Estonia built one of the world’s most advanced digital society long before the COVID-19 pandemic, providing services such as electronic voting, online learning in schools and digital healthcare. Estonia’s success is about much more than technological innovation.
“The resilience of these companies is due to one simple fact: They have transformed their traditional business models rapidly by leveraging a plethora of digital practices. And this transformation is hardly unique to China: It is what players must undertake in the economy of the pandemic to survive.”
via MIT Sloan
“Open banking IT service providers can help banks build the capabilities they desire. To do so, they are investing in business advisory assets to help financial services firms plug the gaps in their business change management initiatives. They are also investing in Fintech partnerships, talent and solutions.”
via Everest Group
Developing an IoT business model and commercializing the solution is not simple but it can be a game-changer. In fact, 61% of new study participants claim that it allowed their company to achieve a competitive advantage compared to their competition.
via IoT Analytics
“More than three-quarters of the respondents said their organization’s overall productivity has increased in the current COVID-19 period. The average improvement in productivity was just over 13 percent, as compared to before the pandemic period.”
via Everest Group
“When wide swaths of the global workforce had to quickly pivot to working from home, skills gaps emerged. In March and April 2020, LinkedIn Learning experienced its largest spike in history, as employees spent 130% more time learning than they had in the first two months of the year.”
Because of the pandemic, leadership teams have embraced technology and data, reinventing core processes and adopting new collaboration tools. Technology and people interacting in new ways is at the heart of the new operating model for business — and of creating an effective post-pandemic organization.
Facial recognition has emerged as a powerful biometric technology. Revelations about its use in the public domain and by law enforcement have fueled discussion about ethical concerns and corresponding legislative efforts to ban or limit its use.
As the proportion of the IT budget allocated to cloud increases, the focus on cloud costs will increase, and cost efficiency will once again rise as an area of focus and a decision driver for customers. And it is reasonable to expect this focus on costs to drive yet another wave of price reductions and price wars among cloud providers.