The COVID-19 Pandemic Crisis: Impact on ICT Spending

The paper presents a study of digital transformation at the global level, comparing the evolution of ICT spending and economic indicators, i.e., GDP per capita, employment, and labor productivity. The study aims to compare the two most recent global crises, the 2008-2009 economic crisis and the COVI...

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Bibliographic Details
Published inThe Journal of computer information systems Vol. 63; no. 4; pp. 793 - 808
Main Authors Rojko, Katarina, Lesjak, Dušan, Erman, Nuša
Format Journal Article
LanguageEnglish
Published Stillwater Taylor & Francis 04.07.2023
Taylor & Francis Ltd
Subjects
COVID-19
diffusion of innovations
Digital technology
Digital transformation
Economic crisis
ICT spending
Innovations
new technologies
pandemic crisis
Pandemics
Recessions
traditional technologies
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Summary:The paper presents a study of digital transformation at the global level, comparing the evolution of ICT spending and economic indicators, i.e., GDP per capita, employment, and labor productivity. The study aims to compare the two most recent global crises, the 2008-2009 economic crisis and the COVID-19 (2020-) pandemic crisis, while also predicting developments after the pandemic recession. The research results show that during the pandemic crisis, ICT spending declined more severely than during the previous economic downturn, although new ICTs showed more visible resilience to crisis impacts. The pandemic crisis also changed shares of traditional and new ICTs and led to four different deviations from classical diffusion, and as a result, new ICTs are expected to increase their share over all other main ICT segments by 2027.
ISSN:0887-4417
2380-2057
DOI:10.1080/08874417.2022.2103857