Four tech trends that will define the year of recovery in 2021

WITH a black swan event like the Covid-19 pandemic sweeping across the globe this year, few would have accurately predicted the changes that are taking place in many nations and economies today.

Following years of sustained growth, 2020 will be the year where we see a steep drop in gross domestic product (GDP) growth for the Asia-Pacific, with the economy predicted to contract by 2.2 per cent. Nonetheless, there is a silver lining in the clouds. The International Monetary Fund has projected a better-than-expected GDP growth for 2021, with the region's economy poised to grow by 6.9 per cent next year.

In order for businesses and nations to position themselves for recovery, technology and innovation will be key in helping us navigate the new challenges brought upon by the pandemic. I see four technology trends shaping the road to recovery for businesses and nations that will also play a significant role in shaping our society in 2021.