Article for SiliconANGLE By Jason Bloomberg
Until it runs its course, the coronavirus’ impact on human life is difficult to predict. But the impact on the business world is even more opaque.
Gaining insight into the future is such a challenge largely because this virus is entirely unprecedented. True, the stock market is down and we’re likely entering a recession. But this downturn is unlike any we’ve seen before in our lifetimes. It is not following the normal business cycle pattern.
The only comparison to the current situation that comes even close – the “Spanish” flu of 1918 – is a poor example to follow, because the world was so different a century ago. (I put “Spanish” in quotes because it had nothing to do with Spain. The appellation is nothing more than an unfortunate reminder of the xenophobia of the time.)
Of all the differences between our world and 1918, perhaps the most important is the role of digital – and information technology generally.