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Today’s Workforce Catching Up To Tomorrow’s Business Model, Avaya Study Finds

10-27-2020

2/3 of U.S. businesses are rethinking how they work, 58 percent feel they are now able to hire a more distributed workforce

RALEIGH-DURHAM, N.C.--(BUSINESS WIRE)-- Avaya (NYSE: AVYA), a global leader in solutions to enhance and simplify communications and collaboration, today released its “Work from Anywhere” study, examining the shifts businesses are undergoing to adapt to today’s changing economy. In the wake of COVID-19, Avaya found that nearly 72 percent of U.S. based businesses have been rethinking how they work, 58 percent of businesses feel remote working is enabling them to hire a more distributed workforce, and 8 out of 10 businesses are already retooling to provide improved customer and employee experiences that enable new ways of working.

According to the Avaya survey, 3 out of 4 businesses say they have focused more on employee and team communication since COVID-19:

  • 66 percent of mid-sized companies, those with 251-500 employees, have seen collaboration and communications technology increase in priority due to COVID-19
  • 57 percent of businesses reported some struggle with remote communication and fatigue
  • 32 percent reported employees having difficulties adapting to the new technology and communications tools available to them

“Work from Anywhere is creating new business models the world is adapting to, and it has become clear that trying to adopt a ‘business as usual, but remote’ approach is not enough,” said Simon Harrison, SVP and Chief Marketing Officer, Avaya. “COVID has accelerated digital transformation projects and put a new focus on customer and employee experiences, which have never mattered more. Additionally, new processes and new solutions need to completely change the way teams work together. Change has become a constant and embracing the cloud and the new experience economy, an opportunity. At Avaya, we are guiding our global client base, including retailers, schools, healthcare, governments, and businesses of all shapes and sizes on how to resolve the gaps they found in their ability to collaborate. We are helping them find new ways to connect, create and think as they write the new rules for their industries.”

Key Takeaways from Avaya’s “Work from Anywhere” Survey

Technology decision makers are rethinking business at every level

  • 72 percent of businesses have been revisiting their overall business model due to the changes brought on by COVID-19
  • An even larger number, 80 percent, are rethinking their customer experience
  • 77 percent are examining their employee experience
  • 75 percent are rethinking their sales approach

Businesses are focused on investing in communication and collaboration

83 percent of businesses responded that they thought their technology stack was prepared for remote working – however, many businesses did have to implement new technologies to improve their work-from-anywhere capabilities, including 65 percent adding video conference tools, 54 percent adding chat/messaging software and 53 percent adding project collaboration tools.

85 percent of businesses reported they plan on making the new technologies they have adopted during this time a permanent addition to their tech stacks.

Tech priorities are shifting

71 percent of tech decision makers reported faster adoption of new technologies in their organization due to COVID-19. Most companies also had a shift in technology priorities with 52 percent increasing investment in collaboration software, second only to spending on security, which nearly two-thirds of businesses increased.

Mid-sized companies with 251-500 employees have seen the biggest shifts in priorities, including increases in spending for security (74 percent), collaboration (66percent), contact center software (59percent) and contact tracing (53percent). Overall, company owners and CEOs are more likely to say AI has increased in priority (46percent).

“As businesses continue to adapt their operational models in response to health concerns and economic upheaval, being able to collaborate and engage from anywhere is increasingly seen as the critical mechanism for staying connected to customers, driving better customer experiences and increasing loyalty,” said Harrison. “This is no longer optional, but has become mandatory. We continue to accelerate innovation in these critical areas, increasingly applying advanced technology like AI and machine learning to improve human experiences and engagement, and we are partnering with industry leaders such as Google and NVIDIA on leveraging AI to reimagine the collaboration and communications experience.”

The survey, conducted in August 2020, consulted 300 business leaders and technology decision makers.

Read our blog, The Rise of Workstream Collaboration: How COVID-19 Is Spurring the New Future of Work.

About Avaya

Businesses are built by the experiences they provide, and every day millions of those experiences are delivered by Avaya Holdings Corp. (NYSE: AVYA). Avaya is shaping what's next for the future of work, with innovation and partnerships that deliver game-changing business benefits. Our cloud communications solutions and multi-cloud application ecosystem power personalized, intelligent, and effortless customer and employee experiences to help achieve strategic ambitions and desired outcomes. Together, we are committed to help grow your business by delivering Experiences that Matter. Learn more at www.avaya.com.

Cautionary Note Regarding Forward-Looking Statements

This document contains certain “forward-looking statements.” All statements other than statements of historical fact are “forward-looking” statements for purposes of the U.S. federal and state securities laws. These statements may be identified by the use of forward looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," “our vision,” "plan," "potential," "preliminary," "predict," "should," "will," or “would” or the negative thereof or other variations thereof or comparable terminology. The Company has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Company believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. The factors are discussed in the Company’s Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”) available at www.sec.gov, and may cause the Company’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. The Company cautions you that the list of important factors included in the Company’s SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this press release may not in fact occur. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

All trademarks identified by ®, TM, or SM are registered marks, trademarks, and service marks, respectively, of Avaya Inc. All other trademarks are the property of their respective owners.

Source: Avaya Newsroom

For media inquiries:
Alex Alias
alalias@avaya.com

Source: Avaya

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