Our country is planning to partially reopen soon, and while this is exciting, there is still work to be done. Testing still needs to be perfected, a vaccine is still in the works, and our economy has an extreme amount of recovering to do. Economists are not worried about how the economy will bounce back because we are not in a Great Depression scenario.

They are predicting, as of now, that once people get back to work our economy should return to normal. This is fantastic news, but work has to be done for the economy to go back to its high levels. Information technology can play a huge part in making this happen. 

What happened to the economy?

For the immediate effects of the coronavirus pandemic on the economy, economists are not very optimistic. This has to do with the attitude of employers, employees, and customers alike. Until there is a cure, everyone will be more cautious about how they operate in their daily lives. This included businesses that are reopening.

Employers may not bring everyone back, employees may not be willing to come back to work, and customers will be cautious about what they purchase and from where. Many small businesses will not recover from this or will see lasting wounds that will take much longer to heal. With all of this happening, the economy could take years to recover. A cure or working treatment can change the attitude. This can lead to a quicker turnaround for the United States economy can potentially happen much faster. Until all of this happens and our country tries to reopen, what can information technology do to help? 

How IT plays a part

Information technology can play a huge part in helping businesses open up successfully which will in turn help the economy in a huge way. Employees will slowly be integrated back into normal life at work. IT can make a huge impact on making this transition much safer.

Certain companies are already using and developing software to track who interacts with whom inside and outside of the company. This is an easy way to integrate contact tracing. If someone is to come into contact with the virus an alert can be sent out. From then, the potentially infected person can be isolated from the rest of the company. From this data, companies will also be able to identify who should be isolated immediately and who should not. This will maximize safety within the company and help to stop the spread of infection. 

Another simple IT tool helping companies get back on track and contributing to the GDP of the US economy is a scheduling management system. These systems will easily help managers track what people are in the same areas and at what time. The scheduling tool and the interaction tracking software will make sure employers know exactly who is where and when. So, if a case of coronavirus happens within the company, immediate action can be taken to stop the spread.

With more and more companies using this data, the more we can learn about the virus. Data is still being collected at a rapid pace every day, and the more information we have, the safer people will be. Contributing to the knowledge about the virus as well as keeping track of who has come into contact with whom, can help save lives.

Data can even be analyzed to see if there is a pattern for what type of contact and how long people are in contact to see what action is the safest or most likely to result in contracting the virus. With IT playing a big role now, it will be used forever in helping with medical issues such as the pandemic we are living in now.

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Data analytics is becoming a more integral part of the business world in all aspects. From a financial side, analytics can tell a business how they are doing compared to their competition through accessible data. It can also predict financial situations based on a vast number of scenarios laid out for the software to analyze. From a marketing perspective, analytics allow advertisers to see what tactics and strategies are performing well with certain demos, audiences, etc. 

But what can data analytics do in an information technology setting? It can help IT companies understand trends involving operations and make decisions to make their services optimal to all of their clients. Until recently, analytics were being used after the fact. The software would come to conclusions about the future based on historical data. Now the computing power exists for real-time analytics to better understand what is going on and how to better serve each and every one of us. 

How is Data being used?

Data is constantly being collected and analyzed through systems and finding hidden patterns, correlations and other insights to make your business better. With the use of Big Data, companies are learning every day how to improve. They can cut costs, make better, faster decisions, and develop new products and services that their businesses are equipped for. This can lead to a better world where goods and services are cheaper and businesses are running at an optimal pace. Here are the ways data analytics is helping the information technology industry to perform at its best. 

Applications

Analytics can give IT companies insights on how to provide efficient, trouble-free services and operations to assist businesses. One big innovation from this is the cloud service industry. Having multiple people working together on the same app or even the same project from different locations at the same time is a direct result of using analytics to improve the IT industry.

Another way analytics can help business applications is through website traffic. This can predict when too much traffic will be brought to a website, maybe for a special limited edition release of a new product or during the holiday season when people are constantly online shopping. Knowing when these high traffic times will occur can give companies a head start on preparing for it and the analytical tools can even give suggestions on how to help prevent crashing or a severe slow down on a website. 

Security

Cyber security is something information technology companies are constantly working on. Providing a secure network is one of the cornerstones of good IT service and analytics can help with this. Based on historical data, the software can differentiate unusual behavior from normal behavior. When unusual behavior occurs, the software can send an alert to administrators, managers, and business owners so they can act fast to solve the problem if there is a security breach. 

Real-time analytics can also help with cybersecurity. If the software is constantly tracking what is happening, real-time alerts can be sent to whomever needs to be notified. Real-time analytics and historical data can both be stored and analyzed in the same place which allows for a smarter security detection and prevention system for your network. This industry is constantly evolving because cyber hackers are always finding new ways to try to breach your information. With a constantly improving security system, your business will get better cyber security as well. 

Load Management

One concern businesses have with any form of data analytics is how much can the software actually handle? And this is a valid concern. The software will constantly be taking in new information and coming to conclusions based off of the collected data. This is a lot to process, not only in our minds, but for the software itself. Modern analytical tools have this covered.

They can serve thousands of analytical problems per second, making them an optimal solution to all analytical needs. Today, businesses should not have to worry about load management in an analytical sense because the computing power is there. The software is constantly evolving, updating, and becoming better for your business. Data analytics is not something of the future. Businesses are getting ahead of their competitors by using these tools now, so take advantage of the tools at your disposal. Using analytics with IT solutions will make your business smarter and better.