How Pandemic transforms the way of doing business?The urgent operational changes triggered by the COVID 19 pandemic have come about because many companies are involved in ambitious digital transformation programs. Rapid technological developments and changes in the workplace triggered by the pandemic require companies to evaluate their strategies for digital transformation. Recent events have accelerated the paradigm shift from digitization to servicing the economy, with signs of a marked shift in the spending toward digitization from the start. The pandemic was a reality check for companies that resisted digital transformation and now find themselves unprepared.
Since the pandemic hits suddenly, the global workforce and way of operating the business and managing have accelerated digitally without a choice.
The most affected sector has been the SMB, that over 95% of the SMB are not well equipped with digital solution infrastructure. The critical and immediate challenges for business owners were
1. Manpower Management and their accountability
2. Effective Collaboration among the team members
3. Dealing with clients and enabling digital commerce, and logistics
4. Dealing with new business prospects, conversation journey as a paying client, and scaling the business.
SMB owner Self-learning journey:The SMB owners and Technology managers are watching companies go round in circles, trying to reconcile business and technology, and they are working to become smarter about how to do this. They are having a hard time finding the right solutions as there was not an inclusive platform in the marketplace that can address the key organization management features like collaboration suites, tasks, project management, managing surveys, campaigns, events, instant communications, and virtual meetings... etc. Instead, individual solutions addressing a problem are available from the different vendors. And making them work together is an effort-consuming practice as data needs to be manually transported from one solution to another.
Imagine an organization of 50 employees and their recurring subscription cost $150.00 per month per seat. Recurring a cost of $90,000.00 per year is a huge cost for an SMB owner. #wayofdoingbusiness #smb #digitaltransformations #id4org #businessmanaging
Work from home is here to stay. Small and Mid-Sized Business (SMB) are likely to have implemented or expanded work from home program, and more likely to say that working from home has increased employee productivity. #WFM #SMB #virtualworkforce #SaaS #id4org