Digital Transformation September 23, 2020

How COVID-19 Taught New Ways To Work?

Written by Analytix Editorial Team Jagruti Patel

The COVID-19 pandemic has demonstrated that it is impossible for any business to ignore technological advancements. Technology is no longer optional but truly imperative for every business to survive.

According to Small Business & Entrepreneurship Council (SBE Council), small business owners report that cloud services are essential tools during COVID-19 and beyond.

Just as a rapid revamp of IT infrastructure has been the key to survival during COVID-19, reopening and success in the post-COVID 19 world lies in building new capabilities and competences which many small businesses wish they’d invested in before: to be more digital, data-driven, and cloud based.

With remote working teams, tighter cybersecurity measures, leaner workplaces and remote collaboration tools, this is the time to begin a wider business transformation by leveraging technologies of the Fourth Industrial Revolution (4IR). Having a strategic IT partner can help accelerate the adoption of cloud and IT security measures without the overhead and additional investment.

Out With the Old Norms, In With the New!

New office setups

The pandemic has led us to question the conventional wisdom that “offices are critical to productivity”, a concept which once drove companies to compete for prime office space. Post COVID-19, it is hard to imagine that office space will be valued as it was before.  In fact, open offices may be a thing of the past. As work is more frequently completed in a virtual environment, there is an opportunity to reimagine the purpose of the office setup. The new normal saw 62% of U.S. workers develop an affinity for remote working, and many among them agree that they have been more productive than they were before. Going forward, the new office set up in the new normal likely will be leaner.  It will be designed to aid both remote working as well as requirements for social distancing.

Analytix can help accelerate your business’s digital transformation.  Our managed IT services are delivered by a team of trained, skilled, tool and process-driven IT professionals practicing proactive monitoring of IT workstations and infrastructure.

Embracing the remote work concept

The pandemic has shown that the workforce can be productive anywhere, and when combined with the right technology and flexible working culture, the workplace no longer needs to be defined by a single location. Even as the pandemic pressed the fast-forward button on the remote working concept, most were initially skeptical about the productivity and efficiency. There were arguments that people won’t be productive or you won’t know what they are doing. On the contrary, a survey by Fishbowl found that in the accounting profession, 54% of professionals are actually working more hours during the lockdown. According to a Mckinsey & Company survey, the share of professionals and business services working fully remote went from 5% (pre-COVID-19) to 74% during COVID-19.

The proliferation of technology in the workplace will inevitably raise compliance and security issues. Having a vetted IT partner like Analytix can help you establish IT security measures that need to be addressed when moving your business remotely. Access to a sophisticated array of technologies helps meet the needs for secure, productive ways to get work done. The remote IT services offered by Analytix address the compliance, governance, and security needs of a variety of IT systems and cloud environments.

Migration to cloud-based technology systems

COVID-19 has been a catalyst for change as it accelerated cloud migration for many businesses. This technology shift that was thought to be five years out will now likely happen over the next two years. With its ability to provide the agility and scalability needed to meet the business challenges of today’s unprecedented times, a cloud-based technology system has made businesses, small and large, realize the importance of leveraging the cloud for business continuity. According to the recent IDG Cloud Computing Survey 2020, the IT environment of nearly 92% of organizations is at least somewhat on the cloud today. While more than 55% of organizations currently use multiple cloud-based applications, cloud computing budgets are on the rise as 32% of the IT budget is expected to be allocated to cloud computing within the next 12 months. A recent survey by AvidXchange has revealed that three out of four accountants have added at least one new solution to their technology stack in response to the COVID – 19 pandemic. The latest Logic Monitor’s Cloud 2025 Survey reveals that 87% of the enterprises will accelerate their cloud migration in the post-COVID world, whereas on-premises workloads will plummet by 13% over the next five years.

Analytix’s cloud solutions assist in providing an entire range of cloud services comprised of consulting, managing, and processing data, as well as application development.  This not only ensures reliable and secure networks but also offers the scale and speed that is needed for businesses to survive and thrive in the new normal.

Embracing new technology like video conferencing

The pandemic drastically affected the way we work and how we interact with others. Changes that would have taken years were implemented in just days! As many workplaces have become restricted areas, business communications and trips have gone online with popular tools like Zoom, Google Meet, Microsoft Teams, and Go-To Meeting, among others. Even as people struggled with confusing software, subpar hardware, and awkwardness of still-developing social norms, video conferencing has emerged as a preferred choice very quickly. It facilitates a team’s ability to focus on projects, unlock increased productivity, and collaborate remotely to deliver better outcomes. No wonder, we’re seeing plenty of companies, including big tech, extending work-from-home options.

At Analytix, we take care of all your IT needs, including digital transformation, creation, solutions, or analytics – all under one umbrella.

Better Business Resilience

The pandemic has been a wake-up call for businesses as most ended up learning about business continuity the hard way. Businesses have realized that business resilience is more than just a catchphrase and Business Continuity Planning (BCP) is not something practiced once a year. Moving forward, they must constantly re-assess and update it as a standard operational practice. According to a recent survey by AvidXchange, after suffering the effects of the pandemic, nearly 60% of the accountants had to re-assess their prevailing disaster preparedness. Similarly, according to the Annual 2020 Investment Management Compliance Testing Survey, business continuity planning related to COVID-19 has replaced cybersecurity as the top compliance concern for advisory firms.

The customization and automation services provided by Analytix help in adding this much needed resilience to your business.

Are you ready to thrive? Crises are opportunities for change, and we are here to help you navigate those changes. There’s never been a greater opportunity to drive digital transformation in your business or practice. To help accelerate recovery and prepare your organization to thrive, Analytix IT functions as a true seamlessly integrated team contributing its expertise in key areas that are fundamental to your business and will create a sustainable path forward.

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