How Technology Will Help Overcome COVID and Boost the Economy

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Key Takeaways

  • The 1918 Spanish flu pandemic taught us important lessons for coping with COVID-19, including the value of technology in managing health crises.
  • Technology has transformed education during COVID-19, helping students adapt to online learning and supporting economic recovery.
  • Rapid advancements in health technology, like improved COVID-19 testing and vaccine development, demonstrate how tech can help boost the economy.
  • The pandemic has disrupted global supply chains, but collaboration and innovation, including 3D printing and blockchain, can enhance resilience.
  • Despite challenges, technology provides vital tools for businesses, education, and healthcare to adapt and continue boosting the economy.

From Surviving to Thriving During a Modern Pandemic 

The 1918 flu pandemic, or “Spanish flu,” was one of the deadliest pandemics in history. It infected about a third of the world’s population and resulted in an estimated 17 million to 50 million deaths. Although there have been many flu pandemics since 1918, none have been as deadly as the Spanish Flu. This devastated many lives and trade, and the technology wasn’t available to boost the economy.

The true geographic origin of the “Spanish flu” is unknown, but the name stuck due to the uncensored reporting in Spain. Everyone just assumed that the virus originated in Spain because it was the only region that reported it. The pandemic occurred during World War I, when wartime censorship was in place. As a result, reporting was suppressed in many countries.

Fast forward to 2020, and we find ourselves living in yet another flu pandemic. The censored media during the times of the Spanish flu caused a downplaying of the infectiousness of the disease. This led to a faster spread. However, unlike a century ago, today’s media allows for a quick spread of information. We also use modern technology to track information about COVID-19, allowing us to take proper precautions much more quickly. We need to leverage the technology to boost the economy.

Although the Spanish Flu and modern COVID-19 are different, we have still learned and borrowed many lessons from the 1918 pandemic. These include wearing masks, social distancing, and quarantining. With those practices come unique challenges. However, modern technology can help us overcome those challenges. It can make society more adaptable and resilient. Furthermore, it can even help us to evolve and excel.  

Challenge #1: Education 

COVID-19 has led to an unprecedented number of closures of schools, colleges, and universities. Students who experienced school closures in the past did not have the advantages of technology. This includes education software, email, websites, and more. Although not every student has access to technology, many schools and companies have found creative solutions. Many districts have distributed laptops. Some cities have outfitted school buses with Wi-Fi. They placed them in strategic locations to provide services to those without. We can leverage technology to assist with education and help boost the economy.

Although the transition to online learning environments is a big adjustment for students, teachers, and parents alike, developing a consistent routine can help ease anxieties. It can help make the unfamiliar more familiar. Many states are developing continuous virtual learning plans. Video conferencing apps such as Zoom are helping to mimic “in-person” interactions with teachers and fellow students during weekly meetings.  

Education is essential for teaching vital skills to students who are the future of the workforce. Questions still remain as to how well students and parents alike have adapted — and will continue to adapt — to the switch to a virtual learning environment. Although it is difficult to estimate the impact of this shutdown on education, technology has allowed many students to make the move. They have shifted from learning in a traditional classroom setting to learning in the safety of their homes, which helps boost the economy.

Challenge #2: Health and Medicine

Two kinds of tests for COVID-19 are currently available. These are antibody tests and viral tests. The former tells you if you have had the infection in the past. In contrast, the latter tells you whether you currently have the virus. Many countries have widespread testing in place. This leads to quicker detection and isolation of those infected. Consequently, there is a reduction in the spread of the virus. Although the first COVID-19 tests were developed rather quickly, tests are rapidly improving. There are even tests underway that can detect the virus in as little as 20 minutes. 

Vaccines have typically taken 12–15 years to develop, but with the help of technology, researchers are hoping to have one for COVID-19 within as little as 12–18 months. In order to meet this deadline, vaccine development efforts are in the works worldwide. They involve various technologies. Researchers are building on existing technologies, increasing clinical trials, and even trying new vaccine technologies that have never been used on people. Although developing a safe and effective vaccine in such a short span of time is no easy feat, today’s technology could make it possible. 

