Why Now is a Good Time to Invest in the Tech Industry

So much has changed in a short space of time. Coronavirus first appeared in China at the beginning of the year, and less than six months later the whole world is in its grip. Three months ago, companies could operate normally; now, we’re all having to work remotely and could be doing so for a considerable amount of the foreseeable future. As such, we’re having to rely more than ever before on technology. So, if you’re an investor, now is an excellent time to put capital into this industry. And here’s why:

       1. Pioneer of the Pandemic

As mentioned before, the coronavirus outbreak has forced the majority of the workforce to operate remotely and thereby rely more on technology. Though the global pandemic is undoubtedly a calamity, it is bringing people together and inspiring collaboration and innovation. Therefore, the tech industry is one of the leading forces in conquering this pandemic – whether that be through creating new software to help people communicate digitally or by building equipment such as ventilators to ease the strain on healthcare services. Thus, if you’re looking to make a positive impact, then investing in the tech industry now is the way to go. Follow in the example of UK-based investor Tej Kohli and others who have used their capital to do something good.

       2. Profit

This point might seem a little cynical, but in these unprecedented times we still need to survive. You can invest in the tech industry if you want to be a humanitarian, but you can also do so if you’d like to make a profit. For the reasons above, the industry is currently booming, meaning you’re far more likely to gain traction with your investments. Moreover, other industries will be suffering because of the pandemic, so this could be a way to safeguard your finances whilst waiting for the storm to pass.

       3. The Digital Age

It’s not just coronavirus that makes now a good time to invest in the tech industry. We’ve recently entered a digital age where technology is at the frontline of all operations, meaning it was already a prosperous industry for potential investors. There are so many burgeoning businesses creating software for all aspects of life, you’re spoilt for choice. For example, we’re advancing into remote learning for schools and universities, so webinar software is in high demand. Telehealth is also rapidly growing in popularity. There are plenty of companies specialising in digital healthcare that are worth putting money into now, as they’ll be incredibly popular and valuable in the months to come. Moreover, the tech industry isn’t going to die any time soon. Invest your capital now and you’ll be earning profit for years and years to come.

Therefore, the benefits of investing in the tech industry in today’s climate are obvious. You can make a significant difference by contributing funding to technology which can save lives, whilst also bringing in a massive amount of profit from the most prosperous and innovative industry in the world.

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Source: The Financial

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