Global Coronavirus Pandemic Holds Important Lessons For The Tech Industry

The global outbreak of novel coronavirus disease (COVID-19) has plunged many industries across the world in a deep state of crisis. The tech industry is seeing its share of challenges too, such as limited workforce, revenue slowdown, and diverted supplies. As we pass through this very tough phase and after we come out of it, the industry would have experienced a sea-change unto itself. Status quos will be broken, old-world patterns will be brought down and new stalwarts will emerge.

The Remote Miracle

 

The tech industry is one of the few sectors that has the unique advantage of getting its work done despite its workforce being spread across different locations. To stay operational most companies, from the biggest movers and shakers to smallest players, are encouraging their employees to work from home. This might easily be the world’s biggest remote work experiment.

 

Before the global pandemic, remote working was considered a millennial trend, with only about 18% of the global population adopting a remote work lifestyle. Europe and Asia have experienced the shock of a transitional shift in working patterns more than the USA, as these regions weren’t always receptive of the remote work model. Remote Work was being referred to as the ‘Future of Work’ until about January 2020. Turns out, the future is here. 2020 is going to be a revolutionary year for remote work arrangements and we will see more remote companies and more distributed teams sprout in the post-Corona world.

 

The Healthcare Heroism

 

The Healthcare Tech industry, acknowledged but not given priority so far, is suddenly going to see an upsurge. Chinese companies including Alibaba have already shown that technology will play an important role in the way data is collected for healthcare and healthcare is delivered in times of a pandemic. Ping An, a Chinese company, reported a 10-fold increase in the number of users on its online health care and consultation platform between 22 January and 6 February 2020, compared to the first 21 days of 2020.

 

In India, too, the government has launched the Aarogya Setu app to help citizens identify their risk of contracting coronavirus. Using Bluetooth and GPS-generated social graph, the app keeps the user updated if they have crossed paths or come in contact with an infected person. The app also comes with a tool for self-testing questionnaire and self-isolation advice.

 

In South Korea, the government mobilized private companies on a large-scale to start manufacturing Coronavirus testing kits using AI technology, helping them speed up research and production by atleast three weeks. Similarly, pharma companies in the UK and USA too are using AI to speed up the discovery of vaccines and drugs by crunching large datasets from healthcare apps.

 

There is a dire need, and receptiveness for technology-driven healthcare solutions, and there is a good chance investor, as well as users, will be willing to give them a lot more priority in the coming future.

 

Governments too will increase their dependency and of healthcare tech, as they realize that tech solutions make it easier for them to trace, track and control a disease that holds the potential to affect a majority of their population. The industry will show a willingness to invest in as many (or more) healthcare ventures as they have in Artificial Intelligence, Augmented Reality or Ecommerce in these past few.

 

The Ripple Effect

 

In the post-Coronavirus world, the tech industry will have also learned to not live in a bubble. Industries don’t exist in isolated planes and are more co-dependent on each other than it was ever thought.

 

The tech industry specifically, started feeling the brunt in early 2020 itself, when the outbreak in China and neighbouring countries resulting in worldwide temperature-checks and health tests at airports. Tech executives and CEOs had a hard time travelling from one place to another. With Uber and Lyft having to suspend car pool services in lieu of the circumstance, their demand and stocks nosedived. With more and more governments asking citizens to stay in and not travel unless necessary, aviation companies and rideshare / cab aggregator companies are bound to feel the heat.

 

The Consumer Shift

 

The pandemic will also shift customer behavior patterns forever. Customers who were not in favour of buying groceries and fresh produce online (for lack of trust, mainly), have had to shift to online ordering for daily essentials. There is a good chance that many of them have crossed over to the permanently-online-purchasers category and will stay there well after the time of crisis is over.

 

Just like remote working, the education sector, too, has quickly adapted to remote learning. With a plethora of tools and options available to make learning possible from distributed locations, remote learning or the ‘e-learning’ industry is bound to see a massive surge in the userbase. Educational institutes will show readiness to adapt more flexible learning methodologies and make learning more interactive, now that they know it is possible and working.

 

For organizations too, the outbreak may have accelerated the new ‘normal’ in how they get work done. Even the biggest names were sluggish in putting into place virtual office infrastructure as they treated ‘work from home’ more of a benefit than a habit. With employees realizing that with the right infrastructure and attitude, remote work can be just as, or even more, productive as work from office, companies are going to have to virtualize business operations on a massive scale after the pandemic. After all, will someone wasting 60 to 75 minutes commuting to and from work, want to go back to it after experience the convenience of remote work lifestyle? The Coronavirus outbreak maybe a tipping point for the remote work model, the same way as World War II was for the 9 to 5 model.

