Tag: remote working

Data loss has financial implications, whether as a result of lost productivity or fines due to breaches of regulations like the Protection of Personal Information Act (PoPIA). In an already challenging economy, businesses simply cannot afford to not protect their data.

As the COVID-19 crisis redefines how economies and society as a whole function, human ingenuity has sparked a wave of innovation set to be the blueprint for the decades to come. According to the 2021 Trends, organisations will have the opportunity to map out new territory as they embrace new strategies, services and experiences to meet evolving human needs.

Business as usual has been flipped on its head in 2020. What was for many companies second nature, sending employees across country and continent to meet with clients and colleagues, sign new business and share knowledge has become a more measured and complex exercise.

Global equities can continue to perform well in 2021, but tech may have to share the limelight with some unloved areas. Meanwhile, a number of mega-trends will continue to gather pace. Global equities are by no means cheap, but they are reasonably valued.

The COVID-19 pandemic has created a highly volatile and uncertain environment for businesses resulting in a litany of new or heightened risks for directors and officers (D&O) as well as exacerbating the situation in an already strained D&O insurance market.

Based on our 2020 experience, new year predictions may seem like a game of make-believe. But predictions are one thing, trends are another. We share technology insights into 2021 based on emerging trends. COVID-19 shocked all businesses last year. However, enterprises are becoming used to the new normal and digitisation should return to previous levels of growth in 2021.

Looking back to the start of 2020, it is clear that as early as the first quarter we saw the pandemic render economic projections and business forecasts obsolete, while industries across all sectors of the economy were forced to reinvent the way business is done, leading to dramatic shifts in the landscape of the risks we face.

If there is one thing 2020 has shown, it’s that the late Romantic poet Robert Burns was right, when in the 1700s he wrote, 'The best laid plans of mice and men often go awry'. COVID-19 has wreaked havoc on our ability to predict the 'what’s next' factor in our business environments and this year has seen businesses scramble from Plan A to Plan B, before working their way through the rest of the alphabet.

Transformation and innovation make 2020 a year to remember as pandemic catapults new digital service offerings to elevated heights. We have embraced 2020 with a strong focus on people and health and safety; innovative technology and finding solutions to keep customer service at an all-time high.

COVID-19 has impacted the globe in unimaginable ways. While all industries and sectors have been altered to varying degrees Africa’s Technology, Media, and Telecom (TMT) sector has for the most part seen a boon because of the pandemic.