What’s interesting to me is how this global pandemic is catalysing digital transformation across industries. As the New York Times noted recently on the progress of telemedicine, “10 Years of Change in One Week”.
The effects of the Covid-19 lockdown, or part thereof, will likely persist for the foreseeable future and unfortunately for a lot longer than we all previously envisaged. What it means to us as people is that we will become accustomed to a new way of living. The measures we put in place to tackle the coronavirus will usher in the new normal, in a post-Covid-19 world.
As tech investors, it’s our role to look at the ever-changing landscape and identify solutions that will shape the future. As famously said by Winston Churchill, “never waste a good crisis”.
So, here are my top 10 temporary relief measures that I believe will likely leave a permanent mark on the way we live and do business. As a result, these are some of the things we are focused on investing into right now:
SME’s are not being properly serviced in the traditional lending sector due to perceived credit risk resulting in a large funding gap. There isn’t yet a properly formulated credit scoring model for SME’s in a digital economy. Everyone will realise that traditional financiers credit scoring mechanisms are so out of touch with SME’s in a digital world.