 

The Black Swan Theory

 

More than anything else, the tech industry will now be prepared to face situations it never would have predicted could happen. The tech industry will increase its expenditure on remote tech and cybersecurity to be prepared for a ‘black swan’ event like this. Even as some countries just ignored the risks of Coronavirus (despite warnings), some went into a pre-mature drive to stop it in its track. The tech industry, neither was prepared nor ready, to handle a cataclysm of this scale. Some companies jumped into action quickly, while most took their own sweet time to make critical calls.

 

Technology has been one of the biggest pillars of strength for the society as online channels have made everything possible and available even as quarantine and lockdowns have increased. It will also have to play an important part in administrative and healthcare efforts as the post-Corona world will look to be better prepared and battle-ready for another global mishap.

How Coronavirus Pandemic Is Affecting The Tech Industry

In the 15 days since the World Health Organisation (WHO) declared the Coronavirus outbreak a pandemic, 471,000 cases of COVID-19 have been reported globally.

The pandemic and consequent measures to stop its spread have taken a serious toll on the global economy. The cancellation of many big events, shutting down of commercial establishments, limitations on use of public transport, and employees having to work from home have crippled many industries. The tech industry, too, is seeing its share of ups and downs in these testing times.

 

The big five of tech – Apple, Google, Amazon, Facebook, and Microsoft have collectively lost over a trillion dollars in a month. Since the outbreak originated in China, iPhone supply issues have hit Apple hard right since the beginning of the year. Apple has also shuttered all its stores outside Greater China until the end of March. As many countries are forcing its people to lockdown, Amazon’s eCommerce business has come to a standstill. Businesses like Google and Facebook, which rely on ad revenues are usually the worst hit during slow times such as these.

 

Companies centred around the gig economy such as Uber, Ola, Zomato, and Airbnb too are struggling to get customers. Uber, especially, is hit hard as it has seen its stock plunge by 64% between mid-February and mid-March.

 

It is not an entirely grim situation though. Many experts believe that several tech companies are bound to come out looking better at the end of it all. The ones who will benefit the most from this situation are companies offering video conferencing and collaboration tools. While e-commerce services had almost come to a standstill for a while, some of them are resuming service at least for the essentials.

 

Zoom Video Communications has seen its stock surge 101% since January 31st. As an increasing number of companies started asking their employees to work from home, Zoom suddenly came into focus as an indispensable tool. The video conferencing and cloud meeting app is widely being used, not just by companies, but by educational institutes as well to hold classes and webinars. Similarly, Slack, Teams by Microsoft and RingCentral too have seen a spike in its users. RingCentral, especially, has picked a rapid userbase in China.

 

Many countries have put their populations in an obligatory lockdown to curb the spread of the virus. Unsurprisingly, Netflix, YouTube, and a slew of other similar media streaming sites across the world are seeing a spike in usage.

 

Certain experts also believe that most of the companies who’ve seen some losses in the midst of the pandemic will emerge stronger by the end of it. Google’s losses in ad revenue, for example, are balanced by its cloud computing revenues, which are in unprecedented demand. The same goes for Amazon and Microsoft’s cloud computing services. Apple, which used to rely heavily on device sales until a couple of years ago, has diversified into services such as Apple TV and iCloud off late. If the data is any indicator, people are watching more TV while quarantined at home, than ever before, and that must be good news for Apple in the long run.

 

Outside the direct effect of the COVID-19 outbreak, this episode holds the potential to create a more permanent behavior change in the way people shop and consume media. Consider online shopping in India, for example. Although online shopping for books and tech accessories was always popular with a section of internet users, online grocery shopping was still in its nascent stages. With the country in complete lockdown except for essential supplies, the demand for online grocery and medicine delivery portals saw a sudden rise. Google searches for ‘online grocery delivery’ saw a 60% rise in March 2020 in India.

 

The tech industry is not isolated in this time of crisis. The impact on other domains such as finance, travel, and logistic and supplies, which are directly or indirectly intertwined with the tech industry will affect tech companies by varying degrees. The outbreak and its fallout have taught us to be more self-connected, and aware and concerned about the diversity around us.

 

As the world will return to normalcy in the coming months, it will have converted some offline shoppers into online shoppers, some club-goers to Netflix bingers, and some on-premise employees to remote workers. As of now, the Covid-19 pandemic has put the tech industry through tumultuous times. And it will be a while until a clearer picture emerges, but as humans we will be a little more evolved and a little more learned after this incident. As individual, as well as organizational attitudes, change, some companies will come out looking better than ever before. And that will be the Future of Work, the Future of Human Race.

