IT is now one of the most advanced and rapidly rising industries in the world. Since 2020, the coronavirus pandemic has been the driving force behind global developments. It’s no different in the IT world. Sergey Kartashov (Sergejs Kartasovs) gave us a bit of insider information about what happened to the IT world in regard to investing.
Throughout 86 percent of IT organisations around the world have converted to remote working since most governments implemented lockdown. Many other businesses have also gone “online” in the past months. Sergey Kartashov, CEO of Generation Partners, a Cypriot asset management firm, spoke to us about IT directions that have become more significant as a result of global developments.
Safety Is the Top Priority
Cybersecurity is currently one of the most important IT industries. According to studies, more than 40% of organisations experienced a major spike in cyberattacks when employees shifted to remote working.
According to Sergey Kartashov, cybersecurity specialists are now in demand. It means that investors expect it to develop fast and dynamically. The market demand is so big now that even the largest companies cannot cope with it. That is why investors expect a lot of new companies to appear that would be able to cover that demand.
Foundation and Cloud Storage
The epidemic has hastened the digitalization of businesses, organisations, and entire countries. Software as a service (SaaS) and investing in dispersed cloud data centres are becoming increasingly popular. A new trend of providing software, a data center, and an information processing center may hint a company what direction should be prioritized. These services are in demand since they help reduce operating costs, speed up the process of working, and even save on rent and energy consumption.
AI And Robotics
According to a research by Stanford University, investments in AI-based technologies would increase by 40% to $67.9 billion by 2020. It received around 60% of its funding from private sources, totaling more than $40 billion. Companies that make medical devices, self-driving vehicles, and educational items have raised the majority of the funds.
According to Sergey Kartashov, almost every key IT area uses Artificial Intelligence and Machine Learning now. They are used for big data and entertainment purposes. Apart from that, AI can help with fighting against coronavirus as IT specialists use AI for creating diagnostic consultations and monitoring compliance with quarantine regulations for people who must stay isolated.
Benefits and Entertainment
The three elements can be combined to form a single functioning group: the gaming sector, video technologies, and home service firms.
“I think everyone noticed that since the beginning of the pandemic and quarantine restrictions on visiting catering establishments, numerous home delivery services began to emerge. And if you add to this the fact that almost half of business leaders expect that a significant part of the staff will remain working from home even after the quarantine restrictions are lifted, it becomes obvious that investing in this industry is more than feasible. The pandemic, of course, will end sooner or later, but the world will never be the same”, Sergey Kartashov concludes.
Sergey Kartashov studied at the Riga Business School after graduating from the University of Malta with a degree in Science and Computer Engineering. He holds a full-time MBA and has worked in the banking industry for over ten years, serving significant corporate clients from England and Eastern Europe. Sergey Kartashov has been involved in asset management and corporate knowledge for investment for the previous six years. He specialises in video technology and IT ecosystem startups.