Every recession leads to the slowdown of the economy and presents significant challenges to humans & industries, so did the outbreak of COVID-19. It is also evident that every recession brings an era of opportunities in terms of new businesses and jobs. COVID-19 will also bring unprecedented changes in the working style of various industries and change consumer behavior. Current estimation predicts that more than 100 million jobs are at risk. We will be facing the employment crisis acutely over the next six months to one year. 

The crisis after COVID-19 can lead to the adoption of new technologies and business models. There are already many companies which are known for producing auto vehicles or delivering food but are producing ventilators, sanitizers, and have indulged in the supply of other essential items etc. 

Similarly, the possibility of mass infections continues to prevail, especially when we turn back to school and college education. Therefore, new ways of E-learning with better E-delivery practices shall be the focused area of the future for the Education Industry. Many higher education institutions have started working on online program development and delivery. Every industry has to work around to transform and evolve according to the latest business requirements and circumstances. But there are few industries and sectors that will leverage opportunities faster than others and would create ample job opportunities.

Healthcare

The Healthcare System encompassing hospitals, medical equipment, medical laboratories, pharmaceuticals, medical tourism, and telemedicine is ready for incredible growth. The government is spending a significant amount on setting up medical facilities in India and providing medical assurance to its people to benefit the healthcare industry. Digital healthcare will be another addition to the entire value chain of healthcare. Mobile Apps connecting hospitals, doctors, and other medical practitioners will be in demand, creating more jobs. So, there will be a massive demand for medical and paramedical staff and administrative staff in healthcare. 

Digital Payments

Consumer behavior towards using the digital mode of payments has changed as there were chances of spreading the virus through notes and currencies. It is considered safe to use digital payments. The availability of good Internet connectivity, speed, less cost, and smartphone use has propelled the growth in this area. As a result, there is a surge in using UPI, wallet, and other digital payment modes. The Digital India initiative of the Government of India will create more job opportunities in this area. 

Content Development and Creation

Every company will now have to create websites, social media pages, and other digital platforms to attract and be aware of its consumers. There would be a massive demand for content developers in writing blogs, website contents, designing creatives, videos showcasing products, etc. 

Cloud Computing

While all companies will go online, there will be a need for site speed, user experience, and cost-cutting. Recently Google also announced a recent algorithm update in which it will rank a website based on-page experience. Therefore, the website’s optimum speed, 404 error, etc. will be the key factors. The cloud will help organizations to optimize their website speed. The content developers, graphic designers, and website developers have to be smart enough to design the websites accordingly. SAAS model of using software also will be a significant factor for companies to use proprietary software and reduce costs. All SAAS based software services are cloud-based services. There will be plenty of opportunities in cloud computing. 

Cybersecurity

The pandemic has pushed companies to move their services online. Still, increasing dependency on digital tools like virtual meeting platforms means that our data is more susceptible to hacking than ever before. So, all necessary steps are taken to ensure that data such as customer details are as protected as they need to be in this age of increasing cybercrime. As with broadband providers, cybersecurity is something that businesses may now be re-evaluating the importance of. So, pumping money into ensuring that all their online users are safe is likely to become a higher priority after the pandemic.

Online Education

The education sector like any other industry is also affected by this Pandemic. To prevent the young minds from this deadly infection, the government has closed the educational institutions till further notice.  We, at Poddar Group of Institutions were one of the first to launch online learning.This lockdown has affected how the education should be disseminated to the students. Some proactive institutions have already paved their way in developing online contents which can be delivered to its students when they are away from the institutions and their studies can be continued. 

Research and development

Research and development shall be at its peak in the areas of molecular biology, microbiology, chemistry, biotechnology, newer drug molecules for the search of the right vaccines and drug molecules to counter the ongoing pandemics.

IT Specialists

Working anywhere or on any profile will require you to be comfortable with the tech tools to work more effectively and efficiently. Therefore, professionals with digital skills, including Coding, web development, and digital marketing, will become more critical than ever before giving solutions.The reality is that technologies such as artificial intelligence, big data, the Internet of Things, virtual and augmented reality, and robotics will make businesses more resilient to future pandemics.Skills like empathy and collaboration, along with Digital skills, will gain more prominence after COVID. 

Legal services

The Corona lockdown has resulted in Child abuse, family violence, cybercrimes, and divorce cases. There is a spurt of such cases in the wake of the lockdown period.As a result, Advocates, Solicitors, legal advisors working on cybercrimes, divorce cases, and human violence will be more in demand. 

Hence, Let’s hope for the best and look forward to a better future, which will bring us a lot more new opportunities and challenges. But as mentioned, every challenge brings new opportunities, so we should never lose hope and always work towards development.