There are a lot of uncertainties with the way this pandemic will end, how long until then, and just how much will change afterward. The only thing we can say for certain will stay the same is the fact that so many things and the usual way with which we go about our days will be vastly different from what was two years ago. Since the pandemic, so many businesses have focused more on digitalization and remote services and experiences.
Another thing that, for sure, might not change is the continued innovation in technology. To adapt to this new normal post-pandemic world, innovations and technology are constantly being demanded and developed. Here are seven tech businesses that might be worth looking into for investment purposes and for general information and news.
E-commerce
With the majority of retail businesses and shops turning to online options and deliveries, e-commerce startups are predicted to continue strong even well after the pandemic. E-commerce includes everything from food delivery, retail shopping, other online services. As the pandemic goes on, more and more people prefer to have their goods and services delivered straight to their home, as well as the safety and security of digital cashless payments.
More apps dedicated to new products and services are constantly getting developed and expanding to broader ventures. For any investor, an e-commerce startup is always a safe option.
Artificial Intelligence
Artificial intelligence or AI technology is no longer a thing of science fiction. Many businesses already use AI to streamline business operations, customer service, and automation. Businesses are not the only ones who can benefit from AI. AI apps like Siri and Alexa are already prevalent today and have become commonplace in people’s lives and households, as well as other apps that deal with time management, navigation and data gathering. With the ease and convenience that AI brings, the continued integration of AI into everyday life is already happening.
FinTech
Going hand-in-hand with e-commerce, the financial industry is growing to conduct financial services such as online banking and even insurance services entirely digital. Online or invisible banking is quickly become the norm among consumers, given its ease of access and the fact that non-contact options are the priority in today’s times. FinTech includes more than just payment apps—stock trading, investing and insurance can all one day be done entirely online.
Science and Technology
Science and health are always at the forefront of everyone’s minds in today’s age. You can consider starting a life science company, as investments in the science and technology industry are guaranteed to never fall out of trend. On the other hand, health tech or telemedicine includes robotics and AI for surgery and rehabilitation, the development of new drugs, and wearable trackers that can track blood pressure and glucose levels. Health tech helps both patients and professionals alike by providing health services and upgrades to existing technology.
SaaS
With many working from home, software as a service (SaaS) has become every worker’s go-to tool and program for working. While the most well-known and used brands such as Google and Microsoft can’t be beat, SaaS startups are still betting a lot of money on their own success. Given its accessibility, cost-effectiveness, and the productivity it offers, SaaS sees consistent use even outside of the work industry, such as in education and other creative pursuits.
One good thing about SaaS is its versatility and the sheer number of available types of software, from digital art programs to productivity tools. It’s no wonder then that it’s been on a steady increase in recent years and doesn’t look to be fading anytime soon.
Streaming Services
With everyone stuck at home, streaming services where people can access their favorite shows and movies in one place have become the world’s way of connecting. The time of cable TV has truly reached its end as more and more shows and movies are now being made that are tailored directly for streaming services rather than theaters or live audiences. Investors would be wise to take advantage of what current popular streaming services, such as Netflix and Hulu, lack and invest in a streaming service with a wider reach, target audience, and variety of programs.
Transport and Travel
As soon as this pandemic passes, the first thing on everyone’s minds is probably where they should travel next. Consumers can now talk with a travel agent or book a plane right from their own phone. Rideshare apps like Uber are some of the most commonly used service apps that can generate a steady and rapid income almost every day. As everyone is undoubtedly eager to travel to their dream destinations in the near future, travel and transport apps can make for a ripe investment.
Conclusion
With the way the world is changing, technology has no choice but to adapt to it. Today, tech businesses are constantly innovating to make life easier for everyone as the world recovers from a pandemic. Indeed, now more than ever, technology strives to help us ease into this new normal with as much comfort and safety as possible. Investing in these kinds of businesses can bring a high return on investment (ROI) and assure you that you’re investing in a good future.
