MCobian
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November 07, 2020, 02:20:53 AM |
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I agree that the COVID19 pandemic has caused the world to begin to enter a digital era, it can be seen that in my countries most of the people live convenient to use debit / credit cards to make payments compared to cash money. And also people prefer to shop online instead of having to come to a mall or shop. So if you look at statistics, online stores and market places have increased visitors and transactions. This is very positive in my opinion, because it prevents the spread of COVID19 due to physical contact.
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vermigerous
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November 07, 2020, 04:14:45 AM |
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I think digital currency used more often these pandemic times compared to the times before pandemic happens. Because people seemed to be in the house for the lock down and buying online stuffs to pay crypto could be an alternative for the use of fiat currencies. These pandemic days made cryptocurrency use for it's advantage and easily no hustle. So i think this digital age would be more develop in the near future.
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Swopon
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November 07, 2020, 12:39:40 PM |
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I think digital currency used more often these pandemic times compared to the times before pandemic happens. Because people seemed to be in the house for the lock down and buying online stuffs to pay crypto could be an alternative for the use of fiat currencies. These pandemic days made cryptocurrency use for it's advantage and easily no hustle. So i think this digital age would be more develop in the near future.
Digital currency is a useful thing for us in this pandemic outbreak to use easily at home where it can be used legally. There is no hassle though. At the same time, it can be difficult to use for those where it is not legalized. So the use of cryptocurrency should be increased by the legalization of crypto all over the world for access to use everyone.
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istiak2277
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November 07, 2020, 12:56:57 PM |
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The digital age already began and this pandemic just causes a little effect. People like to buy their products online even before this Pandemic. Humans now like to spend their time on something valuable that's why they want to buy their daily needs Online. This will increase more in time and that's why are seeing e-commerce site flourishes right now.
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slaman29
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November 07, 2020, 06:52:28 PM |
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I agree that the COVID19 pandemic has caused the world to begin to enter a digital era, it can be seen that in my countries most of the people live convenient to use debit / credit cards to make payments compared to cash money. And also people prefer to shop online instead of having to come to a mall or shop. So if you look at statistics, online stores and market places have increased visitors and transactions. This is very positive in my opinion, because it prevents the spread of COVID19 due to physical contact.
Covid didn't push people into digital, it just made them spend MORE time online, but have a thought for those countries where data and internet aren't really that cheap or available like in India. People who've lost their jobs are still not able to work remotely unless they go to data centers (where anyway you aren't allowed to use during Covid). I think this has made the developed world more online, but the less developed world will fall even further behind:(
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Ayiranorea
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November 07, 2020, 08:09:20 PM |
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I agree that the COVID19 pandemic has caused the world to begin to enter a digital era, it can be seen that in my countries most of the people live convenient to use debit / credit cards to make payments compared to cash money. And also people prefer to shop online instead of having to come to a mall or shop. So if you look at statistics, online stores and market places have increased visitors and transactions. This is very positive in my opinion, because it prevents the spread of COVID19 due to physical contact.
Covid didn't push people into digital, it just made them spend MORE time online, but have a thought for those countries where data and internet aren't really that cheap or available like in India. People who've lost their jobs are still not able to work remotely unless they go to data centers (where anyway you aren't allowed to use during Covid). I think this has made the developed world more online, but the less developed world will fall even further behind:( The covid-19 had created people to go online for a long time than usual days. Upon the same the present days have made more new people spend time on internet. This is a huge transformation than a push, because none insisted of going online, but the scenario had made it. Same is with cryptocurrency usage, people thyself have explored and started using bitcoin and other cryptocurrencies.
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DrG
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November 08, 2020, 02:24:20 PM |
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The automotive companies are recording pretty decent profits and high EBIT due to all the pork and extraneous waste that they've grown over the past 100 years. I think they're realizing that they don't need large dealerships spaced every 10 miles when being able to order a vehicle online and have it delivered to your house works for those concerned with mostly A-B travel or who already know what they want without needing a test drive. Companies have to have saved billions from not "mailing" sales people all around the world on expensive business class flights and instead using zoom/google meets.
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oHnK
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November 08, 2020, 02:45:56 PM |
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The automotive companies are recording pretty decent profits and high EBIT due to all the pork and extraneous waste that they've grown over the past 100 years. I think they're realizing that they don't need large dealerships spaced every 10 miles when being able to order a vehicle online and have it delivered to your house works for those concerned with mostly A-B travel or who already know what they want without needing a test drive. Companies have to have saved billions from not "mailing" sales people all around the world on expensive business class flights and instead using zoom/google meets.
I don't know which automotive company has made profit during this pandemic because it reduces costs, which is usually replaced by digital-only processing via zoom. However, if you look at the data on the automotive industry in my country, the sales decline occurred about 50% from last year. And some say the automotive industry's revenue has decreased by 15%. No one has yet noted that during this pandemic, auto companies were profitable.
