How Digitization Is Saving Businesses In Pandemic?
The digital transformation has been a critical component in ensuring the survival of companies in this pandemic. Digital transformation has always been an important topic for 2020; However, Covid-19 has become the most necessary part of the business strategy.
Business leaders and executives have known for years that digital transformation is inherent. As a result, we have seen significant innovations happening in various domains such as mobile app development, eCommerce, on-demand services, finance, and many others.
If you look at the pandemic through a commercial angle, you can see that it has accelerated our need to work with restraint philosophy. This theory states that each company or entity will have its limitations and restraints and, once we analyze that, it would ultimately be an advantage.
According a study conducted by Mckinsey, as companies are rebounding to big brands, these companies reported 16% of industry’s growth during 2015-2018.
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