How technology is helping to combat Coronavirus?

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How Technology is helping to combat Coronavirus?
- Global Knowledge Technologies
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• Mankind across the world was quite busy and
  working at their own pace towards respective
  personal and professional goals, until
  Coronavirus (COVID-19) outbreak became the
  headline of almost every National and
  International news. A virus that is said to be
  originated from Wuhan, China started spreading in
  several countries like wildfire in no time,
  leaving people baffled and distressed. Amid all
  these, what stood as a positive factor is that we
  are living in a time when technological
  development is at its peak, enabling researchers
  and organizations to leverage technology to fight
  against the spread of COVID-19.

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How Technology is helping to combat Coronavirus?
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Setbacks

• Emerged as a global calamity and declared as a
  pandemic by WHO, the virus is resulting in
  numerous cities pounder lockdown across more than
  100 countries, collapsed supply lines, economies
  derailed and impacting millions of lives. In this
  hour of pandemic, no matter how much developed a
  country is, probably none of them are prepared
  enough for this unanticipated disaster. The
  global economic impact is so grave that, recently
  UN Conference on Trade and Development has
  predicted that the coronavirus outbreak might
  cost the global economy upto 12 trillion in
  2020.
• The Chinese economy went down by 10 percent of
  GDP in the first quarter of 2020. The estimates
  for the US and Europe will be in the same
  magnitude. There will be a double-digit drop in
  the first quarter.
• Raghuram Rajan, Former RBI governor and
  Professor of Finance, University of Chicagos
  Booth School of Business

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Setbacks

• And particularly in a developing country like
  India, which also happens to be the fifth-largest
  economy in the world, the stay at home or
  social distancing solution may not leave a
  favorable impact on the overall economy of the
  country.
• In India, apparently, over 50 percent companies
  are experiencing impact on their operations and
  nearly 80 percent have witnessed a decline in
  cash flows. This clearly depicts the upcoming
  struggles that the job market in India is going
  to experience.
• There was a strong hope of (economic recovery)
  in the last quarter of the current fiscal.
  However, the coronavirus epidemic has made the
  recovery extremely difficult in the near to
  medium term.
• -The Federation of Indian Chambers of Commerce
  and Industry (FICCI)
• Considering all the research and predictions
  made, it is clear that the pandemic will have a
  devastating impact on all sectors or industries
  making economic loss utterly uncertain.

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Global Recession

• As per theInternational Monetary Fund, a global
  recession caused by coronavirus pandemic in 2020
  could be far worse than the one triggered by the
  global financial crisis of 20082009.
• International Labour Organization (ILO)
  forecasted that the COVID-19 pandemic might
  increase global unemployment by almost 25 million
  jobs, considering the ongoing economic and labor
  crisis. It also said that there could be an
  intensification of underemployment on a large
  scale.
• Employees may have to face delayed increments and
  bonuses as employers are subjected to confront
  the huge loss caused by the outbreak.
• Recruitment of top executives is likely to be
  delayed or pushed back by at least a quarter, as
  the pandemic is forcing companies to postpone
  projects and instead look for ways to recover the
  loss caused in business.
• This is no longer only a global health crisis,
  it is also a major labor market and economic
  crisis that is having a huge impact on people.
• -ILO Director General Guy Ryder

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Technology as the Ray of Hope

• Advanced analytics is helping considerably in
  tracking the spread of disease despite the
  vulnerable populations through which it is
  traveling. In fact, with the help of technology,
  renowned social media platforms like Facebook,
  Google, and Twitter is helping to understand and
  eliminate misinformation about the virus.
• Robotics or automated technologies has been
  deployed in several locations of China for
  contactless delivery, performing basic diagnostic
  functions and distributing essentials among the
  public, with the aim of minimizing the risk of
  cross-infection. In Kerala too, the use of
  robots was seen for distributing masks and
  sanitizers.
• The White Houses Office of Science and
  Technology Policy recently asked researchers to
  utilize AI and analyze about 29,000 scholarly
  articles for answering pivotal questions about
  the coronavirus.

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Make the Shift to Virtual Learning

• In this scenario, nothing will help well than
  taking up online IT Courses and Professional
  Certifications that will strengthen the value of
  IT professionals resume. Post, the withdrawal of
  the lockdown, companies can also take the plunge
  of organizing Corporate Training for its
  employees so that they remain updated with the
  new-age technical skills and bring more
  productivity to work.
• Understanding the ongoing crisis and keeping the
  spirit high that everything is going to be
  alright soon, Global Knowledge Technologies is
  offering a wide-range of online training courses
  on in-demand skills by top OEMs which can be
  pursued by working IT professionals while
  completing their work commitments from the
  comfort of their homes.

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Thank you!