Digital Transformation and its Impact in Egypt: A Comprehensive Literature Review

Abstract

Purpose: The purpose of this study is to review all studies that have analyzed the correlation between digitalization and economic growth. Additionally, this review analyses previous studies investigating the impact of digitalization on the labour market. Theoretical framework: Several technological advances, including digitalization, intelligent automation, and software, have encouraged countries and industries to set up visions and plans that will lead to economic growth and strengthen their competitive position. This study will provide a holistic framework highlighting the current state and potential growth areas of digitalization in the economy. Design/Methodology/Approach: In this study, we examine and organize current research literature that explores the impact of digitalization on economic growth and the transformation in the labour market, quantitatively or qualitatively. Findings: The ability of Egypt to develop the digital transformation is related to readiness to obtain the framework of five pillars: legislation, technical and organizational capabilities, capacity building, and cooperation with other stakeholders. This imposes on the government the importance of continuing work to ensure the sustainability of strategies, measures, and adaptation to face the accelerated nature of cyber threats development according to the state of technical progress. Research, practical & social implication: This study will provide a holistic framework highlighting the current digitalisation state, the impact of digital transformation on economies, and the potential strategies to adopt digitalisation. Originality/Value: This study comprehensively reviews the correlation between digitalization and economic growth and the labour market's evolving requirements focusing on the Egyptian economy.