E-Business

3 Opportunities Covid-19 Created for the Internet Industry

Published

4 years ago

November 4, 2020

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The Internet is one of the industries that felt the pandemic’s effect in full-force, as it had to withstand the sudden surge of users to the online space.

3 Opportunities Covid-19 Created for the Internet Industry

Photo credit: Pexels

That said, alongside the difficulties it posed, the unforeseen circumstances have simultaneously paved the way for increased network security, accelerated IoT adaptability in supply chains, as well as significantly pushed cloud adoption across a multitude of sectors.

Vincentas Grinius, CEO at IPXO, and Žilvinas Vaičkus, head of Infrastructure at IPXO, have elaborated on these prospects and how they will continue to shape the industry.

Security patch-up

The pandemic brought along a staggering wave of cyber threats: spikes in e-mail and phishing scams, a 400 percent jump in RDP (remote desktop protocol) attacks, personal account hacking, and re-selling via the dark web, and others.

While this undoubtedly raised a lot of red-flags as to how novel threats could be mitigated, it also exposed gaps that were previously overlooked or simply deemed non-priority.

This called market players to fortify their security measures, as well as patch up old frailties, for a well-rounded cyber resilience.

“The growing intensity of malware attacks quickly exposed all of the underlying security gaps that have been previously neglected. This was a wake-up call for many, showing that cybersecurity is not one of the things you can compromise on,” said V. Grinius.

“We’ve noticed the surge of attacks too but they were halted in their tracks, as we continuously enhance our safeguards. Now, with more companies re-evaluating and upgrading their security, the network went through sort of a patch-up, which will also help to navigate through the risk landscape going further.”

Ž. Vaičkus noted the situation paved the way for embedding cybersecurity knowledge into the company culture, which will help uphold higher security standard hereafter.

“It has become an ‘all hands on deck’ situation, showing that cybersecurity is not exclusively dependent on chief information security officers, rather the entire team. Especially when the majority of it is working remotely,” said Mr Vaičkus.

“At-home systems usually have fewer security layers, which makes it easier for hackers to breach the company’s network. However, if employees are aware of the most common scams, they usually think twice before opening any documents from suspicious senders, which significantly minimizes external risks to the network.”

Fast-track IoT adoption

In April, disturbances across the global trade supply chains were a clear indication that the world was still trying to understand the true extent of the pandemic and how to adapt to continue business as usual.

With factories idle and the majority of the workforce in lockdowns, minimizing the need for human capital to maintain operations encouraged to step on the gas in terms of IoT integrations.

With near real-time asset management, increased efficiency, and enhanced employee safety, IoT could be key for retailers to succeed in the post-pandemic world.

“Over the past few months the pandemic accelerated IoT integration by at least a year’s worth of progress,” said V. Grinius.

“Looking ahead, the flexibility and efficiency smart supply chains offer will help guarantee a higher-level of reliability and enable to better withstand market volatility, as well as keep employees safe till it all dials down. Without the circumstantial push, we would not have seen such a rapid transformation process.”

Multi-sector cloud adoption

Cloud computing emerged as one of the few lifelines for struggling businesses: some experts say it saved half of the vendors from complete collapse.

It enabled office workers, heavily-reliant on remote system access and video conferencing, to continue work from home.

Retailers, on the other hand, used the technology to deal with the e-commerce boom, as customers turned their heads to online shopping.

Even the healthcare sector embraced cloud solutions to better protect patient data.

“Cloud adoption was already on the rise before COVID-19 hit – but this certainly gave it an extra push,” noted Ž. Vaičkus.

“More importantly, the benefits were recognized across a multitude of different industries, which may not have had cloud integrations in their checklist any time soon. The widespread adoption of cloud will not only help mitigate some of the pandemic pressures but will also fuel faster advancement later on, which is crucial for everyone aiming to thrive post-COVID.”

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Related Topics:COVID-19 IoT IPXO Pexels Vincentas Grinius

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E-Business

Hisense Electronics Unveils Flagship Showroom in Abuja

Published

4 days ago

December 16, 2024

Chike Onwuegbuchi

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By Fabian Tarpael, Abuja

Hisense electronics unveiled a flagship showroom in Abuja over the weekend. Speaking at the event, Mr. Mustapha Khries, the Abuja Branch Manager of the Fouani Group, highlighted the significance of the flagship store, describing it as the first of its kind in the entire West African region.

He also addressed the challenges facing businesses in Nigeria, particularly the high exchange rates and transportation costs.

“The Fouani Group remains resilient and ready to overcome challenges, unlike others who often exit the market when faced with similar issues.”

