A Resilient Future: Time to Survive the COVID Business Impact and Reach for the Digital Buoy!
Author: Rosan Yanisce Ferrer
It’s hard to stay afloat when everything else is sinking.
COVID-19 pushed businesses to their limits – and size wasn’t a determining factor whether they are thriving or not. Your organization is not exempted as the waves of this crisis come crashing in. The shift to the digitalization of operations became the forefront of businesses to stay afloat as the economy began to sink due to the restrictions that were imposed by the government. Without a doubt, digital transformation is needed now more than ever. A digital-led recovery is vital to establish business resilience.
Digital Buoy: Navigating Your Business toward Resilience
Source: Woods Hole Oceanographic
If you have been in the middle of the ocean, you might have noticed a floating machine, a buoy, which plays a vital role in making accurate forecasts for weather, waves, fishing, and other recreational activities. Today, as businesses strive their way towards recovery, we can conclude that the acquired Digital tools and platforms are the buoy of the organization.
Many businesses today are still thinking twice when it comes to investing in their Digital Transformation journey. Most of the time, they see it as an expense rather than an investment which is why there is always a delay in acquiring and adapting to these kinds of innovation. One of the things that business owners must understand is the numerous challenges that the DX investment solves.
Forecasting Future Challenges – The DX Solution
An important business challenge that must be addressed at this time is the inability to foresee the future of their operations especially when a similar crisis like COVID-19 re-emerges. Once organizations acquire a system that can enable them to operate against disruption, it is where business resilience is accomplished. Forecasting is an indispensable component in business that enables wiser decision making.
Effective and accurate forecasting can only be achieved with the right IT tools and platforms as businesses begin to embrace Digital Transformation (DX). The entire organization must be ready for innovation as the starting point of a much bigger movement that involves every moving arm of the organization. Investing in the right IT tools and platforms will pave the way for digitalization that can be the gateway to recovery and continuity of business operations. Making wiser business decisions will be seamless with ample data and insights that are visible anytime and anywhere.
ITG is your business technology expert that will help you stay afloat for Business Survivability. With your BCP in place, we want to make sure that you have the right tools to achieve resiliency for future disruptions that might come your way.
Today, we can help you survive strategically and act quickly to overcome the business crises. Let’s discuss how you can digitally emerge stronger with BCP.