How Custom Software Can Help Your Business To Recover Post-crisis

For millions of people, the COVID-19 pandemic is becoming a life-changing event. Even if they are untouched by the disease itself, the commotion caused by the virus is having a profound effect on their lifestyles.

According to previous McKinsey research, the economic implications of the lockdown remain highly uncertain. In a midpoint scenario, the world economy would experience a sharp downturn followed by a relatively slow recovery, with physical-distancing measures kept in place for several months.

“In this scenario, the economy of Europe (defined as the EU 27 and the United Kingdom) would shrink 11 percent in 2020, and it would take until 2023 before economic activity would return to pre-crisis levels.” — McKinsey

For businesses, the priority right now is to keep their employees and customers safe, even as their companies face unprecedented cash-flow or operational issues. It is important, however, to look beyond the immediate crisis and begin to imagine the path to recovery.

So, How Can Custom Software Help Your Business Recovery in the Post-crisis Scenario?

IBM state that custom software development is the process of designing, creating, deploying and maintaining software for a specific set of users, functions or organizations…