Opportunities For Technological Disruption In Times Of Crisis
By MYBRANDBOOK
Covid-19 has posed major challenges for governments and businesses across the globe and technology is playing a major role in combating the crisis. Indian industry’s actions will be the key to revival as it explores new opportunities.
I think businesses are looking at driving innovation in their products and services because that's undergoing a change. The needs of the end customers have also shifted. We have seen customers opening up to the technology.
Nearly 70 percent of business-to-business startups cite client payment delays as a major issue, with retail and fintech start-ups most impacted. 7 in 10 B2B startups are also reducing their marketing spend significantly. At the same time, Business-to-consumer start-ups in the delivery space are facing immense manpower crunch, 9 in 10 travel and transport start-ups have been impacted by the global pandemic while 8 in 10 agri and fintech startups are facing a “significant funding crunch”. Majority of startups expect the impact from Covid-19 to last upto 12 months, according to the NASSCOM.
COVID-19 has brought many businesses to a screeching halt across the country, people are looking for alternatives to in-person services. Healthcare is no exception. Patients looking for routine treatments are avoiding hospital visits, pushing medical professionals to adopt telemedicine. This means patients can connect to healthcare providers via virtual visits -- and maybe the end of waiting rooms forever.
As projected, there will be over billions of tele-health visits by the end of 2020. And now that insurers are willing to fully reimburse claims from tele-health visits, the industry is set to take off. Startups, as always, are helping pave the way.
The competitions among the start-ups also increases, yes some will definately survive, who could offer same-day appointments with a network of physicians bring newer opportunities. Many are coming up with much more disruptive ideas including, to offer healthcare practitioners a free, HIPAA-compliant video platform to virtually connect with their patients. Doctor on Demand takes telemedicine a step further, allowing patients to make virtual appointments with their own practitioners on the platform. These changes were driven by doctors, insurers, and the government. Telemedicine is being driven by patients looking for better, faster, and safer options for their care.
Google promotes Sanjay Gupta as APAC President
Sanjay Gupta, who is the present Country Manager - India for Google has be...
Supreme Court verdicts against NEET Re-Examination
The Supreme Court declared that there will be no retest for the NEET-UG e...
Government brings in three employment-linked incentive program
The Finance Minister unveiled three new incentive programs in the Union ...
Amazon may soon launch new AI-powered Alexa
Amazon has been previewing an all-new Alexa which will be based on a new l...
Icons Of India : Daisy Chittilapilly
Daisy Chittilapilly is the President of Cisco’s India and SAARC regi...
Icons Of India : PRATIVA MOHAPATRA
Prativa is a transformational leader with an incredible breadth of exp...
ICONS OF INDIA : SANDIP PATEL
Sandip Patel is the Managing Director for IBM India & South Asia regio...
IREDA - Indian Renewable Energy Development Agency Limited
IREDA is a specialized financial institution in India that facilitates...
BSE - Bombay Stock Exchange
The Bombay Stock Exchange (BSE) is one of India’s largest and oldest...
RailTel Corporation of India Limited
RailTel is a leading telecommunications infrastructure provider in Ind...
Indian Tech Talent Excelling The Tech World - Sanjay Mehrotra, CEO- Micron Technology
Sanjay Mehrotra, the President and CEO of Micron Technology, is at the...
Indian Tech Talent Excelling The Tech World - REVATHI ADVAITHI, CEO- Flex
Revathi Advaithi, the CEO of Flex, is a dynamic leader driving growth ...
Indian Tech Talent Excelling The Tech World - JAY CHAUDHRY, CEO – Zscaler
Jay Chaudhry, an Indian-American technology entrepreneur, is the CEO a...