Leveraging Technology Investments to Plan for the Future

At the outset and throughout the COVID-19 pandemic, companies have had to make quick decisions that resulted in the deployment and fragmented adoption of new technology solutions. Leaders have seen these additional solutions as a way to keep up, mitigate the impact, and manage the changes that the company was experiencing. However, in many situations looking beyond the pandemic was not something that was, understandably, top of mind for company leaders.

In a recent article on ciodive.com, Samantha Ann Schwartz discussed how companies have adopted new technologies in order to adapt and stay afloat during the COVID-19 pandemic. While companies have adopted new technology, as Schwartz mentions, companies are trying to move “past the point of crisis mitigation and are now looking to potential, advantageous trends that will keep them from falling behind a crawling economy.”

Which raises an interesting question: Should new technologies be implemented simply to keep up?

In PwC’s recent New world. New skills publication they point out that an overwhelming number of employees feel that the work from home approach is a resounding success. The PwC survey goes on to mention that employee respondents have largely appreciated the work from home model, with 73% of the survey respondents expressing interest in continuing to work from home. The article notes that the employee wins in the form of reduced commute time, and the employer wins in reduced office space needs and office resources. PwC goes on to say that 55% of executives plan to expand the work from home model.

As we think about the future, what will the impact be on the workforce needs? Will employees see the flexibility of a work from home model as a meaningful flexible benefit, attracting them to positions or organizations that may not otherwise pique their interest?

We are seeing a fundamental difference in the ways that the organizations are addressing the pandemic. On the one hand, there are still organizations that are seeing the remaining uncertainty as a risk, working to mitigate what is directly in front of them. These organizations may be focused on keeping up with the lagging economy and focused on the “here and now”.

On the other hand, there are other companies that are looking ahead in order to address the longer term risks, embracing immediate challenges, responding decisively, and positioning themselves to emerge from the pandemic, and instead of keeping pace with the crawling economy, they will be the leaders.

At Altum Strategy Group, we provide a series of value-added services that can help organizations grow and lead the pack. We provide our client partners with a clear and fresh perspective on the technology and workforce solutions that enable rapid growth, expansion, and organizational effectiveness.

For more information on how we can help, feel free to reach out.

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References: 

CIO Dive Article: https://www.ciodive.com/news/risk-management-governance-pandemic-ally-financial/584046/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202020-08-26%20CIO%20Dive%20%5Bissue:29303%5D&utm_term=CIO%20Dive

PwC Article: https://www.strategy-business.com/article/Creating-the-office-of-the-future?gko=04b17