Authored by Mr. Agnelorajesh Athaide, Chairman, St. Angelo’s VNCT Ventures
Technology has been an accelerator for international business, for the past few years. From Start-ups to MNC, all are in different levels of technology adoption, in accordance with their immediate needs and capacity. However, the COVID-19 pandemic and the resulting lockdown has brought a unique focus back on the urgent need to adopt digitization and modern technology tools to not only get through the pandemic but to also sustain a competitive market and be prepared for future crisis.
As a result of this focus, there is a sudden interest among businesses of all sizes, to create a robust technology infrastructure for themselves which can be helpful in case of a future crisis. And the post lockdown era is going to see a rapid increase in key technology solutions by these businesses. These would mostly address the need for solutions that aid secure remote working access, secure source of data exchange, and provide agile solutions. In line with this, here are 5 key solutions that are set to be popular in the Post COVID-19 business environment:
While the world economies are grappling with the fear of an impending slowdown, business processes in a post-COVID-19 era are going to be strongly driven by the 4th Revolution. While most SME’s and MSME’s had been looking at adoption of new-age technology as an ‘out of league’ or a ‘future’ investment, the pandemic has accelerated the need for early adoption, with hopes of a sustainable business during the lockdown and generating higher ROI in the long run. Be it automation, CRM, ERP, IoT or ML, most businesses will a looking at a well-planned strategy to scale up and be a technology-enabled, highly productive, next-generation business.