Various Examples of Digitalization In Business

Digitalization is an umbrella term for the Digital Transformation of society and the economy. It describes the transition of the industrial era characterized by changes in analog technology to the knowledge and creativity era. And it is characterized by digital technology and digital business innovation. There are many examples of digitalization that we can see today. This process is not just using the internet for business, but there are many aspects that must be transformed into digital. The following is an explanation of digitalization and its example.

Examples of Digitalization in Business

The development of digital innovation is one of the business trends in the current economic period. Companies need to develop new strategies using digital media and focus on key factors for the success of their digital transformation. digitalization has many different aspects.

In recent years, various digital technologies (Internet, artificial intelligence, Internet of Things, etc.) have been drastically developed further. Making the emergence of the transition from applications to people’s daily lives. Same as the innovation of the steam engine and the invention of electricity that has changed society, digitalization also changed the economy and society.

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Digitalization is an umbrella term for the Digital Transformation of society and the economy. It describes the transition of the industrial era characterized by changes in analog technology to the knowledge and creativity era. And it is characterized by digital technology and digital business innovation. There are many examples of digitalization that we can see today. This process is not just using the internet for business, but there are many aspects that must be transformed into digital. The following is an explanation of digitalization and its example.

Effects of Digitalization

Examples of the impact of digitalization on various industries in the future:

1. Digitalization will drastically change the future of the automotive industry through the new concept of mobility, from autonomous driving to totally new concepts like electric scooter rental. Digitization will enable the use of new models in the future.

2. Digitalization affects the future of the financial industry. Technologies such as blockchain are enabling new forms of corporate financing and participation. One of them is the emergence of the virtual currency Bitcoin. And today, corporate investments are possible through so-called ICOs (Initial Coin Offerings) or STOs (Security Token Offerings). These forms are only possible through digital technology, which will continue to evolve in the future.

3. Digitalization is changing the future of traditional professions. Soon, doctors will be increasingly supported by applications such as e-health, especially in the diagnostic field. Services in the legal sector may be equipped or replaced by digital services from the technology sector.

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In the future, digitalization will create new challenges for schools and education, training and further education, public administration and associations. It is the responsibility of industry, association and politics to prepare a society that is ready for the future changes of digitalization.

Digitization can be applied to companies of all sizes. On the one hand, companies must digitize their internal processes and procedures. On the other hand, they must develop new digital services and business models. A new target group has also emerged for companies with so-called “Digital Natives”. To achieve this goal, different marketing, and sales strategies are required. Digitization requires companies to focus their actions on developing digital innovations to succeed in digital change. Those are the various examples of digitization that will happen in the future. Technology is present in our lives and brings major changes in numerous aspects. Various industries should not be negligent in this matter. Prepare your company with a variety of tools that can help. Visit the AdIns website now and consult with us.