Digital resilience key to firms amid disruptions

Digital resilience will determine whether or not companies worldwide, including those in China, can respond quickly to business disruptions and restore market confidence amid the COVID-19 pandemic, industry insiders said.

"The growth in worldwide spending on information technology far exceeded the GDP growth amid the pandemic last year. It was a contrast to the situation during the (2008-09) Global Financial Crisis, where the former was far lower than the latter," said Huo Jinjie, president of leading market research firm International Data Corp China.

Huo said the sharp contrast shows that technology is helping companies solve more business problems. Digital resilience has become a key phrase for the country's enterprises to survive and grow.