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South Park
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November 08, 2020, 05:25:42 PM |
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Yes, exactly. The world are more highly digitalized since the lockdown started in any places and followed by different types of community quarantines that restricted us from going out to avoid the physical contact with each other and to prevent the rapid transmission of covid-19. This strange time had taught us that everything can be done virtually. Though some of us are not used to it, especially the modern businesses, work and study from home. But despite the struggles, like the internet signal here in our country which is so slow and unstable sometimes...yet, we have faith that we can make this things possible and yes, we learned digitalization and getting used to it now.
What it is interesting is that we were already going on in this direction but the acceleration we have gone through is spectacular and most likely this is going to continue for a long time because even if it comes to the point the pandemic ends people will now have this tendency to use digital means of payment, even I have been affected by it, I preferred to use cash whenever possible but now in order to protect myself I prefer to use digital transactions for the most part.
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fullhdpixel
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November 09, 2020, 04:23:18 PM |
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The digital age already began and this pandemic just causes a little effect. People like to buy their products online even before this Pandemic. Humans now like to spend their time on something valuable that's why they want to buy their daily needs Online. This will increase more in time and that's why are seeing e-commerce site flourishes right now.
The pandemic actually helped modernization because it was essential for survival as we could not meet others and online shopping saw a gigantic growth as everyone was afraid to shop physically in stores and rather preferred to order their products online. We might be troubled so much by the pandemic but the truth is that we moved way ahead of time as now education is being done online, shopping also saw a big growth and actually things like medication also started online as doctors used to see their patients online via video call which is a great sign of economy moving ahead. I do not know much about other countries but actually our country lacked behind in use of technology and at least corona virus helped everyone learn these technologies and actually more people are now getting online jobs.
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tbterryboy
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November 09, 2020, 05:13:02 PM |
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I don't think so. World is developing day by day and already being digitalized in many countries. Pandemic can be considered as one more step in this way but not more than that. Because people already using the technology which they used before the pandemic. Nothing changed in this period and just people can't go out for work.
In fact the pandemic pushed us back 10years because the industries and everything will take at least 5-10 years to come back to normal because even when the virus spread is stopped it won't be magic to fix everything because the economic structures are broken and everyone struggled be it developed countries or be it growing ones. I know more cashless transactions are happening but the truth is they are forced rather than adopted so once the pandemic ends and everyone is back to normality there will again be dominant number of fiat transactions and cashless economy will be left behind again.
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Swopon
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November 09, 2020, 05:38:51 PM |
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I don't think so. World is developing day by day and already being digitalized in many countries. Pandemic can be considered as one more step in this way but not more than that. Because people already using the technology which they used before the pandemic. Nothing changed in this period and just people can't go out for work.
In fact the pandemic pushed us back 10years because the industries and everything will take at least 5-10 years to come back to normal because even when the virus spread is stopped it won't be magic to fix everything because the economic structures are broken and everyone struggled be it developed countries or be it growing ones. I know more cashless transactions are happening but the truth is they are forced rather than adopted so once the pandemic ends and everyone is back to normality there will again be dominant number of fiat transactions and cashless economy will be left behind again. This is the harsh reality. Yes it will take time but it is not impossible if the leader wants to grow his/her economy so fast, it won't take time as you mentioned. Expecting everything will be normal in a very short time then we will see the real race among the developed countries and developing countries. If the people become habituated in using cashless transaction then it may continue without any issues and I think it can be accepted more easily for not to carrying money in hand. Though they are becoming forcibly habituated now.
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DrG
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November 10, 2020, 12:37:03 PM |
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The automotive companies are recording pretty decent profits and high EBIT due to all the pork and extraneous waste that they've grown over the past 100 years. I think they're realizing that they don't need large dealerships spaced every 10 miles when being able to order a vehicle online and have it delivered to your house works for those concerned with mostly A-B travel or who already know what they want without needing a test drive. Companies have to have saved billions from not "mailing" sales people all around the world on expensive business class flights and instead using zoom/google meets.
I don't know which automotive company has made profit during this pandemic because it reduces costs, which is usually replaced by digital-only processing via zoom. However, if you look at the data on the automotive industry in my country, the sales decline occurred about 50% from last year. And some say the automotive industry's revenue has decreased by 15%. No one has yet noted that during this pandemic, auto companies were profitable. I said profits are doing well and are setting record increases mostly due to such a pent up demand in Europe and US. Yes total sales are down, but the industry has reduced a lot of costs. The inventory is also quite low so there's very little discounts on new vehicle. This pattern has been repeated by GM, Honda, Toyota, Ford, BMW, Daimler and some Chinese brands. Here's one specific video about GM profits https://www.youtube.com/watch?v=a--shq3_5MEIf you watch older episodes you'll see even Daimler made profits which is surprising considered how precarious they were 4 months ago, esp with BMW sales up.
