Covid-19 a catalyst for Digital Transformation
Mankind is trying to figure out ways to fight and control the pandemic that has hit the world causing tens of thousands getting sick and thousands to be dead and numbers are only rising till this minute.
According to Richard Kozul-Wright, Director, Division on Globalization and Development Strategies at UNCTAD, it is predicted the pandemic would cost the global economy around 1 trillion$ according to just for this year.
So while the Human tragedy is yet to come to an end, businesses must explore new ways to go about things both within internal operations or by adapting new business models within their respective markets to be able to survive and support their employees and clients.
A case for digital transformation :Businesses , Governments and societies believed that we are ready to operate effectively in a similar crisis, yet it’s clear now that we were far from being prepared. The outbreak of coronavirus (COVID-19) pandemic has shown the value and effectiveness of various technology solutions to ensure continuity of business and enterprises that have undergone their digital transformation journey have been the least affected. Collaborative office, Video conferencing, remote customer management & support have been on top of the technology solutions that lead businesses to carry on with operations during the crisis. As the community goes through the crisis trying to fight and contain, additional digital forms of services will be required especially in the undeveloped countries. Digital payments, Contactless delivery, Online goods ordering, Online education and many others.
Are we Digital-Transform Ready?!Many companies have had work from home policies implemented for years, some of which are more mature than others as talent becomes distributed around the globe, there is no need to make the case for remote work.
Is the majority of the workforce “remote-work” ready?Such a dramatic shift in how businesses must operate to survive requires the right mindset, processes, and tools. Understandably, most businesses lack those enables their workforce to be as effective during such times. The business pandemic extends not only just to the workforce but how core business operations is being set. while workers and employees will be able to adapt to the new norm, the fact that companies may not be set with the required infrastructure, access policies, Data access and compliance that is geared for such use cases. Businesses that are not cloud native by design or haven’t factored in cloud strategies as part of their Digital transformation might suffer a lot in the coming weeks or months as they try to accommodate for the new norms. Digital transformation is not about the tools or digitizing processes, but more of a change mindset top to bottom within an organization to ensure a business is scalable, reliable and able to function in a healthy mode regardless of how changing this fast paced world. So are you Ready to do what it takes to get your businesses to survive?!
The Future is now.While the dust hasn’t settled yet, the fact is different businesses and markets will have to accommodate to new ways to conduct business not sure to ensure the safety of their workforce but to remain in businesses and serve their community and customers.
- Telehealth and Telemedicine
- Virtual Events
- Online & Remote education
- Collaboration and Remote workforce