How businesses can get started on the road to recovery

Concept signpost image for the saying The road to recovery. Good image for healthcare or financial related themes.

As some businesses start to move into a recovery and innovation phase post-COVID-19, attention is turning to how to strengthen and prepare them for a changed future. Businesses that plan to “get back to normal” will need to take a strategic approach to thrive in a changed business landscape.

Some of the things that may have changed for businesses could include: a permanent shift to remote working for at least some team members; shift-based work to reduce the number of people in the office; and new processes to reduce the amount of movement required in the office.

While making these changes may carry an initial cost, it’s important for organisations to look at this as an investment in the future. With an approach that accounts for current and future business opportunities, organisations will be able to see what changes make the most sense for their team and how to implement them with minimal disruption.

Three ways businesses can revitalise for the road to recovery are:

1. Add digital workers. As organisations embark on the next stage of the business’s evolution and development, people are likely to remain the most valuable asset. With a great team in place, the business can pivot to meet opportunities and continue to grow sustainably. When people are stuck doing tedious, manual tasks, their productivity and ability to contribute meaningfully to the business is minimised. These tasks are often essential so it’s important to find a way to ensure they are done consistently and error-free.

Digital workers can step in and take on these tasks, freeing up people to add more value and do the tasks they enjoy. Digital workers are sometimes known as robots. In a process called robotic process automation (RPA), digital workers can work tirelessly and error-free to complete those mundane tasks such as processing invoices or claims, completing financial processes, or managing HR-related paperwork, for example. They can complete repetitive tasks faster and with complete accuracy, leading to better outcomes for staff members and customers alike.

Supplementing people with a digital workforce can let organisations move faster to take advantage of new opportunities as they arise, focus on customers, and reposition the business for future success.

2. Reduce paper with digitalisation. The era of big data has proven the financial and competitive value of information. Even small businesses often have a wealth of valuable data hidden in paper-based archives and filing cabinets. Turning this paper-based information into digital data can deliver significant benefits.

When data is digital, businesses can: find it faster and with less disruption; route it through automated workflows, saving time and effort; create powerful insights to drive decision-making for the future; free up physical space currently occupied by paper archives; and comply more confidently with information governance requirements.

Digital data makes businesses more efficient, people more productive, and decision-making more informed. To digitise data, start with a high-speed scanner with optical character recognition (OCR) technology.

3. Help remote workers be productive. As organisations of all sizes shift to accommodate a remote workforce, this brings considerations around how to make sure people get immediate access to the information they need without compromising security. Searching for and retrieving documents can be costly. Some estimates suggest organisations spend, on average, US$120 in labour to find one misfiled document; and one out of every 20 documents is lost.

A cloud-based information repository is the ideal solution. It collates all documents into a shared location, accessible by authorised users from a variety of devices and locations. This lets staff access the information they need, collaborate with colleagues, and keep pushing projects forward, all without ever having to come into the office.

Shane Blandford, Director of Marketing and Innovation, Konica Minolta