“AI, robotics & precision medicine to drive biz post-COVID,” Mark Cuban, Owner, Dallas Mavericks.
COVID has marked a revolutionary effect on all the parameters of life and the estimates summed up determines the potential need to figuring out to be normal. Remarking on the populace and its hardcore day to day requirement it’s hard to fill in the supply chain gaps following the lockdown and arresting the spread of the pandemic. It’s now the age for a hybrid of the digital and the physical world evolving better opportunities.
Owing to lead the normal life again post COVID pandemic, technologies are going to streak in ways more than exalted. Technologies over the ages had served very eminent role under the fast-track of demand and supply time frame, imprinting from rocket science to simple door handle.
Here are 5 technological trends to witness post-COVID.
- E-commerce and Robot Deliveries: E-commerce is the must-have of the modern era. According to a survey by KPMG 82 % of people are willing to buy only from good brands that stick to supply chain hygiene and follow precautionary methods.
- Digital and Contactless Payments – Online payments had their first debut in the 1990s. The Stanford Federal Credit Union was the first institution to offer online banking services to customers in 1994. It is estimated that the global digital payments market will hit $6.7 trillion worth of transactions by 2023, and $13.25 trillion by 2025 according to data from Statista and LearnBonds.com. Transactions in 2019 totaled more than $4.1 trillion, with mobile point-of-sale payments making up 18% of this figure i.e. $745 billion.
- Robots and drones – The Unimate was the first programmable, commercial & digital robot was built by George Devol in 1954, bought by General Motors in 1961 where it was used to lift pieces of hot metal from die casting machines. The global market for robots is expected to grow at a CAGR of ~26 % to reach just under $210 billion by 2025.
- Telehealth – It is the aspect of providing health-related services and information via electronic information or telecommunications. The telemedicine market has grown significantly in recent years. As of 2019, the telemedicine global market was valued at $ 45 billion and is expected to grow significantly by 2026 valued at more than $ 175 billion.
- Virtual gyms & Wellness centres – Virtual healthcare solutions are being the new trend of millennials and also has seen a significant increase amid lockdown.
Pre-COVID is gone, it is behind us now. Post-COVID is yet to be determined and invented and that seeks a major opportunity to the bot manufacturing companies. The post-COVID season sees a surge in robot demand, these come in to picture after the government has given guidelines on minimal touch amid COVID.
Invento Robotics (https://mitrarobot.com) has taken a step forward in using the opportunity of minimal touch by marking humanoids. The successful operation of humanoids especially at receptions had the aspect on the go, which ensure more than the handing of sanitizers. They are coded to have the best engagement with visitors for information checks, booking appointments, thermal imagining, and a lot more. Balaji Viswanathan, CEO, Invento Robotics, says The Mitra and Mitri (humanoids) will have more advanced features like portable ECG and stethoscope for which it is partnering with Helianthus.
The worldwide market for industrial robots was $41 billion which is expected to grow approximately to $73 billion by 2023. The non-industrial robots, such as personal assistant robots, customer service robots, autonomous vehicles, and unmanned aerial vehicles (UAVs) are expected to be at $230 billion by 2025.
It’s debatable how well the robots are coded and programmed and the concern of unemployment done while skill workforce development, but even then it comes with risks that are to be managed and to be taken care of.
