Life is never going to be the same. World is going to be divided into the pre Covid-19 and Post Covid-19 era.
E-Commerce plays a major role in this time than ever, connecting people and communities and helping them stay in touch with loved ones, customers, work, entertainment, news and many more.
Businesses are navigating themselves to reach for the consumers through the digital medium. People discovered that they can do a lot of things using the internet which otherwise was ignored.
Even after we eliminate Covid-19, this new found ability to manoeuvre the way we go about our daily lives is going to stay with us.
Let’s look at how eCommerce plays a major role in various domains.
Retailers
Online services are the only option for retailers in these COVID-19 times. eCommerce has never seen a surge like this before with retailers struggling to meet the consumer demands.
Lack of availability of goods at local brick and mortar stores has many consumers using the internet to make their purchases, with retailers using this opportunity to get into the eCommerce zone.
Banking
38% of consumers see Contactless as a basic need or future, Digitals wallets and contactless payment are in demand. Global ecommerce transactions were up 23% in March with countries encouraging the use of contactless payment to prevent the spread of virus from exchanging cash notes.
Digital payments are growing even though consumer spending takes a hit due to Covid-19.
Surge in Mobile Apps
With people confined in homes and spending more time with Apps, there is a surge in mobile app downloads. Mobile users are spending 87% on their time in apps versus just 13 % on the web and for app developers.
This is the time to seize the opportunity that presents themselves before app developers. Today developers all over the world are working to come up with the best version of Covid-19 Contact tracing apps.
IT Industries
Work from home or anywhere is the new norm for IT industries all over the world, with increased security controls.
With virtual and remote working taking over, significant investment in new tools technologies like 5G is expected.
Cloud and Digital adoption that reduces human touch creates a huge opportunity here to reduce the impact of coronavirus.
There is the story of a young martial arts student who was under the tutelage of a famous master.
One day, the master was watching a practice session in the courtyard.
He realized that the presence of the other students was interfering with the young man’s attempts to perfect his technique.The master could sense the young man’s frustration.
“Before you can master technique, you must understand harmony.
Come with me, I will explain”, replied the master.The teacher and student left the building and walked some distance into the woods until they came upon a stream.
The master stood silently on the bank for several moments.
Rajalakshmi group of educational institutions in Chennai is familiar for their versatility of academic excellence and research activities.
In the group, Centre for Medical Imaging is formed with the objective of creating proficient solutions in medical imaging applications.
The centre has members from faculty fraternity, students, and medical imaging professionals.Ever since the onset of the pandemic COVID-19, the members of the centre discusses the research progress across global in the aspect of medical imaging to detect COVID-19 through various imaging modalities like X-Ray.
Initially, we were thinking to use ultrasound images but due to some technical issues, we couldn’t follow it up.Later we decided to use chest X-ray images and incidentally, we were able to get around 100 COVID-19 affected subjects’ chest X-ray images through open-source Canadian research forum.
With the acquired images we planned to develop an Artificial Intelligence (AI) tool to detect COVID-19 condition from the test chest X-ray image.We decided to add the provision for detecting CAP (Community-Acquired Pneumonia) besides to COVID-19 in the proposed tool.
We used 14,148 chest X-ray images of all these three classes for rigorously training the neural network inbuilt in the AI tool.
At this time, if the entire world is worried about something, it is the novel coronavirus (nCoV) or also known as the Wuhan coronavirus.
Not to mention that this outbreak has already created much fuss across the world including India.
Coronavirus which is caused by SARS-CoV-2 was first identified in Wuhan, Hubei, China in December 2019.
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We all know how severely Coronavirus has affected businesses all across the globe.
While there are businesses still strangled in the tough times, you can make the smart move by investing in the right business strategy.
Here we have listed 3 super effective hacks that will help you plan the COVID19 business recovery road.
People like things that are easy to access, so working in the load time is a must form a business point.Another thing you need to focus on is the emails.
Also, make sure you keep on engaging with them on a regular basis, it will definitely help in more conversions.Address Current CustomersWell, if you are on with the COVID19 recovery mode, then you have to focus on the current customers first.
So, analyze their issues and try to create an action plan accordingly.
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), Asia-Pacific (China; India; Japan; Southeast Asia etc.
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3. additionally , additional factors are mentioned: imports, arrangement of commodity prices for the market, supply and demand of industry products, major manufacturers.