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Impact of COVID-19 Contagion on Digital Transformation and Economy

Received: 17 November 2020     Accepted: 10 December 2020     Published: 25 December 2020
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Abstract

The novel COVID-19 compelled an unannounced and indefinite holiday in the world with a ripple effect of the global economy downturn. As a result, businesses all over the world have been forced to devise business strategies with minimal negative impact from COVID-19. Since there is no timeline as to when the COVID-19 will end, this paper seeks to empirically examine the COVID-19 impact on the traditional economy vis-a-vis digital transformation paradigm shift in the economy ecosystem leveraging on digital channels. Digital transformation can only be implemented based on the availability of digital channels with developed countries having advantage of readily available infrastructures to accelerate the implementation of digital businesses during the COVID-19 pandemic as compared to growing economies. To this end, two surveys were conducted to ascertain COVID-19 effect on the traditional economy as well as the paradigm shift to digital transformation. The first was the qualitative survey which was analyzed based on Key Research Questions which were transcribed and analyzed from focus group discussion. The second survey establishes the fact gotten from the quantitative survey from Survey Monkey platform. The ggplot2 package in RStudio platform was used for the data visualization using R programming Language enabling the data analysis for a technical evaluation.

Published in American Journal of Science, Engineering and Technology (Volume 5, Issue 4)
DOI 10.11648/j.ajset.20200504.15
Page(s) 145-153
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2020. Published by Science Publishing Group

Keywords

Digital Transformation (DX), Telecommuting, E-Commerce Services, Virtual Events, Internet of Things (IoT), COVID-19, International Telecommunications Union (ITU), 4IR (Industry 4.0), Sustainable Development Goal (SDG)

References
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[3] The ITU News, 5G | Broadband/Network | Infrastructure | Policy/ Regulatory Reform, 2019.
[4] The digital transformation of Mauritius: Q+A with Minister Sawmynaden [online] Available: https://news.itu.int/the-digital-transformation-of-mauritius-qa-with-minister-sawmynaden/ [Accessed April 21, 2020].
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[10] M. Iansiti and G. Richards. ‘Coronavirus Is Widening the Corporate Digital Divide’, 2020. [Online]. Available: https://hbr.org/2020/03/coronavirus-is-widening-the-corporate-digital-divide. [Accessed: 23- Apr- 2020].
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[12] ITU's 2017 ICT Development Index (IDI), 2017. Available: https://www.itu.int/net4/ITU-D/idi/2017/index.html'. [Accessed: 21-April - 2020].
[13] Matt Craven, L. Liu, M. Mysore and M. Wilson, ‘COVID-19: Implications for business’, 2020. [Online]. Available: https://www.aedcr.com/sites/default/files/docs/mckinsey-full_article.pdf.pdf.pdf. [Accessed: 23- Apr- 2020].
[14] The World Bank, The Global Economic Outlook during the COVID-19 Pandemic: A changed world, 2020. Source: https://www.worldbank.org/en/news/feature/2020/06/08/the-global-economic-outlook-during-the-covid-19-pandemic-a-changed-world [Accessed: May 20, 2020].
[15] https://www.surveymonkey.com/r/XT26WJW.
[16] D. Lee. D, “Amazon to deliver by drone ‘within months’ [online]. 2019. Available: “https://www.bbc.com/news/technology-48536319 [Accessed: 24/04/2020].
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Cite This Article
  • APA Style

    James Kunle Olorundare, Christian Ngozi Ahiauzu, Aderonke Favour-Bethy Thompson, Adebimpe Olubunmi Olorundare, Fem Ekanoye, et al. (2020). Impact of COVID-19 Contagion on Digital Transformation and Economy. American Journal of Science, Engineering and Technology, 5(4), 145-153. https://doi.org/10.11648/j.ajset.20200504.15

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    ACS Style

    James Kunle Olorundare; Christian Ngozi Ahiauzu; Aderonke Favour-Bethy Thompson; Adebimpe Olubunmi Olorundare; Fem Ekanoye, et al. Impact of COVID-19 Contagion on Digital Transformation and Economy. Am. J. Sci. Eng. Technol. 2020, 5(4), 145-153. doi: 10.11648/j.ajset.20200504.15

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    AMA Style

    James Kunle Olorundare, Christian Ngozi Ahiauzu, Aderonke Favour-Bethy Thompson, Adebimpe Olubunmi Olorundare, Fem Ekanoye, et al. Impact of COVID-19 Contagion on Digital Transformation and Economy. Am J Sci Eng Technol. 2020;5(4):145-153. doi: 10.11648/j.ajset.20200504.15

