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Is COVID-19 A Curse On The Information Technology (IT) Industry?

Good Or Bad, IT Sector Braves The Brunt Of The Pandemic

By Jyoti Dhakal, KATHMANDU:- The coronavirus or COVID-19 pandemic has caused huge changes in many industries, and Information Technology (IT) industry is a major sector among them.

The weakness the IT sector is facing now is due to the fall in the economy, as a lot of companies are forced to ask their employees to work remotely. Due to this, there is a massive loss in opportunity for many companies who have international dealers.

For example, Apple Inc. is estimated to have at least 10 percent fall in its shares because of the lack of availability of iPhones in the market. The parts that are required to build the iPhones are supposed to come from China, and it is facing a major lockdown.

According to an article published by Trace Media Ltd., the overall impact of COVID-19 turned out to be worse than any recent critical economic, strategic, and political clashes happening around the world. The impact is not limited to human health; this pandemic has affected every industry economically and the global Information and Communication Technology (ICT) sector is no exception to this.

The spread of this deadly virus has caused a lot of tech conferences to get canceled, which could have been a great opportunity for companies to expand their businesses. The employee working in IT sector are not getting proper pays in a country like Nepal, because of the lockdown.

Developing countries have used the technology to be a boon as well. They have used the technology for helping the medical sector regarding coronavirus for identifying it by investing in smart city solution, such as the police in China are using drones attached with thermal sensors to identify the symptoms for coronavirus and get immediate medical help.

In Australia, the government had launched a chat-bot to keep the citizens up to date with the situation and answer their questions so that they will be able to decrease the spread of misleading information and stop the panic that could be created in public.

In South Korea, the local government has launched a smartphone app that keeps the self-quarantined employees in touch with their workers to keep the updates to the work process and to ask any questions.

There are a few threats, such as, after the pandemic is over, what would happen to the IT sector? Many exporters in this industry feel that it will not be able to stabilize after the downfall. However, the sector is expected to come back on track and enhance their business as before.

(Highlight: According to an article published by Trace Media Ltd., the overall impact of COVID-19 turned out to be worse than any recent critical economic, strategic, and political clashes happening around the world. The impact is not limited to human health; this pandemic has affected every industry economically and the global Information and Communication Technology (ICT) sector is no exception.)

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