improvement verification when an improvement is implemented ▪ Shortened application process from 35 minutes to 5 minutes on average change and improvement. ▪ Identification of the bottlenecks ▪ Quick identification of inefficiencies ▪ Improved operating efficiency by rescheduling good replacement tasks ▪ Reduced processing time from 30-60 days to 5 days ▪ Improved customer relations ▪ Reduced costs ▪ Quick identification of process deviations ▪ Shorter lead time ▪ Improved time to market by 20% ▪ Improved customer satisfaction ▪Optimized products ▪ Improved data management ▪ Improved decision-making ▪ Shortened turnaround by 4000 days for the first six months

If you want to learn more on process mining, download our process mining comprehensive guide:

Cem regularly speaks at international technology conferences. He graduated from Bogazici University as a computer engineer and holds an MBA from Columbia Business School.

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Top 7 Azure Scheduler Alternatives In 2023

Job scheduling benefits include:

Improved productivity and efficiency in process management 

Correct sequencing and execution of workflows 

Enhanced visibility and control over task execution and progress. 

Azure scheduler is a cloud-based service from Microsoft that can offer these benefits by running jobs on a centralized and flexible platform. However, it is not easy to decide whether to choose Azure scheduler since it has many competitors:

There are 12 market-leading IT automation software

There are more than 20 IT automation solutions

Such a complex landscape might slow down technology leaders’ decision-making process before picking a solution. Therefore, this article will review Azure Scheduler and compare it against its alternatives. 

7 Azure scheduler alternatives

While deciding Azure Scheduler alternatives, we have taken into account: 

Number of B2B reviews: B2B reviews provide insights into the adoption rates of these tools and aid in gaining a better understanding of their strengths and weaknesses. 

Number of employees on LinkedIn: The employee count serves as an indicator of a firm’s revenue and overall success since more successful companies tend to hire larger teams. As a result, we excluded vendors whose LinkedIn profiles listed less than 10 employees.

The table below shows the total number of B2B reviews pulled from sources like Gartner, G2, Trustradius and Capterra as well as the average ratings and average ease of use scores they receive dfrom users. It is sorted in descending order for number of B2B reviews with the exception of the products of the sponsor of this article: Redwood Software.

SolutionRatingsTotal number of reviewsEase of Use ActiveBatch4.52598.7 Redwood RunMyJobs4.71749.3 JAMS scheduler4.52048.6 Azure Logic Apps4.31878.4 Control-M4.11598.8 Azure Scheduler4.31528.6 VisualCron4.7188 Flux4.24NA Robot Schedule4.51NA Activeeon ProActiveN/A0NA

If you prefer more comprehensive version of this comparison, you can:

Check out our data-driven and constantly updated enterprise job scheduler list.

Compare more vendors through our data-driven workload automation technical leaders guide.

Azure Scheduler Review

Azure scheduler was retired in 2023 and has been replaced with Azure Logic Apps. Logic Apps provide scheduling functionality along with additional features like a built-in support for tracking, alerting and logging. In our review and comparison, we evaluated both tools.

Figure 1: Azure Logic Apps user review

Pros:

Easy integration: Reviewers rated Azure logic apps’ capabilities for easy integration to be 8.9/10. They also rank easy data integrations as 8.6.

Figure 2: Azure logic apps integration and management capabilities on G2.

Cons:

Dependency on Azure: Azure Scheduler is tightly coupled with the Azure platform, which means it may not be the ideal choice if you have a multi-cloud or hybrid environment that includes non-Azure components or services.

Limited external integration: Azure scheduler may struggle with integration to external systems due to limitations.  

Lack of troubleshooting: Some reviewers mentioned the difficulty to troubleshoot the issues (See Figure 3). Azure Logic app users also complained about debugging and troubleshooting complex workflows (See Figure 1). 

Figure 3: Azure Scheduler user review

Top 4 Azure scheduler alternatives

In our detailed comparison, we decided to focus on the market leaders. Therefore, we focused our comparison on top alternatives.

Number of B2B reviews are correlated with market shares and therefore we chose to focus on the top 4 Azure Scheduler alternatives that have accumulated over 100 reviews collectively across reputable review sources such as G2, Gartner, Trustradius, and Capterra.

