Irvine, CA-based Hard Drive Recovery Group (HDRG) recently published a blog post titled ‘A Changed World After The COVID19 Crisis,’ discussing how the COVID-19 pandemic has affected the lives of people around the world and what the lockdowns imposed by global governments mean for companies and their data. The COVID-19 crisis is an unprecedented event, and the ramifications are likely to be felt for years to come. Financial institutions predict that the world economy will face the worst depression since the Second World War, and with no end to the crisis in sight, the looming financial crisis is likely to be worse than most people may have imagined.
“So many people are still being tested positive for the virus, and there seems to be no end in sight as the possibilities for a cure and a vaccine are still months, if not years away,” says the blog post. “The government can only hold their lockdowns as long as they can. China has already lifted its lockdown on Wuhan, believed to be the epicenter and origin of the virus, while reporting that its national economy will be contracting for the first time since the 1980s. Other “early adopter” countries like Japan and South Korea still demand their people maintain social distancing and prohibit public assemblies but have already allowed people to go back to work.”
With everyone being forced to stay home, digital and electronic companies will most likely benefit the most from the crisis. A number of companies, particularly those in industries like tourism, transportation and hospitality, cannot operate properly due to the fact that their customers are all stuck indoors and cannot work remotely. Companies that provide the equipment and software that people are using to work from home, however, are making a lot more money than they did before the crisis. Businesses whose services and goods that do not require or actually discourage social interaction are either unaffected or seeing record numbers in terms of growth. The pandemic has shown many individuals and businesses that working from home is not only possible but also convenient, and many will continue to work from home even after the crisis is over. Businesses that are prospering now are likely to continue prospering long after COVID-19 becomes a distant memory.
In their blog post, Hard Drive Recovery Group explores how working from home is likely to become the norm, not the exception. “Employees have for weeks, experienced a change in their style of work as they have been spared of having to dress up and commute to their offices,” says the blog post. “Many have found this practice favorable for them, and even once the crisis ebbs, it will be difficult for companies to not allow their employees to continue working from home, as they may not be able to afford overhead expenses (office rent, utilities, operating expenses) anew. Moreover, travel restrictions will be stricter, so companies may indeed encourage employees to stay at home and still be productive members of the company.”
International cooperation is likely to see significant changes. At the moment, countries are isolating themselves from each other by closing their borders and discouraging foreign visitors from entering their countries. Once the crisis is over, however, countries are likely to develop new best practices regarding how to monitor and report crises and coordinate responses. Due to the failure of many countries around the world to prepare adequately for crises like the one the world is currently facing, many lives have been lost. As a result, countries around the world will be looking into how best to respond to pandemics in future.
Hard Drive Recovery Group offers data retrieval services aimed at helping people recover data that they may have lost for any of a variety of reasons. The company has been offering professional recovery services for over 20 years. With many people working from home due to COVID-19, the likelihood of losing data is higher than ever before, and the services of companies like Hard Drive Recovery Group are in very high demand. For more information, visit the company’s website or contact Maureen Davies of Hard Drive Recovery Group.
from Hard Drive Recovery Group