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In the times of chaos and grave perils, births spark of ingenuity, and during it is a health crisis, scientific and technological innovations boom. So it is no brainer that we can expect some sort of advancements and trends on the rise during the current pandemic by a novel coronavirus. Besides, never before have groups of medical experts, data scientists, artificial intelligence programmers, and industrial leaders have joined hands to fight a common enemy, COVID-19. Most of it is possible due to shared cloud storage, faster internet, data transparency, and interoperability.

While frontline workers are doing their part in an attempt to contain the spread of the coronavirus, researchers are working against the clock to find a cure. Citizens are also doing their part in following the lockdown mandates, maintaining social distancing, and adjusting to working from homes. At the same time, governments and unions are worried about the downturn and revival of the gig economy. But one thing is sure our ‘normal’ lives will no longer be the same even after this lockdown ceases, especially when resuming back to office jobs. Here are some of the significant trends in business space we shall witness shortly:

Transition to Online: This is something that was being debated over a few years recently, yet no major steps were taken for the same. Thanks to COVID-19 forced lockdowns, businesses and firms are now working remotely from homes, conducting online conferences or board meetings via tools like Skype, Zoom, and most recent Google’s Meet. Even small scale enterprises are now adopting digital tools like websites, newsletters, blogs, webinars, and making most of the cloud platforms like Amazon Web services, Azure, and others. Not only that, but brands are also now investing more in digital and online advertisements.

Data Security plans: For successful functioning on modern disruptive tools, we need a smooth flow of data between the endpoints. Whether it is for monitoring, research, or official and administrative use, data is now synonymous as the gold of the digital world. Once an asset gains prominence, it also exposes itself as a new vulnerable target. Cyber criminals are waiting to exploit the presence of such loopholes and lapses for a variety of reasons using spam-mails, phishing, and hacking. With organizational and location data being the most sensitive and valuable form of data, among others, government and business companies are now checking for options to secure the data using solutions that can be modified to meet the needs of their remote working employees. Therefore, post lockdown, too, the business ecosystems are more likely to opt for centralized data storage with secure remote access and reliable cloud infrastructure.

Digitalization in business Everywhere: Yes! This one of the most common lesson companies have learned during the COVID-19 lockdown period. From managing a team online while working at home via remote connectivity access tools to official payments to assisting fellow employees through remote access screens, everything is going digital. The HR department now checks attendance through secure virtual log-ins, work hours, performances using digital tools. 

Businesses in the e-commerce sector are surging, owing to innovations in digital and cashless payments gateways, led by new-age Fintech companies like PayPal, Google Pay. This has enabled purchasing essential commodities like food, medicines, etc. online without the necessity to step out.

All the above things will soon grow into being a regular part of our lives in the future. In not, then they shall come in handy next time we face such an emergency or want to work from home when sick or on vacation!