How Technology companies are bringing innovative solutions during COVID-19

In these uncertain times, it motivates us to be self-reliant.

The ongoing crisis due to the COVID-19 outbreak is beyond doubt going to affect the entire economy, but one of the segments that is likely to hit the most is the MSMEs-a sector which accounts for more than 50% of the country’s GDP.-

This pandemic can be seen as an opportunity to boost indigenous production, thereby reducing India’s dependency on foreign countries. This depicts a key lesson..

We must learn and implement in the near future. Our nation has sufficient resources that can be mobilised to produce everything we need domestically, be it healthcare, technology, O&G or metals, thereby creating jobs and rapid development. This is the time & opportunity for India 2.0

Many corporates says, Remote Conference Is Inspiring Technology For Good

The Remote working solutions for digital transformation will be more relevant than ever, especially in sectors like healthcare, online collaboration, education, telecommunication and digital cities that will continue to create new opportunities for us, both from the infrastructure and platform stand point .

There is a bigger shift of consumers to digital platforms as a result of social distancing and transportation challenges.

At the same time, Opportunists and fraudsters are likely to exploit the vulnerabilities deriving from changes in the way of working. “We will need to strengthen the control perimeters rapidly and proactively.

India’s $180-billion IT sector has a heavy dependence on business from the US and Europe – making its fortunes integrally linked with the performance of these international markets.

As top clients from these regions reduce their IT spending in the wake of the COVID-19 outbreak.Indian IT companies should leverage their core value proposition and restructure their existing offerings at competitive price points.

During this crisis, enterprise networks are seeing a demand for unprecedented levels of virtual collaboration.

Many OEMs including DELL, HPE, IBM, Cisco, Microsoft,Acer and many others have come out with relief packages for their channel partners with initiatives to inject much needed liquidity into the economy. Customers and partners are navigating through uncertainty and complexity.

Anil Sethi of Dell Technologies says, Dell has sought to reduce the financial burden For Platinum and Titanium channel partners, Dell will provide a one-time cash payout for up to 50 percent of current partner Market Development Fund (MDF) and Business Development Fund (BDF) balances for use towards marketing activities. Dell partners can apply for this between April 13 to June 20, 2020.

Som Satsangi of HP Enterprises says…., HPE tackles pandemic conditions with new partner and customer relief initiatives with a package in financing about US$2 billion to help customers overcome cash flow and liquidity crunch related to Covid-19, forming part of a global stimulus package.

HPE is enabling its customers to delay payments for 90 days, or through the 2020 Payment Relief Program where customers can acquire the technology they need today and pay only 1% of the total contract value each month for the first eight months, deferring over 90% of the cost until 2021.

LATA SINGH from IBM says, IBM is offering an extended financial stimulus package for its customers through IBM Global Financing. IBM Systems globally has added millions of dollars into the incentive portfolio which will be available for distributors and all its partners in India.

CHRIS KADDARAS of Nutanix says on the Special Financial Assistance Program to demonstrate commitment for extended payment terms, with no additional costs, effective immediately and the program is available for a limited time, through May 31, 2020.

At the same time ,Intel has unleashed a "comprehensive" relief package meant to help its large network of channel partners , Instead of looking at the last 12 months of sales, Intel has expanded its measurement period to 18 months, which will cover sales from the beginning of 2019 to the middle of 2020.

Cisco commits $2.5b for “business resiliency” financing for partners.

Microsoft rolls out tools as partners tackling pandemic disruption

Now let’s look at how the other OEMs have come out with various solutions to enhance the Digital payments.

XPay is providing digital payment solutions through its mobile application and website for multi-utility payments. It is said to be the most secured payment gateway of India.

For people in business…..2020 is just a year for staying alive. Don’t even talk about your dreams or plans. Just make sure you stay alive. If you are alive, that means you have made a profit already.