The COVID19 outbreak has changed the world faster than anyone could have imagined.
Forced isolation has shifted meetings and activities to go on through web collaboration tools.
Arguably most importantly, the virus has ground the entire economy to a halt. For some industries (travel, retail, food services, fitness), unemployment is already rampant, and for more remote-friendly industries (tech, media), work may go on, but sales are slowed or frozen, and receivables less likely to convert to revenue than ever.
The downsides of the virus are easy to see – but business and public sector leaders are forced to think about the silver lining. Not just how they can survive this downturn, but how they can emerge stronger and more resilient from the rubble.
Some firms will say that they just don’t have any time to think about technology strategy.
In the next two weeks, that may be true. But over the coming month, differences in technology focus will come to define the future of entire industries, and will separate the relevant from the irrelevant.
- Innovation and strategy leaders who can communicate with company leadership and use new data and perspective to drive new initiatives will find a way forward through the crisis.
- Consultants who can actively inform their clients about smart technology and AI use-cases in this crisis will be able to stay relevant.
- Companies who slowly get back to the same “business as usual” will be outmatched by firms who have found new ways to drive efficiencies and new ways to serve customers (i.e. by firms who have taken this crisis as an opportunity for vital strategic change).
The original article can be found here.
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