Tech is already at the forefront of helping us deal with various disruptions from the COVID-19 threat, as people use video conferencing and online collaborative tools to work from home.
Although the tech industry is not immune to a recession, it is in a much better place to weather the crisis than the travel industry, for example. In some ways, tech is being used a substitute for travel that’s no longer possible during the public health emergency. We’ll see the need for more technology, not less, to help us get through this challenging time in our history.
Invest more in R&D even during a recession, knowing that the market will eventually rebound and new and innovative technologies will drive future demand.
Read the article at Fast Company.