Since the start of the millennium, tech companies have grown dramatically. This is due to most industry sectors embracing the use of technology in day to day activities. Through innovative technology and proud ideas, tech companies have developed unique solutions to address the complex problems in industries such as health, finance, security, and agriculture to mention a few. Also, tech companies have created trending software that is currently dominating in the digital transformation of various companies. Tech companies have been at the forefront of promoting emerging technologies such as artificial intelligence, cloud computing, Blockchain, robotics, and the internet of things which have been used to create efficient tech-oriented solutions.
Besides offering technological solutions, major tech companies also offer other solutions as part of community initiatives. Microsoft, a renowned tech giant, has currently embarked on a mission to solve the common housing problem. The lack of affordable housing has been a significant problem among the people, particularly in Seattle. To solve this problem, the tech giant is offering housing loans with low interests to fund housing projects. The company will fund multiple projects across the country for the next three years. This will in a way help solve the problem of homelessness while also addressing the issue of the continuously rising rental costs. https://www.marketplace.org/2019/01/17/business/big-tech-companies-have-affordable-housing-problem Amazon is the next big tech company that has hugely stepped in to help solve the problems faced in the housing sector. The company through its CEO, have donated close to $1 billion to fund housing projects around Seattle to eliminate poverty and homelessness. Airbnb has also stepped in to offer significant support addressing homelessness in San Francisco. The effort by these companies is highly plausible and a goodwill gesture to the entire community.
In the field of medicine and pharmaceuticals, tech companies have undoubtedly offered major solutions to solve complex health problems. This contribution is not over yet as tech companies have shed some light on the possibility of developing highly innovative solutions to address some of the immense challenges in healthcare. In recent research conducted by PWC, consumers have high confidence in the ability of tech companies to develop solutions that can improve the quality of medical care through improved diagnosis infrastructure and advanced drugs. Through technology, healthcare companies can raise the standards of medical care while reducing costs which would help reshape the entire US healthcare industry. Healthcare industries can rely on technology to cut on costs, manage finance, mitigate risks, improve customer experience, as well as upgrade products and services. https://hitinfrastructure.com/news/new-healthcare-technology-from-tech-firms-could-solve-problems