The COVID-19 pandemic significantly impacted the tech industry in several ways: 1. Many major tech conferences were canceled, resulting in an estimated $1 billion loss and reduced partnership and expansion opportunities for companies. 2. Increased reliance on remote work and interactions highlighted the need for 5G technology, potentially accelerating its adoption. 3. Demand surged for enterprise teleconferencing tools as employees switched to remote work, with the IT industry expected to grow from $131 billion to $295 billion by 2025. 4. Tech platforms worked to fight the spread of misinformation online by promoting credible information and demoting unverified claims.

1. HOW
COVID-19
AFFECTED THE
TECH INDUSTRY
TRENDS
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2. A lot of tech conferences got canceled, which
could have been a great partnership opportunity
for many companies to expand their horizons.
A few of the meetings were shifted to
teleconferences, but this won’t have the same
reach.
Due to the cancelation of these major tech
conferences, there is an estimated loss of US$ 1
Billion.
1. TECH CONFERENCES canceled

3. The growing need for remote interactions amid
the coronavirus pandemic has highlighted a need
for 5G technology, potentially accelerating
adoption in the long term.
5G's lightning-fast speeds, near-instantaneous
communications, and increased connection
density make it primed for remote interactions.
2. 5g technology

4. The IT industry is expected to have an enormous
market boom from US$ 131 Billion in 2020 to
US$ 295 in the next five years by 2025.
The main reason is that many employers have
increased their reliance on enterprise
teleconferencing tools — such as Microsoft
Teams, Google Hangouts, and Zoom — as their
employees switch to remote work.
3. teleconferencing

5. The tech platforms work to fight misinformation
falls into three main categories: promoting good
information, demoting bad information, and
keeping misinformation from appearing in the
first place.
While not all misinformation can be stopped,
platforms are doing much more to stem the flow
of bad information, ultimately contributing to a
more informed and confident public.
4. online misinformation

6. This pandemic could highlight possible use cases
for virtual reality (VR) in enterprises, boosting the
technology's uptake.
Almost half (49%) of business respondents are
looking to use VR and other extended reality
tools to mirror real-world training conditions,
according to a Perkins Coie survey.
5. Virtual reality

7. Cities around the world have utilized smart city
technology in attempts to mitigate the impact of
COVID-19.
Most smart city solutions are intended to support
the day-to-day operations of a city.
Business Insider Intelligence estimates that smart
city investment will reach $295 billion by 2025,
up from $131 billion in 2020.
6. smart city solutions

8. Due to the surge of patients, both the clinical
operations of healthcare systems as well as the
business and administrative divisions have been
overwhelmingly taxed.
Technology like Blockchain is used to speed up
claims processing and reduce the amount of face-
to-face interaction between hospital staff and
patients.
7. telehealth

9. Robots deliver supplies and food in a sterilized
way.
To reduce the amount of human-to-human
contact, robots are being deployed to complete
tasks like delivering food and medicine, cleaning
and sterilizing.
8. delivery made by robots

10. Drone delivery is proving to be one of the fastest
and safest ways to get medical supplies.
In addition to these transport benefits, drones can
be used for thermal imaging, to patrol public
spaces, and to track non-compliance with
quarantine/curfew mandates.
9. Drone delivery

11. From now on, Artificial Intelligence will be able to
identify, track, and forecast outbreaks.
One of the capabilities of AI is its ability to learn.
That's the reason why it will be able to detect an
outbreak by analyzing government documents,
news reports and social media platforms.
10. ARTIFICIAL INTELLIGENCE

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