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HOW COVID-19 IS BOOSTING INNOVATION
Although Covid-19 has had more recorded damage on humanity, the crisis is boosting
innovation with the emergence of brand-new ideas, mRNA vaccine, a new technology, and
with the application of existing ones in surprising new ways
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This is pushing the world further into the future
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This upsurge in innovation will bring
lasting change for good and bad
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Zipline
Zipline, a drone-manufacturing company has had its business take off since the pandemic
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With social distancing the new normal, health systems around the
world are now looking at drones as a new and better way to deliver products such as blood,
cancer treatments and vaccines
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It’s more convenient and the patient
takes less risk of getting infected if they need to access general care
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In May 2020, an emergency licence was issued in
America allowing Zipline to fly long-range delivery drones through controlled airspace for
the first time
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This looser approach is accelerating the shift towards more states receiving medical supplies
in a more efficient and productive way
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Zipline has partnered with retail giant Walmart
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Tech- Celeration
This kind of rapid adoption of emerging technologies has been called “tech-celeration” and
it’s the type of innovation that has been given the biggest boost around the world by the
pandemic
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Tech-celeration is pushing
companies further and faster into the future
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Take the financial crash of
2008 which led to the widespread adoption of cloud computing
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Companies were very often reluctant to try cloud computing for fear of insecurity but after
giving it a try found it much cheaper and more secure
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Inventions and Innovations
Crises can also foster the development of entirely new ideas
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g
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When it comes to new ideas, covid-19 has left its mark in the field of medicine where
researchers around the world have pioneered new techniques in the development of vaccines
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Fast- Food Delivery & Mergers and Acquisitions
In most industries, the pandemic has boosted innovation by forcing companies to adopt new
ways of doing things purely as a matter of survival
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Globally, the total revenue of this industry is now expected to reach
$182bn by 2024, an increase of more than a third from the projected level in 2020
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While the pandemic has made innovation a necessity for some companies, it has also
restricted opportunities for others
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The third quarter of 2020 was the busiest for mergers and acquisitions in
three decades, a trend that is likely to tilt resources for new thinking and new ideas further
towards big companies
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Of the biggest American firms founded since
1970, more than 80% were born during eras of growth
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But back in the booming world of online food delivery some start-ups have found hungry
investors
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Based on research on mergers and acquisitions, when an acquisition happens the
innovativeness of that small firm typically goes down
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Zoom: Online Meetings and Learning
For many large and small companies working from home has been the most significant
innovation to come out of the pandemic
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At the start of the year about 10m people
were taking part in meetings over Zoom each day
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And the widespread adoption of remote working during the pandemic could lead
to further innovation in future
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Some of the most ground-breaking ideas require the right opportunity and circumstances to
demonstrate their value
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When covid-19
struck the potential of remote learning became clear
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The pandemic has really changed the culture inside educational institutions and made them
more open to adopting e-learning
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However, digital learning looks likely to entrench social inequality in
the post-pandemic world
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Technologists and policymakers face the challenge of ensuring these new
innovations do not entrench inequality, but instead broaden opportunity

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