I was reading the Sunday morning Economic Times,and there is an article on the IT Industry. An Industry,where I have spent over 30+ years,and I thought to myself,though the word "LockUp" is not such a nice expression to carry,"Lockdown" most certainly is not so.Specially not for IT Industry.Such situations in life,like the Y2K,Financial Crash of 2008,and even the new digital phenomena has been hitting us through Cloud computing, mobile applications,for sometime now and so, the Covid-19 and its Work From Home(WFH) phenomena has multiplied our access and adoption to the digital world,in this, social distancing,hand cleaning,new world of ours. Though I must tell you our Globsyn Group's Technology Division,run by my son,Romit, had adopted WFH,for some 3 years now.One of the main reason he did that was, he got graduate housewives who are at home,and are smart and intelligent could be deployed for his AI/ML offshore work.He felt,it was smart,efficient,with a higher yield,so it simply made sense to him.So,this time around,when the Lockdwn happenned,he could,with the help of his Team,transfer 1400+workstations on a WFH mode.Yesterday,I learnt,that he is giving back some huge rented space he had taken to manage his growth,as the work has shifted to WFH.I give this example,nearer to home,to tell you of what the young entrepreneurs of today,would be thinking ,and working on them.Education,the other area,we are involved in, most certainly will not be the same,as before.The "blended" model is here to stay.Today,already re-orientation is happenning everywhere.Virtual meetings,discussions,Cultural events,Business Summits,Digital payments,all are getting smarter by the hour. This phase of our lives,will encourage innovations.This time,is Surely and Truly ,for the smart youngsters.Youngsters even with street smartness,focussing on the gaps,getting created by our actions and decisions,creating lack of convenience,less efficient means of conducting ourself and our work,will have opportunities to innovate and provide new solutions.A huge time for Startups,Angel Funding,and even Venture funding.Organisations might merge,might be taken over,and also grow manifold.
As we open from our skewed Lockdown after 3 long months of passivity,the confusion on the roads/streets,shops, public places,malls,restaurants,will throw open,huge scope for innovation,and new products and services will emerge.There is absolutely no denying that Infotech will play a major role, as always.So,perhaps,we are in for good times,and as parents we must support,encourage our next generation to be innovative to succeed. I personally think,INNOVATION will continue to be the key,for times to come.