Coronavirus has proved that nothing is more potent than the crisis, which can emerge out of nowhere and can become uncontrollable. The way the Covid-19 crisis has affected the businesses, human lives, and overall balance of the world; it is evident that one should always be prepared for emergencies and invest in the firm foundation of the organization.
Things Coronavirus has taught the IT companies: Everlasting lessons on Exigency Planning
There are several everlasting lessons Coronavirus has taught the IT companies across the globe. Here are some of the significant lessons.
1] Digitalization is necessary
It has been evident that the organizations need to move towards digitalization in the changed scenario. Digitalization is the only way forward in the coming times, as the companies need to mobilize and update their infrastructure with high capabilities. Experts have already foretold that industries will be disrupted by the latest technologies like AI, Deep Learning. Automation is imperative to keep businesses running.
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2] Remote Connectivity is Important
The IT companies need to instantly upscale themselves and their workforce to be able to work remotely in a seamless manner. For this, software like Microsoft Teams should be well implemented. The organizations also need to train their employees on managing time and resources while they connect from home. Work from home should not hamper the productivity and strategic output of the employees.
3] Human Values and Empathy is of utmost importance
As humans, we all need to share an emotional connection that is beyond the material. The coronavirus crisis has shown that empathy and care for others are essential to surviving in troubled times. Companies and biggest tech giants coming together with competitors to fight the coronavirus crisis together is the most persuasive example that businesses cannot run without human empathy. The industries have shown collaboration and more understanding in the wake of the coronavirus crisis.
4] Work from home is the Next Big Thing
One of the key lessons, which the IT companies should remember, post the Covid-19 crisis. The unanticipated circumstances and limitations posed by the Covid-19 virus have challenged the way most companies work. The companies cannot rely on their campuses and work locations for all the operations. The enterprises now need to invest in remote working capabilities, which include facilitating the workforce with equipment and tools to connect to work networks from their homes. Coronavirus compelled the countries to observe complete lockdowns to stop the community spread. The lockdowns across the world, along with shelter-at home orders, hampered the businesses across industries. Only those firms and companies, which were powered with capabilities to survive from remote work were able to continue operations. Most of the big IT companies already allow their employees to work remotely and connect from home. IBM is one such example. Now, most of the companies have realized the importance of the work from home. In the future, it is going to emerge as a real workplace.
5] Plan for crisis
The organizations that will emerge successful after the Covid-19 turmoil will be the one that has a healthy contingency plan in place. The companies that have a long-term vision and do not only count the best scenarios but also stay prepared for the black events. Well, the biggest lesson emerging out of this crisis is to have a steady backup plan to implement when things go haywire. It is also about the strength of the company in terms of reserves, strategies, and resources to continue operations when such exigencies arrive. Only influential companies with efficient leadership will stay stable in such a crisis.
The coronavirus pandemic has massively disrupted the economy and business continuity. It is going to change the way industries operate, the way people collaborate, and make a lasting impact on overall human behavior. The IT companies will transform their functions and transition to a new way of operating,