How are governments and private sectors enhancing the transition to the implementation of IoT, are policies/regulations imposed by governments steering towards a positive growth and how does the pandemic affect this development especially in Costa Rica as a case.
Dear Tom Okot,
I can answer your question on the example of the country in which I operate. Well, since the SARS-CoV-2 (Covid-19) coronavirus pandemic caused a decline in economic activity in many sectors of the economy, the state has launched public financial aid for economic entities operating in many different industries and sectors of the economy. Public aid offered to enterprises under the so-called The Anti-Crisis Shields were directed not only to those service companies that were subject to the lockdown, but also to manufacturing companies, construction, transport, media and other companies, i.e. also those for whom the Coronavirus pandemic turned out to be also or mainly a development opportunity. Many manufacturing companies have used this public financial aid to carry out development restructuring processes, including investments in modern Internet of Things (IoT) and other Industry 4.0 technologies. In this way, many production companies, as well as trade, technology and service companies have modernized their business processes, gently passes through the current economic crisis and increases their effectiveness of business processes, which may also mean increasing adaptation to new, changing conditions of the economic environment , competitive, market, pandemic, etc. and increasing the resilience to possible further crises that may and probably will arise in the future.
Thank you, Greetings, Have a nice day, Stay healthy!
Dariusz Prokopowicz
I think they are, just like any other country is trying to rip the IoT enormous benefits such as ubiquity.
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