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COVID-19: Impact On Business And How AI Can Help

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Artur Serdiuk
Marketing Manager

A big fan of sports and marketing data.

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The world is overwhelmed. Viruses want to rule the world. Six months ago, an ordinary citizen knew nothing about the coronavirus, and now it’s one of the most contagious diseases that hit our planet Earth in decades. Starting its deadly tour from China, the virus instantly spread to Europe.

It already has over 3,600 lives and over 186,000 infected. The war of viruses and humanity is constant, but today there can only be one winner. Humanity must mobilize, gather all scientific potential and fight back against the invisible enemy under the name of coronavirus. Governments of all countries, cities and even small towns, health care organizations, medical institutions and even minor medical centres are trying to curb the spread of coronavirus, they need all possible help, but most importantly they need a breakthrough.

Who or what could be such a breakthrough? Our opinion is artificial intelligence. Its time has come to serve humanity. Track outbreaks, diagnose patients, disinfect vehicles, stores, pharmacies. And most importantly, speeding up the search for a cure for COVID-19.

Briefly on the world situation

After the devastating impact of COVID-19 became evident in Hubei Province, China took unprecedented measures in ten days – building hospitals, imposing “blockades” on nearly 60 million people and significant restrictions on hundreds of millions of others and using broad surveillance to enforce compliance – to combat proliferation. These measures have been successful in rapidly reducing transmission, even as the economy has been restarted.

Progressive control through effective use of best practices in public health. During the first two weeks after the outbreak, South Korea experienced a rapid increase in the number of cases, from about 100 cases on February 19 to more than 1,000 new cases on March 16. Since then, the number of new cases has been steadily declining, although not as sharply as in China. Those have been achieved through the strict application of classical public health tools that often integrate technology. 

The epicentre of infection in Europe remains Italy. The total number of deaths has thus increased to 2503. The total number of infected people, including deaths and recoveries, has reached 31,506. 

Recall that in Montenegro, the first two cases of coronavirus were confirmed. This is the last European country, where COVID-19 was recorded.

The impact of coronavirus on business

Since China’s Coronavirus epidemic began in Wuhan at the end of last year, world trade volumes have dropped markedly as factory closures destroy supply chains, worried tourists and business travellers refuse to fly, and consumers stop going to restaurants, shops and movies. Hundreds of companies have issued warnings that the virus epidemic could affect their financial results this year.

Recently, Saudi Arabia, the world’s largest oil exporter, cut prices to 30 years ago. Thirteen OPEC members and non-cartel exporting countries met on March 6 to discuss how to respond to the decline in energy demand caused by the coronavirus epidemic. For example, when airlines do not have passengers, airplanes do not need fuel and oil companies do not receive revenue from some of the largest customers. All this has caused oil quotations to collapse from $45 per barrel to $31 due to a sudden supply shock.

Ukraine and the world are in a difficult economic situation. Crisis always happens through unpredictable factors; now, it is a coronavirus. That is the first time when the world crisis will be caused not by financial considerations, but by industrial and service ones. 

In order not to be overwhelmed by panic, now is the time to confirm your plans in case of unforeseen circumstances and to move home, working at the highest level to ensure business continuity. Do you still have the right structure in place to provide flexible working?

One way to implement flexibility is to use the software in the cloud that allows your team to work anytime, anywhere and on any device. As long as they have an internet connection, your employees can do what they need to do to keep things running smoothly.

There are also outsourcing services. They equally strengthen a fast and smooth business.

How can artificial intelligence help fight the coronavirus?

China’s epidemic is already in decline. A country with its communist system, impeccable discipline and full scientific potential is taking over the coronavirus. At the very beginning of the epidemic of the new coronavirus COVID-19, China successfully used superbrain, artificial intelligence. What do you have to learn?

First, to identify hot spots of infection. The artificial intelligence of the Canadian BlueDot startup is working on predicting disease risks. They were the first to detect a coronavirus outbreak in China back in December 2019. 

Second, to fight the coronavirus. One of the symptoms of the new coronavirus is fever and high pressure. Artificial intelligence development can measure pressure with the help of a selfie video taken on a smartphone camera. A fascinating invention is the helmets that are tested by Chinese police. The helmets are equipped with thermal imaging cameras that can measure a person’s temperature at a distance of five meters. When a person’s temperature is detected to be above normal, the helmet beeps. Ultrasound can detect disease in a few seconds in lung shots.

Hundreds of hospitals in China already use a coronavirus diagnostic program based on artificial intelligence created by Chinese giant Alibaba. Within 20 seconds, it can detect coronavirus to within 96 per cent accuracy.

The Israeli startup RADLogics is also successfully working in this area. Not only does the program diagnose the disease, but it can also track its course.

The third is “saving the drowning hands, the drowning hands themselves”. How do you fight the coronavirus?

To create an antibody of coronavirus, you need to study its structure and behaviour thoroughly. Google DeepMind used its latest artificial intelligence algorithms to study proteins that may be associated with COVID-19. 

Known as BenevolentAI, using artificial intelligence, has already challenged the most severe diseases. After an outbreak of coronavirus in China, the company set up its system to analyze the situation and select drugs to combat coronavirus.

Everybody understands that the count is even for hours and seconds. The speed at which systems can simulate solutions will help develop the vaccine much faster. Large companies such as Tencent, DiDi and Huawei are giving researchers their cloud computing resources and supercomputers.

They can turn to machines and the home. Because they can treat the sick, care for the sick. They’re not afraid of the human virus. Artificial intelligence is your time to protect the CREATOR.

We sincerely hope to win the fight against coronavirus! In the meantime, wash your hands with soap and stay home! Stay safe and healthy! 

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