New business models are a big opportunity

When the pandemic threw the world into disarray in spring 2020, most organizations responded by holding on — barely, at times. Executives assessed the impact on operations and dealt with the immediate emergency. Now businesses are ready to move beyond resilience and recovery and capture growth.

Certainly, corporate execs and finance professionals have to focus on the future and take advantage of emerging technology. “You have to evolve to succeed,” explains Scott Brown, senior vice president of finance at tech distributor Mouser Electronics. “Whether it’s software, hardware or automation, we are investing in state-of-the-art solutions and systems to help us work smarter across all areas of the company.”

The good news: Nearly everyone is feeling optimistic. A worldwide survey of 297 business executives conducted by MIT Technology Review Insights, in association with Oracle, shows that organisations are ready to invest in innovative ideas to reinvigorate their organisations. And they’re getting the work underway.

Based on a combination of survey-based market research and in-depth executive interviews, this report explores how organisations are rebuilding business in the wake of the 2020 Covid-19 pandemic.

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