ServiceNow, Inc (right now – “Free Report” recently obtained a multi-year workflow solution agreement between the National Basketball Association (NBA) and the National Women’s Basketball Association (WNBA) to ensure safer games.
The NBA and WNBA will deploy ServiceNow’s Employee workflow solutions in venues to perform health check procedures and other manual procedures to minimize the risk transmission after the start of these leagues due to the COVID-19 pandemic.
In addition, ServiceNow added that the NBA and WNBA are able to conduct health checks on 2,600 individuals entering the Florida campus. These visitors use different identities as visitors, vendors or campus personnel. The company also processed 13,000 basic documents at the venue.
Looking to the future, both the NBA and WNBA League will use ServiceNow’s software asset management solutions to increase workload and simplify software expenditures. The customer service management (CSM) solution will be used to provide a rich experience for players, their coaches and fans.
By deploying ServiceNow’s integrated risk management solutions, alliances can provide risk and compliance management solutions in their digital businesses. The IT Operations Pro solution will help the NBA and WNBA rationalize cloud spending and provide greater visibility into the league’s IT infrastructure.
The NBA and WNBA deal is a big victory for ServiceNow because it demonstrates the advantages of its innovative workflow solutions. In addition, a higher degree of adoption of ServiceNow products may drive revenue growth in the coming days and instill investor optimism about the stock.
It’s worth noting that the company’s stock has a year-to-date return of 82.3%, while the industry’s gain is 33.8%.
The demand for return to work solutions continues to increase
The Covid-19 epidemic forced governments around the world to declare a lockdown, which triggered a wave of working from home and home.
As the gradual unlocking phase begins, as the economy reopens and people start to work again, employers will need to ensure the highest safety standards for their employees. This will drive demand for ServiceNow return to the workplace solutions.
ServiceNow’s WorkPlace Suite and Dashboard was launched in May 2020 to provide its customers with various solutions such as workplace safety management, employee health checks and Workplace PPE (personal protective equipment) inventory management, as well as the latest Contract Tracing application To ensure that as employees return home, the workplace environment is safe to work.
Recently, ServiceNow announced the launch of its workplace service delivery solution, which aims to provide an enhanced digital experience for employees who increase productivity in the evolving workplace trend.
Prior to this, ServiceNow launched Microsoft (Microsoft – Free report) team application that can improve employee productivity through faster case resolution and seamless self-service.
Last month, ServiceNow and Cisco (CSCO – Free report) DNA Spaces to enhance its Contact Tracing application.
Competitive scene
Due to changing workspace requirements during the coronavirus outbreak, technology companies are struggling to take advantage of these evolving business opportunities. High-tech companies are using big data, artificial intelligence, and the Internet of Things to manage the pandemic.
Working day (Sunday – Free report) and International Business Machines Corporation jointly launched a rework solution that combines the AI capabilities of IBM Watson and Workday’s HCM (Human Capital Management) system.
Microsoft reached an agreement with UnitedHealth Group to launch the ProtectWell agreement and App to ensure employee safety. In addition, Everbridge, Pegasystems, Infosys and Hewlett Packard also launched their return to the workplace solutions.
Given the growing demand for safe workplace solutions, competition in this market may increase in the coming days.
ServiceNow currently has a Zacks Rank 3 (hold).you can see Here is the complete list of today’s Zacks #1 ranking (Strong Buy).
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