Post Corona Virus impact on Service Industry

Tech giants are facing a severe threat in the Coronavirus wrecked economy. IT services companies will see a significant stunt in their growth, as predicted by several analysts.

As the economy goes on a standstill with the entire world isolating and sequestering, the hope of better days propel and pushes us to pave the way to a cured future. Working from home is now the current 9-5 schedule morphing into a global phenomenon.

“Before coronavirus, work-at-home was not on the to-do list for CIOs,” said IGEL CEO Jed Ayres. “Now boards of directors and CEOs are demanding a work-at-home plan. Every company needs a well-thought-out work-at-home and business continuity plan.”

In the obvious feature of change, there is a cultural shock, but companies are now looking at changing how they license, so when they sell a license for a call center they also get a corresponding license at home. Companies are also rethinking how they package and assist customers to facilitate work-at-home.

Post Corona Virus impact on Service Industry
Post Corona Virus impact on Service Industry

As we progress towards a more virtual and clean earth, bandwidth is going to be valued more than ever. The tech companies are administering traffic prioritization and shaping.

It needs to be put in place for core business applications during prime hours, which includes video conferencing for business and personal use. This would effectively be the opposite of net neutrality, as an emergency measure.

The coronavirus has caused all companies from small businesses to Fortune 100 behemoths to “rethink their strategies” and invest in technologies like IGEL, Citrix, and Microsoft to enable unique solutions not just for existing employees but also to re-enable talent requisition. 

Silver lining is indeed in the Clouds. To battle the storm, investing in cloud services from hyper-scale vendors like Amazon Web Services, Microsoft Azure, Google Compute, Oracle Cloud, Alibaba Cloud, and IBM Cloud is a significant consideration that the IT companies are investing in. 

Preserving the legacy technology and adapting to having to do more with less, is the status quo and the future. Personal technology expenses are going to be curtailed and channeled towards essential goods. It will be pertinent that emergency legislation is put in place that calls for severe penalties for companies that engage in any form of IoT abandonment.

Remote workforce solutions like telemedicine and remote learning have been thrown to the forefront right now and this is what is going to sustain us in the future. 

 

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