Anthony Moyles says the current global Covid-19 pandemic will change the way businesses operate, with the ways in which we consume sport and entertainment likely to change in the coming years.
The former Meath senior football captain works in a Capital Advisers group, and told Ger and Eoin on OTB AM about how the coronavirus is going to have a significant impact on industry worldwide.
"In my day job a lot of it is analysing risks that may occur, and we tend to looks six to 12 months ahead. The stock market for example has rallied really hard because of all the money that has been pumped into the system over the last four to five weeks.
"I think we're going to just have to learn to really live with this. I think we're going to have to let large parts of society get back out there and work. You can't rely on stimulus all the way - Bewley's aren't going to be the only company boarded up.
"The landscape of business is going to be very different. Technologial advancements in how we consume... not only food and drink but how they consume their sport.
"There's no doubt in my mind that Virtual Reality is going to come into play in the next number of years, that you'll be sitting in your sitting room and if you wanted to watch Real Madrid versus Barcelona you will literally be able to enjoy that as a fan like you were sitting in the Bernabéu.
"You will be able to have all the atmosphere around you, you'll be sitting there drinking your favourite beer or having a cup of coffee, whatever you want to do.
Jan 31, 2019; Atlanta, GA, USA; Los Angeles Rams chief operating officer Kevin Demoff during the LA Stadium and Entertainment District at the Hollywood Park virtual reality experience press conference at the Georgia World Congress Center. The Los Angeles Chargers and the Los Angeles Rams will begin play in the stadium, in 2020. Mandatory Credit: Kirby Lee-USA TODAY Sports/Sipa USA"If you want to enjoy a concert wherever it is it will be virtually streamed into your sitting room. All of these things - there will be pros and cons to this.
"Some businesses are going to absolutely fly it because of this thing, but some businesses are going to fail. In most seismic changes and in most recessions or depressions, what happens is there is a sesimic shift in something to do with industry.
"Things are going to change. Are you going to have 400 people sitting in an office in Stephen's Green anymore? Maybe not, you might only have 50 to 100, and 200 people working from home.
"Is education going to change? Are people going to be sending their kids to school if the coronavirus lasts for the next four to five years, or will you have much more tutelage at home?
"We have to really start thinking about how we're going to live with this."
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