1. ActiveBatch 

ActiveBatch is a comprehensive workload automation and job scheduling platform that allows users to automate and manage complex business processes, workflows, and tasks across diverse systems and applications. 

Figure 4: Azure Scheduler vs. ActiveBatch WLA

Ease of use: ActiveBatch performs slightly better than Azure Scheduler considering the ease of use (See Figure 4).   

Quality of support: Reviewers score ActiveBatch higher than Azure Scheduler for quality of support they receive (See Figure 4).

2. Redwood RunMyJobs

Redwood RunMyJobs is a full-stack automation platform that can connect to various environments and applications. 

Figure 5: Azure Scheduler vs. Redwood RunMyJobs

Ease of use: Redwood RunMyJobs have the highest score for ease of use among all Azure Scheduler alternatives (See Figure 5).   

Quality of support: Reviews indicate that Redwood delivers a higher quality of support than Azure Scheduler (See Figure 5).

3. JAMS Scheduler

JAMS is a job scheduling and workload automation software with native integration to various systems and applications, such as SAP.  

Figure 6: Azure Scheduler vs. JAMS Enterprise Job Scheduler

Ease of use: JAMS scheduler and Azure Scheduler receive the same average for ease of use. Yet, JAMS scheduler has a higher number of reviews. (See Figure 6).   

Quality of support: JAMS scheduler has the top quality of support score among all Azure scheduler alternatives (See Figure 6). 

Learn more on JAMS Scheduler and its alternatives. 

4. Control-M 

Control-M is a workload automation software that can automate and manage complex workflows across IT infrastructure. 

Figure 7: Azure Scheduler vs. Control-M

Ease of use: Control-M has a slightly higher ranking for the ease of use than Azure Scheduler (See Figure 7).   

Quality of support: Control-M obtains higher score than Azure Scheduler (See Figure 7).

Discover pros and cons of Control-M and compare it to Control-M alternatives.  

What are Azure scheduler alternatives on other cloud providers?

In the lists above, we focused exclusively on products that could replace Azure scheduler. However, if you are making a decision about your cloud platform and analyzing different cloud providers’ toolkits to aid your decision, you may want to know about tools that perform similar functions to Azure scheduler on other cloud providers. 

These tools are:

Amazon MQ: It is a fully managed message broker service offered by Amazon Web Services (AWS). Amazon MQ enables separate and reliable interaction and communication between various applications. It supports popular messaging protocols such as MQTT, AMQP, and STOMP, making it easy to integrate with various systems.

Google Cloud Pub/Sub: It is a messaging and event-driven service provided by Google Cloud Platform (GCP). Google Cloud Pub/Sub allows users to build and integrate scalable communication between independent applications.

IBM MQ: BM MQ, previously known as IBM WebSphere MQ, is a messaging middleware that facilitates the exchange of messages between various applications and systems. 

Transparency statement

AIMultiple serves numerous technology vendors, including Redwood which provides Active Batch, RunMyJobs, and Tidal.

Further reading

Compare other Workload automation and job scheduling tools and their alternatives:

If you need more help with listing, you can always:

Hazal Şimşek

Hazal is an industry analyst in AIMultiple. She is experienced in market research, quantitative research and data analytics. She received her master’s degree in Social Sciences from the University of Carlos III of Madrid and her bachelor’s degree in International Relations from Bilkent University.

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7 Best Gst Billing Software In India (2023)

Billing software helps you create professional-looking invoices, file GST or tax returns, manage expenses, inventory organization, multi-currency handling, banking support, unpaid invoice reminders, accounting services, and more. Some of the best online billing software allows for a streamlined working experience reducing the burden on you and ensuring proper account management.

Many billings software is available in India, so you’ll need to consider various factors before selecting one. Following is a handpicked list of Top Billing Software in India with the most popular features, pricing info, and website links.

Best GST Invoicing Software

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1) Zoho books – Best for Integration with a variety of financial apps & services

Zoho Books is GST-compliant billing and invoicing software that allows a smooth billing process for businesses. Its tools will enable you to create GST-compliant invoices and quickly support managing GST input credit. You can quickly see your GST billing data and calculate your GST liabilities for on-time tax fillings.

