The Role of Technology in COVID-19 PandemicManagement and Its Financial Impact

School of Finance, Shanghai Lixin University of Accounting and Finance, Shanghai, China Department of Statistics, Yazd University, P.O. Box 89175-741, Yazd, Iran Department of Statistics, Bahauddin Zakariya University, Multan, Pakistan Department of Mathematics, Faculty of Science, Helwan University, Helwan, Egypt Department of Statistics, Faculty of Science, University of Tabuk, Tabuk, Saudi Arabia Department of Mathematics, Faculty of Education, Ain Shams University, Cairo 11341, Egypt


Introduction
An old Luganda proverb, "Kaami katono okanyoomera mitala wa mugga," means even a minor thing can have an adverse consequence, if it is not handled in the right way. e current crisis of COVID-19 illustrates the true sense of the above proverb. According to the World Health Organization (WHO), the COVID-19 epidemic has resulted in 162,773,940 confirmed cases and 3,375,573 deaths as of May 18, 2021; see [1]. e "coronavirus" metamorphosis was biologically challenging to study, causing public concern based on early historical pandemics that claimed people's lives. Contagions caused by coronaviruses may increase the likelihood of mutation, which may lead to the development of new virus variant, such as the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), severe acute respiratory syndrome (SARS), and Middle East respiratory syndrome (MERS). SARS-CoV-2 was thought to be the first coronavirus to reach pandemic levels in early March 2020, triggering COVID-19 based on earlier SARS and MERS cases; see [2][3][4][5].
Early 2020, the entire globe was involved in finding the antiviral vaccine for COVID-19 to save the global population while keeping all standard operating procedures (SOPs) such as social distancing and mask-wearing is highly and carefully enforced among elderly and children all over the world; see [5][6][7][8][9][10][11]. As of 4 th January 2021, top pharmaceutical companies such as Pfizer and Moderna confirmed that the current vaccine is 95% effective based on the current raw data; see [12][13][14].
One of the significant effects of the COVID-19 pandemic on the public is potentially paralyzed health systems and economies, mainly in the middle-and lowincome nations. Globally, COVID-19 disease is a problem that needs to be addressed with excellent economic planning and medical strategies. To better understand pandemic outbreak, the response advancement in technologies, advocacy, and mobilization play a crucial role; see [15]. Figure 1 shades an illustration of COVID-19 infection evaluation virologically on the patient who needs an emergency eye surgery when it is scientifically believed that the COVID-19 virus enters human through the eyes, the nose, and the mouth. e present flow chart details potential steps that can be followed in any pandemic or epidemic concerning the general global health responses.
However, the general population adopted all possible ways to resist COVID-19 with standard operating procedure (SOP) requirements, such as social distancing and maskwearing, which are strictly enforced worldwide. e information and technology sector has managed to keep pandemic data up to date. For instance, using social media to promote public health campaigns is very effective. Table 1 demonstrates the worst epidemics in the history of humans; see [16,17].
ere are a few threats involved with the awareness of social media about the COVID-19 pandemic, such as fatalities, pandemic diagnosis, and treatment options like COVID-19 vaccines or COVID-19 medicines given to the patients. All these factors physically and mentally created extra fear and nervousness within the public. is resulted in prevalent chaos, dread buying of home stuff, hoarding of essential commodities by the traders, price increase, violence on the streets, discriminations, conspiracy thinking, etc. [18]. Figure 2 shows counties with high population risks where China and the US are identified. Pandemics and epidemics are considered to be threatening the human race repeatedly. However, large technological companies are working hard to reduce the spread of erroneous information. Google, YouTube, Instagram, and Facebook, for example, have worked tirelessly to direct the public to the most up-todate, verifiable information available through the WHO website; see [19,20].
Fifth-generation connectivity technologies and highspeed Internet with its attendant benefits were launched by convergence technologies such as mobile, cloud, and robots; see [20,21]. Artificial intelligence, in particular, has shown to have an important role in promoting health, indicating inoculation techniques involving sympathetic viral protein structure [22].
Based on the COVID-19 pandemic available growth rate data, it is quite complex to determine whether SOPs have been practiced. e pandemic grows exotically and exponentially at a critical stage which is extreme for human computation to understand and analyze. Such complexities raise technical questions like how can exponential growth deviation be determined? Where does exponential data growth emanate from? What is the possible implication of such data growth? What and when does it stop? How can strategic population planning and management be done in case of a pandemic like COVID-19 in play? Figure 3 illustrates countries with high population risks such as Italy, Sweden, and France, respectively.
Furthermore, it is important to focus on how various countries such as Italy, China, and the United States have dealt with the stress caused by the pandemic outbreak since 2019. Now, the mathematical bottleneck is that it is extremely complex to determine a new trend in exponential distribution, it is important to determine when it is growing to end or otherwise, determine when exponential ends, it simplifies planning and management of pandemic. e rest of this paper is structured as follows: some literature facts about the COVID-19 virus are presented in Section 2. Section 3 presents the COVID-19 pandemic key technology trends. In Section 4, the data visualization model is presented. In Section 5, the effect of the COVID-19 pandemic on finance is explained and well demonstrated. In Section 6, the concluding remarks are given.

