Opportunities For Technological Disruption In Times Of Crisis
By MYBRANDBOOK
Covid-19 has posed major challenges for governments and businesses across the globe and technology is playing a major role in combating the crisis. Indian industry’s actions will be the key to revival as it explores new opportunities.
I think businesses are looking at driving innovation in their products and services because that's undergoing a change. The needs of the end customers have also shifted. We have seen customers opening up to the technology.
Nearly 70 percent of business-to-business startups cite client payment delays as a major issue, with retail and fintech start-ups most impacted. 7 in 10 B2B startups are also reducing their marketing spend significantly. At the same time, Business-to-consumer start-ups in the delivery space are facing immense manpower crunch, 9 in 10 travel and transport start-ups have been impacted by the global pandemic while 8 in 10 agri and fintech startups are facing a “significant funding crunch”. Majority of startups expect the impact from Covid-19 to last upto 12 months, according to the NASSCOM.
COVID-19 has brought many businesses to a screeching halt across the country, people are looking for alternatives to in-person services. Healthcare is no exception. Patients looking for routine treatments are avoiding hospital visits, pushing medical professionals to adopt telemedicine. This means patients can connect to healthcare providers via virtual visits -- and maybe the end of waiting rooms forever.
As projected, there will be over billions of tele-health visits by the end of 2020. And now that insurers are willing to fully reimburse claims from tele-health visits, the industry is set to take off. Startups, as always, are helping pave the way.
The competitions among the start-ups also increases, yes some will definately survive, who could offer same-day appointments with a network of physicians bring newer opportunities. Many are coming up with much more disruptive ideas including, to offer healthcare practitioners a free, HIPAA-compliant video platform to virtually connect with their patients. Doctor on Demand takes telemedicine a step further, allowing patients to make virtual appointments with their own practitioners on the platform. These changes were driven by doctors, insurers, and the government. Telemedicine is being driven by patients looking for better, faster, and safer options for their care.
Apple along with Google to use Gemini to add generative AI cap
Active negotiations are underway between Apple and Google to employ Gem...
Google Phone app eliminates the "Nearby Places" search feature
The "Nearby Places" search function, which let users locate nearby business...
Apple may change name of Apple ID to Apple Account this year
Apple is considering changing the name of its "Apple ID" soon and rebrandi...
Google Meet introduces new feature to enhance appearance on vi
Subtle touch-up' and 'Smoothing' settings are available for online meetings...
CP PLUS INDIA PVT. LTD.
LUMINOUS POWER TECHNOLOGIES PVT. LTD.
JUVAS SOLUTIONS PVT. LTD.
TAC SECURITY SOLUTIONS
Technology Icons Of India 2023: Hari Om Rai
Hari Om Rai is the Co-founder, Chairman & Managing Director of Lava In...
Technology Icons Of India 2023: C P Gurnani
CP Gurnani (popularly known as ‘CP’ within his peer group), is the...
Technology Icons Of India 2023: Girish Mathrubootham
Girsh Mathrubootham envisioned and co-founded Freshworks. Freshworks, ...
RailTel connecting every corner of India
RailTel is an ICT provider and one of the largest neutral telecom infr...
DRDO is India's largest and most diverse research organisation
DRDO is the R&D wing of Ministry of Defence, Govt of India, with a vis...
CERT-IN protecting the cyber security space of India
CERT-In serves in the area of cyber security threats like hacking and ...
SATCOM INFOTECH PVT. LTD.
Satcom Infotech Pvt. Ltd is a distribution houses in security in India...
INGRAM MICRO INDIA PVT. LTD.
Ingram Micro India, a large national distributor offers a comprehensiv...
ACCERON INFOSOL PVT. LTD.
It is a leading value added distributor in the IT security space and h...