Businesses around the world are still struggling to survive and compete in the midst of a pandemic. Even before the pandemic the business we’re struggling for being number 1 or just keeping the business alive. But now, each businessman or businesswoman has it hard due to the strict sanitary regulation of the pandemic. Digital Technology is a versatile product that is now being used by businesses around the world. In this article, we will show you how this type of technology has helped businesses during the pandemic.
Digital Technology Solutions
When you hear Digital Technology Solutions, the first thing that comes to mind is technology. It is without a doubt that technology has been a big help to humanity. Now, Digital Technology where electronic devices generate, store, or process data has even pushed humanity further.
We already have seen how technology has improved our lives throughout history. But the main help of digital technology solution are the following: Faster Task Completion, Content Discovery, Lower Administrative Costs, Remote Working is Easier, Improved Customer Targeting (Enginess.io, 2016).
Businesses during the Pandemic
The pandemic hit so hard that it did not only affect our lives in general, but it also affected every business around the world. Mass layoffs, Risk of Closure, Financial Fragility, State Fund, and Increased Loaning has been the greatest effect of this pandemic to businesses (Bartik et al., 2020).
The current pandemic has undoubtedly put a toll to every business in the world. This outbreak has made an economic consequence across the globe (Naveen & Anders, 2020). All of society is affected. With this said, the changes in business have also changed how consumers behave.
Digital Technology Aiding Business during the Pandemic
As mentioned before, Digital Technology has given humanity a further push, now it also acts as an aid in the pandemic through the same following reasons:
- Faster Task Completion
With the great processors in our computers and different software tools to help us with our tasks, task completion is easy to achieve even if you are in the office or at home.
- Content Discovery
Through digital technology you can search anything at any time. With this function, industries all over the world can find almost everything they need to know on the internet at the comfort of your home.
- Lower Administrative Costs
Different software and hardware functions can easily replace administrative spots in the workforce with no human error, contactless, and more efficiency.
- Remote Working is Easier
People can work from anywhere through the use of the different softwares and hardwares provided by this type of technology.
- Improved Customer Targeting
All the data you need could be collected for you by this technology without even really going outside and physically interacting with other people.
Technology has always been a help to humanity. The right answer is only to utilize technology safely and accordingly. With the continuous improvement and subscription of digital technology who knows how farther can we be pushed to improvement.
Bartik, A., Bertrand, M., Cullen, Z. Glaesar, E. Luca, M. and Stanton, C. (2020). The Impact of
COVID-19 on Small Business Outcomes and Expectations. Retrieved from https://www.pnas.org/content/117/30/17656.
Enginess.io (2016). 5 Common Business Problems Solved with Digital Technology. Retrieved
Naveen, D.and Anders, G. (2020). Effects of COVID-19 on Business and Research. Journal of
Business Research, Volume 117, 2020, Pages 284-289, ISSN 0148-2963.