COVID-19 Effect on Accelerating Technology and Innovation in Businesses
Articles
Husam Arman
Kuwait Institute for Scientific Research, Kuwait
https://orcid.org/0000-0002-3546-1718
Shaikha Al-Fulaij
Kuwait Institute for Scientific Research, Kuwait
Sulayman Al-Qudsi
Kuwait Institute for Scientific Research, Kuwait
https://orcid.org/0000-0003-4080-6976
Ahmad Alawadhi
Kuwait Institute for Scientific Research, Kuwait
Mohammad Al Ali
Kuwait Institute for Scientific Research, Kuwait
Published 2024-05-29
https://doi.org/10.15388/omee.2024.15.2
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Keywords

Innovation
COVID-19
Automation
Technology
Productivity

How to Cite

Arman, H. (2024) “COVID-19 Effect on Accelerating Technology and Innovation in Businesses”, Organizations and Markets in Emerging Economies, 15(1(30), pp. 27–50. doi:10.15388/omee.2024.15.2.

Abstract

This paper assesses empirically the COVID-19 effect on businesses and the potential dynamic changes regarding post-COVID-19 automation and technology penetration using various logistic regression models. A field survey was used to collect the necessary data for testing various hypotheses. This study demonstrates the severity of the pandemic on businesses and how it has changed their perspectives on technology as a critical aspect of survival and future success. The results showed that capital-intensive firms are more resilient to the crisis. In addition, the firms that were affected severely in terms of employment due to the pandemic believe that technology will significantly impact hiring, investment, and value added. This paper investigates a unique phenomenon represented by COVID-19, its impact on businesses in a resource-rich context and their responsiveness concerning technology deployment and automation.

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Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.