Bear in mind all these articles you learn in January with headlines like “2020 tendencies to look at in your trade?” You tossed these predictions out way back. However whereas everybody is aware of that the coronavirus pandemic modified the whole lot, none of us is bound how.
This content material was produced by Insights, the customized content material arm of MIT Expertise Overview. It was not written by MIT Expertise Overview’s editorial workers.
As efforts to comprise covid-19 crippled whole economies, put hundreds of thousands out of labor, and compelled workplace staff to clock out and in at residence, each enterprise—and each particular person—has made modifications. Some changes are or had been short-term, reminiscent of industrial airways providing cargo flights and even staid organizations allowing workers to work remotely. Nevertheless it’s evident that deeper enterprise transformations are underway. Organizations are reshuffling present priorities and accelerating investments in know-how to stay aggressive whereas supporting the wants of their workforces.
To get perception into organizations’ plans and expectations, MIT Expertise Overview Insights surveyed 372 enterprise leaders from its International Panel government group to study covid-19’s monetary impression on organizations, its impact on their strategic selections, and the place administration is investing firm sources.
The monetary impression is critical. Amongst respondents, 62% anticipate 2020 firm income to lower—1 / 4 of them by greater than 25%.
To outlive, companies should adapt, and to perform that, they’re leaning closely on know-how. 9 out of 10 enterprise executives agree that company know-how adoption will improve in pace due to covid-19. In actual fact, 44% “strongly agree.”
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