The Department of Computer Science and Engineering (CSE), Faculty of Engineering & Technology (FET), Manav Rachna International Institute of Research & Studies (MRIIRS) organized a panel discussion on the topic: Impact of COVID’19 on IT Sector.

The panelists were Mr. Ravi Kant, Chief Information Officer (CIO) for Employer Direct Healthcare, Dallas, Mr. Anshul Sharma (Global head of Equity Derivatives Technology Operations and European head of Equities Tech operations, Citigroup, London), and Mr. Sourabh Gupta (Director of Engineering with McKinsey & Company, Gurgaon, India).

The event was moderated by Mr. Ankur Vashisht (Assistant System Engineer, TCS, Noida, India). The event witnessed 90 participants, including faculty members and students of the CSE department.

Mr. Ravi Kant highlighted the key factors of the IT Sector and a significant impact on the technology sector due to COVID-19, affecting raw materials supply, disrupting the electronics value chain, and causing an inflationary risk on products. More positively, the disruption has caused an acceleration of remote working, and a rapid focus on evaluating and de-risking the end-to-end value chain.

Mr. Anshul Sharma considered this challenging time as an opportunity for a digitally-enabled future of work tools, including those for business and processes, and back-office functions.

Mr. Sourabh Gupta has provided insight into the technology sectors hit by Corona. Organizations around the world have opened their ways and enabling product and service ranges to be as connected as you were.

Mr. Ankur Vashisht concluded that the current trend suggests that the blue-chip stocks have minted money in store for owners who are prudent enough to hang on to them with tenacity through thick & thin.

The impact of COVID-19 on the IT sector is severe; like the blow of a sledgehammer. A wise investment in the technology, tools, and innovation is one of the ways to ride the COVID-19 crisis, safely.