Features

Track projects and their progress or status

Supports taking payments via SWIFT and various other payment methods.

Get scheduled reports and real-time access data for your business.

Supported platforms: Cloud, Web, Android, iOS, Windows, and macOS

Inventory management: Yes

Expense management: Yes

Online banking integration: Yes

Invoicing: Yes

Multi-currency support: Yes

Why is this software best for integrating various financial apps and services?

Zoho Books is the ideal retail billing software that provides many services, including accounting and billing. It easily integrates financial apps and services like Office 365, G Suite, PayPal, Razor Pay, and more.

👍 Pros 👎 Cons

Automatically fetches bank transactions and uses them to manage the accounting. Lacks 24/7 customer support

Allows you to rapidly get historical data for all transactions and locate every modification made to your books.

Supports easy collaboration with team members on projects and accounting.

Provides the broadest range of billing plans for meeting the needs of all businesses

Key Specs:

Free trial: Yes – 14 Days Free Trial

2) FreshBooks – Best for Automating daily accounting activities

FreshBooks billing and account facilities allow you to create professional invoices in no time effortlessly. It supports over 100 app integrations. This billing software also lets you easily add your branding and custom styles to your invoices.

FreshBooks accounting software has features like automated invoicing, easy payment options (like Credit Card and ACH), payment tracking, payment reminders, expense tracking, etc.

It tracks expenses and GST billing charges and arranges them in easy-to-understand reports. You can use its desktop and mobile apps to easily customize your invoice with easy-to-use tools. It has features to make team collaborations reasonably easy.

Features

Allows sending estimates and quotations to clients

Provides a client portal to help clients see all their transactions with you

Built-in support for recurring payments

Allows configuring schedules for late fees

Supported platforms: Cloud, Android, iOS, Windows, macOS, Linux, and Unix

Inventory management: Yes

Expense management: Yes

Online banking integration: Yes

Invoicing: Yes

Multi-currency support: No

Why is this the best software for daily accounting activities?

FreshBooks is one of the best accounting software for financial activities, expenses, billable time tracking, financial reporting, etc.

👍 Pros 👎 Cons

One of the best customer supports across all billing software in India. Lacks multi-currency support for invoices

Flexible pricing plans for meeting all customer needs

3rd party integrations can be used to create automated workflows to save your time further

Allows sharing invoices via simple links

Key Specs:

Free trial: Yes – 30 Days

3) myBillBook – Best for Creating GST & non-GST bills

MyBillBook is a billing and invoicing software that tracks business performance through extensive data-driven reports. You can use it to send automated payment reminders to your customers, ensuring timely bill payments.

It provides tools for inventory management with support for inventory tracking and low stock reminders. One of its standout features is its ability to seamlessly manage and track your business activities with fast automatic syncing between desktop and phone. Moreover, your data automatically gets backed up whenever your device has internet access.

Features:

Works in multiple languages (Hindi, English, Tamil, Gujrati)

Allows sharing invoices via WhatsApp and SMS

Helps digitize business operations, invoicing, and accounting.

Provides tools to share quotations and estimates

Supported platforms: Cloud, Android, and Windows

Inventory management: Yes

Expense management: Yes

Online banking integration: No

Invoicing: Yes

Multi-currency support: Yes

Why is myBillBook the best software for creating GST and non-GST bills?

myBillBook supports billing with proper taxation support and custom fields like vehicle number, E-way bill, etc. It allows users to analyze GST bills using Business reports quickly. These reports are instrumental in business decision-making.

👍 Pros 👎 Cons

Provides tools for generating GST reports, P/L statements, party ledgers, and more. Lacks support for integrations with other apps and services

Allows taking payments through UPI

24/7 customer support through WhatsApp, call and chat

Automatically takes up a backup of all data whenever the internet is available.

Key Specs:

Free trial: Lifetime Free Basic Plan

4) Vyapar – Best for Lifetime free of cost invoicing features

Vyapar is billing software that allows you to create customizable bills, collect payments, and efficiently manage business expenses. You can use easy integrations with your bank account to manage your transactions through the Vyapar app. It also simplifies sending money and allows for easy bank-to-bank transfers making it one of the best free invoicing software in India.

