Amid the covid-19 pandemic, shifting business priorities

As efforts to comprise covid-19 crippled whole economies, put hundreds of thousands out of labor, and compelled workplace employees to clock out and in at residence, each enterprise—and each particular person—has made adjustments. Some changes are or had been short-term, comparable to industrial airways providing cargo flights and even staid organizations allowing employees to work remotely. But it surely’s evident that deeper enterprise transformations are underway. Organizations are reshuffling current priorities and accelerating investments in know-how to stay aggressive whereas supporting the wants of their workforces.

To get perception into organizations’ plans and expectations, MIT Know-how Overview Insights surveyed 372 enterprise leaders from its International Panel government group to study covid-19’s monetary influence on organizations, its impact on their strategic choices, and the place administration is investing firm sources.

The monetary influence is important. Amongst respondents, 62% anticipate 2020 firm income to lower—1 / 4 of them by greater than 25%. 

To outlive, companies should adapt, and to perform that, they’re leaning closely on know-how. 9 out of 10 enterprise executives agree that company know-how adoption will enhance in pace due to covid-19. In actual fact, 44% “strongly agree.” 

Obtain the full report.

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