- Technology is witnessing an accelerated adoption among people, as they are becoming more digitally inclined, and dependent on it during the pandemic period.
- Coronavirus has made people more health conscious than before, and with wearables and fitness apps, keeping oneself healthy at home has become incredibly easy.
- Like rest of the world, Aussies too are embracing video conferencing and drone technology to meet various requirements and utilising online streaming apps, along with online gaming to fray boredom.
COVID-19 has caused disruption among individuals, businesses, society, and economy across the world.
It is often said, ‘Out with the old, in with the new’.
In just a couple of months, the pandemic has changed consumers’ attitude towards safety and spending. The crisis period had its impact on the way businesses function and made individuals to go digital.
Moreover, the lockdown period stimulated the need for electronics in the form of wearables to track fitness along with increased adoption of digital services such as online grocery stores and medical stores, tech-enabled education platforms, online streaming players, online gaming and many more.
An interesting fact: A Melbourne based restaurant Atlas Dining started selling meal kits, that allowed its would-be diners to cook up their own feast at home. The restaurant sold its idea on social media and managed to thrive during lockdown.
Join us as we take you through few of technology and electronic products that have been loved by Aussies during the pandemic:
Cashless transactions have found a sweet spot in this unprecedented virus outbreak.
Post pandemic, most of the people prefer using apps to place an order for essentials, apparels, etc. The businesses are also striving to include digital orders and cashless transactions to speed up the ordering process and in providing services to homebound customers.
Physical handling of cash might pose the risk of spreading the virus, which makes the way for such mode of payments where there is no human touch involved. Digital payments are flexible, secure, convenient, hygienic and require minimum physical contact between sellers and consumers.
Contactless payments can be made, through digital payments such as GooglePay, checkout using facial recognition, embedded payment systems in cars in addition to cards, etc.
Contactless payments are not only keeping businesses above water by making them sail through the crisis but are also helping them thrive amid crisis.
Did you read; QuickFee: Next one in Fintech Race
Love for fitness wearables
Exercising to keep oneself fit is one of the best ways to stay active and utilise time that one has in hand nowadays.
A large number of homebound Aussies are using fitness related products to analyse and track their daily activities.
With simple and easy to use gadgets; fitness wearables are enabling users to track and gauge the metrics of their fitness progress, eliminating the requirement of routine gym or personal training period.
Video conferencing apps becoming the lynchpin of communication
Video conferencing apps have witnessed an enormous demand and greater adoption during the coronavirus pandemic. These apps have made it to top of the download charts, becoming a key for communication.
Amid social distancing norms, most of the businesses are relying on various video conferencing apps to maintain collaboration while working in the digital workspace.
Have you installed Zoom app on your phone? Yes!
Zoom Video Communications Inc (NASDAQ:ZM) has been into the spotlight over the past few months enabling people to conduct virtual meetings from any part of the world.
This app has an extensive user base, including professionals, children, teachers, artisans, doctors, teachers, musicians, etc. Moreover, it can be used for a range of meetings other than business meetings such as church meetings, fitness sessions, virtual gatherings of friends, e-classrooms and even for blind dates.
Moreover, these apps are being acclaimed as defining technology of the coronavirus crisis.
Online Streaming services are one of the coronavirus saviours
Home entertainment via streaming apps is playing a pivotal role in keeping the people occupied amid physical distancing.
Over billions of people are hooked on to either their mobile phones, TV sets or laptops watching some programmes to keep boredom at bay.
Amidst closure of cinemas across the nation, local distributors are even releasing their films on these streaming apps with a certain price tag.
The audience in the online streaming industry has numerous choices at their disposal, ranging from Netflix, Amazon Prime, Foxtel to Stan. The viewers can choose the type of experience they want on the basis of amount of money they want to spend on it.
Amid COVID-19, drones have been utilised for solving numerous purposes such as temperature checks, surveillance and monitoring, broadcast of messages and spread information, spraying disinfectants, and delivery of critical supplies comprising of grocery items and medicines.
Although government officials in different parts of the world are making use of drones for combating the virus, the people who are locked within the four walls of their households are perceiving flying to be more powerful than ever.
Drones are extending their reach and eyes towards the sky to ward off restlessness or take expansive aerial photos.
Another quick fact: You must have shopped numerous products from 7-eleven. Well, the convenience chain in Australia has deployed facial recognition technology in its stores.
Yes, you heard that right, 7-eleven has recently unveiled that it is using facial recognition technology among its 700 stores across the nation as component of a consumer feedback capture method.
Did you read; 5G Makes Fast Inroads, Are We Ready Yet?
5G and gaming
5G is reinventing digital media with faster speed and low latency by facilitating users to experience a new sense of wonder with the high-resolution gaming world.
People of all ages are turning towards gaming to break the monotony of the day. Also, owing to the outbreak of pandemic, online gaming has picked the momentum and is witnessing a significant uptick in the number of users.
PS5 launch event in Australia took place on 12 June 2020 and was streamed live on Playstation Youtube Channel.
Furthermore, PAX, one of the most attended gaming events in Australian region, is set to kick off its first online global gaming event for nine days, beginning 12 September to 20 September 2020. Gear up gamers, this 24-hour-a-day content is free for all nine days.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.