People were obliged to spend time indoors because to the global pandemic, which led them to turn to online outlets. Everything was being done online, whether it was for employment, school, or shopping. As a result, businesses had to swiftly adjust to the shifting environment and provide more digital products for their clients. Organizations also have to develop effective solutions for remote working in order to maintain the productivity and efficiency of their staff.
The digitalization of businesses' internal operations and connections with their customers and supply chains has advanced by three to four years, according to the McKinsey Global Survey of executives. Additionally, their portfolios' inclusion of digital or digitally enabled solutions has increased by seven years. According to a survey conducted by Deloitte and Fortune Magazine, 77% of all CEOs claimed that the COVID19 pandemic sped up their plans for digital transformation.
Organizations were required to reevaluate their existing capabilities and modify them in light of the COVID19 pandemic. Let's use video conferencing as an illustration. Although this technology has been there for a while, it took the pandemic for businesses to recognize its full potential. Everyone's life now include video calls on a regular basis. Video conferences have been used for everything from key business meetings to children taking classes online. Even the healthcare sector is fully utilizing video conferencing, with patients frequently having online doctor consultations.
Although the quick pace of the digital transformation was driven by necessity, it is greatly improving the safety of both employees and customers.
The digital transformation was accelerated by COVID19 in what ways?
Boston Business School has always been at the forefront of innovation and now it has become a pioneer in online education with its COVID19 program. The program provides an opportunity for students to access lectures and other course materials from anywhere, anytime, on any device and at any pace.
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