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International Journal of Social Sciences and Economic Management, 2022, 3(4); doi: 10.38007/IJSSEM.2022.030402.

Impact of Digital Transformation on Innovation in the Context of Epidemic Situation

Author(s)

Siyuan Tang

Corresponding Author:
Siyuan Tang
Affiliation(s)

Shanghai University, Shanghai 201800, China

Abstract

The COVID-19 has had a huge impact on the world economy. The world economic situation and outlook in 2022 pointed out that after the world economy grew by 5.5% in 2021, the global economy is expected to grow by only 4.0% in 2022, while China's economy is still maintaining a relatively stable growth. China's GDP growth in 2021 will reach about 8.1%, which is closely related to China's strong support for the digital economy and innovation. Digital transformation will change the boundary of enterprises and the traditional innovation mode, so that enterprises can widely obtain external innovation resources, and optimize the organization, management and working mode of innovation activities. Therefore, digital transformation has the potential to help enterprises solve innovation obstacles and improve innovation ability.

Keywords

Innovation, Digital Economy, Digital Transformation

Cite This Paper

Siyuan Tang. Impact of Digital Transformation on Innovation in the Context of Epidemic Situation. International Journal of Social Sciences and Economic Management (2022), Vol. 3, Issue 4: 9-17. https://doi.org/10.38007/IJSSEM.2022.030402.

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