Tag: digital transformation

It’s safe to say the pandemic has sparked a record demand for tech products and solutions. Though business leaders have been talking about digital transformation for years, COVID-19 has been the catalyst for them to stop talking and start implementing.

Digital transformation is changing the ways businesses operate throughout the world. New technologies like cloud computing, artificial intelligence (AI), machine learning, and predictive analytics, already have had a profound impact on the world’s economies and continue to disrupt industries.

The future leaders in auto and equipment finance will be those who make strategic investments in digital transformation, platform modernisation and capability development to attract a new kind of customer and stay competitive in a rapidly evolving industry.

As lockdown restrictions ease slightly in South Africa and some economic activities resume, the logistics and transport sector is likely to become a centre point of the 'new normal' as consumers increasingly shift to remote shopping.

Following the endless stream of COVID-19 headlines, extended lockdowns and associated economic hardships, we are all suffering from Armageddon fatigue. It is easy to become pessimistic in the face of the very real challenges we are grappling with.

In a dynamic, connected environment where sensitive customer data is highly attractive to hackers and forms the lifeblood of the business, facing a cyber-attack is no longer a case of 'if', but 'when'. Of greater concern is how to minimise the impact on their business and on customer trust.

The oil and gas industry are no stranger to supply and demand shocks, having faced more than a dozen such blows over the course of the past four decades. Most of the supply side blows were the result of sudden supply pullbacks in reaction to geopolitical unrest.

The idea of a digital state where different areas of government digitise data and collaborate to provide services for its citizens has been a long stated ambition for the South African government, as part of its push to embrace the 4th industrial revolution - but now it’s more important than ever.

There are plenty of gags out there about how the main driver to fast-tracking digital transformation in business has been COVID-19, rather than the CTO – and , sadly, they’re largely true. The necessity of shifting the majority of global office workforces to a ‘work-from-home’ scenario almost overnight has seen a huge shift in the way businesses function – and forced those who weren’t embracing digital to do so, in a hurry.

Mid-size enterprises are at a crossroads. To innovate and thrive in the current economy, they need to be able to rely on sound data management. But data storage solutions can be costly. It’s tough right now for businesses to find a silver lining amid the unprecedented social and economic upheaval. But as with any mega-world event, the current situation also presents opportunities that were not previously planned.