In December 2019, the discovery of Covid-19 in Wuhan, China, sent the world into an economic crisis, unseen since World War II. The effects felt of the health crisis have proven to run much deeper than mortality rates, as countries closed their borders and businesses were forced to shut. The stock market collapsed in March 2020, almost all stock indices around the world recorded their largest one day fall on record. Businesses, regardless of size and scale have felt the impact in some way due to the repercussions of Covid-19. Corporations have been forced to re-evaluate their strategies, implementing years of change in an extremely short space of time.
The pandemic led to a significant shift to digital platforms, as consumers moved to online channels and remote working quickly became the norm. Businesses alike had to react, fast. Organisations implemented digitalisation between twenty and twenty-five times faster than they believed they could before the crisis, with remote working being implemented in just eleven days, on average, according to a McKinsey report. The adoption of digital technologies due to COVID-19 is being seen through the end-to-end supply chain, with faster and broader adoption of data and predictive analytics, cognitive automation and AI, application and infrastructure platforms, digital reality, digital supply networks, smart factories, and e-commerce. And it appears that businesses who have embraced and invested in technology, are reaping the benefits, being twice as likely to report outsize revenue growth.
The notion of technology in business is not a new one, however, businesses have been slow to adapt pre-crisis. But, digitalisation is well and truly upon us, and, does not look to be a just a short-term fix to the current pandemic. Instead, technology is being embraced as a business priority, and embedded into long-term initiatives to support this new economy.
However, while 98% of Irish businesses in a recent study by the Executive Institute, reported that technology guided their firm through the crisis, a clear lack of in-house skills was a barrier to their digital success. This suggests there is a real need for technology suppliers to support the change of status quo by offering a personalised offering through cloud-based products, apps and digital connectivity services. At Edac, our mission is to do just that.
Our software solution
With experience in the environmental services contracting industry, we know that centralisation of environmental compliance documentation can be difficult, with little to no central location for documentation and with heavy reliance on contractors for historic information. We at Edac want to solve this issue, hosting all environmental compliance documents in a cloud-based platform, so your team can access your information anytime, anywhere. Our cloud-based platform helps customers manage their environmental assets including air monitoring devices and location points, bund management, noise monitoring, odour management, and underground networks, such as foul networks, storm networks and process networks, which are drainage assets and manholes.
The Edac platform ensures that organisations have all essential knowledge and complete transparency of their environmental assets and compliance activities, in real time. With Edac, you’ll always be up to date with how your facility is performing in relation to the activities set out in your permit. Working remotely or at a limited capacity is no longer an issue with Edac. Our software ensures that tasks and processes are carried out without the need to be on site.
The Edac software is designed to make environmental compliance activities easy for all team members and external contractors. With the help of the Edac team, available for 24/7 support, initial integration and set-up for new customers is easy.
Embrace the digital transformation with Edac.