IDEAS home Printed from https://ideas.repec.org/a/adx/journl/v4y2022i3p152-160.html
   My bibliography  Save this article

Estimation of Digital Transformation in South Asian Economies: An Application of Broad-Spectrum Approach

Author

Listed:
  • Inam ul Haq
  • Sofia Anwar
  • Abdul Quddoos
  • Faraz Riaz

Abstract

The study aims to estimate the status of digital transformation (DT) in developing economies. Since there has been a gap in the measurement of digital transformation, this study will help in improving the economic performances of SAARC countries in the future. Herein, a study of the rankings of Digital transformation is being presented by the South Asian Association for Regional Cooperation SAARC (Bangladesh, Bhutan, India, Nepal, the Maldives, Pakistan and Sri Lanka) using a set of indicators under the prevailing scenarios of digital transformation. Composite digital transformation indicators can primarily be grouped into three dimensions: the financial sector digital transformation, industrial sector digital transformation, and services sector digital transformation. Each identified indicator happens to be independent of the other, which could be easily used to put value (individual) based on accurate statistics coupled with the available observation for each country by using PCA (Principal of Component Analysis). The exercise brought about the results that showed that Bangladesh stands at the top of being the most DT country insofar as SAARC nations are being considered. Subsequently, Bangladesh is followed by Sri Lanka. The Maldives has been found to be at the lowest echelon of digital transformation. However, other countries of the SAARC region have been found to lie in the middle of this research’s spectrum. India and Pakistan have consistently been at the centre slot after considering the results of all four scenarios. This framework provides new vistas of opportunities for the policymakers to put their might regarding digital transformation to good use with a view to bringing other regions up insofar as digital transformation is considered.

Suggested Citation

  • Inam ul Haq & Sofia Anwar & Abdul Quddoos & Faraz Riaz, 2022. "Estimation of Digital Transformation in South Asian Economies: An Application of Broad-Spectrum Approach," Journal of Economic Impact, Science Impact Publishers, vol. 4(3), pages 152-160.
    • Handle: RePEc:adx:journl:v:4:y:2022:i:3:p:152-160
    DOI: 10.52223/jei4032201
    as

