The COVID-19 outbreak has changed the way we view the world and our future.
This is no truer than in the business world, where it has exposed the flaws in our old-fashioned business models that relied so heavily on face-to-face interactions. Such sudden changes had left a huge gap in the market for tech-based companies to exploit. The challenge for companies now is to offer efficient and digitally diverse business operations.
As leading ERP software, Dynamics 365 offers AI-driven applications that support the running of company operations across all departments. They make the operations simpler, faster, and better with the ultimate goal of minimizing company costs and increasing profits. This software is the future of the digital transformation and is what companies must invest in if they wish to gain an advantage in the new marketplace.
Financially many businesses have been hurt during this period of lockdown and they will understandably be hesitant to spend their limited funds. It may seem a difficult time to invest in advancing their technology, but this will prove to be a shrewd and calculated move in both the short and long term.
In the short term, we have already seen the economic damage rigid business models suffered as a result of the pandemic.
In the long term, even in the best-case scenario that the virus runs its course and comes to an end, the right investment in ERP software will remain fruitful.
This is because the marketplace will remain to be dominated by tech companies. It is important to note the lockdown measures only accelerated the digital revolution. It had already begun before the outbreak and will continue to do so after. Life will never go back to ‘normal’ and companies must anticipate the challenges of the new digital marketplace.
Dynamics 365 is a sensible investment as it offers a wide variety of tools companies can use to grow their business.
ERP systems offer big and small companies alike, opportunities for transformation, integration, and growth. It is no surprise therefore that Dynamics 365 already boats some of the biggest clients that use its applications such as UNICEF and Pandora, and they have both benefited greatly.
It gives businesses a competitive edge in a digital environment. This includes the foresight to stay ahead of trends and be proactive in the market instead of reactive.
With the help of AI-driven insights, the NBA franchise The Miami Heat, for example, boosted their season ticket sales by 30%. Using the AI insights, they were able to make sense of their customer data and improve their fans’ overall experience. This would have been otherwise difficult to read without the technology breaking the data down and showing the patterns. The insights led them to increase fan engagement and also help reduce operations costs by $1 million.
Another challenge for companies during the lockdown has been data protection. With a sharp increase in the number of people working remotely, there has been a greater risk for leaks if the technology is unable to support and protect the data. With no signs that remote working will fade, powerful and secure enough technology is required.
Dynamics 365 is able to store the data in one place securely with the added benefit of being fully flexible. New technology can be added and removed at any time.
With more people working from home, there is also a danger that the company loses its direction and synergy. Employees working individually or in teams must be able to collaborate in this hybrid work environment and need the necessary tools to remain connected. Companies must evaluate their business strategies and ensure they invest wisely in ERP systems to avoid such issues impacting them, as they offer excellent platforms.
The world is changing but with these changes come with opportunities. Investing in technology means the doors to potential new business strategies always remain open. With a decline in face-to-face transactions caused by the outbreak, companies have utilized technology to explore alternative methods to generate sales.
This can be seen in the greater online presence of retail brands and the rapid increase of the Telehealth industry. There is no predicting when further changes to business models need to be made in the future and what they may include.
Digital transformation and investment in the right ERP software, however, can aid companies to adapt smoothly and timely to the volatile demands of the environment. Companies must now plan for life beyond Covid-19 and with the digital transformation here to stay, investing in Dynamics 365 and remaining tech focused will allow them to reap the benefits of their investment in the future.
We at Business Experts Gulf Dubai, UAE are focused and well-focused with the scenario of Life beyond Covid-19 and we can guide you choose the best solution that can help your business run smoothly and be digitally available in the era of digital changes.
To know more on how we can Digitally transform your business with the right Microsoft Dynamics solution, drop us a mail at info@bemea.com