The unforeseen lockdown as a result of COVID 19 has accelerated the consumption of tech in order to continue normal functionality and work productivity. While enabling us to build resiliency towards the virus, these tech trends will have a lasting impact on the future outlook of how the world around us works.
From a rise in flexible working, distance learning to the e-commerce and telehealth industries booming, keep reading to find out the top tech trends on the rise as we continue to face a worldwide pandemic.
Remote work is creating a whole new world of business activity. Enabled by technologies like cloud meetings and virtual private networks, this rising trend comes with its pros and cons, but we can’t deny the fact that it has changed working culture on an unimaginably large scale.
The pandemic has changed how people work overnight and CEOs, researchers and entrepreneurs all agree that flexible workspaces are a more efficient and sustainable way of working. Furthermore, encouraging flexi-work is an increasingly common way for companies to participate in CSR and encourage reduction of individual carbon foot prints by sharing infrastructure and resources.
Distance learning seems to be at its peak during the COVID 19 pandemic. As a result of the implementation of school, 191 countries enhanced their online learning experience for students. The means newer tools used for online learning also include technologies like cloud meetings with the addition of AI-enabled robot teachers!
In certain situations, distance learning is proving to be slightly ineffective due to human attitudes towards making the shift from traditional classrooms. Additional costs are also creating further economic pressure on parents.
Online courses are at a boom and people are increasingly interested in picking up new skills as the culture of freelance work continues to gain popularity.
To avoid spreading the disease further, many countries including the United States are encouraging users to make contactless payments using their cards or e-wallets. Cash notes may carry the virus, so the decreased circulation of paper currency serves as another preventative measure.
COVID 19 has also been good for cryptocurrencies such as Bitcoin. The rush into a more digitally reliant era subsequently has led to raised awareness of cybersecurity, financial surveillance and fraud, resulting in crypto gradually being further adopted for example as done by Paypal USA. Digital currencies are also becoming a preferred means of storing wealth.
However, not everyone has internet, let alone advance tech such as digital payments and around 1.7 billion people around the world remain inaccessible.
Telehealth facilities are making it easier for patients to seek treatment without having to see a doctor in person. This is done through the implementation of chatbots and wearable, personal devices that track vitals. The technology works by first identifying the symptoms in the patient’s body, making an initial diagnosis and then providing primary care instructions.
In some countries, these services are being provided free of cost but where they aren’t, people may find it difficult to get insurance coverage. Tech literacy is also an important consideration as well as suitable infrastructure and internet access.
Tech trends during the COVID 19 pandemic have resulted in a more efficient way of dealing with day to day activities while highlighting the importance of digital infrastructure! Are we ready to make the shift into a more technology-reliant world?
World Economic Forum: 10 Technology Trends to Watch in the COVID 19 Pandemic
Forbes: How Remote Working is Reshaping a Future New World of Work
Finance Research Letters: How the cryptocurrency market has performed during COVID 19? A Multifractal Analysis by E.Mnif et al.