COVID-19 Has Accelerated the Growth of the Tech Sector

So many technology companies have oddly benefited from the Coronavirus in terms of the share price of their stocks, as well as the growth of their respective companies. Media entrepreneurs like Ken Kurson who have been analyzing the technology space for many years are hardly surprised by this development. Indeed, when it comes to e-commerce juggernauts like AliBaba and Amazon, it’s completely understandable why there has been so much demand on the part of consumers for purchasing products through their platforms during the Coronavirus.

First, it ensures that there is no human to human contact. This type of contact would of course instill fear in many given the external circumstances that the Coronavirus has created for society at present. But technology has created platforms like the aforementioned ones that ensure little to no human-to-human exposure, while ensuring that purchases are nonetheless facilitated in a seamless fashion.

Ken Kurson believes that many of these trends that have favored such technological platforms due to COVID, are here to stay, and will not simply dissipate the moment a vaccine is found. “People have grown accustomed to some of these changes. On balance, many of them are more convenient for people.” Indeed, we at InfoTech, could not agree more. Perhaps COVID-19 was the magic recipe for the discovery of the value of technology.