WELCOME TO THE VIRTUAL WORLD!
The global environment has changed and continues to evolve apace; the COVID-19 crisis has created a greater push towards becoming a digital world; changes in behaviour and mindsets must be strategically aligned and adaptable to effectively bridge the digital divide. Feedback from the United Nations Conference on Trade and Development maps the renewed digital landscape since the last major global calamity, the 2008/09 financial crisis which looked at how a digitally-enabled world is working for some, but not equally.
Fortunately, some elements of the entrepreneurial community had been in transition mode long before the COVID-19 pandemic, and so, have been enjoying some amazing experiences most of which have proven that physicality can sometimes be absent from the equation of success. Many may have thought that restaurant dining was a far-fetched reality about a decade ago, but that has changed as Singaporean Restaurant – Virtual Saint Pierre recently launched their dining with the serving of exquisite meals in lacquered bato boxes and delivered by the restaurant’s suited staff to be enjoyed by friends and loved ones over a zoom conference using a link provided by the restaurant!
According to one of the world’s most powerful business tycoons, Bill Gates “as new software innovations emerge, things will continue to change – What is a virtual courtroom? He asked; What is a virtual legislature? How do you create logic? In some ways, you can create something that’s actually more efficient and better than what was there before.” He also cited Microsoft as having gone the way of virtual shareholder meetings even before the COVID-19 pandemic. Gates argued, “as many companies begin to follow this model, there is little doubt that they’d want to return to in-person meetings.”