Vyapar is a free billing and invoicing software that also supports inventory management. You can use its billing tools to ensure your invoices are GST compliant. This billing and invoicing software allow easy quotations, budgeting, and invoice sharing. Its desktop app will enable you to monitor stock levels in real-time. It also allows you to generate invoices with many different themes.

Features

Helps you to fill GST, VAT, TDS, TCS, and many other taxes

Built-in support for currency management

Allows taking data backups locally or on Google Drive

Supported platforms: Cloud, Web, Android, and Windows

Inventory management: Yes

Expense management: Yes

Online banking integration: Yes

Invoicing: Yes

Multi-currency support: Yes

Why is this the best free invoicing software?

Vyapar provides users with a lifetime free billing software of the Vyapar app with many features. Its free plan is the best for small businesses with support for invoicing, inventory management, dashboards, tracking, and GST accounting.

👍 Pros 👎 Cons

Allows setting up an online store detailing your products and services No mobile app available for iOS

Provides Lifetime free billing software with a lot of features

Ensures easy inventory planning and business management to plan for the future

Supports offline billing in application

Key Specs:

Free trial: Lifetime Free Basic Plan

5) Tally Prime – Best for Managing multiple business functions like accounting, invoicing, and banking

Tally Prime is one of the best billing software to create invoices and manage business functions. Customizable reports allow you to evaluate the company on various parameters. It gives you very insightful data-driven reports about multiple aspects of your business.

Tally Prime accounting software helps you optimize cash flow with many features to ensure timely client payments. Its Prevention, Detection, and Correction Technology ensure that your accounts are in the best condition for tax compliance. This billing software also provides barcode and QR code integrations in the invoices.

Features

Provides API to integrate with other apps and services

Enables generation of digitally signed QR codes

Allows easy access to data from anywhere via a web app

Supported platforms: Cloud, Website, Android, and iOS mobile app

Inventory management: Yes

Expense management: Yes

Online banking integration: Yes

Invoicing: Yes

Multi-currency support: Yes

Why is this the best software for business functions like accounting, invoicing, credit taxation, etc.?

Tally Prime accounting software has various features to improve business functions. You get multiple tools for managing payment timelines, easy stock management, optimization of improvement in cash flow, and easy tax compliance.

👍 Pros 👎 Cons

Provides 24/7 customer support to all users Lacks cloud-based software syncing support

Offers lifetime purchase payment model

Automatically sync your books with your bank statements

Simple, easy to use, yet highly customizable user interface

Key Specs:

Free trial: Yes – 7 Days

6) QuickBooks – Best for creating, sending, and scheduling customized GST invoices

QuickBooks accounting software provides users with features like invoicing, accounting, payroll management, expense tracking, tax management, and much more. It allows quickly adding and managing customers/clients in invoicing. You can enable multi-currency transactions and integrate popular payment gateways into your bills.

You can customize professionally designed templates for your bills. This accounting software supports multi-user login access and collaborations. It allows building integrations with access to open APIs. You can access detailed analytics, business parameters, GST audits, and reports.

Features

It maintains proper database backups for redundancy.

Provides custom invoicing with integrations of WhatsApp and email

Easily import and export data for Excel and various other platforms

Supports partial payments and recurring payments

Supported platforms: Cloud, Android, Windows, and macOS

Inventory management: Yes

Expense management: Yes

Online banking integration: Yes

Invoicing: Yes

Multi-currency support: Yes

Why is this the best software for sending and scheduling customized GST invoices?

QuickBooks allows the creation of unlimited, customizable professional-looking GST invoices. It also tracks pending invoices and provides scheduling bills quickly. This billing software will also remind your customers of unpaid invoices.

👍 Pros 👎 Cons

Simple, easy to use, and beginner-friendly UI Below-average customer support experience

Provides tax reports that make GST billing and filing very easy

Sync bank statements with business books and filings

Easy inventory management tools for all users

Key Specs:

Free trial: Yes – 30 days

7) Cleartax – Best For Quickly filing tax returns and making/sending invoices

Cleartax is the ideal invoice billing software for small businesses that provides integrations with most ERPs and ingests data quickly. This billing software will enable you to create, print quickly, and manage your bills. It also allows you to choose from various custom templates for invoices. Cleartax uses 200+ validations to ensure your accounts are correct.

