Just when the world thought they have advanced and reached moon, probably even bought land on moon...Universe smiled and said
"Hello, COVID-19!"
But, on a second thought, as spirituality teaches us,
“God First Gives Us Strength to Face a Difficult Times Silently, Then Places That Situation Where We Put That Strength to Use”
How else would you explain the blessing we got two decades ago, called the Dot Com Bubble? The disruptive times when many well established companies were taught to upgrade themselves and build their business with support of technology. Many criticized and cribbed of technology being responsible of taking away their jobs. The ones who survived this boom were they who adapted and learnt new ways.
Coming to the recent times of India, just merely four years ago, our Prime Minister Shri. Narendra Modi introduced most disruptive policy on night of 8th November, 2016 - Demonetization. India as a nation was divided in two - Modi Bhakts and Modi Critics. Sooner than we thought, this policy ensured high market penetrations of businesses like Digital Payments. Today, 4 years later, even most modest vegetable vendor or roadside tea stall have their UPI IDs.
It was only for these disruptive times, that Businesses of modern contemporary world coined the term “Digital Transformation” in 2012 that soon became a global phenomenon for businesses where data, software, and devices are used to update how they operate, manufacture, and market products and services. Wasn't that all blessing in disguise?
Today, with harsh times of social distancing, it is only social and digital platforms that are bringing these businesses closer to their esteemed customers. Corporates are swiftly adopting the concept of Business Process Re-engineering to enhance their digital strategy and maximize their customer success metrics. Ground-breaking practises across all industries like AI & ML, Cloud Adoption, RPA, Analytics and many advance mobile applications have found their strong foothold for building lifetime loyalties with customers.
Just like, every adversity is an opportunity in disguise, COVID 19 is too becoming an opportunity for businesses to cut down their costs and look forward for ROI-driven business strategies to provide value by optimizing their remote monitoring operations for fad of the year "Work From Home".
The Digital Awakening will only give that breakthrough and competitive advantage to bring you closure to ways to mitigate the risks and challenges of these tough times. Since we cannot have “one size fits all” approach for managing businesses, it is only source of bringing the best of the hopeless situations. New ways, new tools, new platforms for businesses is way to go!
13 comments:
A nice crisp insight on digital transformation n it's imminent impacts
Thank You for sharing your thoughts! :)
Nicely expressed digital transformation @ COVID 19.It has also reflected strong faith and positive energy of troublesome occasions Keep it Up dear, Good luck
Great piece, setting the right tone to define markets and finding newer & sensitive ways to communicate during this time will be revolutionary! While, ML & AI show a glorious future, i am keen to see how business strategies play a role to address what's in the near future. :D
It's very well composed and explained in a structured format.I am really looking forward for how businesses are going to cope with things after COVID-19. The business world is never going to be same. We just have to adopt to those situations. Keep up the good work
"Quality is better than quantity" Well structured and crisp. Good start,waiting for more thoughts around #digitalawakening.
Perfect piece which should now motivate people towards digital transformation. Big thumbs up!! (Y)
Great stuff
Thoughtful and Well written... Keep it up ��
Excellent work. Keep it up.
Thank You Sonia Ma'am, Arya, Parag, Vivek Sir and everyone who have shared their views as Anonymous for your kind words and grateful for the encouragement received. I hope to engage you with more such meaningful blogs in future. Keep Reading :)
Good insights into DT with a unique perceiption of facing challenges as an opportunity to grow and improve. Looking forward to such great insights.
Nice and informative blog! Your blog provides information about many new and innovative technologies. Thanks for sharing the blog and providing information about something new.
Digital Transformation
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