Big time for Startups, WFH, tech solutions post COVID-19
On a Sunday morning while reading the Economic Times, I chanced upon an article on the IT Industry, where I have spent over 30+ years. I thought to myself, though the word ‘Lock Up’ is not such a nice expression to carry, ‘Lockdown’ most certainly is not so. Specially not for IT Industry. Such situations in life, like the Y2K, Financial Crash of 2008 and even the new digital phenomena has been hitting us through Cloud computing, mobile applications for sometime now and so, the Covid-19 and its Work From Home (WFH) phenomena has multiplied our access and adoption to the digital world in this new world of social distancing, hand sanitizing and so on.
Though I must tell you our Globsyn Group’s Technology Division run by my son Romit, had adopted Work from Home, for some 3 years now. One of the main reason he did that was, he got graduate women who had a family back home and were smart and intelligent and could be deployed for his AI/ML offshore work. Romit felt this work mode was smart, efficient with a higher yield, so it simply made sense to him. This time around, when the Lockdown happened, this mode helped as his Team could transfer 1400+workstations on a WFH mode very easily as that was the need of the hour during COVID-19 times.
He even gave back some huge rented space he had taken to manage his growth, as the work has shifted to WFH mode. I give this example nearer to home to tell you of what the young entrepreneurs of today, would be thinking and working on them. Education, the other area, we are involved in, most certainly will not be the same, as before. The ‘blended’ model of technology in every sphere of life, invading even our homes, life of our teachers and students, of our workplace and becoming at times the only option for operation is here to stay. Today, re-orientation is happening everywhere. Virtual meetings, discussions, cultural events, business summits, digital payments — all are getting smarter by the hour. This phase of our lives have a tremendous positive impact too — It will encourage innovations. This time is ‘Surely and Truly’ for smart youngsters. Youngsters even with street smartness, focusing on the gaps, getting created by our actions and decisions, creating lack of convenience, less efficient means of conducting ourselves and our work, will have opportunities to innovate and provide new solutions. A big time for Startups, Angel Funding and even Venture Funding. Organizations might merge, might be taken over and grow manifold.
As we move from Lockdown to Unlock phase, the confusion on the roads/streets, shops, public places, malls, restaurants will throw open huge scope for innovation and new products and services will emerge. There is absolutely no denying that Infotech will play a major role, as always. Perhaps we are in for good times and as parents we must support, encourage our next generation to be innovative to succeed. I personally think, INNOVATION will continue to be the key for times to come.
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