Let’s face it, COVID has made the case for digital transformation of companies stronger than ever. Businesses are now adopting digital avenues to aid their operations and financial functions. Companies are assessing options to get their fundamentals in proper shape & looking to boost the bottom line for their business. Getting the financials, taxation, payroll and regulatory compliance reporting, balance sheets & cost structures in order is among the top priorities for companies as per Mckenzie.
Innovation is the foundation on which progress takes place in technology. Satya Nadella, CEO of Microsoft summed it up precisely, “The technology industry does not respect tradition – it only respects innovation.” Great companies are built on innovation. With the widespread adoption of digital technologies, software products are now driving the world. The software product innovations are creating a global impact by revolutionising products, processes and business models across industries. The software product innovations and technologies will play a bigger role in solving our day to day problems.
The demand for digital supply chain management has been rising ever since digital technologies came to the fore. In an unprecedented crisis and disruption forced by COVID-19, companies with digital supply chain management are able to operate & navigate challenges with utmost efficiency. As per IDC Manufacturing insights, by 2022, firms will dedicate 35% of their logistics business process outsourcing services budget to process automation, focusing on order, inventory and shipment tracking.