iot health

IoT Evolution Health News

IoT Evolution Health Home

COVID-19 Forces Companies to Rethink Technological Investment

By Ken Briodagh
March 18, 2020

The Coronovirus outbreak and the worldwide reaction to the pandemic will force companies to radically rethink how they operate and embrace technological investment, according to a recent report from tech market advisory firm ABI Research.

In its new white paper, Taking Stock of COVID-19: The Short- and Long-Term Ramifications on Technology and End Markets, ABI Research Analysts reportedly look at the current and future ramifications of COVID-19 across technologies and verticals. Analysts also offer recommendations to weather the storm and strategies to help companies rebound and prosper after the pandemic has slowed.

“To effect change, there must be a stimulation of a magnitude that means companies cannot do anything but make bold decisions to survive. COVID-19 is that magnitude,” said Stuart Carlaw, Chief Research Officer, ABI Research.

Bold decisions and technological investments could lead to outcomes such as:

  • A more concerted and widespread move to lights-out manufacturing
  • Increased usage of autonomous materials handling and goods vehicles
  • A more integrated, diverse, and coordinated supply chain
  • Investment in smart cities to support community resilience
  • A move to virtual workspaces and practices

“Before we feel this potential long-term impact, there will be some serious short-term implications. Contractions in consumer spending, disruptions to supply chains, and reduced availability of components will create a rough sea for all boats,” Carlaw said. “In the short-term, there will be a retrenchment in outlooks a reduced investment in modernization, as survival instincts trump the drive to prosperity.”

For a clearer picture of the short- and long-term global impacts of COVID-19, download the whitepaper Taking Stock of COVID-19: The Short- and Long-Term Ramifications on Technology and End Markets.


Ken Briodagh is a storyteller, writer and editor with about two decades of experience under his belt. He is in love with technology and if he had his druthers would beta test everything from shoe phones to flying cars.

Edited by Ken Briodagh

Editorial Director

SHARE THIS ARTICLE
Related Articles

Vitalacy Sends Hand Hygiene Alerts through Sensor

By: Greg Tavarez    9/8/2022

Vitalacy released the Gen4 SmartSensor, designed to capture hand hygiene compliance data and provide real-time reminders to perform hand hygiene durin…

Read More

5G Enabling Healthcare Digital Transformation

By: Greg Tavarez    8/26/2022

The global 5G in healthcare market size is expected to reach $454.7 billion by 2030.

Read More

Tracking, Securing, and Optimizing Securing Valuable Healthcare Assets, Through the Supply Chain

By: Arti Loftus    10/25/2021

Blending hardware, software, sensors, and blockchain, the Industry IoT Consortium (IIC) last week announced a new test-drive project, the "Valuable As…

Read More

Aging in Place the Simple, Modern Way

By: Arti Loftus    4/5/2021

At the intersection of a higher number of aging adults, and longer life expectancy, innovation in connected, remote care is flourishing, and among the…

Read More

Vaccine Monitoring and Storage Requirements Met with New Sub-Zero Temperature Sensor

By: Arti Loftus    3/4/2021

With the end to the pandemic finally in sight, vaccine rollout has commenced nationwide, with people beginning to receive vaccination throughout the c…

Read More