COVID-19 PANDEMIC IMPACT ON DIGITAL INDUSTRY

Abstract

The goal of this study is to identify the impact (challenges and changes) of covid 19 Pandemics on the digital industry - from the economical, organizational but also from human resource point of view. The key objectives are (1) to highlight the main challenges that occurred in the IT industry, (2) to find how the IT companies cope with the challenges emerged, (3) to anticipate the impact of the COVID 19 pandemics on the IT companies in the foreseen future. To achieve these objectives, it had been used the literature review methodology and exploratory data analysis. It had been found that many IT companies struggled with an increased volume of work and with the pressure of solving problems in a short time while others had encountered losses or activity slow down, all these in the context of following new regulations and policies that affected all. However, the IT companies adapted fast to the new context, the remote working is already seen as an alternative, and they also demonstrate solidarity for sectors in need. This paper is meant to help companies that are still struggling to find an equilibrium and best practices to overcome this unwanted event, but also students and researchers to create new research hypotheses for new findings.