Opportunities For Technological Disruption In Times Of Crisis

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Opportunities For Technological Disruption In Times Of Crisis

Opportunities For Technological Disruption In Times Of Crisis.

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    The business landscape has changed, and it will only continue to do so. In this time of technological disruption, it is an undeniable fact that organisations must gear up towards being equipped with the necessary digital and management skills to adapt and innovate. There are technologies like Artificial intelligence (AI), IoT, Analytics, Blockchain, Machine Learning, Cloud & Edge Computing, and Gamification offers immense opportunities for companies to develop resilient business models in the face of this unceasing change. Business disruptions can impact organizations of any size in any location. From weather, to power outages, political events or even virus outbreaks, every organization needs to develop a business continuity plan to ensure its business operations can continue, no matter the disruption. A critical component of that business plan is to ensure that users remain productive while maintaining the necessary level of security and control over user access to corporate resources.



    Disruption is an inescapable challenge for all industries. And when companies face it, they typically make cautious moves. They raise barriers to entry instead of extending themselves outward. They rely on what’s worked for them in the past, in lieu of seeking deep change on the inside. They double down on efficiency, rather than committing to real innovation. Going forward, several fundamental consumer and business trends will converge to shape businesses in the post-pandemic world. For example, companies will face pressure to become more resilient and respond to crises more quickly, which will cause them to adopt automated digital approaches to their processes. Supply chains will be put under the microscope. Employees will have much different expectations of their employers, including assuming that employers can offer flexibility and remote w

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    Technology has not only fostered innovation in our country but has also enabled the citizens to aspire for financial and digital freedom. Technological developments have led to revolutionary inclusive innovations such as blockchain, with digital assets like Bitcoin and Ether, taking the Indian youth by storm. They offer millennials and zillennials, who are now dabbling in alternative investment options a chance to attain financial freedom. Bitcoin is built on blockchain and provides unprecedented freedom that accompanies decentralisation. It places the power in the hands of the investors and eliminates barriers around transfers and mobility. Bitcoin and Ether are the biggest and oldest cryptocurrencies backed by sound technologies, and long-term disciplined investment in them can bring great returns and further the agenda of economic independence.

    Technology especially became a crucial part of our daily lives in the socially distanced world. Industries all over adopted digitisation at record speeds to cater to the changing consumer needs and to stay relevant. The recently launched e-RUPI, while not built on blockchain, is a type of digital currency that shares some basic principles with blockchain of eliminating the middlemen to ensure the benefits, reach the beneficiaries seamlessly, digitally and without any leaks, leading to greater financial freedom that, empowers beneficiaries with leak-proof, digital, cashless and streamlined access to benefits without the need for middlemen. Financial inclusion will foster equitable financial freedom for the vulnerable and marginalised sections of the society, especially women, and are great enablers for balanced growth of the country.

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