FOuR Perspectives — Episode 4
In the fourth episode we present to you the views of thought leaders — research analyst, business columnist, CFO, and a journalist on the topic, Budgeting for Investments for the post COVID-19 world: What will be the focus on budgeting in 2021?
COVID-19 has created various stress points for companies across the globe. It has also harmonized work trends and patterns that would not have been explored before.
Even as companies and people try to get back to ‘normal’ lives as the vaccine rolls out, the impact of COVID-19 is perhaps permanent. The pandemic taught us several things, previously considered as unfeasible, are now actually possible. We know there are other ways of working today.
Companies are investing more and more in the IT infrastructure to future proof the companies for any such crisis that may arise. Companies that had scaled Artificial Intelligence, machine learning, and Industry 4.0 use cases prior to COVID-19, found themselves better positioned to respond to the crisis.
As companies begin to plan the budget for 2021, especially post the announcements of Union Budget 2021, what do we have in store? What will be the trend?
In short, the budgeting will be planned in the direction of making the organization more resilient, highly digitalized, increased automation, skilled workforce, and rapid adoption of technology.
Disclaimer: The views, thoughts, and opinions expressed in the text belong solely to the participant(s) and not necessarily to their employer, organization, committee, or other groups or individual. The views provided are indicative of the participant’s opinion, and neither the participants nor any company they work for would be responsible for any claims or liabilities arising from any actions taken by the audience. Any action you take upon the information shared is strictly at your own risk. Any reproduction or illegal distribution of the content in any form, wholly or in part, will result in immediate action against the person concerned. The name, logos, typography animated device, fonts, and formats used in the visuals are the trademarks and property of Continental Automotive India.
Royalty-free music: courtesy BenSound.
