Business

Published on April 14th, 2021 | by Sunit Nandi

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How Technology Innovations Have Helped Fast-Track the Low-Touch Economy

Many industries have had to quickly adapt to new operational guidelines due to the coronavirus outbreak completely changing the economy and the way we live our lives. Many professions that the public took for granted were prevented from operating under their normal circumstances.

However, innovation is at the forefront of our economy and technological and operational advancements have allowed for these goals to continue and strengthen the base of their sector. The low-touch economy has become the prominent form of professional service.

When will life return to normal? Professor Julian Hiscox, from the University of Liverpool, suggests that while normality may begin in the summer of 2021, he predicts: “we won’t be ‘back to 2019’ for five years.”

The need for continued distancing and regulation mean that businesses must adapt to the limited contact world of work. Here, we look at how businesses and workers are innovating their jobs to fit in with the new low-touch economy.

What is the low-touch economy?

While the low-touch economy represents a transactional service between businesses and customers without any contact, the pandemic has emphasised its importance as a reflection of social distancing requirements. In this sense, many jobs that you would expect to focus on customer interaction have now been forced to fulfil roles and tasks remotely or with significantly reduced contact.

In this sense, new relationship principles between workers and customers are being curated. And both parties are only starting to understand what they mean. However, with government guidance and restrictions, there are expectations of the new low-touch economy that must be met.

Helpful technology

Adapting to the low-touch economy has been difficult for the hospitality industry. Government restrictions on social distancing include the requirement to provide table service. For bars, pubs, and restaurants that have relied on over-the-counter ordering, innovation has been key.

Mobile app ordering has been common in some establishments in the past five years. But now smaller businesses are adapting to the digital transformation.

Previously, businesses would need to develop in-house applications. However, in 2020 digital platforms now allow any business to provide service using customer’s phones. Businesses need only to upload menus, set prices, and designate table numbers, before receiving orders. [Hence, it allows the entrepreneurs to connect again with customers and develop well-placed public relations. You can learn from Violet PR if you want to know and experience strong media relationships that allow you to pinpoint opportunities and trends within your Business.

Doing this stops customers from clustering at bar areas and complies with the regulation. This prevents potentially spreading the coronavirus, should customers be contagious at the time.

Green means go

Traffic light systems are being used to manage customer flow where space is restricted. This is mainly being used in supermarkets.

Innovation has allowed stores to detect the number of customers shopping at any one time. Stores can review this number and compare it to the safe capacity of their facilities. Businesses can prevent overcrowding, and ensure social distancing is adhered to.

Facility entrances will feature a red and green light. This means that should a store be too full, customers will be informed to wait with a red light. Green lights mean that shopping can begin immediately.

Social distancing will be key to defeating the virus, and the innovations of the low-touch economy are helping this mission.

Book your slot

Unlike retail businesses, where customers continue to move through the location, hospitality venues will host customers for a considerable period of time. Table service requirements may leave some customers disappointed. If there is no space for additional people, customers may be turned away from their favorite venue.

To tackle this, the low-touch economy has promoted the use of booking services. These can be used both online and over the phone.

Additionally, customers may be limited to time slots, meaning their time at the table is finite. This allows more customers to experience a business’ service.

The benefits of this innovation are various. Staggered bookings mean that staff are not overwhelmed, customers will not be disappointed, and cleaning schedules can be efficient.

Cleaning is an important step in the low-touch economy. Tables should be cleaned after every use to prevent the virus from remaining on surfaces. Disinfectant and wholesale cleaning supplies have become essential for defeating the virus. Like PPE equipment, cleaning supplies should be disposed of immediately after use. Blue roll is easily disposable and biodegradable.

The low-touch economy will continue to grow as we combat the coronavirus and the subsequent restrictions it has caused. While the adverse circumstances have been difficult for businesses, the innovations it has produced will in no doubt help them in the future.


Sources:

  • https://www.bbc.co.uk/news/health-54661843
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About the Author

I'm the leader of Techno FAQ. Also an engineering college student with immense interest in science and technology. Other interests include literature, coin collecting, gardening and photography. Always wish to live life like there's no tomorrow.



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