The tech industry has come under increasing pressure to adapt rapidly to the changing world, as the coronavirus pandemic drives almost all interactions online and changes consumer behavior.
Fascism has changed how we interact, work, shop, mix, and move. It also introduced new industry challenges and inverted business models that were stable.
We asked 36 tech executives how to change the coronavirus for their companies, industries and the world. What has changed? What then? Here is what they said.
This feature is part of a series based on conversations with over 200 executives on how to turn a business over Corona virus. To read more, click here.
Helping the world adjust to the effects of the epidemic is likely to be largely influenced by the technology industry.
Whether in communication tracking efforts, workplace collaboration tools that allow more people to work from home, or delivery and e-commerce services that transport retail and food services over the Internet, technology companies ’actions at this moment will determine the state of the new normal, whatever That was possible.
Well-established industries like travel and events, information security and consumer technology have rapidly transformed. Companies in these spaces have had to adapt to an increasingly local and digital way of life.
In order to know how the epidemic would change the world, we talked to the people who used to anticipate and make the future: technology CEOs and CEOs.
"The future that we imagined for 2030 has been pushed forward so far," Tobias Lutke, CEO of Shopify, told Business Insider.
Delivery services such as DoorDash have dominated the future of the food industry. Zoom calls captured the conference, the happy hour, the classroom, and the wedding. The robots built by Boston Dynamics were used to scan patients for coronavirus in hospitals and to encourage social distancing in Singapore.
But companies like Airbnb and Match Group's Tinder faced new challenges as they had to adapt to transformational shifts in travel and social interaction. Subscription and e-commerce services had to face a major change in consumer habits and the supply chain. Cyber security companies had to learn how to protect employees from being targeted by hackers now because they work from home.
We asked 36 technology executives and executives three questions: How will the crisis change your company, industry and the world?
In response, they shared their expectations about the future of industry events, the opportunities for new business to emerge, and whether or not telework will become the new standard. Many also face seeing growth opportunities for their businesses as the economy suffers from what many believe is the worst crisis since the Great Depression. While the technology industry has survived some cases of mass layoffs, there are still job cuts, vacations, and struggling to adapt business models to the new reality.
This is what these leaders said.
The following interviews were conducted by Rosalie Chan, Lisa Edececo, Jeff Elder, Ben Gilbert, Big Lyskin, Jennifer Ortakales, Ben Pimentel, Barty Scott, Troy Walverton and Pyle Zafire. Edited for clarity and height.
