Khan Muhammad Saqiful Alam

We live in the age of data. Today, as I write this article nearing midnight, almost 2.5 quintillion bytes of data have been generated globally.

Now that 2020 is over, it has become clear that things will not go back to how they used to be. Rather we will gravitate towards a new normal. And in this new normal technology will play a major role in every facet of our lives. Even the way companies operate will be impacted by technology. In this article, I will try to highlight and explain the key changes that technology will bring in how we do business.

One noticeable change during this Covid-19 pandemic has been the shift of consumer behaviour.

We have almost reached the last quarter of 2020, a year which has been unlike any other. It started with a virus scare from China in January, which became the reality for Singapore and Korea in February, and then by March, it was spreading so quickly that the WHO ended up declaring it as a pandemic.

The decade starting from 2010 and ending with 2019 saw the emergence of the growth-through-startup model.

One very interesting observation of the last decade is how drastically the image of an entrepreneur has changed.

Based on World Economic Forum's (WEF) Inclusive Development Index-2018, Bangladesh ranks 34th, close to China (26th), and ahead of Pakistan (47th) and India (62nd), as of January 22, 2018 (when the IDI was published). One of the major contributors to this growth has been the growth of the start-up arena in Bangladesh.