How did the Corona Virus Pandemic Impact the Digital World?
The impact of the current pandemic on the digital world, as well as business, is vast and manifold.
A sudden outburst of Corona Virus has taken everything in its swirl. Most of the activities of the world seem to have come to a standstill.
The outbreak was so abrupt and shocking that it didn't even give a chance to understand the gravity of the situation, which ultimately affected the businesses and organizations.
However, the pandemic has impacted the digitalization of the business world and has a highly optimized digital transformation.
Impact of COVID Pandemic on the Digital World
The use of the digital practice has accelerated during the pandemic and is constantly on the rise. The gloom of COVID-19 has highlighted the importance and power of digital media. From healthcare to schooling to business organizations, every field has been taken over by digitalization.
Digital media has become our only savior in the world of restricted social activity. Digitalization has become a global phenomenon and is efficiently providing services to fear-stricken masses.
The digital world has been greatly impacted by COVID19.
1. The education system has abruptly been taken over by the digital world.
The COVID-19 pandemic has compelled schools and education to undergo such a transition quickly and dramatically. The digital revolution triggered by the COVID-19 pandemic is now permanently inculcated in educational institutions to fight against any probable odds.
2. Healthcare sectors have gone digital just due to COVID 19.
Most of the private and public sectors in healthcare have introduced online examination of their patients and first time in history, the consultations and treatments are now done via digital technology.
3. Moreover, digital transformation is rapidly changing the modes of living and has picked up speed, especially in the last few months. The e-businesses have benefited a lot from it during the pandemic, but it has also made the physical businesses a lot more difficult.
Consumers and Businesses
Consumers have turned towards online platforms during the pandemic, and businesses have taken a 180-degree shift towards customer interaction via digital channels.
Additionally, the results of a survey demonstrate that adoption rates of working via online platforms are years ahead of where they were in previous surveys and even more so in developed Asia than in other regions.
Respondents are now three times as likely as they were prior to the crisis to say that at least 80% of their customer interactions are digital.
Lastly,
To remain competitive in today's business and economic environment, new strategies and practices are required. Our findings indicate that executives are taking notice: the majority of respondents view technology as a critical component of the business, not just a source of cost savings.