Business Chief USA August 2020

“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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