COVID-19 aftermath
The Pandemic Conquest
Corona Virus entered into our daily lives like a parasite and we don’t know how much time for it to be erased completely, which seems rather impossible. Economies drowning and the government failing to cope up with the hassle has thrown all the people in jeopardy. As much as the world is trying to get away from the virus and the consequences it brought along, it has also learned a way around to thrive and survive.
The business sector which has had the worst blow in these months is now altering its path to pave a way for the new Post-Corona world.
One thing that has spread along in these two or three months is the digitalization of the economy. Businesses which earlier relied heavily on physical performance are too leaning towards the internet.
Afterall business is more or less all about how we serve our customers, and e-consumer today is happy to receive the expected service in a safer way than ever before.
The problem with running digital businesses was that people were unaware of how to utilize these services. The use of the internet or applications were not vital for day to day communications. But now, the dynamics of the internet for daily activities have drastically increased.
Take, for example, many companies will now alter their services and educational institutions will develop their own applications to ease the online communications now that they got the idea to teach from distance too. Here, online service providers will have ample opportunities to enter into new markets.
McKinsey wrote an excellent report about what it thinks the post-COVID-19 world will look like and the role that digital platforms, tools and techniques will play in the immediate future – not ten years from now – but now:
“ Indeed, recent data show that we have vaulted five years forward in consumer and business digital adoption in a matter of around eight weeks.
Banks have transitioned to remote sales and service teams and launched digital outreach to customers to make flexible payment arrangements for loans and mortgages.
Grocery stores have shifted to online ordering and delivery as their primary business.
Schools in many locales have pivoted to 100 per cent online learning and digital classrooms.
Doctors have begun delivering telemedicine, aided by more flexible regulation.
Manufacturers are actively developing plans for ‘lights out’ factories and supply chains.
The list goes on. ”
So five years fast-forwarded to eight months will be stressful for even big giants. That means the future that was further away is now nearer than ever.
Author: Chayanika Gogoi
Published by TechVariable
