These are exciting times for technology providers. The pandemic ensures to forcibly adopt these advancements in many different ways, both in our work lives and at home.
We engage in our daily work and other enterprises, startups, employees, technologists, and product and sector experts. Travel, meetings and networking, seminars, and other informal meetings are usually included. Okay, the pandemic is the one that halted all activities. There are no journeys, no face-to-face meetings without safety actions.
It was realized that there were substantial improvements in efficiency without the commute and scheduling to personal meetings, which could potentially lead to delays. However, the new work schedules require regular breaks, family routine interactions, and an emphasis on physical and mental health. Amid all these personal tasks and approaches, you might ask what industries will benefit from the technology and investment point of view in pre-COVID and post-COVID times.
Fintech and insurtech are well known for using digital technology and e-commerce and food-delivery platforms that have demonstrated excellent performance. However, in terms of the essence of the activities, skills required, and implementation of technology, some business sectors need to realign with the pandemic’s challenges.
Here are a few perspectives on how specific sectors get impacted during the Pre-COVID and Post COVID time.
Education is the key sector that gets impacted hugely. Many firms such as Zoom and an Indian startup called Airmeet focus on one-to-many communication in the context of events, such as seminars and lectures. It could further provide the necessary impetus to online education technology platforms such as Simplilearn, Eruditus, INurture, TalentSprint, and BYJUs. For instance, to handle the new online Prince2 foundation and practitioner course, the teachers will also require a certain level of PRINCE2 training to work on these platforms and technologies properly.
Focusing on application preferences and deep packet inspection for the end-user and the employer, Outpost Networks works in this area. Optimization plays a significant role in dealing with the challenges. It enables a robust and secure corporate communications network in the Work from Home (WFH) or Works from Anywhere scenarios. Bandwidth coverage will improve with the introduction of 5G and digital infrastructure enhancements (towers and integrated networks). However, SD-WAN optimization players and the last mile bandwidth optimization players must mature the final milestone solution.
The main field will be the communications technologies firms, which enable interactions. India has traditionally poor connectivity for the last mile delivery. The pandemic brought a large number of people to work from home safely. Innovative companies, including Lavelle networks, Aryaka Networks (SD-WAN Optimization Specialist), will assist digital companies and the staff communications infrastructure in delivering the output necessary.
Tackling intra city logistics challenges
Logistics providers in urban areas which generally meet immediate and on-demand delivery requirements are committed to ensuring the delivery on the same day. It subjectively needs variability across the entire chain of operations. Orders will unexpectedly rise from one area of the city and need to be quickly identified and connected to a delivery service provider. Innovative technology is the cornerstone of a framework that meets demand and supply effectively such that it can optimize resource functions and unit economics seamlessly.
Manufacturing and Healthcare
The production sectors have progressed considerably in automation and track plans and forecast part failures well in advance. Startups such as Altizon and Infinite Uptime will collect data and leverage computer power progression using complex Fast Fourier calculations. You can process loads and submit data to the cloud to enhance your prediction models. Baseline models are at the edge today, thanks to the strong edge manufacturer.
A Hyderabad startup, Ecvinox, focuses on constructing specialized CCU processors to boost the computing power of algorithms that are often essential for image recognition and other complex tasks.
Dozen, a Bangalore healthcare startup, focuses on creating technologies focused on non-invasive vibration-based patient monitoring. Data are collected, filtered, matched with a model on edge, and suitable interventions are allowed. It is essential for healthcare because we already have an acute health workers shortage. Companies such as eKincare and DocsApp make progress through their digital health channels, which enable online consultation of physicians. For complex diagnoses, Sigtuple and Sigmoid use refined ML models and AI. Sigmoid can improve images in low-end X-ray and CT scans and provide markers to radiologists. Similarly, there is a lack of manufacturing staff in the industry, which supports companies like Infinite Uptime and Altizon.
Long term solution
The consequences of this pandemic are likely to continue here and will change the functioning of people. Innovative digitization, connectivity, and automation technology, such as education, manufacture, and health care, would need to be leveraged. Agritech can also see similar improvement at a slower pace as a segment. Companies such as Fasal, Ninjakart, and AIBoni, as a differentiator, are already making moves in this space.
Then comes a fundamental question, how do the employees adapt? There are no shortcuts here; they will have to be retrained. Companies like Orion Edutech focus on upskilling grey collar workers in newer areas, such as working with consoles and enabling data-driven interventions to healthcare sectors. Through educating the plumbing, electrical and other regions’ labor pool, Orion also works with companies such as UrbanCompany.
Jobs will also be deteriorating in the white-colored sectors such as banking, manufacturing, health, and education – where data monitoring is essential and contributes to successful decision making. Edruditus, educational providers such as Upgrade, Simplilearn, already provide courses from employers to better enable their respective employees in the future.
In short, for technology providers, these are exciting times. The pandemic means that we are obliged to take these innovations in several different ways!
The Covid-19 is known as a black swan in the global economy, from the remote operation to the radical change in consumer shopping. Even though established companies had a pandemic hit, the changing world was a significant trigger for digital transformation across business and distribution models. Covid-19 stepped up the digitization process with the rapid growth of online dependence overnight.