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5 things you can do now to prepare for the Covid-19 business world

May 28, 2020

Read for 8 min

The opinions of the employees of s You are personal.

5 things you can do now to prepare for the Covid-19 business world5 things you can do now to prepare for the Covid-19 business world

Social distancing. Telemedicine. I work from a distance. These are all words that weren’t part of our daily vocabulary in early 2020, but a few months later we hear them all and use them every day. It cannot be denied that the outbreak of the coronavirus has drastically changed almost every facet of a person’s life worldwide.

From a business point of view, the stock market saw the largest loss and the biggest daily gain in history, and in the United States the greatest loss of jobs in modern times. We are in unknown waters and it is uncertain how long we will stay in them. But we do know one thing: this outbreak will change everyone’s lives in the coming years or decades. Almost 20 years after September 11, airport security remains important. No-fly lists and counter-terrorism efforts remain the norm. The same will happen with the sequels to Covid-19. Is your company ready for the five biggest trends we’ll see?

1. The rise of improved websites and digital tools

Image: Hal Gatewood via Unsplash

Many non-essential companies, including retail stores, hair salons, warehouses, factories and offices, closed their physically located offices and lacked the technical means to survive.

Our agency has seen a huge increase in companies that are approaching us and ready to take the plunge into the digital world. It is important that companies not only survive, but also thrive through improved websites and digital tools to serve their customers. Things like e-commerce in industries where e-commerce has never been used, advanced product configurations, chatbots and mobile apps are more in demand than ever as small and medium-sized businesses are taking part in the technological revolution of the new decade. .

These new tools will help companies stay afloat during the virus outbreak and will be a macro trend that becomes even more important if social distancing becomes a pandemic not only for this outbreak, but also for potential practices that become common practice.

2. Concerns about cybersecurity take center stage

Image: Shahadat Rahman on Unsplash

Cyber ​​security is already a big problem for large companies. With the EU General Data Protection Regulation, the California Consumer Protection Act and other data protection laws, as well as countless news about costs and effects, smaller companies are forced to face up to data breaches. With the increase in employees who work remotely due to the virus outbreak, we have seen more and more cyber attacks.

Employees who use unsecured infrastructure and third-party tools are two of the main causes of potential violations. Combine this with data storage and access practices that violate data protection laws, e.g. B. Telemedicine on platforms that do not comply with security rules, and suddenly the need for secure solutions is the focus.

In addition, we saw increased cyber attacks abroad on many of our customers’ websites during this vulnerable period. Things like brute force attacks, denial of service attacks and other types of hacking attempts have increased, and the need to keep the website and web servers up to date and secure is of the utmost importance. More and more companies will be forced to invest in secure, scalable and remotely accessible technologies that follow the avalanche of new data protection and data security regulations.

3. An increase in virtual meetings

Image: Filadendron | Getty Images

The huge increase in virtual meetings is a trend that we expect to stay here. Although there is no substitute for a personal meeting and a handshake, we expect the trend towards virtual meetings to continue for the coming years. This applies not only to the traditional business world, but also to many other aspects of our lives, for example for a virtual meeting with your doctor, therapist, banker and even stylists for advice. This saves everyone involved enormous costs and time. This is a trend that started before the virus broke out and will only expand in this new decade. The preparation for this trend goes far beyond a virtual meeting room and software. Things like digital brochures, digital business cards, video tutorials, and improved website information will follow this trend and become a necessity as it is more difficult for companies to physically deliver materials to their customers.

4. Better control of expenses

Picture: Alexander Mils on Unsplash

With the unprecedented business closure, companies will increasingly look for ways to better control their spending. This includes companies that have shorter contract terms, emergency clauses and provisions in agreements, opportunities for a more scalable workforce with temporary workers and temporary employment agencies, and the general desire to reduce costs, especially recurring costs. .

We have seen firsthand that almost all of our customers express the need to reduce costs not only because of the virus, but also as a practice they would like to continue in the near future. Although this is good business practice regardless, the pain felt during this economic downturn will leave scars that are likely to last for years.

Make sure your company has answers when your customers ask about ways to save, reduce contract terms, or protect the product from future disasters and disasters.

5. Even more distant employees

Picture: Shutterstock

Finally, with the previous four trends, there is the fifth, an even bigger shift towards distant employees. Many companies struggling against the trend toward remote workers are now realizing that shutting down their offices still makes remote workers efficient, effective, economical, and challenged by the millennial generation.

With more employees removed, the need for all the first four points mentioned increases. This trend started more than a decade ago, but will continue to expand in this new decade and after the outbreak of Covid-19.

These trends will not only be relevant in 2020, but probably much longer. If you make decisions now and position your company for these changes in the business world, you are ready and at the forefront of the new revolution in digital remote technology.