Increase vision , increase productivity – the scope of digital modernization
Every year , new challenges influence business practices and drive innovation . Ed McQuiston , Executive Vice President and Chief Commercial Officer , Hyland , takes an in-depth look at how digitization is becoming less of a luxury and more of a necessity as a result .
It is fair to say that the world has changed dramatically over the past few years and continues to evolve . And while we largely have emerged from the pandemic and its associated challenges – social distancing , remote work , the Great Resignation – the hits keep on coming .
Supply chain issues are leading to stock shortages and long wait times , which is driving up inflation . Lack of skilled migration is leading to low unemployment – more people in the workforce is also putting pressure on inflation . As a result , interest rates are rising and investors are being increasingly cautious – especially in the technology sector .
Coupled with these economic trends , the physical world we inhabit seems to be equally volatile . The seeds for this article were planted on a trip to Australia , where the Eastern Seaboard has experienced sustained flooding for the past 12 months . Prior to that , there were catastrophic bushfires .
The situation seems to echo what is happening back home in the United States – significant parts of Florida , where I had hopes of sailing my boat in the near future , are still dealing with the aftereffects of Hurricane Ian , which devastated many popular beach destinations . Despite all this , the world keeps turning and companies continue to evolve in tune with it . Organizations are most definitely rising to the challenge and finding new , better ways of staying ‘ in the game ’ –