Resilience in Business and the Role of Technology
The pandemic has changed everything
From how we communicate and interact with one another to how we buy our groceries, one thing is certain – the world has changed faster than expected due to the pandemic than at any other time in recent history. In the past, we had to ask permission to work from home (WFH), and now we have to ask permission to go into the office. WFH became the world’s way of working almost overnight back in March of 2020, believing it would only be for a week or two.
Now that we have spent the past 18 months in what was previously Disaster Recovery mode, it takes on new meaning for many businesses and their associates. In a conventional view, resilience defines a company’s capacity to absorb stress, recover critical functions, and thrive in altered circumstances. However,
Resilience in the “new normal” means:
- Can your employees work productively and securely at home as they did in the office when they were directly connected, using corporate networks and systems?
- Are your clients getting the same level of service they experienced before – if not better?
- Is your business growing and meeting or exceeding its objectives and shareholder expectations?
Will your technology support the Digital transformation needed to thrive in business today?
The role of technology in determining the resilience of an organization has never been clearer. For example, without the ability to switch from in-person to online shopping, many retail shops have had to close their doors. Restaurants set up for curbside pickup and delivery survived and thrived, as did many businesses that could pivot and adapt quickly to the ever-changing environment.
However, the pandemic quickly uncovered the flaws in our technologies in a transparent manner:
- Client Experience – did your clients feel the switch to WFH? Is your online presence a good experience for your clients? Did the pandemic make it harder for your clients to buy from you?
- Operational Efficiency – Did you stumble through the lockdowns with uncertainty, do things as you have always done, or did you embrace technology and automate and increase throughput?
- Risk Management – did you escape a cyber-attack, with data security breaches at all-time highs?
- System Reliability – 24/7 availability with 99.9% uptime is table stakes – Did any of your critical systems “go down” due to unprecedented network traffic or workload?
- Business as Usual – WFH staff enablement – how long did your organization take to resume BAU working from home? Are you at risk of losing key IT talent in this time of high attrition?
I will go back to a client quote I shared a year ago on my blog on Legacy Modernization, “We need the flexibility to be able to turn on a dime and be agile in our legacy transformation because the business will not just stop so technology can catch up.”
Not only has business not “stopped,” but the demands placed on technology and the skillsets required to support the business have increased exponentially. This is the time to ask yourself how your business will remain resilient and relevant and if your technology is up to the task.
More from Gail Masters
Latest Blogs
Recent advancements in artificial intelligence have given us a glimpse of AI’s potential…
In today’s fast-paced digital world, the security of communications is more critical than…
In 2024, regulatory scrutiny and legal action against financial institutions increased, driven…
Tired of spending countless hours troubleshooting failed API tests and keeping up with constant…