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Note: The views and opinions expressed here are those of the authors and do not necessarily reflect the position of the Morris County Chamber of Commerce.
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MCCC Blog |
Note: The views and opinions expressed here are those of the authors and do not necessarily reflect the position of the Morris County Chamber of Commerce.
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Based on conversations with colleagues, research from numerous experts, and personal perspective, I have assembled my personal prediction as to the top 10 list of post Covid-19 technology changes we can expect to impact society, our businesses, and us as individuals. If you are going to remain viable you must learn to ride this wave of change both in your business and your personal life.
Yes, this is not the full list of all that may happen, and I even had a list of topics I considered but did NOT make my final list. Here are what did NOT make the top ten.
"We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next 10. Don’t let yourself be lulled into in action." Bill Gates, co-founder of Microsoft 1. Contactless Interfaces & Interactions Touch screens are a relatively new phenomenon that has gained widespread acceptance. Cash has been around as long as modern society. Both of these require physically touching surfaces something that is newly objectionable to people around the globe. In the very near future, this will continue to expand though it needs to reach the almost 2 billion people that are not on banking and don’t have access to reliable Internet service. There are already a variety of contactless interfaces such as:
2. AI Enabled Drug Development We are seeing the speed and urgency of both a treatment and vaccine for COVID-19. The expectation of speed to market will transition to all other drug development operations across the full pharmaceutical development lifecycle. This will continue as a new way to function.
3. Telemedicine To curb traffic at hospitals, healthcare practitioners began implementing consultations via video during this pandemic. Initial success has been very positive with less waiting and more face time with the physician. Healthcare regulations, at the time they were written, did not envisioned Telehealth. Changes to coverages are required to ensure acceptance by insurance.
4. Online Shopping Businesses believed their online shopping was ready until COVID-19 stressed the systems like never before. Companies of all types and sizes are now required to have effective online services even while they continue to maintain a brick-and-mortar operation. Just like a website was once a nice to have, online shopping has transformed to a must-have. There has been and will continue to be a loss of foot traffic due to stay-at-home policies. Pre-crisis instore sales generated over 80% of retail transactions and we all know this will quickly decrease. Areas to consider when thinking about the future of online shopping.
5. Robots and Drones The world now understands how deeply we rely on human interactions to make things work. At the same time, robots don’t get sick. It has been predicted manufacturing jobs will be replaced, even so, new jobs will be created in the process. We need plans to provide training and support so employees can embrace the change. Wide use and expansion can be seen in several new areas as a result of this virus.
6. Digital Events & Entertainment Stay at home requirements has reduced in-person interactions significantly, but human imagination has brought the party online and it is here to stay. There is less of a capacity issue and the new delivery model permits attendees from around the world at any time of the day. We will continue to see an increase in hybrid events taking place both in-person and digitally. Events we are already experiencing.
7. Esports Sports have been a mainstay of society's culture since the Olympics began in 776 B.C. During the past 2000 years shifts in interests have changed many times over. We are now about to experience a new shift. F1 Exports Series is the newest platform providing professional esports. We also have live gaming events. I expect esports will be created in the big four: Football, Basketball, Hockey, and Baseball. Where and how they are consumed is much different from traditional network broadcast TV.
8. Retail & Food Distribution Centralization As it is predicted many as 75% of all restaurants are likely to close, we will find it is required to have a more efficient centralized distribution of food and other goods. The future must center on minimal customer contact. The near future will have automated systems to bring the products and food to your vehicle using app-based ordering. Large chains with a robust online capability are likely to dominate this space such as Costco, Walmart and Amazon.
9. Distance Learning Globally, school and university closures impacted 1.6 billion students. The online learning that occurred for 8-12 weeks will continue in some format as we move into the next school year. While there will be an increase in online learning, the radical change will be the use of virtual/augmented reality and ultimately holographic learning, so students view the concepts that are taught and visualized them during class sessions. This will help them to clarify the concepts in a better manner and will enhance the way students learn. This may create a wider divide in terms of digital readiness and income level. Distance learning is likely to create economic pressure on parents, who need to stay home to watch children.
10. Remote Work Companies have asked employees to work from home and they may stay there. Separate from technology, but an important thought is the demand for commercial real estate is likely to plummet. Though remote work saves commute time and provides more flexibility there can be both loneliness and lack of work-life balance. Also expected are complications in labor law issues, such as a safe work environment, taxes, security, and privacy. As employees return to a physical workspace, the socially distant requirements limit watercooler conversations, defeating many advantages of an in-office environment. As there are likely to be fewer benefits to returning to the office, we need to get the most out of our virtual atmosphere. Many companies are focused on expanding the virtual workplace tools some of the new players in this fast-growing space include:
Conclusion Change is happening and it is happening now all around us. New technologies will quickly become part of our normal everyday work and personal lives. As Bill Gates once said, “The advance of technology is based on making it fit in so that you don't really even notice it, so it's part of everyday life.” These changes will happen so fast and seamlessly you need to climb on board or get left behind. Which one or two will you select as a focus for you both professionally and personally. In summary here is a list of The Technology Transformation Caused by Covid-19. 1. Contactless Interfaces & Interactions 2. AI Enabled Drug Development 3. Telemedicine 4. Online Shopping 5. Robots and Drones 6. Digital Events & Entertainment 7. Esports 8. Retail & Food Distribution Centralization 9. Distance Learning 10. Remote Work by John Kullmann; VP, Technical Solutions Macrosoft, Inc John works with new and existing clients to clearly understand their requirements and translate them for the software development teams. John has extensive experience in Six Sigma, Lean Engineering and managing international operations. His background has allowed him to be responsible for ensuring ongoing client satisfaction. John consistently provides excellent customer service, ensuring the highest quality. 6/23/2020 10:03:51 am
Chamber members need to be building their digital surfboards to ride this wave of change or be swept away. Comments are closed.
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Please Note: The views and opinions expressed here are those of the authors and do not necessarily reflect the position of the Morris County Chamber of Commerce.
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