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6 Industries, 6 Opportunities for Digital Resilience

INFOGRAPHICS VOLO Innovation in the How has COVID impacted the business world? Time of Crisis Digital transformation has long been a goal for many companies, and the onset of COVID-19 was the impetus many of them needed to embrace innovation and drive change. -> Resilience is the new mantra -> Data and analytics will be indispensable -> There's an accelerated shift to digital "COVID has been accelerating science and technology innovation that would normally have taken years into a -> Pivot potential and adaptability is a sustainable advantage matter of months." Lim Jui, CEO of SGInnovate 1 Fintech We'll Help You Many fintechs are experiencing a surge in demand as customer banking habits are changing in the COVID-19 era. The infrastructure needs of established Fls -> Achieve operational efficiency and deliver outstanding service -> Gain agility through cloud adoption have also evolved, as automation and other digital services are becoming top priority. -> Speed up payments and reduce costs -> Embed security to protect "Despite the challenging backdrop, FinTechs have proven resilient and adaptable: contributing to pandemic relief efforts, adjusting operations offerings to serve vulnerable market segments." assets -> Unlock data insights to better cater to your clients -> Offer self-service banking options Matthew Blake, Head of Financial and Monetary Systems, World Economic Forum 2 Supply Chain & Logistics We'll Help You While many supply chain companies were tiptoeing around the idea of taking a few steps further into the digital realm, the coronavirus certainly made them take the plunge. Amid the global crisis, there has never been a greater need for synchronization and visibility within the industry. -> Increase supply chain efficiency -> Automate fleet management -> Boost trust and transparency with blockchain -> Efficiently manage your capacity -> Gain insights through custom reporting dashboards "Companies that have always taken the safe, always-as-it-was approach are suddenly looking at anything that takes touches out of the system." Mary Long, Director of the Supply Chain Forum 3 Insurance We'll Help You Insurance companies are measured by how well they can handle claims -> Harness data for smarter decision making management in times of crisis and disruptions.Due to unprecedented circumstances, they must optimize costs, automate, and modernize, if they want to achieve sustainability. -> Optimize your solution and speed up claims handling -> Secure your data storage and file sharing with DevOps and Cloud "85% of Insurance CEOS say COVID-19 has accelerated the digitization of their operations and the creation of next- generation operating models." -> Bolster compliance and integrate with external regulatory systems 4 4 Healthcare We'll Help You COVID-19 has caused a rapid shift in the healthcare sector due to the surging number of patients and lack of proper tools and infrastructure. More and more -> Deliver better services for patients -> Leverage smart loT solutions to improve processes people are turning to virtual care solutions for a wider range of services while complying with social distancing rules. -> Make data-driven decisions to improve patient care and processes "The global smart healthcare market size was valued at $143.6 billion in 2019 and is projected to grow at a -> Gain visibility into patient performance CAGR of 16.2% 2020-2027." Professional Services 5 Automation We'll Help You The Professional Services industry is all about rethinking business models to engage the best talent and drive growth. The rise of investments and new -> Optimize resource use to drive stronger margins -> Automate routine tasks with AI/ML components technologies in this area means that field and professional services are one of the most adaptable sectors that can address the risks and challenges of the -> Make better decisions with custom BI reporting and dashboards new normal. -> Increase customer satisfaction by making your business fast and no-touch "The PSA market was valued at $877.93 million in 2020 and is expected to reach $1679.72 million by 2026." 6 HRMS We'll Help You With the pandemic, many HR-related issues like lack of organization, burnout, insecure handling of sensitive data, and inadequate training came to the surface. The lack of innovation in the HR departments hit hard, and companies found themselves unprepared. -> Develop a single, secure database with all your employee data -> Automate your HR processes so that you can focus on your people -> Empower your workforce by inciting self-management -> Give you on the go access to your HR functions with a mobile app "If your HR team does not focus on technology or data, it's time to do so." -> Enable you to easily track time, attendance, and leave Johnny C. Taylor, Jr, President and CEP of SHRM VOLO INFOGRAPHICS-

6 Industries, 6 Opportunities for Digital Resilience

shared by yevayesayan on May 12
Necessity is the mother of invention. Never before have we felt the trueness of this age-old adage as within the past year, when businesses across the globe were forced to flex their technological mus...


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