While planning to prevent any further spread and taking that as a primary concern, the consequential tragedy would haunt us long after eradicating it. There won’t be anything usual or restructured, it will be a new normal for us. We are staring at behavioral changes in the corporate as well as the startup sector. Large scale break in several verticals of businesses and a high level of unemployment across the globe.
To state the loss of human lives is just the tip of the iceberg, what remains are the uncertain ashes of the present-day scenario. Most destructing consequences would be felt within the startup and MSME ecosystems. These rely upon a constant flow of capital and investments, which due to the pandemic have come to a complete standstill.
As most of the startup leaders and entrepreneurs are looking for exit strategies to contain losses, some of us have given up to the menace already. Aspiring employees, projects and ideas which were to bloom into reality may take ages to substantiate any further. Times are rough and only the tougher ones would survive.
Looking from a vantage point at all this, there are multiple industries seem to be benefiting from all this as well. For this isn’t an economy driven meltdown, it’s a calamity that did not devastate the infrastructure at hand, it has just brought it all to a standstill. Among all this, few sectors seem to be making the most of these recent turn of events. While for some are in the battle for survival, Janaspandana have seized this opportunity to make fortunes of this state.
As per the new norms directed by the governmental bodies, there’s a huge behavioral change perceivable among the consumers. From shopping online to social distancing and less-likely a will to travel to congested-high density places, but that might not be as bad as we presume it will be.
For some of these sectors, the new normal would bring in newfound opportunities. A whole new market that was untouched before is now up for grabs.
Let’s take a look at the sectors which has been an advantage for our business throughout this pandemic.
Online education, tutoring, web courses, etc. have come up to be the need of the hour when schools and educational institutions are not functioning. In a Unique way, the online education sector is observing a sudden rush and people from all walks of life, from every of the COVID-19 affected nations, are looking up to alternatives of conventional teaching and learning.
People are afraid to send their kids and children to places where social distancing cannot be practiced and hence the Ed-tech sector is tapping on every possible entity they can. Also, which is convenient, holistic and more sustainable for the time until we have a permanent cure for COVID-19 pandemic.
Our Ed-tech Projects:
- IAE Hub (Indian Vedic School)
- E-COMMERCE & DELIVERY BASED SERVICES
With national lockdown imposed in various countries, social distancing being practiced as the new normal for upcoming months if not years, and people refraining from gathering up at markets, grocery stores and public places, the E-commerce & Delivery based sectors are booming at large. These offer a safe and distanced way to procure essential and non-essential commodities, which is advised as precautionary measures for COVID-19, the industry is to see a spike in customer-retail operations.
Given the advent of the technological revolution and interface management systems, this industry was already on a growth trajectory. But the recent turn of events just catalyzed the entire game to unprecedented levels. People who refrained from using online ordered utilities; services and commodities are now adapting to procure for their daily needs.
- Point of Sale & kitchen order display system for Drunken Monkey.
OTT PLATFORMS & ONLINE GAMING
Over the top media and online gaming has surfaced above the conventional ways of entertainment. With bans and restrictions on movie theatres, gaming hubs and other recreational-amusement installations, these OTT platforms and the online gaming world had to fill in the gaps.
Soon enough, those who were not accustomed to these would be habitual and the need for heading out to garner some entertainment would be replaced by these. These have proven to be time & cost-efficient, provide a more personalized version of the same experience and one can experience these at the comfort of home.
Conclusively, the future is exposed for the most of us. Economies are uncertain for growth, widespread unemployment looms over us for the upcoming quarters, but not for the sectors and industries stated above. These would continue to shine.
Janaspandana is an innovative product development company, who can help you to transform that long-awaited vision into a possible reality.
Stay connected, You can connect with us by dropping an email to firstname.lastname@example.org