US, WASHINGTON (ORDO NEWS) — The telecommunications and consumer technology sector is seriously affected by the coronavirus epidemic.
The epidemic had a negative effect on many areas of human life, as well as on business and supply chains.
In addition, important events, conferences and forums in the telecommunications industry were canceled. Of course, planners like we & goliath have been able to organize virtual experiences that are remembered and enjoyed just as much as real-life events. At the same time, people mostly work remotely, which led to delays in entering into important transactions and the implementation of initiatives.
However, it was this industry that became one of those experiencing a positive impact from the epidemic, since due to the development of remote work and the desire to avoid contacts between people, numerous technologies have received significant development, allowing a person to receive the necessary goods and services without direct contact with others by people.
Below we will talk about 5 consequences of coronavirus for the high-tech sector.
1. Disruptions in the supply chain
Having appeared in China, the virus spread primarily in this country, which led to the closure of many plants and factories, as well as to the fact that there were delays in deliveries. The fact is that China is one of the strongest economies in the world, as well as the country with the most active trade.
And in connection with the big problems because of the epidemic in China, the economies of other countries that were closely connected with trade with China also suffered.
In particular, Apple was hit, suffering from delays in iPhone shipments, as the smartphone factories are located in China.
2. Cancellation of important conferences
As you know, many conferences and forums have been canceled due to the epidemic of coronavirus. In particular, one of the most important conferences that were canceled due to the epidemic was Mobile World Congress (MWC), the congress scheduled to be held in Barcelona from February 24 to February 27.
This is a key event in the development of the telecommunications industry, which attracts key players. In the framework of the conference, companies share innovations and, most importantly, enter into important partnerships and cooperation agreements.
In addition to MWC, Facebook canceled the F8 Developer Conference and Global Marketing Summit, Google took Google Cloud Next online, and IBM was also forced to show its conference online, which attracted more than 30 thousand visitors last year.
3. The growing need for remote communication
Many employees are transferred to remote work and more businesses are looking for a consolidated platform that will allow them to improve the communication within their business, even though they’re working remotely. Educational services, as well as other services, also go online. This leads to an increase in the need for 5G technology.
For business development, the ability to conduct teleconferences is important. Often, such technologies are used to provide medical services when doctors advise patients without the need to physically be present.
4. The rise of virtual reality technology
The coronavirus epidemic has led many companies, including Apple, Google, and Microsoft, to transfer their employees to remote work. In addition, many have limited the movement in the space of their employees, not only to foreign countries, but also across the territory of their country.
This is the safest way to prevent the spread of the virus, but it requires some effort to keep the company functioning as before.
Therefore, companies often resort to virtual reality technologies. This technology has previously been used to provide employee training, but this is not the only option for using VR.
5. Increased investment in smart city solutions
Cities around the world use smart city technology to fight coronavirus. In particular, police in China use drones with thermal sensors to identify people with fever.
In South Korea, they created an application that allows quarantined patients to contact social workers and report their well-being, as well as ask all their questions.
The Australian government has organized a chat for everyone who wants to ask their questions. It is also used to combat misinformation.
All these decisions are long-term, they allow you to manage the situation during the crisis. Most of these technologies are aimed at supporting the daily functioning of the city.
According to experts from Business Insider Intelligence, investments in such solutions by 2025 will amount to $ 295 billion.
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The article is written and prepared by our foreign editors from different countries around the world – material edited and published by Ordo News staff in our US newsroom press.