Why Busines Needs Digitalization
The COVID-19 outbreak is becoming a global issue. The number of people infected with the virus is increasing all over the world. Therefore, uncertainties about the global economy are increasing. This pandemic is increasing the trend of digitalization.
How coronavirus has opened new doors of opportunities for digitalization?
Many experts believe that these pandemics will accelerate the pace of digital transformation. This article is all about this.
Digitalization on a rise
In the current situation, there are so many people working from home than ever before. Communication and collaboration tools are playing an important role. They are helping to keep collaboration running smoothly.
Many experts predict that digital tools like Slack, Asana, Windows Teams etc will play an important role in everyday work in the future. Most digital decision-makers expect increased levels of meetings and conferences held online even after the coronavirus pandemic ends.
Digitalization and its need for businesses
As most of the countries are in lockdown, people are forced to keep social distancing. Every organization is preferring working from home. We are not able to stay close to each other physically, but we need to communicate with each other, socially as well as professionally.
As a result of this pandemic, even the companies that used to be "digitally lazy" will now have to use digital technologies like video conferencing, document sharing, cloud solutions, etc to keep their operations running.
The result will be steep learning for the businesses. The companies that were earlier relied on outdated solutions will now understand the importance of digital tools. The businesses that are giving the work from home opportunity to their employees will notice that some are getting more productive if they can work in their environments.
A Rise in blockchain usage
Blockchain is the core of digital infrastructure technology. The coronavirus crisis has created additional blockchain use cases.
For example, China and South Korea are using smartphone apps to monitor people having a disease. These technologies include geolocation tracking, facial recognition systems, etc. For example, with the help of geolocation tracking, you can monitor the location of people through their phones.
These apps can only work if you use them on a large scale. Blockchain facilitates users to have more control over data. For example, they can share it with the scientific organizations or government institutions that are tackling this epidemic. The data may be very useful in handling future pandemics as well. This is just a possible use of blockchain. This pandemic is a massive chance for blockchain businesses and anybody who is dealing with digital technologies.
Digitized education
Schools and colleges are highly vulnerable to coronavirus pandemics. Healthcare experts have concluded that children and elderly people have a substantially higher risk of contracting coronavirus. Therefore, schools across the world are shutting down to protect children from this pandemic. This shutdown may significantly damage the global educational system.
Therefore in such a situation, software-based education solutions come into the role. From virtual classrooms to library management solutions, digital technology is saving us. Some of the most widely used education solutions are:
Mobile learning
AR/VR based learning
Custom e-Learning solutions
Library management solutions
School management software etc.
The use of these technologies is reducing the risk of contracting coronavirus. Moreover, these are also enhancing the students' learning experience. Also, the teacher and administrators are becoming more efficient by using these technologies. No doubt, these technologies will be helpful even after this pandemic will end.
Digitalization in the healthcare industry
Digital technologies! are playing an important role in the healthcare industry as well. The use of robotics and AI has brought a revolution in the healthcare industry. The use of robots is making medical care safer, more precise, and faster. Therefore, AI and robots are playing an important role in the battle against COVID-19.
Healthcare professionals taking care of infected people are highly prone to contamination. Even in India, many doctors and medical staff are infected by this virus while treating patients. AI and robotics solutions can save us from this situation. So, with the use of these tools, healthcare professionals have minimal interactions with infected patients.
Let us have a look at some software solutions that are transforming the healthcare industry:
Mobile healthcare
Hospital management solutions
Wearable
Telemedicine solutions
Digital eCommerce is rising
All shopping malls and retail stores are closed due to coronavirus. Even the major brands are bearing so much loss. Due to this outbreak, physical marketplaces are facing problems worldwide.
In such a scenario, eCommerce is solving the problem for sellers and buyers but With online store facilities, retailers can easily sell their goods even in between this outbreak. M-commerce is further making online shopping easier and user friendly. Earlier also online shopping was very popular. But due to coronavirus, it has become a necessity now.
Some of the eCommerce solutions that are helping the retail industry are:
ERP solutions
Data analysis
Payment gateways
Inventory management system
Digitalization in financial services
The idea of visiting a bank in such a situation would frighten most of us. As the situation is becoming out of control, banks and financial institutions are also closed. Here comes the role of digitalization of financial software solutions.
For example, with a mobile banking app, you can do banking transactions without stepping out of your home. Digital paying solutions are very popular for a long time. But, in this time of coronavirus, they are proven to be a life savior for all of us.
Every kind of business can try digital solutions and keep their business alive in this epidemic. Some of the popular financial solutions are:
Loan management solutions
Chatbots for banks
Digital payment solutions
Lead management software
Summing up
We cannot deny the role and importance of digitalization in our lives. But, right now case is different. Presently, digitalization has become the need of the hour. We do not know that when this epidemic will end, but till then we are dependent on digitalization.
Whether it is business or education or healthcare, everywhere digitalization is saving us. The COVID-19 pandemic has taught us how important digitalization is for us.
Hopefully, digitalization will continue to grow even after the pandemic ends.
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