How Trends In Innovation Are Evolving Companies | Inc.com

EY Global Chief Innovation Officer Jeff Wong talks about the importance of companies doubling down on their investments in technology. “Now is the time for CEOs to prioritize finding the capital to accelerate investments in digital transformation that show value today and differentiate their organizations tomorrow,” Wong explains.

Wong brought this up at the peak of the Covid-19 pandemic. He emphasized that some companies had digitally differentiated themselves, while others had let old models decay. Those with the technology to maintain operations and take care of their employees came out on top. Those that didn’t thrive during the pandemic will follow their lead. 

The rise of remote workers is changing the organizational structure of businesses around the globe. Opportunities are everywhere, and resources are being distributed to new places. More work is getting done with fewer costs because remote workers don’t need all of the same benefits as in-house workers.

The internet has only grown since its conception. It may seem like old news, but more and more companies are making their bets online–a trend that’s only accelerated in the wake of Covid-19. This includes large corporations with already strong footing in their respective industries, as well as up-and-coming businesses looking to gain momentum.