Artificial Intelligence-based predictive modelling is emerging as a powerful weapon in humanity’s fight against disease outbreaks. As the COVID-19 pandemic grows, KPMG in India is developing machine-learning models to predict the severity of the outbreak and identify at-risk populations across the country by state and eventually, by district.
The Covid-19 pandemic is changing the way we live, work, and use technology. As the world adjusts to its new normal, business leaders need to rethink strategies to drive resilience and emerge from this crisis stronger.
While the virus outbreak has swept across the world prompting lockdowns and a sharp drop in economic activity, some companies have better adjusted to and even embraced the ‘new normal’. The need of the hour is to rethink delivery models, taking advantage of the increasing maturity of technology platforms as well as the availability of robust cloud, mobility and collaboration applications.
The effects of India’s 21-day lockdown are reverberating, with varying degrees of severity, across all the sectors of the Indian economy. As the world prepares for the ‘new normal’ after COVID-19, every stakeholder, from the government to promoters, corporates, and bankers, needs to take action to adapt.
Like all other aspects of a company’s operations, financial reporting for the period ended 31 March 2020 will be significantly impacted by the global fallout from the COVID-19 pandemic. At a fundamental level, for certain companies, the current situation casts significant doubt on their ability to continue as a going concern, particularly if large debt repayments are due within the next 12 months.