The workplace has changed more in 2020 than the past 10 years due to the effects that COVID-19 has had on employees, the workplace, and the economy. It’s clear that organizations must pivot fast to adapt to changing customer needs and the shifting business landscape. You can achieve this level of agility by arming the people within your organization with the right data, digital capabilities, and resources. On top of this,
This blog was written in partnership with Kyle Fox and Codat.
Since the Paycheck Protection Program’s (PPP) inception in April, lenders throughout the country have scrambled to direct the program’s $660 billion of relief to small businesses in need. With that came challenges — largely driven by lenders’ out-of-date manual processes and overall operational inefficiencies — all of which ring true for the forgiveness process.
The need to share healthcare information electronically is not new — but it has become essential in our COVID-19 reality. Whether it is across different information systems, devices, and applications or across organizational, regional, and national boundaries — the timely and seamless access of information is paramount to optimize the health of individuals and populations.
The COVID-19 pandemic has exposed gaps in banks’ ability to provide resilient, reliable payment services. Situations where banks could not process payments due to lack of staff access to physical data centers, or because of vendor-imposed downtime due to security breaches, have been all too frequent in the last six months. To address these challenges, banks must replace or augment their legacy systems and move processing to the cloud.
The Paycheck Protection Program (PPP) has been a cornerstone of the U.S. government’s relief efforts for small businesses suffering from the economic impacts of COVID-19.
Since the Paycheck Protection Program’s (PPP) inception in April, lenders throughout the country have scrambled to direct the program’s unprecedented $660 billion of relief to small businesses in need. The results have been tremendous: almost 5 million loans originated and 51 million jobs supported, equating to more than 14 years’ worth of small business lending in just a matter of months.
Many organizations have begun to stabilize their business and meet the new needs of their customers and communities. Once they have safely continued operations, leaders can begin long-term planning and think about business beyond the immediate impacts of COVID-19. CIOs can leverage the learnings from previous stages and evaluate the impact the pandemic will have on the company’s digital transformation.
As we stepped into the new decade less than six months ago, there was a lot of excitement about what’s in store for individuals and organizations. However, nobody could have predicted the speed of change that would take place over the last few months due to the coronavirus pandemic. Still, many businesses have adapted and used the pandemic as a catalyst for modernization and change — proving their resiliency.
Organizations worldwide and the communities they serve are experiencing extraordinary trials because of the current COVID-19 pandemic. As we collaborate with our partners to provide insights and tools to help leaders manage their business and lead through change, we’d like to highlight some solutions Cognizant has developed to help address key customer challenges.
Nearly every industry from healthcare to waste management to manufacturing has been impacted by COVID-19. A strong data strategy in response to COVID-19 has enabled industry leaders to stand up against bottlenecks and workforce management issues.
As we start to emerge from the COVID-19 crisis, businesses and communities of all sizes are starting to look toward the next phase: reopening and getting back to work. To help businesses reopen the workplace safely, Salesforce launched Work.com, a set of pre-built applications, templates, and solutions built on Salesforce. Work.com helps manage the day-to-day logistics of returning to work, including critical processes such as managing work shifts to maintain social distancing or facilitating employee wellness checks.
COVID-19 has shown that in a time of crisis, governments need complete and up-to-date data to protect citizen safety, track and mitigate the spread of the virus, and provide key services such as testing and social assistance programs.
As more cities and states begin the reopening process, having a clear plan of action for intra-agency collaboration and informed decision making will be essential to keeping everyone safe.
