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The coronavirus crisis and the technology sector

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  • Carolyn Evans

    (Intel Corporation)

Abstract

The coronavirus crisis has created a profound shift in how people interact and economies function. Policy mandates and fears of becoming infected or infecting others have impelled populations to shelter at home, socially distance, and otherwise reduce direct, in-person interactions with others. By enabling people to conduct many regular activities remotely, including working, learning, shopping, and receiving medical services, technology has allowed the continuation of some semblance of a normal lifestyle in this new environment. Within this context, the IT sector has provided the tools and resources required to support these remote activities, as well as to address the pandemic more directly through efforts such as supporting contact tracing and providing high-performance computing resources for COVID-19-related research. This paper discusses in more detail this impact of the pandemic on the technology industry, and its response to this shock, by addressing three elements: accelerated digital transformation, increased importance of technology in the economy and society, and prevalence of inequalities in access to and the use of technology.

Suggested Citation

  • Carolyn Evans, 2020. "The coronavirus crisis and the technology sector," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 55(4), pages 253-266, October.
    • Handle: RePEc:pal:buseco:v:55:y:2020:i:4:d:10.1057_s11369-020-00191-3
    DOI: 10.1057/s11369-020-00191-3
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    References listed on IDEAS

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    1. Dingel, Jonathan I. & Neiman, Brent, 2020. "How many jobs can be done at home?," Journal of Public Economics, Elsevier, vol. 189(C).
    2. Erik Brynjolfsson & John J. Horton & Adam Ozimek & Daniel Rock & Garima Sharma & Hong-Yi TuYe, 2020. "COVID-19 and Remote Work: An Early Look at US Data," NBER Working Papers 27344, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Otrachshenko, Vladimir & Popova, Olga & Nikolova, Milena & Tyurina, Elena, 2022. "COVID-19 and entrepreneurship entry and exit: Opportunity amidst adversity," Technology in Society, Elsevier, vol. 71(C).
    2. Al-Nassar, Nassar S. & Yousaf, Imran & Makram, Beljid, 2023. "Spillovers between positively and negatively affected service sectors from the COVID-19 health crisis: Implications for portfolio management," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).

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