The key focus areas for companies seeking to effectively navigate the COVID-19 crisis and emerge stronger over the long-term include new ways of operating, cyber resilience, automation, and smart workflows. Also, systems accessible on-demand, apps, and applications that can work irrespective of the place as suggested by IBM Corp’s Manish Chawla.
Making substantial operational changes under the pandemic strain would require a short-term loss, but the long-term benefits are worth it. This means supply chains will have to be local and multinational, manufacturing will have to be both conventional as well as additive, and a mix of digital and physical goods and services as noted during the IBM Think 2020 and hosted by theCUBE. The energy sector needs to follow a hybrid approach, combining conventional and digital not only technologically but in all business operations from supply chain to services. (Source: SiliconANGEL Media, 2020).
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