The Coronavirus outbreak and worldwide reaction to the pandemic will force organisations to radically reconsider how they all aspects of how they ‘operate and embrace technological investment’, including their cyber security strategy.
According to a report from ABI Research, Taking Stock of COVID-19: The Short- and Long-Term Ramifications on Technology and End Markets, commercial entities in particular ‘cannot do anything but make bold decisions to survive’ the impact of COVID-19. Bold decisions and technological investments could lead to outcomes such as:
- A more concerted and widespread move to ‘lights-out’ manufacturing.
- Increased usage of autonomous materials handling and goods vehicles.
- A more integrated, diverse, and co-ordinated supply chain.
- Investment in smart cities to support community resilience.
- Further moves toward virtual workspaces and practices.
“Before we feel this potential long-term impact, there will be some serious short-term implications,” says Stuart Carlaw, Chief Research Officer at ABI Research. “Contractions in consumer spending, disruptions to supply chains, and reduced availability of components, will create a rough sea for all boats… In the short-term, there will be reduced investment in modernisation, as survival instincts trump the drive to prosperity.”