Related Literature
In this section, some facts about the COVID-19 are presented.

Anosmia as a Symptom.
Anosmia is the medical terminology for partial or complete loss of smell. Furthermore, symptoms may include high fever, cough, and shortness of breath among the symptoms listed under COVID-19. Anosmia (loss of smell) and worsened sense of taste are the neurological symptoms and one of the most commonly reported indicators of COVID-19 documented by healthcare physicians. For instance, over 29% of the public that has tested positive in South Korea for the COVID-19 virus are said that they have lost smell. Also, every two out of three COVID-19 infected persons noticed some level of anosmia; see detail in [22][23][24].

Babies Getting Seriously Ill.
When compared to the adult population on the COVID-19 ill statistics, children aging one year to 5 years are less likely to become severely affected by COVID-19 if they contact the novel COVID-19, while infants are at higher risk. For example, over 2,143 children in China, approximately 12% of sick infants were critically ill compared to 8% of children aged one year to 5 years [25][26][27].

Nonsymptomatic People Can Spread the Virus.
In February 2020, over 565 people from Japan expatriated from Hubei Province, China, are asymptomatic carriers (who positively tested for COVID-19 virus infection never experienced symptoms of COVID-19 [28][29][30]). Web-based customized applications, such as e-commerce and e-learning sites, provide several strategies for document modeling, knowledge retrieval, and ways to derive information from page content. In such applications, user COVID-19 profiles are typically defined as vectors, with each vector entry representing a weight or degree of interest for each item on the web pages [31,32].

Blood Type A Individuals are More Susceptible.
Early studies showed that over 2,170 people were hospitalized as a result of the COVID-19 pandemic, suggesting that the number of sick people with blood type A was higher than studies would expect based on the proportion of people with blood type A in the general population, as detailed in [33,34].

Role of Technology in COVID-19 Pandemic
In this section, the reflection of technology management during COVID-19 pandemic is presented.

Digital and Contactless Payments.
Cash notes can carry the COVID-19 virus to different destinations once an infected person gets access to it. So, central banks have taken various preventive measures in China, the United States of America, and South Korea to warrant notes that are hygienic before they go within the circulation to evade COVID-19 spread [35]. According to the World Bank, more than 1.7 billion unbanked individuals do not have convenient access  to digital payments. e obtainability of digital payments also depends on the availability of the internet, computers, and a network to turn money into a digital format [36]. In addition, COVID-19 also turned online shopping around the globe. Several delivery restaurants and companies within China and the USA are launching numerous delivery units and services where products are hand-picked and dropped off at a selected position as an alternative human-to-human interaction. Such online purchasing necessitates the use of a robust logistical system [37].

