How Big Tech Will Emerge From Remote Work Due To Coronavirus Catastrophe
While most economic activities are tanking due to the rising impact of the coronavirus epidemic, business at the largest technology organizations is holding firm- and even prospering. With employees asked to work from home and keep distance from others, the epidemic has deepened dependence on services offered by the firm’s biggest organizations while fueling trends that are already promoting them. For instance, Amazon is hiring aggressively to meet increasing customer demand. Traffic has risen on YouTube and Facebook. Also, cloud computing has become critical to individuals working from home. As mobile work continues to rise, we should see a shift in the way businesses operate.
Amazon is hiring one hundred thousand warehouse employees to meet the increasing demand. Facebook’s chief executive, Mark Zuckerberg, said traffic for messaging and video calling had dramatically increased. The number of people using Microsoft’s software for online collaboration had risen by almost 40% in seven days.
Amazon has been relying on brick-and-mortar retailers for many years, but customers now reluctant to walk to the store are turning to the great e-commerce for a wider variety of items, such as over-the-counter drugs and groceries.
Steaming organizations such as Netflix have dampened office sales for films in the past years. Currently, all movie theatres have closed following the government orders hence resulting in a new audience on YouTube and Netflix.
Change in the Workplace
Organizations are now abandoning their data centers to hire computing from Google, Amazon, and Microsoft. That shift will possibly speed up since millions of workers are advised to work from home, straining business technology infrastructures.
Apple Inc. once seemed to be among American organizations most at risk from the epidemic because they depended on Chinese factories and customers, which seems to be on a better footing. Several Apple factories are practically back to normal, individuals are spending much of their money and time on their digital services, and it even released new gadgets on Wednesday.
The biggest technology companies may emerge stronger than ever before. That is not to indicate major technology organizations should not be worried. Advertising, the lifeblood of Facebook and Google, tend to suffer during economic downturns. The stocks of Microsoft, Facebook, Amazon and Google’s parent organization, Alphabet, have collectively lost approximately $1 trillion in market value from a month ago, while United States stocks merchandised at record highs. And Apple and Microsoft have cut their temporary financial prediction due to the slowing customer spending.