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How Companies Are Adapting To A Forced Digital Transformation

The pandemic drove online adoption forward by two to ten years in the space of two months. Read on to find out how companies are adapting.
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15/09/2020
Lisa Teh, Co-Founder of Mooning

The majority of the workforce going remote was something that no one could have predicted, and for many companies they have had to adapt swiftly. Not only in taking content online or offering delivery services where none existed before, but in standard business functions such as invoicing, HR process or onboarding. Our hand has been forced to spend time becoming completely digital in many areas, in a very small time frame, and these processes and procedures will undoubtedly remain moving forwards. 

While many organisations were previously taking a measured approach to their evolution, the coronavirus outbreak accelerated every timeline. Depending on the sector, the pandemic drove online adoption forward by two to ten years in the space of two months. Already a priority, the capacity for digital insight and fulfilment became business critical, whatever the business.

Companies recognising the need to adapt grew dramatically during Q2, as the length and scale of our current crisis became more apparent. From a survey that we conducted with eConsultancy, we found that in just over three weeks, the share of companies that instituted product or service innovations that will outlast the current crisis, jumped from 22% to 47%.

DigiTransform-Blog1

You only get one chance at a first digital impression, and a short time to forge lasting connections. The need for companies to have an excellent digital customer experience is key, so we’ll likely see CX, UX and digital marketing roles taking centre stage. 78% of senior executives say that having the right talent in CX, UX and digital marketing is critical to their ability to launch new products/services.

DigiTransform-Blog2

As businesses return to near-normal operations, companies must continue to reflect ongoing changes in the customer journey and maintain their strategy with digital at the core. The shift in customer behaviour inspired enormous creativity, and moving forward, the ability to rapidly innovate will separate winners from losers. 

If you want to read more about the changes in working and hiring caused by our current global situation, then you can download our free report to see what trends we're seeing and our predictions on what working life will look like moving forwards. Download the Future of Working Report. 

 

 

About Author

Named in the 40 under 40 most influential Australians in 2021, Lisa is obsessed with all things digital. She is currently well and truly down the Web3 rabbit hole and recently founded Mooning, a marketing agency focused on helping brands find success in this new phase of the internet. 

Lisa is also the Founder of Digital Marketing Company CODI Agency which specialises in social media management, content creation and influencer campaigns. Lisa and her team have worked with global companies such as Uber Eats, Lenovo and L'Oreal.

She is the Co-Founder of online platform Lisnic, a business and experts and listings platform that helps people scale their business; co-host of the Lisnic podcast where she's interviewed some of the world's top entrepreneurs including Netflix Co-Founder Marc Randolph, Gary Vaynerchuk, and Grant Cardone; as well as co-host of the Superist podcast which is focused on Web3 and the CODI Cast which focuses on marketing strategy.

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