Remote Work.
Cloud technologies and work communication software such as Zoom and Skype allow a person to appear in front of a virtual backdrop while remaining in the privacy of their own home. As a result, there will be less movement and less communal transmission; see [38,39]. In addition to preventing the propagation of COVID-19 infections, remote work saves time and allows for greater flexibility. Employers can choose to cut lease expenses and attract employees from counties with low labor expenses if remote work becomes more popular following the COVID-19 epidemic; see [40][41][42].

Supply Chain.
e COVID-19 has altered the global supply chain dramatically. Distancing and quarantine regulations have forced the closure of several factories. Although food demand and medical and personal protective equipment demand are increasing, certain countries have put varying levels of export bans on these products [41][42][43].

Data Visualization Model (Methodology)
In this section, we will describe the mathematical presentation of the proposed mathematical data visualization model (MDVM) for all countries with exponential data growth, depicting the change in data growth incredibly well.  A graph of total confirmed cases and confirmed cases within the last week of pandemic growth appears for nations with a decline in exponential growth. For the graphical illustration, three factors are considered: (a) using a logarithmic scale; it manages exponential growth evidenced by labeling the graphs, making scaling appropriate; (b) focuses on the change, not fundamentally absolute number. Considering cases in South Korea early this year 24 th of March 2020, the total number of cases first was exponential from ten to forty days and beyond that changed the pattern per the total cases, so without graphing, it is quite hard to notice the change in exponential growth; and (c) plot against time, based on physical timing, to cater for exponential; the graphs are plotted against time.
In this situation, the overall population infected with COVID-19 will be ℏ, and the current growth rate will be θ.
For simplicity, e maximum likelihood approach is used to estimate (1) the prevalence of COVID-19 in the public for various age groups.
Given a public age and the prevalence risk of various age groups, the incidence of COVID-19 with age-specific group where lambda is age and prevalence is alpha is given as follows: where P (λ| α) is the prevalence risk of the age group (i); P (λ i ) is relative to the age group (i) in the general public. Let us consider the α different age group is attained by a logistic function of age λ as To determine the mortality risk of a pandemic, employ a maximum livelihood methodology that is more connected and articulated when estimating illness mortality.
Given that ϕ is the infection, ξ is the mortality rate. erefore, P (ξ, ϕ|λ i ) is the risk of mortality condition on the individual's age and infection state; P (λ i |ϕ, ξ) becomes the age composition of fatal cases of COVID-19 pandemic . We consider that infection happens in all age groups for the general public and therefore express. We further applied the Complexity 5 maximum likelihood approach to attain the mortality risk of COVID-19 for the diverse age groups in public. Moreover, there was an imputation of the mortality rate of the infected people, thus At first, as shown in Figure 4, scaling a thousand and ten thousand appears to be close to each other. Nevertheless, the log-scale on the X-axis makes it necessary to determine SOPs implementation; so, applying linear trends is better to display the pattern of data growth. Second, time is inferred; unlike any other COVID-19 graphing that we have seen, time is not on the Y-axis, which may be configuring error and confusing, but time is shown through animation.
ird, when comparing confirmed cases to infections, the total confirmed subjects are shown rather than the exact number of cases. It is unknown how many COVID-19 positive cases exist; however, the screening test for COVID-19 indicates a trend in the spread of infection. Assuming that the data are accurate, the countries that appear below the graph depicted a usual trend that desired all countries to reduce the pandemic spread and growth. Daily news and reports mainly focus on current data, yet the understanding trend is significant for planning and management. Assuming the data are correct, the countries displayed below the graph show a typical pattern that is desirable for all countries to reduce pandemic transmission and expansion. While daily news and reports primarily focus on current data, understanding trend is critical for planning and management.
Visual representation of the provided data, such as growth rate versus tested cases, reveals some inconsistencies in that set of data. It is also important to note that pandemic such as COVID-19 and others spread more slowly in real life than in the graph, but the data used not only show a number of cases but also a number of tests, causing the confirmed case to grow faster. Because of fundamental data errors in health facilities around the world, the used data are obtained from incomplete data sources. Further, each country is capable of conducting COVID-19 testing facilities differently. e charts for the latest weeks were created by tracking the pattern/trend for a few days, which causes data inconsistency due to daily growth rates; see Figure 5.
Data for every country is computed using a logarithmic scale when existing cases have been plotted against new cases. It has been observed that disease spreading is uncontrolled with exponential growth rate. However, strict application of SOPs may lead to reduction in exponential growth rate. Moreover, results also justify the validity of the proposed model; see Figure 6.

