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




The COVID-19 pandemic is asking us all to think and do things differently. Lets take a look at some examples of businesses that modified their businesses before the pandemic and how their pro-activeness must have paid off during this pandemic.
a.      Banks created alternative means of doing business hence majority of their customers are not complaining but those yet to adopt it have issues.
b.      Schools are closed down but many students are learning virtually from home using Google classroom tools.
c.       In the last couple of years people have gone shopping online with the likes of Jumia, Ali Baba, Konga.
d.      Amazon, EBay and the likes save on renting office spaces and avoiding paying tax in most countries where they operate.
e.      Opay Bikes in users in Lagos tell you how easy to utilize them.
f.        There are mobile applications available to you to enable you access lots of information, and People order all they need from the market from the market from the comfort of your home.
g.      ehealth programs are facilitating health access virtually and this is the future direction for ambulatory health care management.
h.       
The internet and social media has opened up lots of opportunities and so is the evolving world of use of artificial Intelligence: artificial Intelligence is rapidly changing the world of service delivery with a likelihood that more human dependent manual work will reduce.

Reflect on your business and ask yourself the following questions;
-          What is currently happening to your business?
-          How has the shut-down affected your business?
-          How will the extension of the lockdown affect what you do?
-          Is it likely your customers have adopted alternative means of doing business?
-          Do you think if your employer will still engage your services when business benefit (profit) analysis is conducted?
-          Do you have the basic skills to adapt to these emerging technologies?  

You should be pondering on the ease of doing business during this lockdown. The upcoming expanded access to 5G will make it possible to do a lot more things virtually, more effectively and cheaper. Learn about the 5G and the opportunities it can afford you. Think pro-actively. Think about your value.

I guess none of us has thrown away our smart phone because we have a friend that does not have one but rather, we have encourage them to upgrade or continued to be left behind. So upgrade, be ready for the future and also note that though there would be opening for frauds, it should not limit the opportunities you can explore.


Finally, we can think of the following:

Why is WhatsApp free for now?
Why is Facebook free for now?
Why is Instagram free for now?
Why is YouTube free for now?
How does Google make their money?
Why are they all linking themselves?

Considering our getting used to them and almost already addicted to them and we are now asked to pay for the services, what do you think would happen? They are actually business platforms that do more than catch fun; think of the business in it to enable you pay the bill when the need arises. There are so many chances in the future but only the prepared mind would be favoured.


Dr. Bright Oniovokukor
Project Director
Indomitable Youths Organization (IYO)
iyoedo@gmail.com

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