Is the well-known tech industry changing due to the impact of the epidemic?
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| Is the well-known tech industry changing due to the impact of the epidemic? |
Why are tech companies facing financial instability?
Not to mention technology-dependent, many tech companies survive by selling software, but due to financial insecurity, buyers are currently reluctant to make any new investments. The resulting software is not being sold. Institutions are collapsing financially.
If we talk about other technology-based organizations, then the names of many organizations like ride sharing or food delivery, whose main work was revolving around technology. As an app-dependent organization, they are facing direct losses due to reduced usage of the app. The whole process is falling apart due to a lack of customers.
However, the tech companies that have been formed over the last few decades can also be blamed for this whole affair. Especially in the first part of the last decade, the number of tech companies has increased a lot. Many companies have invested in this newly profitable tech industry. In 2017, the companies were moving forward at a very good pace. However, this year the journey has come to a halt. Although it is possible to succeed with fewer employees than other companies through financial investment, it has become very difficult for many tech companies to cope with the current financial instability. So many people are trying to solve this financial problem through layoffs, many people are trying to close down the organization for the time being or they are thinking of closing down the organization permanently.
Are all tech companies being negatively affected?
No, most of the tech companies are facing losses in the life system that has come to a standstill due to Corona, but not all the companies are suffering losses. Take Amazon for example. The e-commerce company has hired 1,65,000 more employees this year to cope with the pressure of additional orders. Similarly, companies like Facebook and Apple have handled the situation very well. A few days later, Google is considering hiring new staff. Not all tech companies had to go through bad times during the epidemic. In particular, the use of technology by many companies has increased. And the main reason is that the use of these technologies in epidemics has increased much more than usual.
At present most of the people have to handle office work sitting at home. As a result, everyone is making video calls and talking on the phone as a means of communication. The tech companies behind these technologies are benefiting financially. On the other hand, now that everyone is focusing on online, super shops and other companies are leaning towards websites. As a result, the activities of many tech companies are increasing. Many companies are creating telemedicine websites.
To be precise, most of this financial loss is being borne by travel and travel companies. As the company is closing down, so is the number of layoffs. In addition to Uber or Airbnb, TripAdvisor has laid off staff. Retail and food services are suffering. And the third step in this list of losses is customer service-based companies, such as - review or event sites. In particular, many photography and event websites have sprung up around weddings, all of which have now come to a halt.
New Horizons for Tech Companies: Does It Start Here?
While many view the current situation in a negative light, others view it positively. We have always followed the traditional technology-based industry, this time it will break down and take on a whole new shape - that's what they think. On the one hand, the creation of one unbridled tech company after another will come down even a little bit. At present many tech companies have adapted themselves. And they did it in two ways.
1) Through proper use of technology
Not being able to go to work does not mean sitting still. This has been established by many tech companies. They already have the experience to work from a distance, so in the current situation, they are easily managing the work from a distance. At the same time, they have applied this method to others. As a result, it has become easier for them to handle the clients.
2) Through innovation and planning
Even if one side stops, the tech companies can continue to work in another way. Many companies have made that arrangement. So as soon as problems arose towards travel, they introduced emergency travel services with the permission of the administration; Leaning towards super shop, communication, telemedicine, or study-based websites. At the same time, it has encouraged the client to go there. And so, although a little difficult, they have now handled a lot of their financial problems.
The point is not that the current situation will get better very quickly. It cannot be said that this will not happen again. For so long, many tech companies have survived by using technology in the same way. The look of the product is constantly changing according to the needs of the buyer. And just like that, the time for a change has come now. Experts think that this time everyone will move towards a new digital world by changing the idea of becoming conventional digital. And it started this year, with the outbreak of the epidemic.
Hasibul
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