There are no “normal” workdays anymore thanks to COVID-19, disrupted supply chains, newly emerged customers, and vanished historical customers. Businesses, employees, customers, and suppliers are in a daily struggle to adapt, to adjust, and to continue to have their businesses exist. The one item that every business group needs more of are new, innovative ideas.
The COVID-19 crisis sent shockwaves through global supply chains. As a report from Deloitte lays out, the disruptions created by curtailed transportation, volume stalls, and delivery delays “exposed the vulnerabilities of many organizations.” Lots of businesses, it transpires, lack business resiliency. As the Deloitte report correctly concludes, into the future, businesses need technologies that “dramatically improve visibility across the end-to-end supply chain, and support companies’ ability to resist such shocks.”
Noone can accurately predict the social and economic impact of the COVID-19 pandemic, but by combining economic scenarios with datasets and prior experience, we can assess its impact on the engineering, manufacturing, and industrial (‘technical applications’) software markets in general, and IIoT (industrial Internet of Things) in particular.
Our civilization is in the midst of both housing and environmental crises—and it is going to impact how we manufacture and build cities of the future. The IoT (Internet of Things), AI (artificial intelligence) and other emerging technologies can help us be more sustainable in a number of different industries.
The coronavirus COVID-19 pandemic is bringing most key business activities to a near complete halt. If you work in a product organization, activities that a few weeks ago were routine such as a team meeting for a critical design review or traveling to audit a new supplier are no longer possible.