We the people are in interesting times, to say the least. Not only has COVID-19 seriously affected people’s health and our healthcare infrastructures, it has also had serious financial impacts. Indicated by the stock market, COVID has led to a volatile economy. It’s caused businesses to go bankrupt, disrupted global supply chains, and catalyzed unemployment filings of 3.28 million Americans just in the first couple weeks of the shutdown. The pandemic has brought unexpected and unprecedented variables that many companies were not prepared to handle. Although we’re seeing signs of the virus easing, long-term ripple effects will linger for years, and the likelihood of such pandemics occurring again is increasing.
The largest and most obvious reason the economy has suffered is due to the need for businesses to shut down or lay off employees due to the inability to congregate in a brick-and-mortar space and carry on business as usual remotely. It begs the questions, do companies need to 1) incorporate better or different preparedness in their remote capabilities and crisis management plan and 2) what would this look like?
As a Digital Transformation company using cloud-based infrastructure, AI, Cloud Computing, Machine Learning, and IoT, Aureus Tech Systems was able to not only able to stay afloat in these challenging times, but able to return even greater ROI because of the increasing demand for cloud-based solutions. Similarly, Aureus clients relied on these capabilities more than ever before to function at a high-level remotely. The advanced technologies that Aureus uses and offers allowed for a seamless transition to full-remoteness and continued accomplishment of major projects.
On March 16th, Aureus went fully remote and into the cloud overnight. Keeping employees safe was an easy decision knowing that all the necessary tools needed to make swift changes and adapt to externalities or external circumstances were available. This transition was illustrious of the proverbial saying “practice what you preach.” Aureus didn’t skip a beat or a single day of work, and was able to serve existing customers while also continuing to improve and innovate our technology stack.
Since March 16th, Aureus met 100% of all our product and/or project release milestones, specifically in the Legal, Pharmaceutical, Medical Aesthetic, and Commercial Insurance industries. These milestones include:
- Developed Sculpting IoT Solution for Medical Aesthetic client
- Engineered mechanism for provisioning software for Edge/IoT medical device
- Delivered tissue portal Modern Digital Workplace Solution for both external customer and internal employee engagement for Pharmaceutical client
- Created compliance and data mining solution for pharmaceutical client
- Built corporate healthcare site for pharma, legal, and other industries,
- Implemented customer intelligence platform for major re-insurance company
- Released 3.0 updated version of eDiscovery platform Anvesa, focused on AI & ML
- Continued to manage ongoing cloud-based SaaS, (Anvesa, Smart Connect/Digital Workplace etc.) for existing clients without missing a single service-level agreement
Of course there are exceptions, like businesses in the service and hospitality industries, but this technological adaption not only serves businesses in times of disaster, but in any situation when working remotely is the prime option—which seems to be more of the norm than the exception these days. If many businesses digitally transformed their technologies from on-premise to cloud-based off-premise, integrating this into their daily operations and crisis management plan, they’d likely be able to seamlessly carry on business as usual and see a lot more numbers in black than red.
Digital transformation, however, transcends the enabling of remote work. It enables businesses to grow and evolve, which is essential to any business’s relevance and profitability. The world and its possibilities is growing at an exponential pace with the advent of new technology across the globe, specifically in IoT and AI. In order for companies to compete, they’ll need to start eliminating antiquated technology while investing in and stabilizing themselves within the bedrock of cloud computing, enabling them to grow in the future at scale.
For example, the amount of data we produce is truly mind-boggling. It never sleeps. It’s on overdrive. It bombards our countless devices, apps, platforms, etc. every second of every day. According to domo.com, in 2015, 90% of all data today was created. And according to Seed Scientific, at the beginning of 2020, the digital universe was estimated to consist of 44 zettabytes of data. By 2025, the digital universe will consist of approximately 175 zetabytes. As clearly illustrated, the amount of data is growing exponentially every year.
In order to handle this amount of data—and to remain competitive—companies will need to adopt new technologies to collect data, process it, understand and assess risks, and conduct business everywhere to take advantage of growing economies. There’s no other way around it. Just like the car replaced the horse and buggy, Cloud Computing will replace on-premise, outdated technology systems before we know it—and companies must adapt.