Features

Uses 128-bit SSL encrypted security to protect user data

Provides tools to collaborate with team members easily

Aggregates financial data and tax-related information to assist customers in the buying process

Allows up to 8 years of audit trails on your financial data

Supported platforms: Cloud, Web, Android, and Windows

Inventory management: Yes

Expense management: Yes

Online banking integration: Yes

Invoicing: Yes

Multi-currency support: Yes

Why is it the best software for filing tax returns and making/sending bills?

Cleartax has efficient tools to speed up the filing of income tax or GST returns. Its billing and accounting software for small business houses provides built-in tax consultants for ITR/GST fillings and legal compliances.

👍 Pros 👎 Cons

You can easily scaled to meet your business needs Very high renewal prices

SSL, 2-factor authentication, and modern storage security standards ensure the complete safety of your data

Webinars and learning resources help you learn the fundamentals of GST for invoicing

24/7 customer support with fast and valuable responses

Key Specs:

Free trial: Yes – 30 Days

FAQs

Billing software helps small and medium businesses design professional-looking invoices very quickly. The best billing and invoicing software have features to manage your taxes, create recurring payments, remind customers of unpaid invoices, and more.

It also saves your time, maintains financial records, and ensures faster gains from your clients. Some online invoicing software may support recurring payments, GST calculations, proper invoicing, and business reports/statistics.

Following is a list of the best billing software in India:

Zoho Books

FreshBooks

myBillBook

Vyapar

Tally Prime

Today, the best billing and invoice software comes with various features. You must select the best Indian billing software based on your needed parts.

Here are some important considerations for selecting the best Billing software in India:

Tax Management: Involves financial planning to manage tax obligations and minimize the taxes paid while complying with the Income Tax Law.

Inventory Management: The process of ordering, storing, using, and selling the inventory while maintaining sufficient reserves of raw material, components, and completed product management.

Invoicing: Invoicing is the process of making an invoice sent to the buyer to collect payments. It contains costs of products, charges, and details like buyer and seller’s name, address, etc.

Expense Management is the system of processing, paying, and financial accounting for the employee-initiated expenses in a business.

Best GST Invoicing Software

Top 7 Ai Challenges & Solutions In 2023

According to Gartner, 85% of all AI projects could fail by the end of 2023. 

The figure stated by Gartner might not be completely accurate; however, based on our discussions with businesses, it has become clear that most AI projects fail to achieve the projected benefits.

In this article, we outlined the top challenges of AI development and implementation, as well as recommendations to overcome those challenges to help business leaders increase the chances of success in their projects.

Challenges while developing AI

This section highlights some challenges developers face while building AI/ML models.

1. Improper data preparation

Data is one of the most crucial elements of the AI/ML building process. The better the data, the more accurate the AI model will be. Developers can face the following challenges while preparing the dataset:

Determining the right dataset can be challenging since the developer needs to consider the scope of the project, the matching dataset, and the sourcing method. 

The more complicated the AI/ML model, the larger the dataset may need to be. Collecting large-scale datasets can be expensive. 

Recommendation: Review your data and leverage data collection methods

Improving data quality is critical. If you don’t have sufficient data for machine learning, these are the potential solutions:

You can also check our data-driven list of data collection/harvesting services to find the best option for your project.

2. Training issues

Model training issues are another reason why AI projects fail. Training is important because it tells the AI/ML model what to do and how to do it, making it one of the most crucial stages in the whole process. 

Recommendation: Use the latest ML approaches and AI training best practices to avoid over/underfitting

2.1. AI under/overfitting

A model is considered under-fitted if the model is not trained enough. Overfitting can occur when the model is trained so much so that it memorizes the data rather than learning from it. 

