Impact of COVID-19 on Data Center Accelerators in the Information and Communication Technology Industry
ANALYSIS ON IMPACT OF COVID-19 ON THE MARKET
The spread of COVID-19 has entirely changed people's life. COVID-19 which was originated in the city of Wuhan, China, in 2019 and had been continuously spreading all over the world since then. It has been spread to more than 180, and the U.S. tops the list, followed by India, Brazil, France, Turkey, among others. As of 10 August 2021, WHO reported 204.21 million positive cases worldwide, of which 4.31 million patient has lost their life to the virus. On a positive note, 183.39 million patients have recovered, and 4.46 billion doses have been administrated globally. The pandemic has put the lockdown, travel ban, and business shutdown in most of the countries, which has highly impacted the global economy. All the major industries are facing serious disruption such as a break in the supply chain, shut down of offices and manufacturing units, and many more due to the pandemic.
However, the demand for cloud-based services and the use of Artificial intelligence has increased tremendously. The burgeoning application of A.I. in different sectors like automobile, consumer electronics, medical, education, and others have enhanced consumer perception and expectations from A.I. technologies. Also, for cloud server inference applications, numerous FPGAs are being developed to perform different tasks such as enhancing security and fast computing.
IMPACT ON DEMAND AND SUPPLY CHAIN
The manufacturing sector is enhancing its manufacturing processes by using A.I., IoT, and blockchain technologies. With the help of these technologies, companies are cutting costs, increase their process efficiency, and reduce human contact. A.I. is also used for predictive maintenance and will further be implemented to forecast demand and returns in the supply chain. Also, educational firms have deployed A.I. tools to enhance online learning and virtual classroom experience for students. As the use of data centers is increasing, its demand in the market is also growing. To cater to this rising demand, the companies are coming forward with new modern data center solutions in the market.