5 Apps To Optimize Work From Home During Coronavirus – The Ultimate Guide

The world is in the middle of a crisis. The COVID-19 pandemic is spreading rapidly and the authorities and common people are doing all they can to beat the threat of a wider spread. One of the measures many companies already have, and many more increasingly are, beginning to take is to let their employees work from home.

While working from home isn’t entirely a new phenomenon, it has never been done on this scale. Many organizations have practised the remote working arrangement and are starting to figure out how to work from home, at least for the next little while.

There is a silver lining to all this though. Modern web tools allow you to go about your workday from home pretty much the same way as you do in an office. Here’s a curated list of apps that will help you be more productive and efficient while working from home.

CALENDLY

Calendly is a freemium tool that eases the stress of arranging and scheduling meetings.

Calendly lets you set your meetings and open your preferred slots for the same. You can share the link for this meeting with others. Once a requestor sets a meeting with you, the tool sends a notification to your email and places the scheduled meeting on your calendar and the requestor’s calendar.

Account is simple to set up, easy to use and generally very effective. It lets you integrate Google Drive, Office 365 and Outlook calendars to sync your schedules. Additionally, it also supports meeting tools such as Google Meet, Zoom, GoToMeeting, etc. to automate your entire scheduling process.

P.S. Calendly is supporting free integrations with video meeting tools, Zoom and GoToMeeting, up until June to help make connecting during the COVID-19 quarantine easier.

 

ZOOM

Zoom is a cloud-based web-conferencing software that lets you host meetings, webinars, lectures, etc. It brings cloud conferencing, online meeting, file sharing, and chat communication under a single umbrella.

With its ability to host 100 interactive video participants and 10,000 view-only attendees, Zoom is extremely helpful for mid-size and enterprise-level organizations. The app’s audio and video quality is top-notch, and it even supports dual-screen sharing. Furthermore, their meeting tools include remote access, screen sharing, annotation tools and file sharing.

Zoom is a freemium tool with a free basic plan that allows unlimited 1-on-1 meetings. It also has Pro, Business and Enterprise plans which support more users and carry more meeting features.

 

SLACK

Slack is a cloud-based project collaboration and team chat tool that powers many big organizations such as IBM, Vodafone, Fox Sports, Trivago, Lyft and Shopify. The free version of the tool allows you to send 10,000 messages and allows unlimited one-on-one voice and video calls.

Slack enables team members to chat one-on-one as well as a group. The app has public channels which let members across organizations converse together, while private one-on-one chats allow colleagues to chat and collaborate among themselves. Both public channels and private chat streams are supported by voice and video calls and file sharing.

From Google Drive, Outlook, Trello, Salesforce to WeTransfer, Hyde, Github’s chatbot, Slack supports nearly 150 apps.

 

TRELLO

Working from home means being based in different locations. Certain things come with working in a traditional office space such as immediate feedback, instant collaboration and real-time tracking. Trello makes it all possible even if everyone is not together in a central location.

Trello lets users arrange and assign tasks, track project progress and collaborate with their colleagues on to-do lists. The app’s easy-to-use interface, simple navigation, and drag-and-drop features make it ideal to be used as a shared tool among all members of a team.

The free version of Trello lets users create as many personal boards, cards, and lists as they want. The Business and Enterprise plans come with higher upgrades for the same.

 

PERDOO

Perdoo is an OKR (Objectives and Key Results) goal management platform for companies. The online platform lets team leaders align their employees with collective team goals.

OKR is a goal management framework popularized by Google, that helps companies implement a strategy. Perdoo lets team leaders communicate this strategy to their teams in real-time as the project progresses and align or realign employee efforts accordingly. Resultantly, executive team members also have a better overview of the project’s progress and what is expected of them.

The platform has a free starter pack that allows team leaders to add unlimited team members and create unlimited goals. There is also a premium version that generates visual graphs and custom reports on the goals’ progress.

SHEWORK.IN

SheWork is a platform that lets you hire best-in-the-industry female talent to work remotely on your projects. The platform that was devised to let women, who have taken a break to focus on family and children, continue their career, but on their own terms. SheWork lets women follow flexible work schedules to work on projects they’ve been hired for.

The platform hosts over 2000 pre-vetted profiles which go through a technical assessment test and personal interview with the technical HR. Moreover, it comes packed with tools for project management, progress tracking, scheduling, and chatting and file-sharing, which make life easier for both the talent and the hirer.

