Covid Impact on your Digital Strategy.
As on today, as I am writing this post, as per WHO dashboard and corona virus impact data, the world has already lost 1,75,825 lives and 25,49,629 (2.5 millions plus) infected from this deadly virus. This virus has created a never-seen-before crisis and the global impact of this Virus if any global agency can calculate will go into couple of trillions of dollars and productivity loss which is totally not measurable in this century. This blog post is exploring the impact of Covid-19 on global business strategy in general and digital strategy in particular.
What are the top 20 impacts of this virus on global business strategy?
1) Global business power shift will happen
2) The most powerful today may be rated as the least immune country
3) The brick & morter business will go further down and eCommerce will be 100% in
4) Global Consumption will be reduced
5) Luxury brands will be the major sufferers
6) Health & Immunity brands will emerge and will rule the world for next 50 years
7) Government will decide the consumption pattern & sectoral growth
8) In USA and Europe we will see a flood of bankruptcy filings
9) Business who continue to invest in crisis time will be long term winners
10) Portfolio realignment will need to happen and companies will exit from non-essential non-core businesses
11) Essential goods sector / FMCG / home / health / remote IT will be key winners
12) Major global corporations will redefine their short term and long term roadmap
13) Agility in business will no more be a buzzword
14) Business Transformation and Digital Transformation officers will be in short supply and hugh demand
15) Chief digital officers will become CEOs
16) Talent and skill matrix of the past will be reworked
17) Technology investments will empower essential services e.g. Jio Mart and Facebook
18) Work from home will save billions of dollars and will be a new norm
19) Challenge will be to drive productivity of workforce working from home
20) No man factory (100% robotics process) / digital banks / industry will evolve which means robotics process automation and ZERO manpower.
What is the impact of Covid-19 on digital transformation?
1) Online collaboration tools, online sales channels, 100% eCommerce, secured remote IT tools, online learning, No Cheque in the world, Banks with no manpower, blockchain based crypto currencies and each country having national digital currency will be normal.
2) Online tools and websites on e-health, immunity, telemedicine and alternative traditional medicines will thrive and will be the key bets for venture capitalists.
3) Contact less eCommerce models will evolve and innovations in delivery and packaging can be seen
4) Digital startups will emerge in Essential goods sector / FMCG / home / health / remote IT etc.
5) Digital transformation projects will be more short term and quick wins than long term based
6) Business Transformation will be equivalent to Digital Transformation
7) Digital Transformation will be the next key skill learnt online for the next one decade which will comprise of digital marketing, process of digital transformation, machine learning, artificial intelligence, robotic process automation and workflow automation.
8) Trainers might not travel and all be online and be 3D virtually present.
9) Collaboration tools like digital white boards, telepresence, google drives, voice computing and digital board rooms, digital classrooms will be reality.
10) On-Demand food, 3D printed food at home, virtual events, virtual malls and everything on cloud (EoT) will evolve.
11) World researchers will invest on digital startups working on preventive health, food in a capsule, personal protection, quarantine and home health products and may be we soon see a pocket mobile phone fitted with a cylinder device as a standard accessory, which can produce 100% oxygen in case of any virus attack or emergency. I call this phenomenon as world's first mobile health phone or disaster resistance phone.
Call me at 0091-8368440615 and I can give 100+ such new ideas as Edison and Newton weren't born in India but somebody with higher IQ lives in Faridabad, India :)
Best Regards,
Ajay Chhabra
http://innovativeinteractive.blogspot.com
8368440615
As on today, as I am writing this post, as per WHO dashboard and corona virus impact data, the world has already lost 1,75,825 lives and 25,49,629 (2.5 millions plus) infected from this deadly virus. This virus has created a never-seen-before crisis and the global impact of this Virus if any global agency can calculate will go into couple of trillions of dollars and productivity loss which is totally not measurable in this century. This blog post is exploring the impact of Covid-19 on global business strategy in general and digital strategy in particular.
What are the top 20 impacts of this virus on global business strategy?
1) Global business power shift will happen
2) The most powerful today may be rated as the least immune country
3) The brick & morter business will go further down and eCommerce will be 100% in
4) Global Consumption will be reduced
5) Luxury brands will be the major sufferers
6) Health & Immunity brands will emerge and will rule the world for next 50 years
7) Government will decide the consumption pattern & sectoral growth
8) In USA and Europe we will see a flood of bankruptcy filings
9) Business who continue to invest in crisis time will be long term winners
10) Portfolio realignment will need to happen and companies will exit from non-essential non-core businesses
11) Essential goods sector / FMCG / home / health / remote IT will be key winners
12) Major global corporations will redefine their short term and long term roadmap
13) Agility in business will no more be a buzzword
14) Business Transformation and Digital Transformation officers will be in short supply and hugh demand
15) Chief digital officers will become CEOs
16) Talent and skill matrix of the past will be reworked
17) Technology investments will empower essential services e.g. Jio Mart and Facebook
18) Work from home will save billions of dollars and will be a new norm
19) Challenge will be to drive productivity of workforce working from home
20) No man factory (100% robotics process) / digital banks / industry will evolve which means robotics process automation and ZERO manpower.
What is the impact of Covid-19 on digital transformation?
1) Online collaboration tools, online sales channels, 100% eCommerce, secured remote IT tools, online learning, No Cheque in the world, Banks with no manpower, blockchain based crypto currencies and each country having national digital currency will be normal.
2) Online tools and websites on e-health, immunity, telemedicine and alternative traditional medicines will thrive and will be the key bets for venture capitalists.
3) Contact less eCommerce models will evolve and innovations in delivery and packaging can be seen
4) Digital startups will emerge in Essential goods sector / FMCG / home / health / remote IT etc.
5) Digital transformation projects will be more short term and quick wins than long term based
6) Business Transformation will be equivalent to Digital Transformation
7) Digital Transformation will be the next key skill learnt online for the next one decade which will comprise of digital marketing, process of digital transformation, machine learning, artificial intelligence, robotic process automation and workflow automation.
8) Trainers might not travel and all be online and be 3D virtually present.
9) Collaboration tools like digital white boards, telepresence, google drives, voice computing and digital board rooms, digital classrooms will be reality.
10) On-Demand food, 3D printed food at home, virtual events, virtual malls and everything on cloud (EoT) will evolve.
11) World researchers will invest on digital startups working on preventive health, food in a capsule, personal protection, quarantine and home health products and may be we soon see a pocket mobile phone fitted with a cylinder device as a standard accessory, which can produce 100% oxygen in case of any virus attack or emergency. I call this phenomenon as world's first mobile health phone or disaster resistance phone.
Call me at 0091-8368440615 and I can give 100+ such new ideas as Edison and Newton weren't born in India but somebody with higher IQ lives in Faridabad, India :)
Best Regards,
Ajay Chhabra
http://innovativeinteractive.blogspot.com
8368440615
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