Recommendations: Avoid Under/overfitting

These issues can be avoided in the following ways:

Expanding the dataset

Stopping the training at the optimum level (Check the link below to learn more about the optimum level)

Leveraging data augmentation

Simplifying the model

3. Avoiding bias

These issues can significantly impact the performance of the AI model. A machine learning model is considered biased when it provides accurate results for one set of data and inaccurate for another. For instance, in 2024, Amazon’s AI-enabled hiring system was found to be biased against women and favored men for certain jobs. 

Recommendations: Reduce AI bias

You can also consider the following ways to reduce AI bias:

Fathom the algorithm and data

Establish a debiasing strategy

Improve human-driven processes as you identify biases in training data

Decide on use cases where automated decision-making should be preferred

Follow a multidisciplinary approach

Diversify your organization

Adopt a data-centric approach to minimize bias

Learn more about AI bias and how it can be avoided.

Challenges while operationalizing AI

This section includes some challenges of implementing AI in your business and how to overcome them.

4. Lack of business integration

Integrating new machine learning models into your business applications and systems can be a complicated process, and without such integration, models do not deliver any value.

Recommendations: Plan for operationalization

Business managers can consider the following factors prior to implementing AI-enabled solutions:

The compatibility of the business’s infrastructure

Method of data storage in the business

Data input/transfer process

Data security & protection

The level of digital dexterity in the business

If the company can not afford the costs connected to implementing the AI mode, it can consider AI-as-a-Service.

5. Lack of business alignment

According to Gartner, by 2024, 50% of AI investments will be quantified and linked to specific key performance indicators to measure return on investment.

Any investment decision that is not tied to KPIs and does not have a clear ROI shouldn’t be made. It looks like Gartner’s clients lost sight of that during the hype days of AI, but we expect this basic business sense to come back and businesses to focus on results rather than new technologies.

Some may argue that benefits are hard to measure and ROI calculations take time. In our experience, if the benefits are clear, businesses can move fast quickly. It doesn’t matter if a project has 300% or 500% ROI; both of those are amazing returns, and businesses should focus on projects with clear ROI rather than scrutinizing the ROI of barely impactful projects. 

Recommendation: Inform business leaders about AI use cases

Identifying business cases for AI applications requires managers to deeply understand current AI technologies, their limitations, and the processes of their divisions. This facilitates business and tech alignment. To learn more, check out our comprehensive article on process mining. As with any nascent field, the lack of AI knowledge in management hinders adoption in most cases.

Recommendation: Talk to your peers before purchase, and if you can’t, limit the investment

Another malaise for emerging technologies is hyper optimism, leading teams to work without clear ROI tracking towards unrealistic goals. By extension, AI can also suffer from this as managers can fall into hyper-optimism after reading unrealistically optimistic studies promoted by vendors and feeling that they are falling behind the curve.

6. The difficulty of accessing the talent

The AI talent war has been excessively reported. In the current market, there is a gap between the demand and supply of AI talent. One of the reasons for this imbalance is the spread of AI-enabled solutions to almost every department in the business. From sales to marketing, everyone is using AI-enabled tools. This requires hiring more AI talent, which can be expensive.

Recommendation: Rely on no code AI and an improved current employee experience

Enabling citizen data science can reduce the workload for data science teams, enabling companies to focus their hiring efforts.

Companies can improve the employee experience, which will also help with retention and hiring, and opt for reskilling and upskilling their current workforce you can:

7. The difficulty in assessing vendors

While tech procurement is challenging in any emerging field, AI is particularly vulnerable because:

A large number of non-AI companies engage in AI washing, 

Some AI companies exaggerate their achievements, 

And businesses do not know exactly how they will ultimately use AI effectively in their business.

It is hard for managers to identify the areas they need to work with AI vendors and identify leading vendors. On this front, we have worked to help corporations.

Recommendation: Clarify where and why you need AI in your business

The following article explains in what areas of your business AI can be implemented:

Check out this comprehensive article to learn about 100+ AI use cases & applications.

You can also check out our data-driven lists of AI platforms, consultants, and companies to find the option that best suits your business needs.

Further Reading

If you need help finding a vendor or have any questions, feel free to contact us:

Cem regularly speaks at international technology conferences. He graduated from Bogazici University as a computer engineer and holds an MBA from Columbia Business School.

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