This paper conducts theoretical and empirical research with the aim of analyzing the opportunities provided by digitalized education systems and the use of modern technologies in education in the current economic crisis and global pandemic and how it affects the process of teaching and developing future needs of the workforce towards developing economies. The fundamental goal of this paper is a meticulous study of the impact of digital literacy on the digitalization of education and the use of new approaches in teaching and learning to develop knowledge, abilities and skills by which the economy should improve business efficiency and effectiveness.