Digital Transformation in Developing Economies

Abstract

This chapter delves into the role of digital HR in developing economies, focusing on the intersection of technology, human resources, and economic development. It highlights the opportunities and challenges of digitalization, such as HR leveraging digital tools to enhance workforce efficiency and foster innovation. The chapter also discusses the implications of Industry 5.0, emphasizing the integration of AI, automation, and IoT in reshaping HR practices. The potential benefits of digital HR include improved talent management and increased productivity, but also address challenges like infrastructure constraints and skill gaps. The chapter forecasts trends in Digital HR specific to developing economies, aligning with Industry 5.0 principles. The chapter explores the effects of digitalization on workforce dynamics, organizational structures, and the economy, addressing challenges like digital literacy, data privacy, and socio-economic disparities. It highlights the potential of digital HR in bridging skill gaps, promoting inclusive growth, and stimulating innovation.