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Posted by smithmorgan on August 24, 2024 at 5:20pm 0 Comments 0 Likes
COVID-19 Impact on Graph Analytics Marketin ICT Industry
INTRODUCTION
COVID-19 is a pandemic disease that has created a severe outbreak globally, starting from China to almost in every country. It has a major impact almost on everything, including human life, world economy, automotive sector, industrial sector, consumer electronics, security and surveillance, and others; as a result demand and consumption rate gets lowered. Unavailability of vaccine to cure or prevent the disease from spreading is a major reason why lockdown has been initiated for prevention and lower the COVID-19 spread. To control the disease spread, lockdown is considered the better solution observed in many countries, but it also hurts the economy. At the height of the pandemic, more than 2 billion people were under some form of lockdown, and 91% of the world’s population, or 7.1 billion people, live in countries with border controls or travel restrictions due to the virus. However, now almost in every country the factories are started to reopen by taking some prevention such as 20%-50% employees on the field, social distancing, extreme hygiene measures and others to support the economy. It is supporting the economy and helping to lower the recession rate at certain level.
As the pandemic hit globally, People are becoming more inclined and reliable towards the use of digital platforms and internet services. With the spread of the virus globally, individuals are avoiding physical contact to protect themselves from the virus. Individuals prefer automation and digitization more than the physical experience, which increases the need for maintenance and interpretation of graphical data and information. This has eventually created a series of opportunities for the graph analytics market providers. However, the Graph Analytics market is witnessing increased demand due to the number of research conducted for COVID-19, improving the graphical data for interpretation.
IMPACT ON DEMAND AND SUPPLY CHAIN
The demand for graph analytics is witnessing an increase in the COVID-19 era as the pandemic created a huge increase in the need for graph analytics in all industries like healthcare and supporting sectors to improve their response to the COVID-19 crisis by using graph approaches. Graph analytics help the manufacturers and Read in detail...
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