Post
Topic
Board Economics
Re: COVID advanced the world into the future
by
cheezcarls
on 21/06/2021, 16:51:10 UTC
I think most of us would rather not have had COVID. It has been devastating for many economies and it took a bad toll on people. However it has had some side benefits (some may argue that having Trump removed for now may be one of them, LOL).

I am talking about the digital revolution that was already taking place, yet still had some bumps along the road to occur, and has been forcefully implemented by many companies that required their people to keep on working. I am also talking about the immense number of new influencers and subscription services that had increased their adept several times-fold. All this would have taken ages otherwise.

Quote
demand for services that can be performed remotely or provide solutions to the challenges of reduced personal interactions, such as information and communications technology (ICT), and deliveries, has increased significantly. In a span of three months, the pandemic has resulted in a 63 percent reduction in demand for hotels, while increasing demand for ICT by a comparable rate

A source on the matter.



In every bad situation, there's a new door open for a greater opportunity. As we are now in the digital age, the COVID-19 pandemic forced traditional industries to transition into digital way in doing their own businesses. During the COVID-19 pandemic, the number of virtual class sessions increased because of the suspension of face-to-face classes. Other offices are transitioning from physical appearance in the workplace to just simply doing remote work-at-home. Same thing goes to the way we pay from using coins or paper bills, to cashless transactions.

It's the best time for the traditional business to adopt into digital way in doing their own stuff to survive during the pandemic.