International Journal For Multidisciplinary Research

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The Impact of Digital Transformation on Productivity in the Middle East

Author(s) Safaa Nahedh Idham
Country India
Abstract Digital transformation is transforming sectors worldwide, increasing productivity, efficiency, and economic development. This study investigates the influence of digital transformation on productivity in the Middle East, focusing on important industries such as banking, manufacturing, and services. Using case studies from the region's top economies—namely the UAE, Saudi Arabia, and Egypt—this study investigates the adoption of modern digital technologies such as AI, blockchain, cloud computing, and automation. The report identifies considerable productivity advantages in early adopting areas, particularly banking and e-commerce, while also highlighting ongoing problems such as infrastructural deficiencies, regulatory impediments, and a digital skills shortage. The research assesses the influence of digital technology on productivity development using both descriptive analysis and econometric models. The findings indicate that, while digital transformation has the potential to increase economic output greatly, further governmental support and investment in digital infrastructure and workforce development are required to achieve these benefits fully. This study adds to the increasing body of information about digital economies in developing countries and makes policy suggestions to promote equitable and sustainable growth in the area.
Keywords Digital Transformation, Productivity Growth, Middle East Economy, AI (Artificial Intelligence) Adoption, Blockchain Technology, Cloud Computing, Automation in Finance, E-commerce Growth, Total Factor Productivity (TFP), Labor Productivity, Digital Infrastructure, Fintech in the Middle East, Economic Diversification, Innovation and Economic Growth.
Field Sociology > Economics
Published In Volume 6, Issue 5, September-October 2024
Published On 2024-09-24
Cite This The Impact of Digital Transformation on Productivity in the Middle East - Safaa Nahedh Idham - IJFMR Volume 6, Issue 5, September-October 2024. DOI 10.36948/ijfmr.2024.v06i05.27833
DOI https://doi.org/10.36948/ijfmr.2024.v06i05.27833
Short DOI https://doi.org/g5knt5
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