BIO Web Conf.
Volume 86, 2024International Conference on Recent Trends in Biomedical Sciences (RTBS-2023)
|Number of page(s)
|12 January 2024
Quantifying the Impact of Digital Transformation on Economic Growth: A Longitudinal Analysis
1 Moscow State University of Civil Engineering, 129337 Moscow
2 Uttaranchal University, Dehradun 248007, India
3 Lovely Professional University, Phagwara, Punjab
4 K R Mangalam University, Gurgaon, India
5 GD Goenka University, Sohna, Haryana, India
* Corresponding author: email@example.com
This study examined how digital transformation and economic development interact in a longitudinal analysis that went from 2016 to 2020. A persistent commitment to digitalization was shown by the statistics, which showed a constant growth in digital transformation measures including investment, adoption rates, talent development, and preparedness. Indicators of economic development, including GDP growth, employment, productivity, and corporate investments, all showed positive trends at the same time. The percentages of the calculated digital transformation impact indicated an increasing effect over time. An examination conducted over a period of five years highlighted the overall effect of digital transformation and emphasized its ongoing contribution to economic development. Policymakers, companies, and academics should take note of this research's important implications, which underscore the pivotal role that digital transformation plays in determining economic advancement in the digital era.
Key words: digital transformation / economic growth / longitudinal analysis / digital investment / sustainability
© The Authors, published by EDP Sciences, 2024
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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