SheWork’s flexible plans make it an ideal choice for organizations of all size. If you are a start-up you can choose their start-up or pay as you go plans, larger companies with more requirements can go for the long-term plan or permanent hiring. There is something for everyone.

These are tough times and tough times call for tough measures. You may have to physically distance yourself from your work, but virtually these apps will make sure your remote workday moves along as it would even otherwise.

How Remote Work Can Solve Tech Industry’s Gender Diversity Problem

On the occasion of International Women’s Day last week, we discussed the importance of having more women in tech1. The female workforce requires a more flexible approach to work than its male counterpart. Prioritizing family and children often leads to a big break in women’s tech careers, following which they either have to return to work after a sabbatical or continue to extend their break to focus on their priorities. In the former scenario, women often have to start from scratch or compromise on salary, benefits, and place in the company hierarchy.

A study by Pew Research2 shows that 51% of women said that being a working mother was simultaneously detrimental to their career. Similarly, a University of Wisconsin Milwaukee study3 shows that one-third of the surveyed women had left their jobs again post returning from a pregnancy break “because companies weren’t flexible enough to accommodate work-life concerns.

The New Workplace

Instead of pressurizing women to choose between career and families, companies need to adapt more to the demands of the modern employee. Working environments need to be more flexible when it comes to working hours and location. Flexible work hours allow employees to strike a healthy work-life balance, thus automatically curbing attrition rates.

Remote working isn’t a benefit that can be allotted to some employees. It is how new office environments must be set-up to maximise employee productivity. Employees (especially female) must be allowed to work in a setting they feel comfortable in. It is one way of letting them know that they are important and necessary in the entire scope of things.

 

Busting The Myth

Remote working comes with a lot of unfortunate falsehoods attached to it. Remote employees are often looked upon as part-timers, slackers and even equivalent to freelancers. Even amongst the workforce, remote working is looked like something that deprives one of being a part of the in-office culture and benefits, and team meetings. This is one of the chief reasons why women have not yet fully adjusted to the idea of remote work.

Contrary to all the myths attached to it, remote work is thriving because it is showing positive results. Stanford professor Nicholas Bloom conducted a two-year-long detailed study that found that work-from-home employees showed higher productivity than their on-premise counterparts4. Additionally, employee attrition decreased by half among remote workers as they did not waste time in commuting, took shorter breaks, and had fewer sick days.

Women, especially feel more motivated to work more when they are working at their own pace. Women who work from home were also more likely to feel confident that the company understands their needs and concerns. This significantly reduces their stress levels.

 

Remote Employees, Healthy Employees

Employee health is one of the most critical but overlooked advantage of remote work situations. Employees that clock in minimal or no time in commuting for work experience comparatively lower stress levels.

Working remotely is also effective in the sense that employees who use public transport are more likely to pick-up regular flu and infections from public spaces. Women who work as well as look after a family, especially, need to look after their health more carefully. A good case in point is the current Corona Virus outbreak.

As the Corona Virus outbreak is declared a pandemic by the World Health Organization (WHO), more and more employees are choosing to work from home than being exposed to the deadly virus. Even Google has asked much of its global workforce (primarily in North America, Europe and the Middle East) to work remotely until April 10th5. It is a very effective step as avoiding contact with large groups can help curb the spread of the virus. Rather than risking employee health and having them take days off due to illness, companies prefer to let them work from home.

While the concept isn’t entirely new in North America and Europe, many companies in countries such as China, India, South Korea, UAE, and Iran are doing it for the very first time. It may be the beginning of new work culture for countries unfamiliar with the remote work culture and its advantages.

A cursory glance at the above points tells us that women working from home are bound to be more productive and effective. Every company’s leadership has a responsibility to ensure that its employees are provided with the best benefits which work directly in the organisation’s interest.

The discussion around women in tech has always centred around getting more girls to take up STEM disciplines as an academic option. The lesser-discussed aspect of the lack of women in tech is the fact that women face major hurdles if they want to continue their careers. Modern companies need to embrace remote work as a serious option to give their female workforce a common ground. It is from this common ground that women will be able to cross the hurdles, break the ceiling, and shatter the prejudices.

Our initiative SheWork.in, is a community-driven platform, that empowers women to take up remote working opportunities. The platform focuses on flexibility as a primary aspect for female talent, so they can choose the work they want to do on their terms. Our platform consists of profiles of over 2000 women who are looking for opportunities that offer flexible working conditions. If you would like to be a part of our ever-growing community of talented women, click here to register. If you are looking to hire the best talent specializing in niche technologies and domains, click here to find the perfect resource.