Once upon a time in a downtown Chicago office, a team of employees worked, ate, attended company events, and even enjoyed Happy Hour together in the same physical spaces.
This is what daily work life was like for most office professionals in early 2020, BC (before COVID-19). Even with the dawn of a new year that will eventually bring vaccines to the masses, many companies will continue to have employees work from home (WFH), leveraging the technology investments made in the past year.
More2020 was a wake-up call for global digitalization – with the pandemic accelerating technology adoption like never before. Industries were quick to jump onto the digital bandwagon, with automation taking center stage. We believe that the future belongs to enterprises that embrace adaptive digital transformation and evolve with changing shifts in the current global industrial landscape. Over the past year, Emtec Digital has been closely studying the impact of COVID-19 and how industries are transforming to address the changing operational and customer needs. Each industry has responded to the pandemic in its unique way by leveraging the latest digital technologies as enablers for transforming the way they work.
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The global impact of COVID-19 was quite varied for organizations in the services industry. It was a challenging year to say the least, especially with restrictions on direct human contact. Enterprises in the personal grooming, travel and tourism, entertainment and hospitality sectors were severely hit due to the nature of their business.
With all the disruption, COVID-19 has become a catalyst for digital transformation in the services industry. Due to social distancing guidelines, organizations shifted quickly to paperless & contactless transactions that enabled them to get back to business.
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The coronavirus pandemic has forced organizations to abruptly rearchitect their supply chains in the wake of stringent lockdowns, border closures, and sudden halts in operations. Shortage of manufacturing components from China and global cargo restrictions have adversely impacted the automotive, pharma, electronics, and consumer goods industries in 2020. The ripple effect of the pandemic on the logistics sector – the backbone of global trade – has fueled rapid supply chain innovation.
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The global energy industry was significantly impacted by COVID-19 this last year. Largely affected by the worldwide lockdown, which led to disruptions in the supply chain and specific sectors that saw severe ramifications in 2020.
Ramifications of the coronavirus pandemic on the banking and financial services sector were severe this last year. Globally, banks have reported diminishing earnings due to asset write-offs, lower interest rates leading to reduced return on assets, massive credit impairment, increasing operating expenses, and huge regulatory, compliance, and remediation costs. The situation has been further compounded by a shortage of staff and poor digital maturity – leading to high volatility and instability in the profitability and valuation of capital markets.
“Don’t talk to strangers” is a common instruction we give to children, because of privacy and security concerns. Back home, Alexa, Google Home and Siri were strangers once, but are now family members! We are happy to keep these AI powered voice assistant technology at various locations in our homes and interact with them frequently. These assistants offer immense flexibility using natural language to interact and get information or complete tasks. These technologies make tasks much easier for us to accomplish.
Search – It is absolutely a necessary feature for almost all enterprise and client facing applications today. Users expect applications to perform search and other operations in near real-time. With the large volumes of data to be processed, it can be challenging for application owners / product managers to decide the best architecture and technology to achieve this speed.
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Have you ever experienced long delays while searching for a product on a shopping website? Searching for products or services is the most critical functionality for any e-commerce application. There are various data storage architecture options available to promote quick retrieval of data and accelerate the search process. More
