Table of contents
- Increased productivity as a result of remote working
- Increased request for services
- Increased digital expenditures
- Increasing customer preferences
- Advancing tech-led healthcare solutions
Unlike most other industries, the tech business has passed relatively well throughout the COVID-19 storm. Whereas stay-at-home restrictions and company closures have wreaked havoc on industries that depend on physical services and in-person consumers (such as hospitality, arts, and tourism), tech companies appear to be surviving this crisis relatively unharmed.
Nevertheless, with the coronavirus boosting our daily screen time by a third and accelerating the adoption of digital technology by several years, the incidents of the pandemic have caused several aspects of the software industry to function better than they did before. Now is a good moment to reflect on how these past years' exceptional circumstances have contributed to the recent spike in software development. Now is a good time for tech startups to begin their journey.
In the following article, we will be covering several subjects like digitalization during COVID-19, how startups around the globe are dealing with the ambiguity of the new normal, and a little about the future of the tech industry.
Digitalization and COVID-19
The epidemic made it simpler for startups who had been contemplating whether or not to embrace digital transformation. Nobody expected COVID-19, and no one predicted the changes it would bring to corporations in all industries, therefore the ones that can survive without much struggle are the ones that can apply the digital transformation.
The term digital transformation refers to the integration of digital technology into all areas of a business, which alters the way organizations function and provide utility to their consumers. Technology, data, process, and organizational change are the four key domains of digital transformation, with each domain dependent on the others so that firms can establish themselves in the digital economy.