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COVID-19

Indian Technology Industry: Driving Global Business Continuity and Value Creation amidst COVID-19

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The COVID-19 pandemic is the defining global health crisis of our time and the greatest global humanitarian challenge the world has faced since World War II. It has entailed business disruption like never before and affected hundreds of thousands of people across several countries globally. In fact, it is becoming increasingly clear that our era will witness a dramatic restructuring of our traditional economic and business order as we seek to find the “next normal.” The Indian technology industry has demonstrated remarkable agility and resilience in responding to the crises; ensuring business continuity for all global clients while prioritizing safety of its professionals. This document summarizes various efforts taken by the Industry, the overwhelming feedback across global clients, and t...

TALENT ENGAGEMENT AND RETENTION: The Doorway to Good Leadership in times of Crisis

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While browsing through the HR insights provided by Dr. D. Prasanth Nair, Co-founder of Asynithis (Indus Partners), in his twitter hashtag series #HRSutra, the following tweet caught my attention which says: “In corporates, one sign of a leader is the ability to engage with talent. Some leaders attracts good talent and retains them. Others end up losing good talent” Can you identify the keywords from the above? Well, maybe you are right there. Leadership, talent management, employee engagement, and retention. We people were never prepared to encounter such a pandemic. Minor setbacks aside, we didn’t realize that the ‘dynamic environment’ that we talk about has another set of meanings to it. In times of crisis like this, what any team expects from its leader is to anchor the ship, make...

Remote Operations for the Post-COVID Era

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Summary It is quite normal practice in manufacturing for certain types of operations to be performed remotely. But past practice has limited this to a highly restricted set of operations and analyses.  The COVID-19 pandemic has greatly expanded the need for knowledge workers to be able to perform their work remotely given the current and likely future need for a far more remote workforce. This new demand for remote access and remote work is unlikely to disappear anytime soon.  So rather than think of additional information infrastructure as a temporary solution addressing the global pandemic, manufacturers need to create new information infrastructure that will enable their knowledge workers to be productive in the future regardless of where they are working. When thinking about secure rem...

April 2020 Manufacturing ISM Report On Business Has Some Indices at All-time Lows

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The Manufacturing ISM Report On Business is published monthly by the Institute for Supply Management (ISM), the largest supply management organization in the world, as well as one of the most respected.  Economic activity in the manufacturing sector contracted in April, and the overall economy contracted after 131 consecutive months of expansion, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. Manufacturing contracted in April, as the PMI registered 41.5 percent, 7.6 percentage points lower than the March reading of 49.1 percent.  The PMI contracted strongly in April after dropping below 50 percent in March.  The PMI recorded its lowest level since April 2009, when it registered 39.9 percent.  The 7.6-percentage point decrease in the PMI is the ...

Combating COVID19 Through Technology: Golden Opportunity To Reset India’s Healthcare System For Greater Agility, Affordability & Accessibility

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COVID19 is being reckoned ‘the great leveler’ of our times. One thing is certain – the virus has made us critically introspect multiple aspects of society, community and economy building. Being a leader in digital transformation technologies and having established a firm foothold as a technology hub has given India a bigger fillip than most countries in managing and controlling the spread of the disease. In the 45 days, we have seen a significant increase in the usage of GPS-based contact tracing, AI-based screening of chest X-rays, 3D Printed Personal Protection Equipment and Ventilator Components, Robotic fogging of infected wards and thermal imaging to detect potentially suspected cases of COVID19. Every emerging technology is put to use. While deployment of these technologies has been ...

COVID-19 Global Survey (10,000 responses): Inside Business Impacts and Responses

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COVID-19 GLOBAL SURVEY: INSIDE BUSINESS IMPACTS AND RESPONSES

10 Takeaways from #TwitterChat on Crisis Communication during COVID-19

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Clear, simple and frequent communication is required during a crisis like COVID-19, which has turned the world upside down. Bloggers Alliance hosted a Twitter Chat in association with NASSCOM Community via @BlogIndiaBlog on 19th April, 2020 and it witnessed huge success. The theme of the discussion was “Crisis Communication during COVID-19” and the invited guests were Dr Amit Nagpal, Personal Branding Coach and Author – “Heroes Amongs Us” (a popular motivational book) and Dr. Reema Aswani, Artificial Intelligence & Analytics Research Lead – NASSCOM Research. The Twitter Chat emphasised the need for honest, precise, timely and relevant information with empathy during any crisis amongst other things. Here are my 10 key takeaways from the Twitter Chat: ...

Steps Education Industry should adopt to keep Enlightening in COVID-19 crisis

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  With the growing concern in every sector about the unpredictable future COVID-19 is bringing, the education sector has its own share of fear too. But, unlike other business ventures, the education industry has greater chances of survival if few guidelines are followed and changes are made. Some of the organizations in the education sector have already started taking precautionary measures to keep their productivity running. If you haven’t taken them yet, learn here what you are missing. Just go through the points given below and you will get to know the points along with learning the missing part. Significant steps to take in the education industry First Step: If you still haven’t taken the online measures to be implemented in your educational institution then you are at a big loss,...

How can a Startup survive in Lockdown crises?

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The coronavirus, also known as COVID-19, has put the billions of Indians and other nations into stagnation. Also, the economy seems to be sliding down. All the start-ups and SMBs are facing the same issue as yours – how to work and deliver? Industries have been temporarily closed until the lockdown and pandemic ends. Start-ups are no exception. The devastating effects on travel industry can be clearly felt with hotels and flights closed. Some Indian leaders and startup enablers have come up together in support of startup community. Other than these, intuitive employee experience solutions like HRMS system can solve more than half of their difficulties. What basic challenges would a startup face amid lockdown? No cashflow Payroll for remote employees Employee expense Office bills Employee m...

How COVID-19 reinforced the importance of Business Continuity Planning?

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These are hard times, life has changed dramatically for all of us in the past few months, weeks, days and is now changing by even hours. What started as few news alerts at the beginning of the year 2020 has exploded into a pandemic the likes of which we have never encountered, not as a generation, not as people – ever. The words fall short to describe what the world is going through, right now. From where we stand today, it seems that the ripple effect of this pandemic on the social and economic fronts will be long term, far-reaching, and the world will need a lot of time to be back to how we knew it. The situation is grave at the business front. New dynamics are being created, with lockdown of the physical boundaries and surge in workers engaged from their home locations. With COVID-19 sp...