Cloud platforms are seeing the largest, most rapid adoption in the history of their existence. Restaurants are maximizing online models and outdoor seating. Retailers are reevaluating supply chains to stock up on newly in-demand items. Car companies are automating the end-to-end car shopping experience to create a contactless, touch-free purchase.
Disruption comes in many forms, and the pandemic is turning out to be the biggest one of our generation. As we’ve seen, companies across industries have had to do more than just anticipate change to survive and succeed against these odds. They must have a strategic and operational plan in place that is driven by technology. Future-proofing against the next disruption will take active resiliency plans that think beyond cost and efficiency, striking the balance of “playing offense” while incorporating risk management and sustainability into decision-making processes.
According to a recent survey of Fortune 500 CEOs, more than 45% said economic activity won’t return to pre-pandemic levels until at least the beginning of 2022. At the same time, 75% said the pandemic has accelerated the rate of their technological transformations. Despite the current uncertainty in global markets, leaders of the largest organizations see this disruption as an opportunity to innovate their business.