How will the Technology Industry Change after COVID-19?

Understand the pandemic as a challenge: Instead of being idle, more and more companies see diverse opportunities for their area now and after the Corona period because the crisis can simultaneously pave new paths for technology and sustainable transformation.

So far, various factors have hindered the development steps of companies. Slow processes, complex bureaucracies, and rigid hierarchies hampered innovations in many areas and destroyed the actors.

Many of them now see the coronavirus as an opportunity to break through and act on these rigid systems. Procedures can be accelerated, rules can be set, and decisions made more independently.

One thing becomes clear: as soon as there is a strong incentive, behavior that has been ground in can change very quickly, leading to new approaches and technologies. Companies should use this spirit and create innovations that are valuable after the crisis and ultimately keep up the pace.

Booming Technologies in the Pandemic

Healthcare and digital health

The business and strategy consultancy McKinsey assume in the context of its current study that quarantine measures in the course of COVID 19 diseases can be dispensed with in the following autumn. McKinsey sees the reason in an extremely positive development in the medical field, which recognizes newly infected people early on and makes the course of the disease of many sick people mild.

It is therefore expected that the coronavirus will accelerate the implementation of e-health in medical practice – especially telemedical and IoT-based health surveillance.

Even if the critical voice for more data protection in Germany will not fall silent in the future, other countries will advertise health care solutions even more in health surveillance.

Also, the increased use of technology in the healthcare industry will play an essential role in the future. Because most likely, this pandemic will, unfortunately, not remain the only one. To better understand the outbreak of a virus in the future, countries, in particular, will support these innovations in which there is less data protection.

Teleconferencing and E-learning

More and more companies currently use Microsoft Teams, Zoom, Slack, or Jitsi; in the US and Germany, almost every second employee works from the home office. These tools will certainly be crucial for the success of many companies, whether or not the right to work remotely and from home is enforced.

E-learning platforms are also experiencing strong demand. While normal school operations in Germany do not run generally until after the summer holidays, according to the UN, schools in over 100 countries are currently fully or partially closed.

It is, therefore, only natural that digital pandemic training and homeschooling will also be in demand after the pandemic and will also be integrated into everyday school and corporate life. The education market will have to deal intensively with this trend.

Virtual Reality and Augmented / Extended Reality

The industrial sector will also adapt and develop against the background of the corona crisis. If training and further education do not occur on-site, companies will increasingly use VR solutions in the future.

Product development, which is now fully digital, will continue to use the 3D data it has already collected and convert it to digital technologies such as Web3D or WebAR. This allows companies to make product innovations virtually tangible for partners and consumers.

What makes WebAR so incredibly attractive is that the augmented reality function does not require any additional plugins or apps and can be easily integrated into any common browser. At home, non a notebook or smartphone at home, we can then virtually admire the product from all sides.

Of course, the haptic and real impression still matters more than the virtual one. But in times of canceled trade fairs, these product presentations are a wonderful alternative.

The tourism sector currently suffering badly will also take advantage of these options: Extended Reality (XR) could bring dream locations and holiday destinations to your living room.

Even cultural institutions have discovered the virtual world for themselves and organize virtual tours through museums and exhibitions – these tours often reveal more than a regular visit on site.

Smart Manufacturing and Industry 4.0

In the future, the networking of machines and sensors will be forced. If this is coupled with digital business processes, planning and production will change fundamentally.

Reason: Sensors continuously collect data during the entire production process. And these provide helpful information on how companies can improve their efficiency.

Through permanent data transfer, statements can be made about a specific service and maintenance interval. The advantage for companies is that their supply and supply chain can be forecast more precisely, and the effort along the value chain can be reduced to an absolute minimum.

Conclusion

Most countries are currently doing everything they can to prevent or prevent an economic slide.

Innovations that result in a technological expansion are almost certainly promoted with significant investments. These can range from large smart city initiatives to smaller platforms that optimize the disaster management of many companies.

Companies from various industries should now also use IoT projects and virtual reality to position themselves more broadly and independently.

Author Bio

Hamza Hashim is an SEO Expert and Freelancer having experience of three years in these fields. He is familiar with carrying out SEO Optimization practices from small to large companies. Founder of Up Laptops.