Transformative Impact of Digitalization on Selected Sectors

Monzur Hossain ()

Chapter Chapter 10 in Digital Transformation and Economic Development in Bangladesh, 2022, pp 197-223 from Springer

Abstract: Abstract This chapter assesses the transformative impact of digitalization on some selected sectors. While the service sector has largely gone through a digital transformation over the years, it is taking place slowly for the manufacturing sector. The adaptation of digital technologies by the financial sector has allowed them to increase productivity while serving the retail and business segments efficiently and, therefore, saving transaction costs and reducing asymmetric information. However, digital footprints are largely absent in small and medium-sized enterprises, primarily due to a lack of incentives. Additionally, the placement of digital transformation in agriculture, fisheries, and livestock is also inadequate. Despite a significant improvement in ICT infrastructure in Bangladesh, the use of the internet and digital tools remains limited among individuals and businesses.

Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-2753-9_10

Ordering information: This item can be ordered from
http://www.springer.com/9789811927539

DOI: 10.1007/978-981-19-2753-9_10

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().