Welcome, let's improve your business today!
With nearly everyone facing a recession in 2021, businesses are going to be looking to technology to keep their businesses afloat. The COVID-19 pandemic made businesses shift their priorities in 2020 and as the pandemic enters year two, these strategies will be equally important in 2021. Let’s take a look at three trends you will see businesses follow this year.
For years and years, you would hear about businesses trying to support remote workers and pulling the plug after they deemed it a failed proposition. In 2020, you saw businesses acting out of necessity, demanding that workers (who would have loved to work from home previously) work remotely to be in compliance with state stay-at-home orders. Many businesses kept these policies intact, and now a large portion of the workforce continues to work remotely.
Since many studies reinforce the notion that remote workers are happier and often more productive than people that are required to go to a physical workplace, remote work may have finally lost the stigma it had for years. Obviously, businesses need to shift the way they think about their technology investments in order to make this work.
Many businesses have had to change course and have decided to forgo their planned technology investments and utilize computing resources delivered through public cloud platforms. This allows them to more easily control costs, but it does remove some of the control they have over their computing infrastructure. This is a deal they’ve had to make and a lot of businesses are finding that it works for them.
With a vaccine on the horizon, it will be interesting to see how business is conducted when it is completely safe to go back to the office. Regardless of what happens, it would be a safe bet that remote work will be more utilized after the pandemic than it was before.
One element of doing business that isn’t often mentioned is the actual cost of data collection. Typically, these costs were low, but with data privacy becoming a major concern for consumers, these costs are quickly increasing. That’s not including the cost of compliance, which is always expensive.
The trend will be to actually collect less data. That seems strange since all you’ve heard about for years is how much data needs to be collected, but today people know the value of their data and don’t want to share as much of it. This means that the liability for companies expands greatly. In 2021, businesses will do more strategic assessments of what data they need to collect and what data they really don’t.
When you are forced to distance yourself from others, one of the best strategies is to shop online. Today you are seeing businesses that didn’t have an online presence starting to prioritize online commerce. Ecommerce will continue to expand in 2021. Here are some tips for businesses looking to expand their online presence:
Ultimately, if your business is just beginning to use the Internet to keep your business afloat, you will need to prioritize the strategies that have made so many businesses successful online.
Hopefully, 2021 will probably see some things return to normal. To get an assessment of your technology or to talk to one of our IT experts about how your organization uses technology, give us a call today at 204-772-8822 or 1-833-847-0725.
Troy is a life-long entrepreneur who is passionate about helping business owners solve complex business problems with technology. He enjoys sharing knowledge to help other businesses succeed.
By accepting you will be accessing a service provided by a third-party external to https://www.hub.ca/