Digitalization may be the process of modifying business processes, functions and activities simply by leveraging digital technologies. It is actually characterized by the creation and larger use of digitized data, that could be turned into cleverness and workable knowledge (remember DIKW? ).
Digitalization enables firms to improve their value creation and value task. It is also a means to fulfill client needs more effectively and enhance their competitive benefit by using digital tools and methods, which are depending on real-time info.
In addition , digitalization has led to an alteration in provider relationships with customers and employees. It also increases the need for interdisciplinary assistance within and between corporations as well as with partners in neuro-scientific digitalization.
Employees are the step to a successful digital transformation in companies. They must be trained to manage digital systems and reorient their requirements accordingly.
Creating new business models through digitalization is an effective way to generate income for the corporation and to appeal to potential new customers. However , it takes a lot of time and effort.
To start with, the business has to make a comprehensive leadership in the company business case. This will allow the finance team to make an informed decision about the execution of digital solutions plus the costs included.
In addition , it is important to consider sustainability goals when planning digitalization. This can include lowering power utilization, for example by simply transitioning away power-hungry data center infrastructure. Considering alternative strength options is another way to reduce the business’s impact on the environment.