COVID-19 REVEALING THE FUTURE: HOW PREPARED ARE WE?

COVID-19 REVEALING THE FUTURE: HOW PREPARED ARE WE? – PART II

COVID-19 resulted in some dramatic cost saving changes. One of the most obvious is the way conferences were organized and will likely be organized going forward. Though a number of international many conferences were cancelled and events were called off before of COVID-19, many others held. In addition, the number of seminars, training, meetings, teachings that now goes on online is unprecedented. This will removed some stress from planning and organizing meetings and conferences

The large migration to online services has implications for subscription for data services: participants will opt for data networks that can best support their need in terms of speed, availability and cost.

The Zoom, a Chinese company founded in 2011, allows its users to host a group meeting with a maximum of 100 participants for 40 minutes free. Now with $15 per month, you can host a meeting with 400 participants. During the current covid19 epidemic, the company grew its active users from less than 5 million in January 2020 to 26.9 million in March 2020: an addition of more than 23 million users in two months.

The stay-at-home directive by the governments of nations is needed. The stay-at- home has two implications: you either stay-at-home or do nothing since your business is lockdown (not modifiable) or you Stay-at-home and work from home (modifiable business). A significant number of people are indoors doing businesses by modifying what they had been doing or acquiring new skills and taking on new businesses. Those not responding and changing with the times are likely among the majority brawling for a lift in the national directives.

It is critical for all business owners to think about alternatives for service delivery.

It is also important for customers to think of viable alternatives for receiving goods and services.

A few of the questions to be asked: Do you need to meet your customers physically for services to be delivered or transactions to be completed? Do you need to be hold physical meetings? Must students be present in class to receive lectures?

Thinking about the future: there is the need to make changes. Proactive thinking will enable businesses to take advantage of the new ways of life that will evolve post the COVID-19 pandemic. …………(See part lll)

Dr. Bright Oniovokukor

Project Director

Indomitable Youths Organization (IYO)

iyoedo@gmail.com

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