Emerging Business Trendz in Post Coivd Era

There are so many questions in this Pandemic situation, yet, very few answers. In response to the pandemic, the world has seen some common emerging business trends that bring ease to the life. There are five such trends which are very significant in the post-Covid world.

Digital transformation
Digital Transformation is a business trend that has gained immense popularity since last few months. Before the pandemic, few businesses invested significant time, effort, and capital into digital transformation while others weren’t too concerned about digitalizing their offerings. However, Covid-19 has forced organizations across the globe be it education, healthcare, telecom, consulting, industries etc to take radical steps towards adopting technological advancements to secure their business.

Virtual sales platforms beyond ‘Online Shopping

While on line purchasing has been in the ascendency for years, however the closure of the majority of retail stores due to the pandemic has accelerated the vogue and spawned new commercial enterprise concepts. More aggressive innovative concepts are seen automotive sector where buyers get a good sense of vehicle features and driving experience see a clear sales advantage through virtual car buying experience offered by major brands.

Healthcare reformation
Covid-19 pandemic has uncovered predominant gaps in the healthcare systems of some of the most advanced nations in the world.

The pandemic can be a useful window of opportunity to undertake public healthcare reforms that are long due. Such reforms are, however, constrained by the path-dependent characteristics of private healthcare system. Unless the dominance of private health care sector are constrained, advanced technology, medical equipment cannot be made available to general public. However the importance of providing better health care service to general public is much essential for a healthy nation.

Also, there is much need to focus on the mental health will significantly increase, as remote working, social isolation, and social distancing becomes the ‘new normal’.

Remote Learning
Covid-19 forced educational institutions to go remote overnight. Students went into home classrooms. Chat and video messaging platform, student engagement platform, digitizing infrastructures, online academies see long term growth. Multiple e-learning startups specializing in online course content reported substantial growth in interest in their products in the wake of Covid-19.

Contactless payments
Contactless payment options were already on the rise before Covid-19. However, social distancing has not only limited the people’s interactions with each other; it includes contact with publicly shared devices like point of sale terminals and checkout counters. contactless offers consumers a safer, cleaner way to pay, speed at checkout, and more control over physical proximity at this critical time.

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