COVID-19 to spur 9 key technology trends across industries - report

With the pandemic's negative impact on the global economy, says the firm, technology leaders must assess the emerging opportunities resulting from COVID-19 and provide technological innovations to build company, society, and consumer resilience. Automation/robotics, advanced data analytics, IoT and "sensorization," security and privacy, and business model innovation are seen as the five critical success factors for growth. "From transformative MegaTrends to geopolitical chaos, there are several factors making it increasingly difficult to grow," says Murali Krishnan, Visionary Innovation Group Senior Industry Analyst at Frost & Sullivan. "In the near term, companies should focus on diversifying supply chains and leveraging new opportunities arising from changing customer demands. In the long term, it is important to internally adapt to new technologies that support workplace and operational continuity to have a smoother transformation during recovery."