Earnings in the first quarter of 2020took an enormous hit as companies worked to adapt and respond to the coronavirus pandemic, whether or not companies were ever forced to shut down.
Across the board, companies have had to shrink their workforce, cut spending, delay or cancel big, transformative projects, and reduce their expected revenue for the year. Even Amazon saw its profits shrink due to COVID-related expenses.
As companies look to move forward, they need to find ways to make up for lost time and lost revenue. But, inefficient processes and slow responses to new workflows are only going to hold your organization back.
Companies are having to implement new workflows to ensure their employees stay safe and adhere to new local, state, and federal guidelines and regulations.
Social distancing guidelines may require workforces to stagger shifts and adjust workspaces to keep employees at least six feet away from one another. These guidelines may mean there are fewer people in the workplace who need to do the same amount of work they did pre-crisis.
Many companies have turned to low-code platforms to enable them to be more agile and flexible in order to quickly pivot and respond to any challenge or disruption. With the ability to integrate data from multiple sources, low-code platforms have helped companies rapidly address new and urgent challenges presented by COVID-19 and pre-COVID-19 challenges.
Here are three ways to use low-code technology to quickly automate new workflows in days, not weeks, to make up for lost time and prepare for any future disruption.