Massive change produced by the #COVID19 recession will drive renewed double-digit growth for certain firms and send others to irrelevance says Malcolm Frank via Business Today.

One of the biggest expectations we have of digital transformation is the hope that it will bring fresh impetus, particularly for the industrial sectors. Internet of Things (IoT) or Industrial internet of things (IIoT) is the pillar on which these hopes are built.

Think about this: for decades now, some of the most innovative and game-changing organizations on the planet have operated completely remotely and virtually from day one, releasing product after product, without even paying their participants.

With Industry 4.0 embraced at scale over the past few years, COVID-19 has only accelerated its influence in the manufacturing space.

In addition to responding to changing customer expectations, higher operating costs, new technology, and an evolving regulatory landscape, financial services organizations now also face the uniquely challenging business environment created by COVID-19.