Definition

Digitalization in most cases in business refers to improving business processes, business functions, business operations, and more by leveraging the new technology the digital space provides. It allows new systems to be set up in the context of digitalization to make business easier and achieve any/ all benefits the business may have in mind.

What are the benefits of Digitalization?

  • Digitalization can help discover new ways of doing business
  • Digitalization can open up new opportunities to gain profit and reaching our to new customer segments
  • Digitalization enables businesses to create personalized value propositions