1. Name= Krushna Raju Bhandari
Class= SY BBA_CA
College = Sarhad College of Arts
Commerce And Science, Katraj
2. has caused many unwanted and
unprecedented changes in every
industrial sector whether it be
Automobile, Hospitality, Aviation,
Retail, or any other.
experienced only the negative
impacts of this pandemic or
lockdown situation on their
respective businesses.
3. Information Technology (IT)
tackled the current situation decently
to keep their workflow continue, but it
has been the savior of various other
businesses as well.
4. The leading companies of the sectors have
reported an average of 5-10% increase in IT
expenditures only because of the COVID-19
pandemic.
The Cloud Software and Digital Platforms
have comparatively witnessed the fastest
business expansion in 2020 when everyone
was working from home.
Despite this global crisis, the revenue of
the IT Industry was calculated at around
USD 190 Billion for 2020-21, and it is
expected to reach around USD 300-350
Billion by the year 2025.
Around 35-38% of tech organizations are
likely to improve or enhance their IT
operations and infrastructure due to the
COVID-19 outbreak.
5. using digital tools and technologies
reasons behind this positive impact of
the covid crisis or respective lockdown
situation on the IT Industry,
working remotely
LinkedIn or Instagram, Communication Apps
like Zoom or Microsoft Teams, Cloud
Software
6. And this eventually increased the
demand and usage of the internet and
technologies significantly.
let us tell you that Zoom alone experienced
year-on-year growth of around 340-345% in
the year 2020. Similarly, as per the McKinsey
& Company reports, due to the covid-19
crisis, there has been a significant shift in
technology adoption and digitization
worldwide – the digital adoption has fast-
forwarded by around 3 years
7. due to all those tools and technologies that
students all across the world are able to
continue with the learning
various tech advancements in ed-tech
like AI and ML, AR & VR, etc. are making
the learning experience better for the
students, compared to conventional
physical classroom-based education
8. platforms related to e-commerce, etc.
have also reported a never-seen-before
usage and growth during the lockdown
period
And most importantly, the recent
involvement of the IT Industry in the
healthcare domain to deal with the
coronavirus crisis is also one of the
major reasons behind the upward trend
of this particular sector in terms of
growth and demand.
9. Though…we still can’t say either that the IT
Industry has witnessed zero negative
impact
but what we can say is that this
pandemic situation has caused the tech
organizations to adopt modern
technologies that can cope up with such
pandemic situations without
discontinuing the company’s workflow
or operations. And due to this, IT
businesses are forced to undergo the
required digital transformation where,
without any doubt, will be numerous
career opportunities for individuals but
if we look at the other side, many
conventional technologies or their
respective tech jobs seem to get
outdated.
10. chatbots
end-to-end customer businesses that
can assist the customers with their
concerns or queries. Now, chances are
more that in the near future chatbots
are more likely to be used by almost
every organization to solve customers’
queries or update them with the latest
information and subsequently will
replace human executives
