One of the most commonly used acronyms in the world of education is IT; still very few actually know what this field is all about. In a layman’s word, this is a study which covers the use of computer systems. Perhaps that is why IT has become a synonym of computers for a common man. However, IT has many more things to offer and is not just confined to the boundaries of the computer system and is used to study the use of varied systems, such as telecommunications. According to Oxford Advanced Learner’s dictionary, Information Technology is “the study or use of electronic equipment, especially computers, for storing, accessing, analysing and sending information”. This means that the students choosing this field have to deal with many things like the infrastructure, development, storage, processing, and networking of devices apart from exchanging various forms of electronic data and its security. In fact, security to the future of IT.
Some of the most popular and mind-boggling ideas which are running on the wheels of IT are:
- Social media networking
- Patient portals
- Digital marketing
- Mobile Applications
- Website Applications
- Online shopping Portals
- Internet Banking
5 sectors that are booming during the Covid-19 pandemic
The current Covid-19 pandemic has disrupted the world in unimaginable ways. From businesses to lifestyles and livelihoods, the outbreak has upended our lives overnight. For businesses across verticals, this has led to an unprecedented downfall in revenues and operations with extended lockdowns in several countries. Some industries such as travel and aviation, retail, and hospitality have taken the worst hit due to lockdowns, travel restrictions, and a significant slump in consumer spending. However, even amidst this economic crisis, some of the niche sectors have not only managed to stay afloat but also witness trend-defying growth. Capitalising on the new normal, these sectors have recorded an increase in their revenues and customer base. Let us, then, look at the top 5 niche sectors that are enjoying a booming business despite the economic fall.
Ed-tech: Since the onset of the pandemic and the subsequent lockdowns, the ed-tech industry has seen a considerable upsurge in users. With schools and colleges shut, ed-tech has been the savior for teachers, students, and parents as well. Innovative and interactive teaching methods such as live classes, on-the-spot doubt clearance, and practice papers are offering a fulfilling learning experience for students. Not just students, the demand for skill-based and knowledge-based online courses has also soared among salaried professionals. This rise in demand for both students and professionals is undoubtedly accelerating the growth of ed-tech.
Online gaming: With people being forced to remain indoors and maintain social distancing from others, they need to keep themselves occupied. Online gaming has come to their rescue. The pandemic has offered a boost to the gaming industry. With innumerable options to choose from and several new trends such as the rise of AR and VR, gaming is now all about the experience, and players in the industry are determined to offer a highly immersive and captivating experience.
Agri-tech: Home to over 1.3 billion people, over 50% of India’s population is involved in the agricultural sector. One of the reasons agriculture is still taking precedence even during the global crisis is that food can never go out of business it’s a fundamental aspect of our survival! However, agriculture cannot power through the pandemic and the future on its own and needs cutting-edge technology. The Covid-19 crisis has paved the way for large-scale digitization in this sector and agri-tech has steadily been gaining traction, as a result. With traditional marketing channels disrupted, farmers are now accessing digital mandis to directly connect with wholesale buyers and sell their produce from the safety and comfort of their homes. Even online grocers have turned to the digital mandis to get seamless access to fresh produce. Considering that the availability of food, or the lack thereof, will definitely impact mankind, agri-tech is one of the industries which will thrive.
Med-tech: As we see healthcare systems across the globe stretched worryingly thin, the role of med-tech in cushioning the impact cannot be stressed enough. From infra-red thermometers to lifesaving ventilators, med-tech has aided the medicine industry at every step. Other than that, the influx of cloud-based storage solutions has helped doctors, researchers and healthcare institutes to manage the overwhelming amount of paperwork and documentation in recent times. Telemedicine is another area of med-tech that has emerged as a savior of patients, enabling them to consult with doctors virtually. This has been particularly helpful for people from remote areas and tier-II and tier-III cities. Taking into account the mayhem induced by the pandemic, it is no surprise that the med-tech industry has observed a surge in business.
Online media: Spending over 90% of their time indoors, people are constantly looking for quality content to consume. In today’s digital world, online content is the king. The pandemic has paved the way for the online media and entertainment industry to achieve inexplicable growth. OTT platforms such as Netflix, Amazon Prime, and Hotstar are seeing a significant rise in the percentage of viewers. With movie theatres and other avenues of entertainment such as concerts being temporarily banned, even stars from the entertainment industry have taken to online platforms. Without a shadow of a doubt, these industries are the ones who are making the most out of the pandemic with almost the entire world’s population turning to them. Their heightened demand signifies that they are prospering and the road ahead for these sectors is promising. Their heightened demand signifies that they are prospering and the road ahead for these sectors is promising. So from this we came to know that IT has never stopped even in the covid situation. We have been hearing in news every day that there has been a pandemic impact on IT industries. So there is constant growth going on in any market, there is no fun in it, there should be a stop above so that gives us courage. If someone falls as low as he can but has clear goals and vision, he will go higher and get success. So Similar Situations of IT Industries also, we all know that the future is going to be in IT from every side.