Search
Register

COVID-19

How a crisis changes the business landscape?

|

By Mr. Vikram Kumar, Co-Founder and Managing Director, SRV Media Pvt. Ltd. What is a Crisis? The world has gone through many crises, The Great Depression of 1929–39, The Asian Crisis of 1997 or be it the Great Recession of 2007-09. All of these wrecked havocs in the lives of people around the world. The most unprecedented and latest among them is the COVID-19 pandemic. What a Crisis does to Business? A crisis can result in stock markets crashing down globally, increased unemployment rate, economic slump and much more. All these result in disrupting economic revenues and profits generated which is directly related to shutting down of various businesses. About 94-95% of businesses globally are small scale companies and employ a majority of the global workforce. These are the ones who are dee...

COVID 19 – Importance of Data

|

COVID-19 Coronavirus is clearly on the minds of us all. It has impacted our businesses and our personal lives.  Everyone at the EDM Council hopes that you are all doing well. We all need to be diligent, follow the advice of our medical professionals, and above all, stay healthy. It is during times like these that we realize how important data is in everything we do. Combating this virus will depend upon accurate and timely data that will ultimately help medical professionals and communities stem this crisis. The systemic impact of this crisis will require the curation and use of data to fully understand the financial scope of the crisis and help decision-makers respond and secure our economy. Let there be no mistake about it, what we do as information professionals impacts our businesses, ...

The Lockdown Effect: Changing Face of Employee Engagement & Satisfaction

|

Social distancing and the prolonged lockdown period have led to an all-remote working environment. Businesses have shifted to the virtual world. Employees are working from home. The interactions among the stakeholders of an organisation are happening through online platforms. There is no physical contact whatsoever. The situation is not expected to change any time soon. Considering this sudden and uncontrollable change in work-style, organisations are trying to focus on the most important pillar of their success and business continuity – their employees.  Working from  homes often with limited resources and restrictions, the employees are facing a hard time balancing professional and personal life. They are operationally and emotionally distant from their teams and managers. Employee...

End of Biometric attendance. Is Facial Recognition next?

|

Given the highly contagious Covid-19 threat, the use of biometric machines has come under scanner Consider this: A steel plant has thousands of contract workers. The plant has now restarted after the pandemic. The bio-metric machine used at the security is now a risk. However, a reliable alternative is needed to check the impostors entering the plant in place of actual workers. Could facial recognition attendance system be an alternative to bio-metrics ? Face recognition As facial recognition technology adoption by mobile companies demonstrates, facial recognition is emerging as a hands-free way to gain access. However, facial recognition algorithms must still overcome some significant challenges to become mainstream. Challenges for Adaption of Facial Recognition Costs Advanced technology ...

Impact Of COVID-19 On Industrial Manufacturers

|

From late March through the middle of April of 2020, ARC Advisory Group, in conjunction with automation.com, conducted a web survey to gain insights into how industrial manufacturers are being impacted by COVID-19 and how they are responding to this global pandemic.  This report summarizes the results of the survey and subsequent interviews. Clearly, no company is immune to the impacts or has had to deal with so much uncertainty at one time.   As we learned, manufacturers’  responses to the pandemic have been varied.  For example, while some manufacturers are decreasing production and furloughing workers, others are increasing, shifting, or relocating production to meet demand.  Procter & Gamble, 3M, Georgia-Pacific, BASF, ExxonMobil, Tesla, Ford, GM, ArcelorMittal, and Air Products ar...

A Small Business Guide to Surviving a Pandemic

|

History is a brim of evidence on how pandemics in the past have hampered businesses around the world. A crisis that rarely occurs, it is generally the small and medium scale businesses that suffer the worst effects whenever a global pandemic arises. Take an example of the Coronavirus for instance. As the world battles the outbreak of COVID-19, small scale businesses have been the hardest hit so far. In fact, local ventures providing travel and manufacturing services are staring at a turbulent time ahead. Here’s a little survey to show how small scale businesses have been impacted due to the ongoing pandemic today. Now here’s a thing, while for small businesses to survive a pandemic calls for agile planning and implementation, the points discussed below can certainly assist owne...

Enabling Manufacturing using IOTA – A possible approach post Covid-19 paradigm

|

Internet of Things is no more a technological breakthrough. Industrial applications have been faster in adoption of IoT and it has been playing a significant role for businesses that requires internal tracking, attaining near to zero error with less manual intervention, enabling machine to machine talking along with prognostic maintenance. RFID chips and other sensors are much cheaper in terms of cost and easier to manufacture than most of the sizeable and lumbering consumer electronics. The future of IoT will continue in these lines, especially post COVID with lot of manufacturing concerns embracing automation at a massive scale gradually shaping the smart industrial applications concept. However, the block-chain of IoT also calls for distributed and secure exchange of data captured throu...

AI combating COVID-19

|

source:- https://www.biospectrumasia.com/news/46/15811/assistive-diagnostic-ai-tool-to-tackle-covid-19-in-malaysia.html No one would have believed, that the AI (Artificial Intelligence) which emanated from the myths, stories, and rumours being bestowed with intelligence and consciousness, would help the human species combat the deadly virus “COVID-19”. The root of the AI can be traced back to the 1940s, with the advent of programmable digital computers. In these tough times, AI is being the right hand for humans not only in the identification of  COVID-19 but also in precautions. From the hospitality industry to the export industry. “In the fight against COVID-19, AI offers an important arsenal of weapons,” said Erick Brethenoux, research vice president at Gartner. Impact of COVID-19 on th...

COVID 19: A Marketers Perspective to change

|

The Covid-19 pandemic continues to be a global threat, impacting millions globally. Global economic realities are significantly impacting every industry. In this unprecedented new reality, the massive changes in customer buying behaviour and change in outlook have put a significant onus on the Chief Growth Officers and the Marketing leaders. In a recent research published by Newscred 56 % of the CMO’s identified “Managing Shifting Priorities” as their biggest challenge. As organizations, adapt to this new normal and prioritize their goals for 2020. Marketers are struggling with entirely new challenges: What should be our message to the customers Where should we spend our marketing budgets Should we cut down spending or should we spend more A study by Conducter shows that more than 65% of m...

Digital Identity post Covid-19 pandemic

|

Biometrics have caught keen attention due to cyber threats and data privacy concerns. For a post-coronavirus world, Biometric authentication will become a promising solution for verifying identities at a distance and without much human intervention. Biometric verification using Face, Fingerprints, Iris and so will see emerging innovations to face the aftermath effect of coronavirus pandemic. At this point in time, developed countries like China have already brought more innovation in identifying the infected patients at ease and contain the virus at a faster pace. For example, China uses facial recognition software to identify and diagnose potentially infected patients on smart healthcare buses. How Biometrics pave way for Contactless Technology: Several countries try and employ contactles...