COVID 19 STRIKES – WILL CLOUD SERVICES BOOM?
Ever since the announcement of the novel coronavirus as a pandemic, all that I got to hear was about the significant toll of the COVID-19 outbreak all over the world with positive cases expanding to more than 3.6 million and 2,50,000 deaths as of May 5, 2020.
If there was something that seemed to prevail among all societal groups irrespective of any discrimination, then it was fear, anxiety and uncertainty and of course, I was no exception. I turned more anxious when the health crisis started to take shape as a social and economic crisis as well, which led around 175 countries across the globe to announce a nationwide lockdown to mitigate the spread.
Running across headlines on how global trade of essential commodities like oil was drastically affected, leading to the sharp fall of prices, sounded like a warning toward economic recession. Working in the Scientific RnD Informatics sector and having crossed almost 50 days of remote work lifestyle, made me curious to know how sectors like us are coping with the shutdown and what is awaiting us in the post-pandemic run.
Surprisingly, I happened to witness a spurt of growth in the business of cloud technology providers such as Amazon, Microsoft and Google, especially during these times and analysis shows that they are expected to emerge as the champions at the end of this phase for several reasons.