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  • @article{10.11648/j.ajset.20200504.15,
      author = {James Kunle Olorundare and Christian Ngozi Ahiauzu and Aderonke Favour-Bethy Thompson and Adebimpe Olubunmi Olorundare and Fem Ekanoye and Adebunmi Akinbo and Abiodun Ayorinde},
      title = {Impact of COVID-19 Contagion on Digital Transformation and Economy},
      journal = {American Journal of Science, Engineering and Technology},
      volume = {5},
      number = {4},
      pages = {145-153},
      doi = {10.11648/j.ajset.20200504.15},
      url = {https://doi.org/10.11648/j.ajset.20200504.15},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajset.20200504.15},
      abstract = {The novel COVID-19 compelled an unannounced and indefinite holiday in the world with a ripple effect of the global economy downturn. As a result, businesses all over the world have been forced to devise business strategies with minimal negative impact from COVID-19. Since there is no timeline as to when the COVID-19 will end, this paper seeks to empirically examine the COVID-19 impact on the traditional economy vis-a-vis digital transformation paradigm shift in the economy ecosystem leveraging on digital channels. Digital transformation can only be implemented based on the availability of digital channels with developed countries having advantage of readily available infrastructures to accelerate the implementation of digital businesses during the COVID-19 pandemic as compared to growing economies. To this end, two surveys were conducted to ascertain COVID-19 effect on the traditional economy as well as the paradigm shift to digital transformation. The first was the qualitative survey which was analyzed based on Key Research Questions which were transcribed and analyzed from focus group discussion. The second survey establishes the fact gotten from the quantitative survey from Survey Monkey platform. The ggplot2 package in RStudio platform was used for the data visualization using R programming Language enabling the data analysis for a technical evaluation.},
     year = {2020}
    }
    

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  • TY  - JOUR
    T1  - Impact of COVID-19 Contagion on Digital Transformation and Economy
    AU  - James Kunle Olorundare
    AU  - Christian Ngozi Ahiauzu
    AU  - Aderonke Favour-Bethy Thompson
    AU  - Adebimpe Olubunmi Olorundare
    AU  - Fem Ekanoye
    AU  - Adebunmi Akinbo
    AU  - Abiodun Ayorinde
    Y1  - 2020/12/25
    PY  - 2020
    N1  - https://doi.org/10.11648/j.ajset.20200504.15
    DO  - 10.11648/j.ajset.20200504.15
    T2  - American Journal of Science, Engineering and Technology
    JF  - American Journal of Science, Engineering and Technology
    JO  - American Journal of Science, Engineering and Technology
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    EP  - 153
    PB  - Science Publishing Group
    SN  - 2578-8353
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    AB  - The novel COVID-19 compelled an unannounced and indefinite holiday in the world with a ripple effect of the global economy downturn. As a result, businesses all over the world have been forced to devise business strategies with minimal negative impact from COVID-19. Since there is no timeline as to when the COVID-19 will end, this paper seeks to empirically examine the COVID-19 impact on the traditional economy vis-a-vis digital transformation paradigm shift in the economy ecosystem leveraging on digital channels. Digital transformation can only be implemented based on the availability of digital channels with developed countries having advantage of readily available infrastructures to accelerate the implementation of digital businesses during the COVID-19 pandemic as compared to growing economies. To this end, two surveys were conducted to ascertain COVID-19 effect on the traditional economy as well as the paradigm shift to digital transformation. The first was the qualitative survey which was analyzed based on Key Research Questions which were transcribed and analyzed from focus group discussion. The second survey establishes the fact gotten from the quantitative survey from Survey Monkey platform. The ggplot2 package in RStudio platform was used for the data visualization using R programming Language enabling the data analysis for a technical evaluation.
    VL  - 5
    IS  - 4
    ER  - 

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Author Information
  • Next Generation Technologies and Standardisation Unit, Nigerian Communications Commission, Abuja, Nigeria

  • Information and Communication Technology Center, University of Port Harcourt, Port Harcourt, Nigeria

  • Cybersecurity Department, The Federal University of Technology, Akure, Nigeria

  • Information Technology Department, National Open University of Nigeria, Abuja, Nigeria

  • Office of Government Contracting and Services, Southern University and A&M College, Louisiana, USA

  • Internet Society Nigeria Chapter, Abuja, Nigeria

  • Blockchain Research Department, Blockchain Republic, Lagos, Nigeria

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