The COVID-19 outbreak is a tragedy that will have widespread and long-lasting implications for humanity and our global economy.
As the coronavirus continues to spread around the world, more and more enterprises will miss their financial targets because of supply chain disruptions and dampened customer demand.
It’s also unclear how long this pandemic will last, since there is no vaccine to combat it yet, nor any approved therapeutics to slow the course of its toll on the human body. What should be clear is that COVID-19 will drastically impact most businesses for months, probably years. Bottom line: this will not be a short-term event so businesses must prepare for the long haul.
With this mindset, it’s imperative for enterprises to build in the necessary operational resiliency to survive this new reality. The COVID-19 pandemic has showcased the value of IT and digital transformation and organisations should use this time to accelerate the transition.
IDC conducted a survey in China last month and canvassed the opinions of 32 CXOs in ten industries regarding the impact of the new coronavirus on corporate business, the value of IT and digital transformation in the fight against the outbreak, and new digital transformation measures after the pandemic.
Here’s what they found: