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How technology is helping to combat Coronavirus?

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Due to the Coronavirus outbreak, global recession has become a major topic of discussion, which makes upskilling a priority for the professionals. – PowerPoint PPT presentation

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Title: 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!
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