IoT, or the Internet of Things, connects a giant network of smart devices to the Internet so they can exchange data. It has made its way into the healthcare market. Telehealth, or remote care, is an IoT application that allows for remote patient monitoring. It has been mostly underutilized but has seen a surge in recent months. Artificial intelligence, or AI, has also been around for a while, but it has recently evolved. For example, data analytics companies have been using AI to cross-reference posts from social media sites with disease descriptions taken from scientific sources. Just another way tech can help boost the economy.

Challenge #3: Employment / The Workforce

girl working on laptop from home looking out windowDespite living in a pandemic, people have to continue to make money to survive and pay the bills. Many jobs involve lots of human contact, with many people working in close proximity to others in an office environment or service settings. This includes places such as stores and restaurants. COVID-19 has caused modern businesses to re-think their day-to-day operations in order to lower risks for employees and customers. Many companies and employees have had to switch operations from office buildings to remote work in short periods of time. Luckily, with access to proper equipment and remote access software, the workforce has been able to adapt rather quickly. 

Many formerly closed businesses have recently opened their doors to customers again. They are taking precautions such as requiring masks and social distancing. Phone apps make it easy for customers to place delivery orders or mobile orders for curbside pickup. This allows for minimal contact. Many companies have moved exclusively to digital payments. All of these practices help businesses remain open. They enable employees to continue to make an income while reducing the spread of COVID-19. 

Traditional technology such as computers and phones allow businesses, as usual, to go on in the safety and comfort of people’s homes. Online conferencing services such as Zoom allow companies to conduct meetings online. Remote-based monitoring has led to an increased demand for IoT. It allows companies to monitor employees remotely. One example of an IoT product is The Fever Kit, developed by Aridea, which is a non-contact temperature screener. It could help with the reopening of businesses and boost the economy.

Challenge #4: Business / The Global Supply Chain

Online shopping is booming, and international supply chains are strained. Many factories have had to shut down due to social distancing and quarantine. Coronavirus-related transportation restrictions have led to supply-chain and global shipping disruptions. We all learned the hard way that supply chains are not 100% resilient during the great toilet paper shortage of 2020. Panic-buying and hoarding have caused an increased demand for many consumer goods. 

The healthcare supply chain has been particularly hit hard by the pandemic. The shortage of medical supplies, including Personal Protective Equipment (PPE), medication, testing equipment, and ventilators, has complicated the heroic efforts of our healthcare providers and other essential workers. There is no centralized logistics and manufacturing system in place in the U.S., so many companies have had to come together to identify and expand sources. 

Both government-led and private sector-led collaborations have alleviated the demand for medical supplies. Manufacturers have ramped up production. Some companies in different industries have even begun producing and/or distributing medical supplies, such as Amazon and Ford. 3D printing has also been utilized to help increase production, and drones have been used to help transport materials. Preservation measures such as reusing supplies (after decontamination and sterilization), adapting and re-purposing existing machines (such as using sleep apnea machines when ventilators are scarce), and placing export restrictions on critical medical supplies all help to alleviate demand, thereby helping boost the economy.

Blockchain technology (digital pieces of information (“blocks” that are stored in a secure shared database) is helping to provide the connectivity that is so desperately needed in supply chain management. Blockchain allows all parties in a supply chain to track the movement of medical products in real-time, effectively streamlining processes. It also benefits communication between clinicians, governments, health organizations, researchers, and more by serving as a trusted decentralized platform. 

Technology provides many benefits to businesses, communities, and consumers, but it can also be a controversial political, social, and/or cultural issue. For example, digital surveillance is widely practiced in countries such as South Korea, Taiwan, and Singapore to help track the spread of the virus. Some countries use techniques such as facial recognition and GPS to track the spread. Life has almost returned to normal in areas where individuals are digitally monitored. Privacy concerns limit the use of these monitoring technologies in Europe and the United States. Regardless, many countries are now rethinking concerns about privacy rules and principles in an attempt to eliminate contagion risks and develop efficient vaccines and treatments. 

Tech to Boost the Economy

The COVID-19 pandemic and its impact are ever-evolving, leading to lots of uncertainty. It is tough to tell what the future holds, and we may have to continue to work and socialize virtually for an unknown amount of time, but thanks to technology, society has already begun to adapt quickly to the new normal and may soon return to many of its pre-COVID ways to boost the economy.

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