New technology trends can reshape industries, even amid the COVID-19 pandemic. In this article, we look at five startup tech trends to watch amid the coronavirus crisis. Discover everything you need to know!
The effects of the coronavirus pandemic extend well beyond the public health sphere; it is also affecting the global economy in a significant way. In fact, the pandemic has triggered a game change in how many businesses operate today, and in the process, it has accelerated essential technology trends.
Technology plays a crucial role in helping our society remain functional during lockdowns. So, if you ask “what is ‘technology trends’,” let’s try to answer. The technology trends definition refers to the many startup tech trends that have come up in response to the coronavirus crisis, intending to help society reduce the virus’s spread. At the same time, they are ensuring businesses remain open during the pandemic.
In this article, we look at some of the startup technology trends to watch, potentially helping society deal with the pandemic. We review their effect on how we conduct business, work, and learn and how we get entertained.
From startups like Mr Bet that allow you to access the Gemix to telemedicine, we’ve compiled a really diverse list! Furthermore, we look at the potential duration of the tech startups’ impact – will they last long beyond the pandemic? Read on to learn more.
5 Top Technology Trends to Watch for During the Pandemic
Here are the five latest technology trends that have the potential to help society remain resilient in the face of the pandemic.
1. Remote Working and Conferencing
The coronavirus has triggered a game-changer in how organizations conduct their businesses. To curb the virus’s spread, many companies have scaled down their on-site operations and switched to working remotely.
Because of lockdowns and quarantines, many employees are now forced to work from home, to keep safe from the virus while still remaining productive. As such, there are technology trends in business to reflect the demand for tech innovation in the ‘remote working space’ industry.
The latest technology trends for 2020 include practical tools that will provide next-gen conferencing and remote working services to ensure organizations continue operating efficiently even in times of the crisis.
Virtual meetings and remote working services from companies like Zoom, GoToMeeting, Slack, and WebEx have become invaluable in recent months. Their technology allows workers to enjoy the on-site experience while working remotely.
The startups that provide shared versions of applications like whiteboards and browsers are poised to impact the ‘remote working space’ industry significantly and are among the top technology trends to watch for during the pandemic.
2. Digital and Contactless Payments
Cash is notoriously covered in germs, and this has spawned concerns about whether handling money contributes to spreading the coronavirus. While banks in China sterilized cash with ultraviolet/heat treatments as a way to prevent further spread of the virus and the U.S. Federal Reserve quarantined dollars repatriated from Asia, the World Health Organization says you need to sanitize properly after handling money.
Even though it is not established that indeed cash spreads the novel SARS-CoV-2, the growing fear and anxiety from both consumers and business owners have led to the need for alternative payment systems that are considered ‘safe’ amid the pandemic.
There’s more. Digital and contactless payments are becoming the favorite mode of payment among consumers who are cautious about handling cash amid the coronavirus pandemic.
In fact, contactless digital payments are among the top current technology trends in 2020, allowing consumers to make online payments for goods, services, and utilities.
3. Telehealth and Digital Healthcare
Telehealth is among the top emerging technology trends, providing an effective solution for containing the coronavirus spread while still enabling healthcare practitioners to continue providing quality essential primary care.
In this innovative technology space, we have wearable personal internet-enabled devices that can track a person’s vital signs. We also have chatbots that effectively make initial diagnoses based on the symptoms presented by a patient.
Considering that now tech literacy is high, especially now that virtually everyone can use a smartphone, telehealth will enable doctors to provide remote medical care to patients, reaching even those living outside their jurisdiction.
Furthermore, artificial intelligence in facilitating the evolution of health care is becoming more visible, even in these desperate times of the coronavirus crisis.
Medical practitioners are implementing digital health care under the theme of prevention, providing accurate predictions at the genome level. For instance, startups like Color and 23andMe are at the forefront of genome analysis in the U.S, while Japan boasts of Genesis Healthcare. These technology startups utilize genomic analysis to understand more about diseases and find preventive measures.
Not only are telehealth and digital healthcare technology trends a testament to the evolution of health care, but their contribution is expected to be part of the future technology trends.
4. Online Entertainment
The coronavirus has dealt a massive blow to how people interact with each other. Not only are we discouraged from attending crowded events, but we are advised to self-isolate and quarantine to prevent the spread of the virus.
Because of lockdowns and quarantines amid the COVID-19 pandemic, we cannot go to bars or attend concerts like it was the norm. However, even in times of isolation where in-person interactions have reduced significantly, emerging technology trends in online entertainment are helping bring joy to the masses who love to party and make merry.
Online parties are now becoming a thing. We have cloud raves, and online concerts are gaining traction all over the world. Museums and international heritage sites are also not left behind, as they are now offering virtual tours.
We also have online gaming experiences, and these have seen quite a surge now that everyone is spending most of their time indoors. Casinos and online slots have gone mobile, making it in the top mobile technology trends.
5. Autonomous Delivery
Considering that in-person interaction is reducing as a way to stop the spread of the virus, there is an upsurge of companies promising ‘contactless’ delivery. Apparently, companies like UberEats and DoorDash are dumping funds into their R&D departments to innovate automated robots to make autonomous deliveries.
As we’ve already mentioned, the list is diverse, and the future looks bright. It’s still hard to say how certain parts of the economy will unfold, but technology is undoubtedly not stopping. Among the technology trends looked at in this article, which one do you think will have the most significant effect now and in the future? Leave your comments below.