Since the onset of the COVID-19 pandemic, businesses have experienced unexpected changes. With new variants cropping up every now and then, going back to the pre-pandemic era is increasingly becoming difficult. 2022 looks even more volatile. Businesses have to deal with high inflation and the big quit.
About 72% of IT executives feel that supporting remote workers offers a channel of adapting to the changes in 2022. Adaptability ranks highly among IT Mandates that will help business organizations navigate the unpredictable changes in 2022.
83% of IT managers also believe that improvement in IT infrastructure can help organizations adapt to unpredictable external changes. Tools like Power BI Reporting could help businesses adapt to the changes. Microsoft’s Power BI simplifies the extraction and presentation of reports, which aids informed decision-making.
What is Adaptability?
The term adaptability can be applied in different fields, as it simply means changing your approach or actions in response to external changes. Such changes are external and, therefore, out of your control. The only option is to change your approach so your business can survive amidst the changes.
In the business world, external changes can be caused by a myriad of issues. Currently, business organizations are responding to the changes brought by the COVID-19 pandemic.
The pandemic disrupted almost every industry. It transformed the office (perhaps forever), brought high inflation, and triggered mass resignations. For business organizations to survive beyond the pandemic, they must adapt to the new order. Organizations have to adapt to changes in human resource management and the application of business intelligence in decision-making. Fortunately, or unfortunately, the burden of adapting to these changes heavily rests on the shoulders of IT executives and IT managers.
Role of Information Technology in Adapting to Business Changes in 2022
2022 looks even more volatile than the previous pandemic years. Most businesses had hoped to bounce back, particularly after the discovery of vaccines. However, it appears the year has more to it than just recovering from the effects of the pandemic. Businesses have to deal with the pressure of getting back to profitability and recovering lost revenues.
However, the emergence of other variants, mass resignations, and high inflation has sent most businesses back to the drawing board. The good thing is that IT can help businesses to adapt to these changes. Research shows that about 83% of business decision-makers believe moderate to considerable changes to the IT infrastructure could help businesses cope with the external changes.
Further, the decision-makers believe supporting remote workers, integrating information and workflows across the organization, and improving the speed of information technology systems, top the list of adaptability mechanisms. If the findings are anything to go by, then adaptability ranks highest in your IT mandates. As the IT executive or manager, you have to heighten your system’s adaptability to changes in workstation perspectives, and improve the efficiency of data analysis, extraction, and reporting.
Adaptability means you have to improve your IT infrastructure and apps to support business intelligence and remote or hybrid workstations.
What is Business Intelligence?
Business intelligence (BI) is a technology-driven process for collecting, analyzing, and presenting data in a manner that helps executives, managers, and workers make informed business decisions. Unlike in the past, today’s data can be collected in real-time through internal IT systems or collected from external sources through data mining. The collected data is analyzed to create information that can help the decision-maker make informed decisions.
IT executives and managers can use business intelligence to forecast their department’s needs in coping with 2022 changes. Sales executives can apply the information from BI to forecast changes in demand or ways of increasing revenue. However, to capitalize on the benefits of business intelligence, your IT department needs reliable and efficient tools like power BI.
What is Microsoft Power BI?
Microsoft Power BI is “a business intelligence tool that bridges the gap between data and decision-making.” The tool can help your IT department and the organization at large collect and analyze data more efficiently. Power BI helps your organization to go beyond collecting and analyzing data to making meaningful use of the gathered information.
Through tools like Power BI, your department can easily adapt to changes such as increased inflation. Your database can help you predict the future and make the necessary changes to remain competitive amidst the challenges of 2022 and beyond.
In some cases, you may find that the absence of a BI tool is not the challenge, but its accessibility. The Power BI Report Scheduler (PBRS) improves how important data gets into the hands of the decision-makers.
How else can IT Enhance Adaptability?
Other than the application of business intelligence in predicting the future, information technology can help in HR management. Thanks to work from home and the hybrid work model, more and more workers are now demanding better work-life balances than they did before the pandemic. Workers who cannot get their desired work-life balance from their current employer, opt for resignation. Given the high cost of attracting and retaining talent, businesses must develop a coping mechanism.
IT can help the organization deal with the issue of work-life balance by providing remote or hybrid workstations. As the IT manager, you may need to make the necessary changes to your IT infrastructure to allow employees to work from the comfort of their homes. This way, you will have introduced flexibility to their schedules, which provides the needed work-life balance.
Enhance Your Adaptability with Business Intelligence
The use of BI tools, such as Microsoft Power BI, instills flexibility in dealing with external changes. However, you may need more than just analyzing and presenting data to decision-makers. Changes in the employees’ perspective of today’s workplace demand simplification of tasks and accessibility of required tools. Using Power BI Report Scheduler (PBRS) with Power BI brings convenience, which helps your organization deal with the ever-changing business landscape.