The coronavirus pandemic has heralded unprecedented level of innovation, driven by the need to combat the disruption caused by the disease and build back better.
Nearly a year ago, the world of business (and indeed the world at large) was thrown into a state of flux as the now infamous coronavirus spread like wildfire, rampaging healthcare systems across the world, bringing supply chains to a standstill and upending business as normal.
Almost a year on, normal as we know it has been redefined. Technology, already an important part of daily life pre-Covid has become essential. In this pandemic world today, nothing is possible without technology, from procuring essential household items to accessing medical help to even sending Christmas presents. The world as we knew it has been be redefined. And the catalyst has been in innovation. As the old adage goes, innovation is the mother of necessity and nowhere was this more apparent than during the pandemic, as scores of businesses - micro, small medium or large - rose to meet the challenges through innovation. From innovating to developing drones for sanitising city blocks to using helping doctors remotely monitor patients.
A report released by Microsoft and IDC titled, 'Culture of Innovation, Foundation for business resilience and economic recovery in India' on 8 dec 2020, threw up some interesting findings. The report surveyed 439 business decision makers and 438 workers in India within a 6-month period, before and since COVID-19, as part of a broader survey among 3,312 business decision makers and 3,495 workers across 15 markets in the Asia Pacific region.