Covid-19’s pandemic has severely impacted the world economy, affecting industries in various markets across the globe. The emergence of the virus has already put countries into shutdown expecting a recession’s economy. As the virus affects most developed countries substantially, its effect on India is comparatively small compared to others but has a greater influence on companies in the world and economy.
Owing to the corona virus pandemic and ensuing shutdown, these have now fallen to 40 percent leading to about 55 percent of electronics shipped from China. The IT industry has been India’s leading market in economic development over the last few decades. It plays an important role in realizing the many visions of success and inspirational professions of the country’s numerous middle class. Even though there is an obvious effect in the declining IT sector due to the corona virus outbreak, it’s still contributing and may rise afterward. Prodded the lockdown, India’s major IT corporations have ensured that as much as 85 percent of their workers operate from home while managing to serve global clients.
IT solutions should be considered as a blessing in disguise that has helped companies to restrain their regular operations by working from home. Companies linked to the modern economy and delivering digital infrastructure-culture, job, and office networks, among others, and supply chain management are performing well. We link the current scenario to savings and efficiency benefits from WFH (Work from Home) and it is not just the IT industry that is taking advantage of this. Industries around the financial industries, like banks, are expected to in the future see fewer employees operating from the workplace.
In numerous ways, working from home is ensuring one has enough time to expand interest horizons by getting involved in it. Today’s technology has made it highly convenient to connect with every corner of the world by getting along with it, or digitalizing our reach. Covid-19 has offered online learning a big boost in both the metro and non-metros. For e.g., online education has got a big boost. Educational agencies, corporate organizations, and others have brought online schooling to a new stage by providing creative classes, coaching, and lessons to hold their viewers engaged. Cyber defense, cloud, DevOps, AI, and data science courses saw a 15 percent rise from March, according to reports.
What is clear, is that technology expands communication pathways and also offers us resources that we can use to understand, which in turn gives us the knowledge that we need to interact efficiently. Virtual learning has begun changing schooling in all levels of existence-from school to the workforce and beyond.
Technology transcends boundaries, allowing research available to more people regardless of the time zone and climate of analysis. With technology proliferating – from laptops to handheld mobile devices – and growing networking, more citizens are taking advantage of interactive learning resources and the ability to interact, chat, and collaborate. Since lockdown, Corona has spared plenty of time to invest wherever we want. Based on the findings of a study on the effect of the corona virus (COVID-19) pandemic on media use across India, an increase in the usage of social networking apps was identified during the first period of the national lockdown. This indicates a natural cause and effect relationship but without IT support nothing of it could be happening.
Even schools, colleges & other institutions are also considering online studies and data management more profitable in the long run. With the current condition, it’s certain this effect of Covid-19 on our economy and day-to-day operations may stay for a while until a reliable vaccine is not developed.
Again, Information technology has helped them by introducing the concept of LMS which stands for learning management system which is an Industry Vertical platform that offers resources, methods, and meaning for managing, recording, monitoring , reporting, and implementing instructional, training, or learning and growth programs. The global LMS market is projected to see substantial growth due, among others, to the e-learning industry, the cloud infrastructure sector, and the demand from businesses for cost-effective training solutions. Training management systems may also be accessed through cell phones, because the businesses supply their learning management systems with mobile learning capabilities.
The importance and advantages of Indian IT around the globe have been tremendous, and in the post-Corona period it will continue to play the same main role. The IT sector has to stay competitive, communicate with clients on a daily basis, and build new approaches proactively to not only prevail over the pandemic, but to succeed more strongly.
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