Ms. Haifa Du, Senior Sales Manager for Hisense Electronics, emphasized the brand’s commitment to affordability and innovation, stating that Hisense offers the most cost-effective and advanced solutions in the market.

The event underscored Hisense’s dedication to technological innovation and sustainability while reaffirming its leadership position in the consumer electronics market.

Mr. Robbin Wei, Senior Sales Manager of Hisense Group, supported by Mr. Greg and Ms. Haifa Du, showcased various innovative products from the new flagship store.

Among the standout products showcased include; The Hisense 110″ Smart Ultra AMOLED TV, featuring unique capabilities such as a solar-powered remote control and a “locate remote” function to find misplaced remotes easily.

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E-Business

PalmPay, Jumia Partner to Launch Integration for Shoppers in Nigeria

Published

1 week ago

December 13, 2024

Chike Onwuegbuchi

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PalmPay, Africa-focused fintech operating Nigeria’s most used mobile wallet, and Jumia, Africa’s e-commerce giant, today announce a strategic partnership to enhance the digital payment ecosystem on the continent, starting with payment integrations and co-marketing efforts in Nigeria.

This partnership underscores both parties’ commitment to developing the digital payment ecosystem in Nigeria and grow the use of the cashless economy.

WIth PalmPay now available as a payment method, shoppers on Jumia will now be able to pay for their purchases with the option to check out with their PalmPay wallet, ensuring a seamless user experience and transaction reliability through the direct integration.

“We are proud to partner with Jumia as we bring together the best of fintech and e-commerce to redefine the online shopping experience,” said Sofia Zab, Chief Marketing Officer, PalmPay. “This strategic alliance aligns perfectly with our shared commitment to delivering a superior user experience and exceptional value to our customers.”

Speaking on the partnership, Sunil Natraj, CEO, Jumia Nigeria added: “At Jumia, we are dedicated to creating value for our customers by ensuring a convenient, reliable, and secure shopping experience.

“This partnership with PalmPay strengthens our commitment to enhancing the digital payments within our platform. By integrating PalmPay, we are providing more options for customers to access affordable and quality goods with the convenience of cashless transactions.”

This alliance marks the beginning of a long-term collaboration between two industry giants, aiming to drive innovation, increase convenience for consumers, and foster the adoption of digital payments across Africa.

To celebrate the launch of the partnership, PalmPay and Jumia are launching a special Christmas campaign, running from December 11th to 30th. During this period, customers who make purchases on Jumia using the PalmPay payment method will stand a chance to win exciting cash rewards. More details can be found on the brands’ respective social media pages. @palmpay_ng and @JumiaNigeria.

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E-Business

Aero Contractors Launches “12 Days of Christmas” Campaign

Published

1 week ago

December 13, 2024

Ugo Onwuaso

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Aero Contractors is thrilled to announce the launch of its “12 Days of Christmas” campaign, a festive and engaging social media initiative designed to spread holiday cheer and reward loyal customers.

Running from December 13 to December 24, 2024, this exciting campaign underscores Aero Contractors’ commitment to connecting families, friends, and communities during the holidays.

The “12 Days of Christmas” campaign invites travel enthusiasts, loyal customers, and holiday travelers to participate in fun and interactive activities on Aero Contractors’ social media platforms, including Instagram, Facebook, and X (formerly Twitter). Each day will feature engaging posts such as trivia, puzzles, and challenges designed to ignite the festive spirit and encourage community participation.

Participants are encouraged to follow Aero Contractors’ social media pages, engage with the daily posts by liking, commenting, or sharing, and follow the specific instructions for each day’s activity.

Winners will be selected daily and announced on the respective platforms. Exciting prizes await participants, with the grand reward of a free return economy class ticket—a perfect gift for reconnecting with loved ones or exploring new destinations this holiday season.

“At Aero Contractors, we believe in the power of togetherness, especially during the holidays,” said Capt. Ado Sanusi, Managing Director of Aero Contractors.

“Our ‘12 Days of Christmas’ campaign is our way of giving back to the community that has supported us throughout the year. It’s an opportunity to engage, celebrate, and reward our customers while spreading joy and festive cheer.”

This campaign targets travel enthusiasts, loyal Aero Contractors customers, and families looking to make the most of the holiday season. Through this initiative, Aero Contractors reaffirms its dedication to safe, reliable, and efficient air travel, bringing people closer when it matters most.

Follow Aero Contractors on Instagram, Facebook, and X to join the “12 Days of Christmas” campaign. Engage daily for a chance to win a free return economy class ticket and other exciting offers.

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