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Remote Working Proving to be More Effective than Previously Envisaged – Experts

NAIROBI, Kenya, Oct 28 – Remote working in most countries has proved more effective than previously envisaged, with firms’ IT systems remaining resilient. 

This is according to a report by the Capital Markets Authority which states that such shifts should require regulators to take a more balanced view of technology risks versus people risks.

The Authority says adds that most jurisdictions have allowed key workers in the financial service sector to work from home.

According to the global risk regulator report for July 2020, the viability of adopting remote working more broadly and permanently in the financial sector industry, systems, and controls required to ensure data protection and prevent internal fraud may come into sharper supervisory focus.

These findings match those of Arthur Goldstruck, a Commentator of ICT and technologies, and the CEO of World Wide Worx.

Quoting a study conducted in South Africa by World Wide Worx, Goldstruck has urged corporates to digitize their operations saying it’s the only way to remain profitable.

According to the study, companies that failed to invest in digitizing their operations during the work from home order only saw a 29 percent increase in productivity.

Meanwhile, companies that invested in digitization recorded a 71 percent increase in productivity among their employees.  

“When organizations embrace the digital way of work, it suddenly becomes possible to do anything online, from live collaboration on a document to sharing a live event instantly with 10 people or 100,000 people. This is not only about change, but about change suddenly being palpable. This is what we call “Digital Awakening”,” he said.

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“I would urge corporates to digitize their operations to encourage working from home. From our research, we have recorded an increase in productivity among employees since the pandemic started,” he added.

Goldstruck spoke during a forum hosted by SYSPRO to address the topic of digital Transformation among Kenyan Manufacturers.

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