The Effect of COVID-19 on Finance Sector
In this section, we determine the impact of COVID-19 on finance. For this purpose, a case study of the performance of the Pakistani stock market is considered. In this study, we use the data of COVID-19 daily cases and the closing prices of PSX (Pakistan Stock Exchange), 100 indexes of February and March 2021.

Research Methodology.
In this subsection, we discuss the research model which we used to determine the impact of COVID-19 on the performance of the Pakistani stock market. e model of this study can be expressed as where Prices it represents the daily closing price of PSX; β 0 is the intercept of the model; Cases it denotes the COVID-19 daily cases; ϵ it indicates the error term. It is important to note that Prices it is the response variable of the model and it is measured by the daily prices of PSX, and Cases it is the predictor variable of the model and it is measured by the frequency of the COVID-19 daily cases in Pakistan.

Data and Resources.
e data used in this study are obtained from two different sources. e data of the response variable are obtained from the PSX data portals. ese data can be retried from the following link: https://dps. psx.com.pk/monthly-reports. However, the data of the predictor variable is available at https://www.worldometers. info/coronavirus/country/pakistan/.
is behavior of the considered datasets is displayed in Figure 7, and the summary statistics are provided in Table 2.

Regression Analysis.
In this subsection, we consider a linear regression technique to model the relationship between the Prices it (taken as response variables) and Cases it (taken as predictor variables). After applying the regression technique, we observe that β 0 � 46469.1719, interpreted as the predicted stock market price in the absence of COVID-19 influences. e slope (regression coefficient) of the regression model provided in (1) is β 1 � −0.4434, indicating −0.4434 units decrement in the stock market prices. erefore, we conclude that the COVID-19 daily cases have a negative relationship with the stock market prices. us, the fitted regression model is given by e relationship between stock market prices and daily COVID-19 cases is displayed graphically in Figure 8. e plot is presented in Figure 8, indicating a negative relationship between Prices it and Cases it .      8 Complexity e standard errors are very useful in carrying out hypothesis tests on the regression coefficients. In this case, it measures how much the coefficient estimates differ from the average value of Prices it . e standard error also plays a prominent role in calculating the confidence intervals. If the standard errors of the estimates of β 0 and β 1 are sufficiently small, then even small values of the estimates of β 0 and β 1 will provide sufficient evidence against H 0 . Here, we use the t-statistic to measure how far β 0 and β 1 are from zero.

Statistical Testing.
e t-statistic value represents how far (in standard deviations) the coefficient estimate is from zero. A large value of the t-statistic provides evidence against H 0 , indicating that a relationship exists between Prices it and Cases it . e smaller the p value, the greater the likelihood of rejecting H 0 . Generally, a p value of 0.05 is standard cut-off point. After applying the t-test, the numerical results are provided in Table 3.
From the results provided in Table 2, we can see that the p value is less than 0.05 indicating that the values of β 0 and β 1 are not equal to zero. erefore, we reject H 0 and conclude that there is a significant relationship between Prices it and Cases it . e F-test statistic is another prominent tool used to detect the relationship between response and predictor variables. After applying the F-test, we observe that the p value is 0.0004147 and the F-statistic is 14.9. p value less than 0.05 indicates a significant influence of Cases it on Prices it .

