Universal Economic Trends And The Role Of Digital Transformation For Sustainability

Abstract

Necessity is the mother of innovation; this has been proved again. The Covid-19 has been put the entire global activities at nearly to halt. Major countries are experiencing slack in the economy. Significant sectors of the economy have been affected. Consider any domain they have been affected by the negative impact of Covid-19.

Despite the negative impact and hope that has not been given up, we are observing transformation throughout different sectors to exit from the negative trend and maintain growth. In this, we are observing the significant role of digital transformation. Today primary keys of the economy are utilizing the digital solution to come out of this negative trend in growth and maintain consistency in the performance.

Several digital solutions and ideas have recently been evolved to contribute to the digital transformation and keep leveraging the services. This transformation has been adding value to the economy, but it needs several issues to fulfill to be globally accepted. The paper highlights some significant impacts and solutions.