People Assetz recently conducted a survey to evaluate how companies are adopting digitization to improve business productivity to deal with the slowdown due to COVID-19. Below are the survey results and three key takeaways: 1. Firms believe digitization is important, but unclear how to implement - 87% of the respondents believe that digitization will streamline business operations - Only 26% of respondents are planning to implement new IT tools - 65% of respondents are not su
Business transformation, business growth or dealing with the current COVID-19 global pandemic all have one thing in common – developing a sound business strategy. However, developing strategy is one piece of the equation, the other piece is to have a strong implementation plan specially if it involves driving cultural change. Change management requires adopting a new way of doing things and eliminating older processes for implementing the same task. Using the right technology
The COVID -19 global pandemic is hurting industries from retail, industrial, airlines and many others. Recently, People-Assetz has provided consulting services to a client to evaluate the impact of COVID-19 on MRO (Maintenance, Repair and Overhaul) business. For many segments ex. Industrial, aviation this is a key business that generates high margins and cash. Typically, service jobs are short term in nature that generate revenue and cash in a relatively short period of time.