The Impact of COVID-19 on the IT Industry

impact-of-covid 19

As the world enters the third year of the COVID-19 pandemic, it has become more difficult to deny how it has affected people and various industries. Be it the way people interact or conduct business, it will be challenging going back to how things used to be pre-pandemic.

Interestingly, the IT sector was not completely affected negatively by the quarantines and other lockdowns that hampered other industries. Competent IT solutions shot up in significance as companies scrambled to set up work-from-home networks to keep their businesses running.

From the various software license models that sprang up to the most notable trends, this article will piece together how the impact of COVID-19 transformed the IT industry. It will also give you an idea of how you can use these changes to improve your organization’s processes.

  1. Remote Access Poses Risks for Software Licensing Companies began adapting remote setups as the world headed to lockdown in 2020. While this meant more business for IT companies, this also meant that software license management tools became even more important.Organizations had to improvise with limited trials of various software, but this meant it would be difficult to access the applications’ benefits fully. Since many were not present in a physical space, it was easy for employees to use unexamined free trials, putting IT assets in danger of data breaches.

    The legality of these licenses is another cause of concern for companies. Some licenses may not be amenable for remote setups, and companies that used software in a way that was not listed in the license could place them in hot water.

  2. A Sudden Rise in Software Development Despite the pandemic, many companies in the IT industry continued to make strides. In fact, the global IT sector is expected to reach the $5.2 trillion mark in value in 2021 as software developers continue to churn out products and services.One of the biggest reasons for this is the increased productivity provided by remote setups. Software development is usually a task taken on alone. The time saved from the commute and the various meetings that happen throughout the day allowed developers to focus on their craft and create the best software possible.

    Greater demand for quality IT products was also evident over the past two years. Companies needed new software to meet the unique challenges posed by remote work, which gave developers worldwide the opportunity to address some of these issues with their programs.

  3. COVID-19 Accelerated Cloud Adoption The pandemic has further emphasized how vital cloud computing for business continuity with remote workforces is, influencing companies to adopt online productivity and collaboration services. The cloud has become an essential part of business continuity and is key to unlocking organizational growth.With this central role in future enterprises, the International Data Corporation (IDC) forecasts “whole cloud” spending automation processes to improve how they work on things. It is expected that businesses will continue to adopt automation wherever possible and invest in these technologies post-pandemic. This way, they can minimize future business disruptions, as automated systems typically require minimal maintenance and human intervention.
  4. More Money Will Come into Digital Solutions Employee and customer demands drastically changed due to the pandemic, and these changes will require companies to adapt. Most of these changes will be on the technological side, as its convenience proved vital during the pandemic.Business spending on digital resources was up in 2020, and many believe the number will continue to rise post-pandemic. The benefits that quality software can provide have been proven invaluable in today’s business landscape.

See IT Differently

Information technology has greatly changed over the past two years, and it is reasonable to expect it to evolve even further moving forward. IT asset management will become increasingly important to ensure your team can efficiently access and utilize future technology to perform their jobs.

If you want your business to adapt to the fast-paced changes that are coming, reach out to Open iT today. We offer top-of-the-line IT software solutions to help you achieve your business goals. Schedule a demo and see how we can help you.

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