The effect of the novel coronavirus (COVID-19) pandemic has accelerated the need for companies to transform and respond with extensive digitalization. There was a drastic change in customer behavior and market risks that enable companies for this mass movement. As a different world takes place, digital master plan and long-term strategies are in need for re-assessment to cope up with the new normal.
The COVID-19 outbreak caused closedown at almost all physical offices around the world. Many companies shifted to working remotely to cope up and remain at the top of their game. Massive movement to digitalization greatly influenced not just the productivity of the company but also of its employees.
Singapore Digital transformation strategy became essential to help companies maintain stable operations even under highly adverse circumstances brought by the novel corona virus. Pursuing digital transformation is becoming mandatory not only to be competitive but also to survive and be resilient during the pandemic.
However, not all are ready for digital transformation. There are businesses that are hesitant when it comes to digital transformation. Some employees do not understand the value of having the right digital tools to get the job right. Given the current situation, they have to embrace the technological advances brought by this digital transformation if they do not want to take a toll on their business and job.
For businesses to endure the effects of the novel coronavirus and remain sustainable for the long run, appropriate digital master plan and digital transformation strategy is necessary. In strategizing of digital transformation plan, critical assessment of which digital tools the employees need to get the job done efficiently. Integration of new technologies into the workflow is beneficial to generate output given the constraints in the revenue.
The paralysis effect of the novel coronavirus started to transform the business world technically and literally. This pandemic did not just change how many companies operate their day-to-day business, but it also shed light to digital transformations. Businesses need to advance their digital transformation strategy to remain viable throughout this crisis or else they risk their very survival.