During this unprecedented time of the pandemic, the risks associated with business operations are at the peak. While many of the smaller firms are getting washed out by the crisis, larger companies with futuristic vision are well prepared to convert these risks into opportunities yielding optimum advantages. Accelerated innovation and execution by stakeholders remain the kingpin in this never-seen-before situation.
Broadly, there are three ways these high tech companies ranging across the software, hardware, and IT services domain can tap on the crisis-induced opportunities:
Holistic and real digital transformation
Regardless of the considerable investments made by firms on advanced tools and software, many of their core jobs still happen traditionally on excel, word of mouth, or in silos. Such companies are now facing the headwinds, as to ace and win this race; they need to be committed and driven by the digital transformation goals truly.