Digitization, Digitalization, Digital Transformation… all these seem to be buzzwords in the digital world. But are they really buzzwords in the digital world only or do they have meaning in other businesses too? So what do they really mean and how do they affect businesses? What do they involve and how best can they be utilized to grow the business to remain relevant and competitive? What are the benefits of embracing it and what are the risks of ignoring it? Since the pace of change especially in the digital world is much faster than in any other sector, Digital Transformation cannot be an afterthought!
» Digitization is the process of changing from analog form to a digital form.
» Digitalization is the process of moving to a digital business by using digital technology to improve business models and processes.
» Digital transformation is the integration of digital technology into different areas of the business to change the way a business operates and how it delivers value to its customers.