The Next Normal Pressures Enterprises to Speed Up Digital Transformation | Finance Magnates

Advertisement

BEGIN ARTICLE PREVIEW:

The coronavirus pandemic has drastically changed the global business landscape. If just a few months ago businesses can still hedge on going digital, the same can’t be said today.Lockdowns and physical distancing restrictions quickly drove consumers to online shopping. Remote work has suddenly become the norm.The Most Diverse Audience to Date at FMLS 2020 – Where Finance Meets InnovationCompanies that haven’t prepared for the digital shift and those that aren’t flexible enough to adapt have been exposed as sitting ducks by the crisis.For example, a number of retailers that relied mainly on their brick and mortar presence have filed for bankruptcy. Only 22 percent of companies also claimed to be ready for mass remote work prior to the pandemic.The rest simply had to absorb the disruption to their operations as they scrambled to set up the infrastructure needed for employees to work from home.The effects of the pandemic are expected to last for years to come. As such, enterprises must prepare for the next normal if they expect not only to weather the crisis but to succeed in a post-COVID-19 world.Considering how technology has become the difference maker for businesses that are thriving in …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE