Business Chief US+CAN Magazine August 2020 | Page 35

“ I think overall it is about finding out how traditional companies can save a lot of costs as they get called upon to invest more and more in digital for the rest of the year ”

— Sankar Krishnan , EVP and Industry Head , Banking and Capital Markets , Capgemini
37 result it is very difficult to predict the future of any organisation or industry at the moment . Therefore , from an investor management perspective we are witnessing on average a 95 % to 97 % work from home raito , as well as a lot of organisations unable to predict with any accuracy the future cash flow , with COVID-19 costing them between 10 and 25 %, as well as entire economies being propped up by their governments - the US alone has announced close to US $ 2.3trn in the first phase with more to follow . As a result , it is very difficult to predict business outcomes , therefore some have decided that to give this guidance after a time of total economic uncertainty would be wrong due to there being so many variables .” Giving examples of these variables Krishnan explains that “ we do not know when a vaccine would be ready , in a country like the US even if a vaccine is developed , what will be the process to reach over 250 million Americans ?
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