Covid affecting IT industry

COVID AFFECTING IT INDUSTRIES

         The word “COVID-19”, widely used all over the world today; refers to a pandemic named corona virus which was caused by the virus SARS-CoV-2 . ‘WHO’ first noticed a cluster of unknown case, in the city of Wuhan and it gradually spread all over the world. Basically this was a brief introduction of COVID for my readers. A massive population all over the world got affected adversely by this pandemic. And as a result people now in every regions of world have created a negative figure of covid-19 in their minds. It is true that it had a very fatalistic effect on people, many companies, industries as well as economy of many countries.

       Well, now i am going to talk about the different aspects by which the IT industries got affected by this pandemic. Although we have a negative mindset about it, we have some positive impacts on IT industries too. So, i would like to talk about it in a ‘to the point’ manner. COVID abruptly resulted in lockdown in major parts of the countries. Primarily, due to this covid, the world has shifted majorly and has completely relied on online systems for everything even if it is their personal work; which in return proved quite beneficial to the IT sectors : An online education system ,online business conferences ,different kinds of meetings all over the country- whether it be a school student or the college ones! .So, it increased the internet consumption which directly or indirectly benefited the IT companies. This also resulted in the growth of business of social media platforms on a large scale. Online video streaming going on all over the world , (instead of theatres) helped in increasing the economic status of the IT sectors; while decreasing the business of theatres. Due to lockdown, i.e social distancing, online payment modes for money transfers, bank transfers, etc increased swiftly and hence enhancing the economy of IT sectors. 

But there are major drawbacks of covid more than its benefits : Many marketing apps like AMAZON ,FLIPKART, etc  faced a radical falldown in its economy. Many companies could not even hire new employees due to lockdown(social distancing), making a huge negative impact on profits of IT companies. It adversely affected the efficiency of the companies by consuming more time in its works. Moreover working hours got affected and many outdoor official works could not even be carried out. They suffered a  loss in their financial year as it caused an extensive substancial crisis regarding the demand supply, affecting  raw materials supply, disrupting the electronics value chain, and causing an inflationary risk on products.

AT the end i would just request my readers to follow the Government and clinical instructions strictly in order to make our India covid-free!