Digital Transformation in Developing Economies Under the COVID-19 Pandemic

The challenges of the COVID-19 pandemic have readjusted government services available to citizens and the way of doing business. Digital transformation involves using digital technologies to remake public services and ensure successful business operations. Therefore, the country's economy and society must be ready to make the most of digitalization. The quantitative and qualitative methods in this study are used to analyze countries’ economic transformation under the COVID-19 pandemic. The findings suggest that digital transformation is quickly becoming a priority for many sectors in Ukraine. According to the developed exponential model, the rate of development of transformation processes in Ukraine in 2021–2025 will advance. At the same time, the main problems of digitalization in Ukraine are legal complexity, insufficient funding, and lack of digital literacy and skills among the active population. The findings presented within this article can be found useful by managers of the real economy sector deciding on the need for the digital transformation of an enterprise. Likewise, the conclusions made are seen as beneficial for academic community in general since they open up new opportunities in terms of digital transformation research.