With strict restrictions on travel and tourism, business events both domestic and international have taken backseats, thus significantly affecting events businesses. Additionally, a prominent shift towards rapid digitization is experienced in the events industry which is one of the worst hit industries after travel and hospitality.
The facets of fast paced transformation spurred by the global crisis has thoroughly impacted service solutions such as on-demand services of food, cloud-based offerings, telecommuting as the major ones. Almost like a boon in disguise situation, the global Covid-19 pandemic is touted to have pushed enterprises and functionalities towards digital transformation.
Microsoft is likely to announce its big move of shifting all its major events of 2020 calendar to online counterpart in the wake of the global pandemic. Enterprises and businesses are banking on online events rather than cancelling them altogether. This really marks the beginning of large-scale digitization and is also likely to offer new business opportunities to events industry. Hence, the sharp shift towards digitization remains inevitable.
Work from home is a new gateway to enable optimum job productivity amidst uncertainties and lockdowns.
Further, telecomputing is also ushering in the new side enterprise management and productivity management. Besides work and productivity, maintaining proximity with friends and family is also undergoing digital transformation with videos remaining a steady support at crucial times when physical communication seems challenging.
The situation has enabled heavy reliance on apps such as Slack, Zoom and the like that are witnessing mega scale adoption globally for productive co-ordination and to maintain client communication.
Therefore, enterprises are unfailingly accepting the digital leap in their work process to eliminate premature disruption or replacement. Needless to mention, cloud-based services continue to remain a steady backbone allowing stakeholders to have seamless access to analytics and company documents in real time.