Signage is everywhere — from the roadside to the sidewalk. As one of the oldest forms of marketing, signage is an effective way for hospitality-related businesses to capture customer attention and provide important information that will make their stay more delightful. In the hospitality industry, signs can be used to convey your brand’s values and messaging and give customers an idea of what they should expect from a stay in your establishment.
With many challenges ahead of it in 2021 and beyond, the healthcare industry is reshaping the way it conducts business in order to stay agile and to seek to provide outstanding patient care. Among the tools healthcare providers will use is a growing relationship with digital providers that will help reduce physician burdens.
As with all industries, the engineering profession has felt the impact of the coronavirus pandemic, both fiscally and operationally. In addition to these challenges, the pandemic accelerated the move to a digital transformation, although the engineering and construction (E&C) sector is lagging behind in adopting these technologies.
In 2020, the coronavirus pandemic forced businesses from all industries to take a closer look at their operations and move toward a more digital environment. Digital transformation was a buzzword and the shift to remote work and hybrid office environments only accelerated the trend. As expected, the resulting interest in digital technologies saw the managed services industry explode, with a market size that should reach $319.5 billion by 2024.
A global shortage of computer chips is causing auto makers to cut production just as consumers are flocking back to dealerships as the demand for cars rises. With fewer models on lots, dealers are raising prices in order to keep bottom lines healthy. While consumer demand is still healthy, sales volume is on the decline due to inventory shortages.
With cyberattacks skyrocketing, more companies are taking a closer look at their cybersecurity practices to ensure their data is protected. Small businesses are particularly at risk, with 43% of attacks aimed at them, in part due to their lack of resources to defend against malicious actors. Complicating the issue is the continuing coronavirus pandemic, which has forced many businesses to rely on remote workers or a hybrid office environment to survive — broadening the attack landscape significantly.
The manufacturing industry has been under attack by cybercriminals, especially as the coronavirus pandemic wrought havoc on supply chains and disrupted business processes in 2020. Incidents involving ransomware directly affecting manufacturing increased by 156% from 2019 to 2020 and malicious groups used ransomware to extract $17 million from a maker of laptops and $34 million from an electronics company.
Utilities have been in the news a lot this past year as extreme weather events, the pandemic, and high demand have combined to cause widespread disruption. In fact, power outages alone have skyrocketed in 2020, up 73% from the previous year. Water utilities are also feeling the pinch as the coronavirus pandemic continues to drain limited resources, making it harder to serve the populations that depend on them.
It is a frustrating fact, but employees are still wasting time searching for the information they need to be productive. In fact, each employee spends at least 25% of their time searching for— and not finding — the documents they need. And their managers? They spend half their time doing routine tasks that could be better handled with workflow automation. Overall, up to 21% of total staff productivity loss is directly related to issues surrounding documents.
As we move further into 2021, a majority of businesses are continuing to shift toward a more digital presence, with 30% of large firms having a digital product portfolio and others creating digital divisions to focus on transformative products. In addition, there will be a continuing focus on cloud-centric infrastructure to help align both internal and external resources.