• Harjit Kaur
• Sapandeep Kaur Dhillon

The new technologies hold great promise. They create new avenues and opportunities for a more prosperous future. The digitalization brings innovation, ease of working, new job opportunities and growth in the economy. It helps to bring transparency in the system. The use of digital technologies shows the impact that how work gets done, transform how customers and companies engage and interact, and create new (digital) revenue streams. Digitization—the continuing convergence of the real and the virtual worlds will be the main driver of innovation and change in all sectors. This paper examine how digital transformation is driving economy and provides an understanding the potential benefits in developing technology applications with a fundamental positive contribution to our quality of life. This paper concentrates on barriers in the pre digitalization of transactions and also on the difficulty in accepting digitalization.

digitization; Internet of Things; cyber security;

"Digital Transformation of the Economy Challenges and Opportunities", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 5, page no.d210-d213, May-2023, Available :http://www.jetir.org/papers/JETIR2305329.pdf

"Digital Transformation of the Economy Challenges and Opportunities", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 5, page no. ppd210-d213, May-2023, Available at : http://www.jetir.org/papers/JETIR2305329.pdf