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- by Admin
- November 25, 2020
Investments in tech giants during Covid19: Good or bad
UK is in a strong position when it comes to technology sector with various other sectors being hit during pandemic.Innovative products are being developed across the country and businesses have high chances of good returns.
More investments in technology industry are however needed to ensure their survival and commercialisation of more innovations. With that picture at front, NoorCo capital aims at providing safest option for your money to grow in a global recession.
Are people investing?
Covid-19 has led to the biggest ever appearance of high quality investments in technology. In the face of worldwide disruption of physical space, companies are reported to have spent around $15 billion extra a week on technology during the pandemic’s first wave. Most of this technology investment was spent on providing safe and secure home working during Covid-19, according to the 2020 Harvey Nash/KPMG CIO Survey.
There is worldwide adoption of artificial intelligence, machine learning, Blockchain technology and automation services. About a half of leaders in technology were active in this adoption and it has led to a permanent build up of digital space.
On the safe side !
However it is vital to spread the risk as we cannot be quite certain about the situation once economy began to recover. Responsible financial advisor will always ask Investors to spread risk even further by only holding a small number of technology investments as part of a wider portfolio.
Investment is a safety weapon to fight with life's struggle.Noorul Arfeen- CEO at NoorCo Capital
What to expect !
With rising technology penetration, security risk will be more. It will eventually lead to more innovations with better security options. This situation is in itself an assurance to invest comfortably in technology sector.One more positive sign is provided by skill and talent. While skills shortage were rampant, talents in tech have remained high.
The British Business Bank has initially approved 53 convertible loans, with a value of £55.9m. Government is backing companies and technologies that invest in innovative solutions and to help country step out of pandemic depression.
