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COVID-19 is not just a public health emergency—it is causing economic turmoil, travel bans, and forcing full government-mandated lockdowns. These obstacles make running global businesses challenging or nearly impossible, as millions of companies around the world shut down in an attempt to control the spread of the virus.
The uniform and high-speed digitization has had an instantaneous effect on various sectors, such as healthcare, insurance, education, retail, and food delivery, making us rely on core and fringe technologies more than ever. Government spending in the Middle East signals that they wish to be at the helm of AI technology.
When the pandemic began in Q1 2020, many low-wage workers —such as those in restaurants, retail stores, hotels, and movie theaters—were the first to lose their jobs. Their time away from work provided them an opportunity to re-evaluate their quality of life, career paths, and future.
Ultimately, they thought they could better serve customers – particularly in retail and business — by leveraging technologies underpinned by the emergence of cloud computing and the high rates of mobile phone use. This was coupled with a receptive customer base seeking user-friendly, innovative, and speedier ways of managing their money.
Retail sales rose significantly in January, with the U.S. increase in retail sales in January. Experts attribute the better-than-expected growth to government stimulus initiatives , such as the $600 direct payment to consumers and extended unemployment benefits. . Census Bureau reporting a 5.3% increase in activity.
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