    Download full text from publisher

    File URL: https://doi.org/10.52223/jei4032201
    Download Restriction: no
    File URL: https://libkey.io/10.52223/jei4032201?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Maroufkhani, Parisa & Desouza, Kevin C. & Perrons, Robert K. & Iranmanesh, Mohammad, 2022. "Digital transformation in the resource and energy sectors: A systematic review," Resources Policy, Elsevier, vol. 76(C).
    2. AlNuaimi, Bader K. & Kumar Singh, Sanjay & Ren, Shuang & Budhwar, Pawan & Vorobyev, Dmitriy, 2022. "Mastering digital transformation: The nexus between leadership, agility, and digital strategy," Journal of Business Research, Elsevier, vol. 145(C), pages 636-648.
    3. Dziallas, Marisa & Blind, Knut, 2019. "Innovation indicators throughout the innovation process: An extensive literature analysis," Technovation, Elsevier, vol. 80, pages 3-29.
    4. David Tilson & Kalle Lyytinen & Carsten Sørensen, 2010. "Research Commentary ---Digital Infrastructures: The Missing IS Research Agenda," Information Systems Research, INFORMS, vol. 21(4), pages 748-759, December.
    5. Peter Mertens & Martin Wiener, 2018. "Riding the Digitalization Wave: Toward a Sustainable Nomenclature in Wirtschaftsinformatik," Business & Information Systems Engineering: The International Journal of WIRTSCHAFTSINFORMATIK, Springer;Gesellschaft für Informatik e.V. (GI), vol. 60(4), pages 367-372, August.
    6. Youngjin Yoo & Richard J. Boland & Kalle Lyytinen & Ann Majchrzak, 2012. "Organizing for Innovation in the Digitized World," Organization Science, INFORMS, vol. 23(5), pages 1398-1408, October.
    7. Wang, Yichuan & Kung, LeeAnn & Byrd, Terry Anthony, 2018. "Big data analytics: Understanding its capabilities and potential benefits for healthcare organizations," Technological Forecasting and Social Change, Elsevier, vol. 126(C), pages 3-13.
    8. Joe Tidd & John Bessant, 2018. "Innovation Management Challenges: From Fads To Fundamentals," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 22(05), pages 1-13, June.
    9. Kraus, Sascha & Durst, Susanne & Ferreira, João J. & Veiga, Pedro & Kailer, Norbert & Weinmann, Alexandra, 2022. "Digital transformation in business and management research: An overview of the current status quo," International Journal of Information Management, Elsevier, vol. 63(C).
    10. Anton Oleinik, 2011. "Mixing quantitative and qualitative content analysis: triangulation at work," Quality & Quantity: International Journal of Methodology, Springer, vol. 45(4), pages 859-873, June.
    11. George, Gerard & Schillebeeckx, Simon J.D., 2022. "Digital transformation, sustainability, and purpose in the multinational enterprise," Journal of World Business, Elsevier, vol. 57(3).
    12. Ghosh, Swapan & Hughes, Mat & Hodgkinson, Ian & Hughes, Paul, 2022. "Digital transformation of industrial businesses: A dynamic capability approach," Technovation, Elsevier, vol. 113(C).
    13. Collier, David & Mahon, James E., 1993. "Conceptual “Stretching” Revisited: Adapting Categories in Comparative Analysis," American Political Science Review, Cambridge University Press, vol. 87(4), pages 845-855, December.
    14. Peter Tschmuck, 2012. "Creativity and Innovation in the Music Industry," Springer Books, Springer, edition 2, number 978-3-642-28430-4, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gong, Cheng & Ribiere, Vincent, 2021. "Developing a unified definition of digital transformation," Technovation, Elsevier, vol. 102(C).
    2. Olena Khlystova & Yelena Kalyuzhnova, 2023. "The impact of the creative industries and digitalization on regional resilience and productive entrepreneurship," The Journal of Technology Transfer, Springer, vol. 48(5), pages 1654-1695, October.
    3. Andreasson, Martin & Karabag, Solmaz Filiz & Simonsson, Johan & Agarwal, Girish, 2024. "Dynamics of related and unrelated digital diversification in established firms: Strategies, programs, process, and outcomes," Technological Forecasting and Social Change, Elsevier, vol. 202(C).
    4. Cheng, Qiang & Liu, Yue & Peng, Chun & He, Xingsong & Qu, Zhouqin & Dong, Qianyu, 2023. "Knowledge digitization: Characteristics, knowledge advantage and innovation performance," Journal of Business Research, Elsevier, vol. 163(C).
    5. Fleury, Afonso & Fleury, Maria Tereza Leme & Oliveira, Luis & Leao, Pablo, 2024. "Going digital EMNEs: The role of digital maturity capability," International Business Review, Elsevier, vol. 33(4).
    6. Fumeng Li & Jiancheng Long & Wu Zhao, 2022. "Mining Braces of Innovation Linking to Digital Transformation Grounded in TOE Framework," Sustainability, MDPI, vol. 15(1), pages 1-18, December.
    7. Daniel A. Skog & Henrik Wimelius & Johan Sandberg, 2018. "Digital Disruption," Business & Information Systems Engineering: The International Journal of WIRTSCHAFTSINFORMATIK, Springer;Gesellschaft für Informatik e.V. (GI), vol. 60(5), pages 431-437, October.
    8. Panos Constantinides & Ola Henfridsson & Geoffrey G. Parker, 2018. "Introduction—Platforms and Infrastructures in the Digital Age," Information Systems Research, INFORMS, vol. 29(2), pages 381-400, June.
    9. YoungKi Park & Paul A. Pavlou & Nilesh Saraf, 2020. "Configurations for Achieving Organizational Ambidexterity with Digitization," Information Systems Research, INFORMS, vol. 31(4), pages 1376-1397, December.
    10. Rippa, Pierluigi & Secundo, Giustina, 2019. "Digital academic entrepreneurship: The potential of digital technologies on academic entrepreneurship," Technological Forecasting and Social Change, Elsevier, vol. 146(C), pages 900-911.
    11. Boriana Rukanova & Mark Reuver & Stefan Henningsson & Fatemeh Nikayin & Yao-Hua Tan, 2020. "Emergence of collective digital innovations through the process of control point driven network reconfiguration and reframing: the case of mobile payment," Electronic Markets, Springer;IIM University of St. Gallen, vol. 30(1), pages 107-129, March.
    12. Sabrina Hoessler & Claus-Christian Carbon, 2024. "Digital transformation in incumbent companies: a qualitative study on exploration and exploitation activities in innovation," Journal of Innovation and Entrepreneurship, Springer, vol. 13(1), pages 1-31, December.
    13. Aljona Zorina & William H. Dutton, 2021. "Theorizing Actor Interactions Shaping Innovation in Digital Infrastructures: The Case of Residential Internet Development in Belarus," Organization Science, INFORMS, vol. 32(1), pages 156-180, January.
    14. Marco Cioppi & Ilaria Curina & Barbara Francioni & Elisabetta Savelli, 2023. "Digital transformation and marketing: a systematic and thematic literature review," Italian Journal of Marketing, Springer, vol. 2023(2), pages 207-288, June.
    15. Felix B. Buesching & Dennis M. Steininger & Daniel J. Veit, 2023. "Governing digital crisis responses: platform standards and the dilemma of COVID-19 contact tracing," Journal of Business Economics, Springer, vol. 93(1), pages 267-323, January.
    16. Oliveira, Luis & Fleury, Afonso & Fleury, Maria Tereza, 2021. "Digital power: Value chain upgrading in an age of digitization," International Business Review, Elsevier, vol. 30(6).
    17. Jonathan Wareham & Paul B. Fox & Josep Lluís Cano Giner, 2014. "Technology Ecosystem Governance," Organization Science, INFORMS, vol. 25(4), pages 1195-1215, August.
    18. Guo, Xiaochuan & Li, Mengmeng & Wang, Yanlin & Mardani, Abbas, 2023. "Does digital transformation improve the firm’s performance? From the perspective of digitalization paradox and managerial myopia," Journal of Business Research, Elsevier, vol. 163(C).
    19. Florian Wiesböck & Thomas Hess, 2020. "Digital innovations," Electronic Markets, Springer;IIM University of St. Gallen, vol. 30(1), pages 75-86, March.
    20. Guo, Bin & Zhang, Jiale & Tan, Ziyan, 2024. "Firm digitalization as strategic response: An integrated model based on the awareness-motivation-capability (AMC) framework," Technological Forecasting and Social Change, Elsevier, vol. 205(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:adx:journl:v:4:y:2022:i:3:p:152-160. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Iqbal Javed (email available below). General contact details of provider: https://www.scienceimpactpub.com/journals/index.php .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.