PANDEMIC PROTECTION IS ACCELERATING INVESTMENT TO SUPPORT BUSINESS AND INDUSTRY

Gradually, industry and business have started to re-build and protect themselves from future pandemics and other global challenges.  It   is therefore essential that the world’s economy and industry can future proof themselves through investment and technology.

A recent report by KPMG and HFS Research highlighted how companies and governments need to make smart investments in emerging technologies if they are to prevail against future pandemics.   Sixty five per cent of the nine hundred global executives polled said: “We don’t have a choice or we risk threatening our very existence if we do not invest heavily in emerging technologies.”

Economic forecasters say fallout from Covid-19 is driving huge investment within artificial intelligence (AI) and nanotechnology as healthcare investment is expected to grow at a rate of nearly fifty per cent extra annually,   in a market set to be worth $1.333 trillion by 2027. The acceleration highlights wide recognition that the world cannot afford the human and economic cost of another pandemic. At present, seventy per cent of the global healthcare provision is spent on caring for the last few months of our lives. It is further accepted that the pandemic has shown the inefficiency of the world’s centralised healthcare model and its poor outcomes, with far reaching economic effects and negative impacts on treating cancers, mental health, cardio-vascular conditions and the emerging challenge from long Covid.