EOX Vantage Blogs

PART 2

Welcome to part 2 in our review of how the COVID-19 pandemic has changed the ways companies do business - in the short term, as well as probably in the long term and perhaps forever.

PART 1

The pandemic has changed the ways companies do business... in the short term, probably in the long term and in some cases likely forever. We have published some pieces recently on the virus's effects on the insurance industry. Now we want to take a broader view and see what it has done for all kinds of businesses in the economy.

Published in CHART Exchange | July 2020 issue
Author: Mike Fieseler

In just a few months, the COVID-19 pandemic has completely changed the world, basic human interactions and how companies do business. Being in risk management and mitigation guaranteed the insurance industry would not be an exception. The global crisis forced insurers to react quickly and comprehensively.

Published in CHART Exchange | April 2020 issue
Author: Harsha Chaturvedi

Digital transformation and disruptive technologies continue to impact the insurance industry. Until just recently, the everyday tasks of the business primarily ran on manual-input processes. Now the industry is increasingly going paperless and embracing digital transmission for its distribution networks.

Wednesday, April 22 is the 50^th anniversary of Earth Day. We here at EOX Vantage support greener workplaces. In fact, we recommend going paperless (or at least reducing your amount of paper) not only as environmentally responsible, but as a good business model as well.

The coronavirus pandemic is squeezing economies from local to global. Businesses are in free fall; unemployment is rampant; we’re all wondering how deep a recession might be and when the effects of social distancing, stay at home orders and other restrictions will end and where they will leave us.

Interviewed by Jayne Gest

Organizations don't always have complete control over their data. Perhaps, a third party hosts it, the data isn't in the right format for those who need it, or employees are spending time manually inputting data or moving it from one system to another. 

However, data that isn't controllable, accessible or shareable is pretty much worthless. It can't be used to improve business decisions.

Is your business evolving as technology advances? In 2020, tech enhancements like the Internet of Things (IoT), data visualization, data analytics, automated workflow processes and blockchain are necessary to ensure your organization continues to grow. These cloud-based, digital solutions require proper implementation, and such a task can seem daunting, but we're here to help. It's time to adopt a digital transformation, by understanding how and why the switch is viable for your organization. To evolve with technology and digitize your processes, the first step is to do your research, learn and understand the latest technology that is driving change and disruption.

Interviewed by Jayne Gest

Staying legally compliant is an ongoing challenge for business owners, especially when disruptive regulations like California's Assembly Bill 5, or gig worker bill, pass swiftly with little time for feedback.