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Pandemic will accelerate the development of the IoT industry.

The global economy is plunging, perhaps into the worst recession since World War II. Even before the COVID-19 pandemic and the crisis caused by falling oil prices, the economy was experiencing certain problems, and this contributed to the situation that we are now in.

At the same time, the quarantine provoked by the pandemic will become a kind of impetus for a more rapid transition to the digital world, acceleration of globalization processes. With the introduction of quarantine, the speed of digitalization of the economy has increased by an order of magnitude.

We must be aware that the situation that we are currently experiencing will fundamentally change the landscape of the economy. Bold decisions, creative ideas and high technology will allow humanity to derive the maximum possible benefit from the crisis.

Observing the economy in the countries of Perenio's presence, we have formulated a list of challenges that the market will have to take into account in the next 12 months:

- The Internet of things, called the underlying technology for breakthroughs in the field of artificial intelligence and robotics, will become a catalyst for development in many areas. Such data are provided in a study by Forbes Insights.

- For companies implementing IoT, technology will be a key factor in competitiveness. First of all, we are talking about development, medicine, retail, telecom and other industries, where the technology will provide an increase in the quality of services, added value of goods or services.

- The current economic situation will push companies from various industries and countries to rethink the role of IoT in business development, which will lead to an increase in the number of new projects this year around the world.

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