Market Trends in Post Covid-19 Trades and Services

Authors

  • Hemant Chauhan

DOI:

https://doi.org/10.52783/testmagzine.v0.14620

Abstract

The rise of the digital economy as a major force in the expansion of the economy and the modernization of society is undeniable. Although digitalization enabled solutions to temporary needs like remote employment, distance learning, telemedicine, and e-commerce during the crisis, these developments have the potential to become permanent changes in the digital environment. If Europe were to catch up to the United Usa in digital or artificial intelligence technologies by 2030, the McKinsey Global Institute predicted that it would contribute €3.6 trillion to GDP. Funding (particularly for early financial investments), skills, and effective business models are the traditional digitalization entry obstacles (Offices of Science & Innovation, 2020). The COVID-19 problem has led to three major market shifts: The rapid rise of digitization in business and culture, the challenges and prospects of Industry 4.0, and the need of protecting personal data.

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Published

2019-04-30

Issue

Section

Articles