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This impacts firm’s revenue and also people’s pockets leading to a recession like scenario. And then there’s uncertainty on when this will come back to normal, what will it settle down as, etc. As past data isn’t relevant anymore, current models aren’t going to work. Compliance is another.
This is probably the first time ever that we are witnessing a demand, a supply, and also a resource uncertainty. Can we model the impact for such structural shocks? Last but not least, the crisis has also gotten enterprises to think of a lot of newer business models. These are strange times. And all at the same time.
So, the COVID 19 outbreak seems to have impacted the world on an unprecedented scale, and everyone is grappling with the environment of uncertainty that it has created. What are your observations around the impact and how people are dealing with it? BRIDGEi2i Advisor – PeopleAnalytics. Anushruti: Likewise.
Anirban believes that insurers can make the best of the situation by adopting digital practices with AI-tools to stay resilient in the face of uncertainty. And in some ways, the traditional models need to be re-looked or revamped. Tune in for more details and subscribe now! Subscribe Now. Transcript. Anushruti: Hi, everyone.
While customer confidence also takes time to recover from rising unemployment, the economic uncertainty, and anxiousness. But with that said, we do see a lot of newer business models emerging, new channels of customer engagement, and definitely bigger and newer business problems. So overall, digital is just more important than ever.
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