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bitzizzix
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November 10, 2020, 02:06:44 PM |
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When a pandemic occurs, there are many social obstacles that we must apply, one of which is working from home and encouraging digital transformation that must be carried out so that we can continue to work and carry out other much needed jobs or assignments and studies. But why should it be like that and push the world into a more digital era, we must feel the suffering caused by Covid-19 and many things that have been harmed. I hope this pandemic ends quickly because it is very sad for those who do not have or are not supported with the necessary technological tools.
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emmybd
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November 10, 2020, 03:38:03 PM |
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The world is experimenting an extraordinary life altering challenge due to the Covid-19 pandemic. Our life has changed a lot. We are learning new things everyday because of this pandemic. We can't go out because of this pandemic so we have to stay at home all day long. As a result, we are using technology a lot. • We are nowadays interest in online shopping. As we can't visit shops. • Some companies are using robots to deliver things. • We are using telephone to pay the bills. • We are taking healthcare from home by using telephone. • We are working from home by using Computer/ Laptop. • We are enjoying entertainment shows online. • Students are doing classes in the laptop or telephone. According to recent data, around 70% people believe that the crisis stemming from Covid-19 has forced their businesses to adopt online tools. Undoubtedly, the world is getting more digital because of the pandemic.
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lixer
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November 11, 2020, 08:56:12 PM |
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When a pandemic occurs, there are many social obstacles that we must apply, one of which is working from home and encouraging digital transformation that must be carried out so that we can continue to work and carry out other much needed jobs or assignments and studies. But why should it be like that and push the world into a more digital era, we must feel the suffering caused by Covid-19 and many things that have been harmed. I hope this pandemic ends quickly because it is very sad for those who do not have or are not supported with the necessary technological tools.
Yeah, the rural people have suffered a lot because they don't have the necessary education nor the technology to do online payments and they don't even have enough education to work online so they indeed had a poor time. I think while it cannot be denied that we moved to a more digital generation but that doesn't mean it happened for a good cause because we are forced to use these things instead of wanting to use them so while more technology and digital transactions are good as they remove manual work but unless the education is there these digital transactions aren't going to work everywhere, like people in rural areas are not going to learn the technology within months.
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crazy-pilot
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November 11, 2020, 09:51:44 PM |
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The world is experimenting an extraordinary life altering challenge due to the Covid-19 pandemic. Our life has changed a lot. We are learning new things everyday because of this pandemic. We can't go out because of this pandemic so we have to stay at home all day long. As a result, we are using technology a lot. • We are nowadays interest in online shopping. As we can't visit shops. • Some companies are using robots to deliver things. • We are using telephone to pay the bills. • We are taking healthcare from home by using telephone. • We are working from home by using Computer/ Laptop. • We are enjoying entertainment shows online. • Students are doing classes in the laptop or telephone. According to recent data, around 70% people believe that the crisis stemming from Covid-19 has forced their businesses to adopt online tools. Undoubtedly, the world is getting more digital because of the pandemic.
Everything is correct. Our transition to the online space has accelerated. However, this has a detrimental effect on business, because business is about goods, business is about services. You cannot get a haircut online, you cannot do online many things that you are used to. Economies stand still, and this slows down a full-fledged and high-quality transition to online in symbiosis with offline. We have to sit at home and order food at home, and not drive cars and fly on airplanes.
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Cling18
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November 12, 2020, 12:37:11 AM |
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This pandemic has been an eye-opener to most people that a cashless society is possible and necessary during times of crisis. I have noticed that cashless transactions are more convenient and safer for us to use. We're able to purchase our necessities online which is an advantage. Even education and businesses are switching to the digital age as well. I'm sure that there will still be more improvements in the future and we'll continuously see the importance of a cashless society.
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bryant.coleman
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November 12, 2020, 04:22:23 AM |
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The "push" should be voluntary, and not forced. Some of my friends in India told me about students who committed suicide, because they couldn't afford to purchase smartphones or tablets that are needed to take part in online classes. In developed nations, most of the people will be able to afford these appliances. But that is not the case in the vast majority of the developing nations.
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Salauddin1994
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November 12, 2020, 04:40:04 AM Last edit: November 12, 2020, 09:43:06 AM by Salauddin1994 |
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This is very difficult for the poor because the world is in the digital age and they will not be able to buy anything due to lack of sufficient funds but in most countries the epidemic is pushing the world towards the digital age. Through the world is improving more if the government provides assistance to these poor people for the developing countries then the world will be more prosperous it will be possible to recover the country's economy soon and all people will overcome the crisis. Everything is improving through blockchain technology in which case it is very helpful to improve the financial condition of the poor. Easily they will learn a lot about the use of technology.
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