How Your Business Can Survive and Thrive during the COVID-19 Pandemic

January 22, 2021

How Your Business Can Survive and Thrive during the COVID-19 Pandemic

Last year’s pandemic brought the world to a halt and with it much of the economy, with companies now facing a completely different business environment than even a few months ago. Weeks of confinement forced companies to adopt new forms of communication, a change that will persist well into the future. Mandatory confinement has accelerated the development of the “digital world” by turning face-to-face meetings, grocery shopping and shopping in general, education and training, and even Friday happy-hour into online sessions. As a positive, many employees are now able to devote more time to training in new technologies and automation, and applying what they learned for additional added value to their employers. There is a silver lining to be found in our shared experience of the past twelve months, isn’t it?

Modernization During The Pandemic

At the same time, according to McKinsey, IT modernization helps enterprises increase employee productivity by up to 30%, and motivation by up to 40%, while reducing the time-to-market by up to 60%. According to a Forrester study for IBM, clients optimized infrastructure and reduced license costs, with average savings of more than $500,000 over the first three years of cloud adoption. Meanwhile, cloud services helped said clients achieve a far greater level of operational efficiency, by automating multiple manual tasks. Following suit, one of the several things that would help your company survive and thrive would be legacy app modernization. .NET applications are prime candidates for modernization, given the longevity of the platform, and the significant advances over the past couple of years.

Technology helps companies deliver superior results faster. Process management optimization means that companies can ensure a higher quality of service and better deadline compliance, ultimately achieving better outcomes. Nowadays, companies have the option of automating most business processes, minimizing the risk human error in most repetitive tasks and thus limiting opportunities for mistakes. As a direct result, this leads to the minimization of costs. Employees can work on more strategic tasks. The operational performance increases exponentially as a result, as shown by the statistics above.

Data analysis results become more accurate and better suited and adjusted to the needs of the respective business, thanks to modernization. Decisions, in turn, will be more fact-based, with a better focus on the company's profitability, improving services and adding more to the bottom line.

To survive, companies need to adapt their customer service channels and strengthen their brand on the market. Social networks presence is a must, the same as app availability and accessibility through mobile devices. In addition, companies need modern technology to power their operations and lead to better results. Modernization of legacy applications is one of the investments with best ROI a company can make in these challenging times, allowing for greater fidelity to market fluctuations, while minimizing the operational costs. To survive and thrive during this pandemic, companies need to have an IT sector able to quickly respond to changes in market demand.

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