Contactless Economy and AIoT Spurred by COVID-19 Pandemic

With reduced contact and gathering during the COVID-19 pandemic, the contactless economy is expected to grow exponentially in the coming years. As a major supplier in the global ICT sector, Taiwan can offer comprehensive smart AIoT solutions for both businesses and individuals amid the global crisis.

Currently, with over 210,000 people in the world diagnosed with COVID-19, many countries have declared the situation a national emergency and enforced border lockdowns.

Such volatility has shocked global financial and stock markets, and mounting signs of global economic contraction looks to plunge the world into a recession. Analysts have cut global growth forecasts for the year, attributing to the apparent shutdown of global economic activities in the first quarter.

While numerous businesses have been affected, the drastic lockdown measures taken by governments around the world to curb the pandemic have accelerated the growth of tele-business that offer remote and contactless services. Up surges in business have been observed in areas including telemedicine, online courses, video conferencing, remote working applications, e-commerce and smart automated solutions.

In ushering in the contactless economy, it becomes crucial for businesses to deepen their digital transformation and adopt a new tele-business model. Research indicated the global AIoT market will grow from US$5.1 billion in 2019 to US$16.2 billion in 2024.

*** COMPUTEX, one of the global leading ICT shows, to take place in Taiwan, will focus on AI & IoT trends, alongside with 5G, Edge Computing, Innovations & Startups, Gaming, and Cybersecurity. With the evolving situation, technology plays a vital role in helping to contain the Coronavirus and help us continue to live a normal and healthy life during this difficult time. For more show info or what COMPUTEX exhibitors can offer, check out the official website:

http://www.ComputexTaipei.com.tw

*** TAITRONICS & AIoT Taiwan- a complete set of tradeshows to showcase the latest AI and the IoT applications for businesses, featuring complete ecosystem that include key components, system integration, security and smart solutions for businesses in a contactless economy. See more at: https://www.taitronics.tw

https://www.aiottaiwan.com

*** COMTECH Myanmar & India- a brand-new series of trade shows focusing on ICT related technology will take place in Yangon from Sept.11 to 12 and Mumbai form Sept. 29 to Oct. 1. The shows highlight on network connectivity, IoT, gaming products, E-government and smart city solutions, and contactless services tailored to the Burmese and Indian markets that are going through detail transformation. See more at: https://myanmar.comtechexpo.com/ & https://india.comtechexpo.com/

***As of today, March 19, the COVID-19 outbreak has resulted in more than 210,000 confirmed cases worldwide, distributed in 146 countries / regions. As of writing, a total of 108 confirmed cases were reported in Taiwan, with 1 deceased, 26 released from isolation, and the remainder hospitalized in stable condition.

See the latest update: https://www.cdc.gov.tw/En

***The Central Epidemic Command Center (CECC) in Taiwan announced that starting from March 19, entry of all foreign nationals will not be allowed unless documents of granted entry are provided and that inbound travelers will be subject to a 14-day period of home quarantine after entering Taiwan.