Out of Turn

Why 2020 Crisis is Extraordinary

We, as humans, are resilient acter of the 2020 crisis, as it’s destined by nature, having survival to create a new set of socioeconomic instincts embedded in models and instruments of power play. our very existence. Today, humanity is going through a phase, Restoration of normalcy would bring wherein the operating system of the along new features and practices, setting world economy and society is being the tone for a new world order, driven rebooted by the Novel Coronavirus — by principles of knowledge capital and a “biological malware”. Historically, digital technology. Digitalization lies at pandemics have been known to be the core of our future, and it is already natural evolutionary phenomena. knocking at the door, leaving one without The “Black Death” of the 14th century Sanjay Kumar any choice but to upskill. Looking into claimed nearly 200 million lives, and is sanjay@geospatialmedia.net the growing performance of digital regarded as the deadliest pandemic in companies and economies at this point recorded history. So, what makes the in time, it’s quite obvious that “digital is 2020 crisis extraordinary? real. Development models, sovereignty, and security

The past 75 years have probably been part of the infrastructure, data platforms, and scalability of techmost “progressive phase” in human history — world nology adoption. On the flip side, the growing digital order that was driven by principles of coexistence divide will be leaving behind billions of people in a and humanity. The suspicion around the origin of severe state of poverty and digital colonization. the current virus and that it could have been used as a “biological weapon” (if proven) can shift the Protecting human assets and essential commodglobal narrative from peace to conflict. ities while realigning future strategies with current

Secondly, since the beginning of the 21st happen, the priority must be to conserve energy century, digitization has gained momentum and resources, and foster self-sustainable econothrough the combined interactive value of physical, mies, having adequate production and manufacbiological, and digital innovations. COVID-19 has turing capacities to meet local demand and supply. only accelerated the digitization process through “compulsive adoption” of technology, collaborative Business would be amongst the hardest hit as it workflows, and diffusion of ecosystems. resides at the heart of the economy. Ironically, it’s the

Thirdly, the principles of a digital economy driven the responsibility of making up for the losses to the by knowledge and automation have been evolving economy. Further lies a fundamental contradiction rapidly, with billions of minds competing to deliver — on the one hand digitalisation would push business cost-effective services, irrespective of their geographprocesses towards globalization and collaboration, ical location and nationality — thereby nurturing and on the other hand, public policies would be new sources of value creation and employability. driven by protective and self-reliant models. Altering the fabric of the global village, COVID-19 systems would rely far more on the available digital scenarios is the need of the hour. And to make this business community that will have to eventually bear have forced economies across the globe to prioritize Being resilient and sustaining through the protective and territorial marketplaces. COVID-19 crisis isn’t good enough. Resilience has to be complemented by transformation of business

Technology, economy, and security implications processes, value proposition, business models, and encompass a 3D view of the extraordinary charmarket development strategies.