Harnessing the digital transformation of the Covid era
Last week we talked about the potential risks of a digital transformation initiative; in this last episode of our journey we would like to deploy the concepts we talked about so far to the current reality.
As we all know, the pandemic has pushed society to a point where embracing technology is no longer an option but a necessity. With the right steps, businesses and governments can take advantage of this crisis to build a better future.
Therefore, how to harness the digital transformation of the Covid era?
Even before the pandemic, technological progress showed trending impacts:
1. Disrupted production processes through digital platforms
2. Lowered prices for basic skills in the labor market, but created a premium for skills that cannot be replaced by robots
3. Shortened terms of work, and made it available via online platforms, making it accessible and flexible
The pandemic is enhancing these trends even more, and governments and businesses have a series of policies to resort to in order to be prepared:
1. Increasing investments in human capital and learning
2. Strengthening social protection
3. Ensuring affordable internet access.
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