Pandemic-driven workplace measures, including remote work and social distancing, appear to be barriers to productivity. That’s according to the results of a quarterly pulse survey of 150 C-level executives conducted by consulting firm West Monroe.
Forty percent of respondents said that social distancing was the greatest hindrance to productivity, whereas 37% cited remote work. Still, 69% said their companies are investing in more technology during the pandemic, particularly data and analytics platforms. More than 20% of leaders also indicated that their companies were trying both artificial intelligence and machine learning as a result of the pandemic.
Further, mergers and acquisitions appear to be a popular strategy for adapting to the post-pandemic economy, with 43% of survey respondents indicating that their company is strongly considering an acquisition in the next six to 18 months. In addition, more than 10% of respondents indicated that their company is considering a divestiture.