Accuracy of the Model Fitting.
e R square R 2 is the most important quantity to measure regression model fit, and its value varies between 0 and 1. It quantifies the linear relationship between predictor and response variables. e value of R 2 is close to 1 representing the better fit and close to 0 representing the poor fit. In our case, the R 2 is 0.2765, which means only 0.2765% of the variation in Prices it is explained by Cases it .

Residuals.
e residual standard error measures the quality of the regression fit. In this study, it represents the difference between the Prices it and the true regression line. e residuals vs fitted plot of the Cases it is presented in Figure 9. From the residuals vs fitted plot provided in Figure 5, the red line is almost lying near the residual value of 0 and is almost horizontal and all the fitted values are scattered around them without a systematic relationship. erefore, we conclude that the residuals are linearly related. e normality of the residual can be detected via two approaches such as normality test and graphical approach. Under the domain of normality test, we perform the Shapiro-Wilk (SW) normality test and Anderson-Darling (AD) normality test to check the normality of the residuals. Under these two tests, the null and alternative hypothesis can be constructed as follows: H 0 � the residuals are normally distributed vs H 1 � the residuals are not normally distributed. After performing the analysis, we observe SW � 0.89199 with p value � 0.0009702 and AD � 1.2203 with p value � 0.003085. As we can see that the p values for both the tests are less than 0.05, therefore, we reject H 0 and conclude that the residuals are not normally distributed. e Q-Q (quantile-quantile) plot, is a graphical approach used to determine whether the data collection is from a specific distribution such as normal, Weibull, or exponential. In fact, a Q-Q plot is a form of the scatter plot created by plotting two sets of quantiles against each other. If both sets of quantiles come from the same distribution, then all the points form a straight line. e Q-Q plot of Prices it is sketched in Figure 9, which shows the residuals are roughly linear related. Henceforth, we conclude that the normality is hardly met on residuals.
To check the independence of residuals, we use the Durbin-Watson (DW) test. Under the DW test, the H 0 and H 1 hypothesis can be constructed as follows: H 0 � the residuals are not linearly related vs H 1 � the residuals are linearly related. After applying the DW test, we observe that DW � 0.8141324 with p value � 0.3622015. As the p value is greater than 0.05, therefore, we fail to reject the H 0 and conclude that the residuals are normally related.
Homoscedasticity is an important assumption in the regression analysis which states that the variance of the residuals is approximately constant for all values of the predictor variables. Violation of this assumption results in a large variance. From the plot scale-location plots provided in Figure 9, we can see that all the residuals are scattered leading to the fact the homoscedasticity met on the residuals.

Influential Observations.
e influential observations play a significant role in statistical analysis. In particular, an influential observation is one whose deletion has a significant effect on the estimates. e traditional cut-off of 4/n is used to identify the influential observations. e numbers   which are crossing Cook's distance line representing the influence observations. A graphical display of the influential observations using the Cook's distance approach is provided in Figure 10.

Concluding Remarks
is paper demonstrated COVID-19's effect on finance and also depicted technical roles in managing the COVID-19 pandemic. e outbreak of COVID-19 has negatively impacted finance and health sectors. In this article, we suggested a mathematical data visualization model that analyzes pandemic data behaviors such as exponential growth and deviations. It is noted that the trends of infected cases, recoveries, and deaths have their assumptions and parameters varying from one regional demographic territory to another. Finally, a regression tool is adopted to see the impact of the COVID-19 pandemic on finance sector. According to the findings of this study, it is observed that the COVID-19 pandemic has negative impact on finance sector.

Data Availability
All the links of the datasets used in this paper are provided within the main body of the manuscript.

Conflicts of Interest
e authors declare that they have no conflicts of interest.