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If a company goes into a severe crisis, it emerges from it with greater success. This ancient knowledge was also confirmed in the Corona pandemic. Before that, in 2019, many Swiss companies were in a strong competitive position compared to European companies.
Specifically: Before the crisis, Swiss companies were more profitable, better located, and more valuable than the competition in Europe – at least in seven out of ten industries. During the pandemic, they were able to increase their revenues and profits compared to other European countries, as a study by management consultant Accenture showed.
The magic word: digitization
“Companies that invested in digitization before the crisis will expand their leadership reach,” the study authors wrote. Companies that exclusively managed their digital infrastructure prior to the crisis will be excluded. “One of the reasons for this is that the Covid 19 crisis has accelerated digitalization,” he continues.
Companies that weather the crisis have a lot in common, Accenture sums up: They are always innovative and operate in a flexible and resilient manner even before a pandemic. If you want to be successful, you have to be able to adapt. Swiss companies have succeeded in doing so, an analysis of 983 of the country’s largest companies shows.
Little cloud experience
However, Accenture’s management advisor doesn’t just give large companies good grades: they are still operating today on a decade-old infrastructure that receives more bad updates than good ones.
And in this country too, management advisors are identifying the need to catch up. Hardly every third company has tried the latest cloud solution – one of the most important data storage platforms of the future. (gif)
Publish date: 04/26/2021 at 6:57 pm
Last update: April 26, 2021, 7:01 pm
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