covid 19 business impact Archives

Blockchain Technology Adoption Amidst COVID-19

June 4, 2021June 4, 2021Blockchain, Business Insights, Studio-ScalaBlockchain, covid 19 business impact, technology in covid 19

Reading Time: 10 minutes The COVID-19 Pandemic has fractured the global financial system exposing age-old cracks within our supply chain systems. Its lethal shut-down rate of world economies has forced financial analysts against the wall to rethink the connecting nodes of business value chains. A front-runner in this race to remedy the situation is Blockchain Technology. Its hallmark characteristics of provenance, immutability, security and data storage are everything our supply Continue Reading

Re-imagining a New Future by Navigating a Crisis with Data

May 12, 2021May 12, 2021Business Insights, Studio-Scalacovid 19, covid 19 business impact, digital transformation, technology in covid 19

Reading Time: 3 minutes “An opportunity of a lifetime.” Many businesses would not describe the COVID-19 pandemic in these words, but forward-thinking leaders are doing just that. Framing a crisis as an opportunity to reinvent their organizations has been essential for these leaders. These successful individuals will tell you that it is a growth mindset, executed with data and agility, that can help re-imagine business models, reshape operations and Continue Reading

Has COVID-19 bubbled up digital transformation challenges?

August 14, 2020October 6, 2020Business Insightscovid 19 business impact, covid 19 impact, digital transformation

Reading Time: < 1 minute Even prior to COVID-19; 92% of companies said that their business models would need to transform given digitization. However, despite the enormous efforts that companies have put into digital transformation and many of them achieving success, COVID-19 has brought vulnerabilities to surface. In our first KnolBytes session, we spoke to Vikas Hazrati, CEO & Co-Founder at Knoldus about the importance of Digital Transformation in the wake of Continue Reading

Retail Post Covid-19: How Technology ensures an Omnichannel Experience while remaining Profitable

July 8, 2020July 7, 2021Business Insightscovid 19 business impact, retail analytics, retail post covid 19, technology in covid 19

Reading Time: 6 minutes Consumer behaviour has forever transformed with the onset of the COVID-19 pandemic. Retail, like all other industries, has been disrupted in its own ways. To begin with, the closure of most physical stores due to lockdown measures and social distancing has left retail businesses looking for new channels to reach their customers. Retail has seen one of the most significant shifts till date after the Continue Reading

COVID 19: Mitigating Procurement Challenges in Supply Chain with Technology

May 11, 2020July 7, 2021Analytics, Artificial intelligence, Business Insightscovid 19 business impact, covid 19 impact, procurement challenges during covid 19, technology in covid 19

Reading Time: 6 minutes Supply Chain Executives across the globe are perplexed! For years companies have been designing their supply chain strategies with the assumption that materials will be easily available from anywhere across the globe. But the procurement challenges during COVID 19 have taken a new turn as this reality changes faster than anyone could ever imagine. An Institute For Supply Chain Management survey conducted in March says Continue Reading

Reimagining Your Customer Experience Strategy During & Post COVID-19

April 29, 2020July 7, 2021Business Insightscovid 19 business impact, covid 19 economic impact, covid 19 impact, customer experience strategy, technology in covid 19

Reading Time: 8 minutes As nations around the world come together to fight the current COVID-19 crisis, businesses are also struggling to rethink the new normal. It’s evident that COVID-19 has forever changed the way humans think, be it as an employee, citizen or as a consumer. While we hope for things to go back to the way they were, there’s anxiety all around and people are scared. Organizations Continue Reading

Build Business Resilience with Technology through COVID-19 and Beyond

April 23, 2020July 7, 2021Business Insightsagile transformation, covid 19 business impact, digital transformation, technology in covid 19

Reading Time: 5 minutes Even though businesses are used to disruption, the acute crisis that industry leaders are facing today due to COVID-19 has not been witnessed before. The global economy has never seen such counterproductive conditions. Businesses have been stalled and economic activity has been minimized now because of national lockdowns. Organizations are struggling as conventional best practices become obsolete and the future continues to grow more uncertain. Continue Reading

Leveraging AI/ML in Various Industries To Combat the Business Impact of COVID-19

April 21, 2020July 7, 2021Artificial intelligence, Business InsightsArtificial intelligence, covid 19 business impact, covid 19 economic impact, healthcare, Machine Learning

Reading Time: 6 minutes Within a short span of a month, the world has transformed as the coronavirus pandemic took control of countries, economies, and people’s lives. Humanity watched in disbelief as this unprecedented phenomenon took shape and within weeks, the world has been shut down and the mantra, ‘Stay Home’ has become the new normal. With close to 2.4 million cases and 170,000 deaths worldwide (as of 21st Continue Reading