Monday, 4 May 2020

3 Future Industries That Outperformed Due To COVID-19: Part 1




We’re going through tough times and COVID-19 pandemic has really taken a toll on our daily life, but some industries that were growing at a really slow pace are experiencing exponential growth. 

Coronavirus (COVID-19) pandemic has made humans realize the necessity of technology and how it can help in difficult times. Old English proverb “Necessity is the mother of all inventions,” seems to be a perfect fit describing our current situation. We only adopt technology when we need it the most to steer us away from the after-effects of the disaster.

I think we’re really slow in adapting future technologies fast enough. We don’t realize the deadly consequences that these modern world pandemics/disasters can bring about. 
Fast adoption of modern technology can be discussed at some other point; let’s focus on three industries that are outshining others even in a recession and hold an even bright future in the times to come.

1.  Delivery Robots (Delivery/Transportation)


Companies like UPS, Amazon, and Starship should really be appreciated for their futuristic thinking. These companies not only benefited themselves financially, as demand has sky-rocketed but also contributed to helping local communities as a whole during these difficult times.

Coronavirus (COVID-19) has entered this world in the time of growth in automation and artificially intelligent robots. The virus that belittled humanity did not know that it cannot infect robots and life can go on with negligible human interaction. Thanks to the robots that are serving in hospitals, delivering medicine and groceries to our doorsteps on a click of a button.

Amazon was the first one to announce a delivery-by-drone concept and named it “Prime Air” back in 2013. Although Amazon’s Prime Air is yet to secure an official contract by FAA (Federal Aviation Authority) to fly drones, UPS, on the other hand, was able to get a license for delivery-by-drone. Initially, UPS is delivering medicines in some areas in the US, but it’s not far that UPS would be delivering most of the US in the coming future.
The other company that I’m really excited about is Starship Technologies. As of March 2020 Starship (autonomous self-driving delivery robot by Starship Technologies) has delivered thousands of medicines and grocery items in the town of Milton Keynes. Starship Technologies executive Ryan Touhy told Ars, “We saw that business double overnight” as a result of the region’s coronavirus lockdown.” 

(Source: https://arstechnica.com/tech-policy/2020/04/the-pandemic-is-bringing-us-closer-to-our-robot-takeout-future/). 


Due to the COVID-19 pandemic, Starship Technologies has announced free delivery of medicines to NHS doctors for a limited time, normally, it charges $1.99 and the parcel is delivered within 30 mins in a 6km radius.

 (Source: https://en.wikipedia.org/wiki/Starship_Technologies)

Concluding, I think that governments around the world should act fast enough so that societies as a whole could benefit from these great future technologies especially in troubling times such as pandemics and disasters.


2. Online Education/eLearning

Before going deep into what’s the future of online education/eLearning or why there’s exponential growth in online education, let's analyze some data to prove the importance of online education and how it can grow exponentially in coming times for a better, brighter future.

Due to COVID-19, almost 1.2 billion children around the world are not able to attend their regular classrooms. Obviously, these children cannot be left uneducated and that’s where the technology comes in. With the help of video conferencing apps Zoom, Teamviewer, WhatsApp, and Skype, out of school children are able to mark their attendance in virtual classrooms.

“Research suggests that online learning has been shown to increase retention of information, and take less time, meaning the changes coronavirus have caused might be here to stay.” 

(Source: https://www.weforum.org/agenda/2020/04/coronavirus-education-global-covid19-online-digital-learning/)

The above quote was taken from an excellent piece that was published on weforum.org on the 29th of April 2020. I would suggest my readers have a look at this article as it really shows the importance of digital learning in the future.

The digital education/eLearning market worldwide is projected to surpass $243 Billion by 2022 and $350 Billion by 2025.

Digital education is energy efficient, which further strengthens our point of accelerated growth in eLearning. How? Well, currently, education, traditionally, is centralized, students have to go to school premises and then to their respective classrooms, whereas, digital education is decentralized.

In virtual school/classrooms children are able to learn from the comfort of their own home. Less school infrastructure (building, air-conditioning/heating, etc.) and less transportation to the school facility equals lesser fossil fuel burning/CO2 emissions and all that will eventually lead to almost zero cost schooling. Almost zero cost schooling means a higher literacy rate worldwide.


3. Ecommerce (online superstores)





In times of pandemic, traditional businesses usually pay a hefty price due to low demand and ongoing expenses like rent and salaries, but some e-commerce giants that were already growing rapidly are seeing exponential growth in sales and revenues thus creating jobs and contributing to overall GDP.

Even when there's massive unemployment during lockdowns, there is some light at the end of the tunnel, there are companies like Amazon, Tesco, JD.com, and Ocado that are actually investing to create jobs and keep the economy afloat.

Amazon, for example, has started hiring. Amazon will invest approximately $700 million in terms of pay-raise and will create 1,00,000 new job slots to fulfill a sudden boom in online shopping due to the coronavirus lockdowns. 

Ocado, a British online supermarket, is not accepting new orders until it clears backlog of deliveries from previous orders. Ocado just recently announced the opening of its first fully robotic automated warehouse in North America.

JD.com, a Chinese e-commerce giant has started delivery of grocery and medicines by drones and autonomous vehicles as demand for contact-less delivery has sky-rocketed.

Conclusion

I think it’s time for all of us to realize the benefits of modern technology. Looking at autonomous vehicles, robots, and delivery drones, helping mankind during pandemic, it seems that our future is fast-forwarded.

No comments:

Post a comment

These 3 Incurable Diseases Will Have A Cure In 2020s

Some diseases which are being cured today were once major threats to lives around the world. However, with some series of research, studies,...