Impact of COVID-19 Contagion on Digital Transformation and Economy

James Kunle Olorundare; Christian Ngozi Ahiauzu; Aderonke Favour-Bethy Thompson; Adebimpe Olubunmi Olorundare; Fem Ekanoye; Adebunmi Akinbo; Abiodun Ayorinde

doi:doi:10.11648/j.ajset.20200504.15

Impact of COVID-19 Contagion on Digital Transformation and Economy

James Kunle Olorundare, Christian Ngozi Ahiauzu, Aderonke Favour-Bethy Thompson, Adebimpe Olubunmi Olorundare, Fem Ekanoye, Adebunmi Akinbo, Abiodun Ayorinde

Published in American Journal of Science, Engineering and Technology (Volume 5, Issue 4)

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), 2024. 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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[8]	P. Staszkiewicz and B. Witkowski, “Failure models for insolvency and bankruptcy,” in Contemporary Trends and Challenges in Finance, K. ajuga, H. Locarek-Junge, and L. T. Orlowski, Eds. Cham, Switzerland: Springer, pp. 219–225, 2018.
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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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[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].
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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
SP  - 145
EP  - 153
PB  - Science Publishing Group
SN  - 2578-8353
UR  - https://doi.org/10.11648/j.ajset.20200504.15
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

James Kunle Olorundare

Next Generation Technologies and Standardisation Unit, Nigerian Communications Commission, Abuja, Nigeria
Christian Ngozi Ahiauzu

Information and Communication Technology Center, University of Port Harcourt, Port Harcourt, Nigeria
Aderonke Favour-Bethy Thompson

Cybersecurity Department, The Federal University of Technology, Akure, Nigeria
Adebimpe Olubunmi Olorundare

Information Technology Department, National Open University of Nigeria, Abuja, Nigeria
Fem Ekanoye

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

Internet Society Nigeria Chapter, Abuja, Nigeria
Abiodun Ayorinde

Blockchain Research Department, Blockchain Republic, Lagos, Nigeria

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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
SP  - 145
EP  - 153
PB  - Science Publishing Group
SN  - 2578-8353
UR  - https://doi.org/10.11648/j.ajset.20200504.15
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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