How To Reinvent Your Business Digital Core During COVID-19

December 12, 2020

The COVID-19 pandemic has forced businesses out of their comfort zone and threw them into the wild west. C-suite professionals have now been actively working on redesigning their business processes and operations to keep up with the ever-evolving dynamics and customer demands.

Traditional processes and business models are now being rendered obsolete as a new wave of digital transformation sweeps the globe.

If you look at the brighter side, this is once in a lifetime opportunity for businesses to reinvent themselves. The time is perfect for the companies to build competencies and digital skills they wish they had invested in before.

Organisations can now be more digital, data-driven and can work on their operations to have variable cost structures, agile processes, and automation.

The question is How?

To reinvent your operations, processes, business models and digital business core, in this blog, we are sharing some critical points with innovative solutions and workflow models that will help to give your company the strategic boost it needs.

Consumer behaviour has transformed due to the pandemic, and this will have a lasting impact long after the COVID-19 pandemic is over. To succeed, organisations need to understand and empathise with their customers more than ever. In the digital world, designers and developers need to put their clients’ priorities at the heart of their work. To stand out, attract clients, and make a resonating impact, companies need to build interactive and personal customer experiences rather than focusing on purely transactional deals.

Through investment in automation and AI, organisations can manage, monitor, and analyse customer interaction more effectively than ever. Data analysts can also run AI-based analytics to analyse customer behaviours and to provide personalised customer experiences and add more value to their products, services, and solutions.

Pay Attention to Your Customer Relationships

Design Workspaces that Promote Productivity and Health

Your employees are the biggest asset to your organisation. Put them first and rethink your existing workspaces into something welcoming, safe, and comfortable. Allow flexible usage of premises and endorse remote work. But before you do that, implement remote working protocols, digital literacy and automation of operations through digital skills capacity building.During the past few months, we all have come to this conclusion that health is the biggest wealth. As an organisation that cares, invest in health benefits and prioritise your employees’ safety over everything.

Rebuild your Business Keeping Pandemics in Mind

The COVID-19 pandemic has rapidly evolved the requirements of products and services across all sectors. This has led to the exposure of loopholes and weak points in the supply chain and operations. To keep your organisation safe for any next occurrence of epidemics and pandemics, consider the following rebuilding strategies.

Successful businesses will reinvent their operations and supply chains to protect against a broader and more acute range of potential economic disruptions. Through strengthening operational resilience, global value chains leaders and CEOs can successfully start and accelerate the building of robust operating procedures.

Establish sustainable operations and strategies to keep up with the dramatic shifts in industry structure, customer expectations, and clients’ demand patterns. Leaders need to work on developing sustainability by reinventing the role of operations in enterprises, creating new value through increased responsiveness to their end customers

To truly embrace the future of work and the updated process, you need to embrace and promote flexibility and ease of work throughout your organisation. To do this, enable employees to complete tasks remotely and encourage the use of digital communication and collaboration tools. Only by a conscious and active effort towards the adaptation of the digital transformation, companies can survive the uncertain future or, the next pandemic.

Conclusion

Reinventing your digital business core is a complete reboot of procedures and processes. At IDMA, we aim to facilitate companies and organisation through the complex process of digital transformation to ensure that your business will survive, thrive, and get through this global pandemic or any future crisis.Breaking through and planning forward in this time of uncertainty will ensure future progress of businesses. Leaders should mitigate immediate challenges and plan towards building a better future which will create organisations and companies that will one day look back on this time of global crisis as a time for renewal, growth, and revolution.