All the charts (click on any to view enlarged) come from an article in the The Information from various different sources: 12 Charts That Show How Tech Took Off During a Year of Shutdowns. The full article requires a subscription but I can share access to The Information with 5 friends or colleagues completely free for 30 days – contact me if interested. It’s well worth it as they do a thorough breakdown of each chart and they are an excellent news source besides.
Here is my super slimmed down, sense-making take on all this, in a nutshell (enough of the superlatives already):
Saying that tech has benefitted from the pandemic sounds like a statement from the department of the bleedin’ obvious. Of course it has and for many obvious reasons. One of them is that technology aids remote work especially technology that is purpose built for it, like collaboration software that supports asynchronous work. Other times, its just that companies that have digitised processes really well stand to benefit – like ride hailing (which didn’t necessarily benefit from the pandemic but have prospered nevertheless) and food delivery (which did).
I’m surprised gaming was not included because that is another huge beneficiary. Other than home working, its probably the biggest reason for the spike in bandwidth.
The jobs dive and start-up formation are more than likely directly correlated. Indirectly too, the move to life online and emptier offices. The general investment, valuations and listings frenzy is probably all down to opportunists or investors wanting to cash in – who knows what happens when the real effects of the pandemic are felt 😬