The Sars-CoV-2 virus pandemic, also known as COVID-19, represents a series of unexpected challenges for the world. However, none of these challenges are really new. The restrictions and problems associated with the coronavirus have only accelerated trends and changes that were already shaping our reality. It seems that the three strongest trends will have the biggest impact on what the post-pandemic world will look like:
●The pace of globalization will slow down,
● A sudden increase in debt will occur,
● The rapid digitization of the world will continue
Of the mentioned trends, the last will be strengthened the most and will be the most visible by far. The rapid digitization of work and life forced by the pandemic due to reduced human interaction is not new.
Few people remember the groundbreaking essay by Marc Andressen published in the middle of the financial crisis in 2008: “Software is eating the world” with the main thought: “6 decades after the development of computers and 4 decades after the invention of the microprocessor, the technology needed for digital transformation is ready and can operate on a global scale”.
The observation from 2008 has become fully real today. The rapid and widespread digitization of the way companies work, in just a few months of 2020, has become a fact.