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.
Over the last few months, we have seen a lot of articles discussing a potential excess of LNG in the short run. Most experts highlight three key industry dynamics - low LNG global pricing, excess supply in the short term especially with new production capacity coming online and long-term surge in demand for LNG. The key focus for LNG suppliers has been major markets such as Japan, Korea and China. The hypothesis that poor air quality in China will lead to switching from coal
Many companies are undergoing digital transformation to stay current in today’s world. Digital transformation is a challenging journey that encompasses cultural change and requires leadership engagement. However, setting up the right rigor, using the right tools and software lead to improved business operations for the company and its customers. Addressing the below three steps will ensure a successful digital transformation: Define business problem … It is critical to define