Nordic Countries Digital Intensity and Digital Maturity ⎯ The Impact of COVID-19 in the ICT Sectors
Tamannum, Renesa (2021)
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The high growth in digitalization makes the Nordic countries digital leaders. This research focuses on a comparative analysis of the Nordic countries (i.e., Finland, Denmark, Norway, Sweden) and assesses the current economy and digitalization development, the Nordic digital intensity, the Nordic digital maturity, and the performances of the ICT sectors of the Nordic countries with an emphasis on the impact of COVID-19. The analysis based on the digital transformation, IT infrastructure, and ICT industry growth shows which country is performing better in handling the pandemic. The graphical visualizations and multiple linear regression models have been used for the analysis. This research determines that the Nordic countries have very good levels of digital transformation, digital innovation, and the financial capability of ICT industries to handle the detrimental impact of COVID-19 despite a negative economy that occurred in the Nordic countries during this crisis. Moreover, the results also show that the degree of digital integration among people, process, and technology is the highest in Denmark among the Nordic countries. The level of digital maturity is higher in Sweden, followed by Denmark, on the network readiness before and after COVID-19 started. Finland has the highest level of digital maturity and Sweden has the second-highest level of digital maturity based on the digital performance progress. The capacity of digital innovation is also higher in Sweden compared to the other Nordic countries. According to thesis result, the levels of ICT infrastructure and innovation in the ICT sector are healthier in Sweden and Finland as both have stable ICT industries to achieve more digital progress in the future. The theoretical contributions and practical implications are discussed.