The Impact of Innovation Adoption of Emerging Digital Technologies within a collaborative ecosystem on Firm Innovation Performance- Focus on Emerging Economies (Middle East, Africa, and Asia)

Abstract

ABSTRACT: In today's fast-paced and ever-changing world, innovative technologies' rapid emergence and integration profoundly impact organisational strategies, the industry landscape, and overall economic and societal development. This article explores the adoption of specific emerging digital technologies (Artificial Intelligence (AI), Industry 4.0( I4.0 ), and the Internet of Things (IoT). It proposes a comprehensive framework to enhance firm innovation performance in organisations. A deep understanding of the future commercial utilisation of these technologies is crucial for informed decision-making. Acknowledging the interconnected nature of emerging technologies, this research emphasises the importance of collaboration among various stakeholders such as businesses, academic institutions, research organisations, regulatory bodies, and government agencies. This collaborative effort forms a unique and interdependent ecosystem essential for effectively applying, adapting, and improving emerging digital technologies. This study highlights perspective and limitations, particularly in emerging economies, by investigating the determinants that impact their implementation, mainly focusing on emerging economies. A robust framework is developed to address the research objectives by combining existing technology models, including the Diffusion of Innovation Technology-Organisation-Environment and Technology Acceptance Model. A quantitative research survey targeted managers and above in large enterprises and multinationals within the Middle East, Africa, and Asia manufacturing industries. The collected responses (n=153) were analysed using Structural Equation Modelling and Chi-Square methods. The findings of this study emphasise the advantages of the collaborative adoption of emerging digital technologies in improving firm performance. By bridging the gaps in integrating multiple emerging technologies within the innovation ecosystem, organisations can enhance their innovation capabilities and leverage them for sustainable competitive advantage. This comprehensive framework provides valuable insights and practical guidance for organisations seeking to navigate the complex landscape of emerging digital technologies and maximise their innovation potential.