The Covid-19 pandemic prompted significant disruptions to global business models, yet it also catalyzed innovative adaptations, particularly through technology. Companies leveraged remote work strategies and socially-distanced solutions, a trend that has persisted beyond the pandemic. The Kowloon Motor Bus Company exemplifies resilience and success over its century-long history, attributed to its commitment to technological innovation. This importance of being tech-forward is underscored by a McKinsey report, which identifies tech-enabled business transformation as a trillion-dollar opportunity, noting that while only 20% of these transformations succeed, they generate significantly greater value when approached comprehensively.
In the face of the Covid-19 pandemic, many companies innovatively adapted their business models to survive, leveraging technology in unprecedented ways.
Kowloon Motor Bus Company illustrates how a tech-forward approach sustains long-term success amidst various global challenges throughout its over 100-year history.
The McKinsey report termed tech-enabled business transformation in the 2020s as 'the trillion-dollar opportunity,' emphasizing its potential benefits in earnings.
Successful tech transformations, while only 20% of total attempts, yielded 50% more value, highlighting the importance of comprehensive strategy in adaptation.
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