Page 52 - UDYAMA FINAL final for web

Digitization, Digitalization and Digital
Transformation

to know is digitalization is the
true transformation of businesses
with digital tools and how humans
interact with technology to reach
their goals.

Digital Transformation

Digital Transformation is a pro-
cess. It can be an organization or a
Digitization Digitalization society that decides to embrace
the benefits of technology to stay
Digitization is the process of mo- Digitalization, there are only two relevant and be competitive at a
ving our business process and letters in between but digitaliza- particular point in the life cycle.
information from analog to dig- tion is the broader change busi- This leads to digitization along
ital. It can be how we reach our ness model. This goes beyond with a drive to improve digital
consumer or how we do things in converting analog to digital. This literacy and make technology
business. Digitization has been is about how we transform the available for all. If for an organi-
happening over decades but given way we interact with consumers, zation, the leadership will start
the increased penetration of com- manage our supply chain and tra- believing in it, educating the rest
puters and mobile along with nsform our workplace both thro- of the workforce on it, will con-
significant reduction in cost of ugh processes. Digitalization cha- sciously invest in digitization and
data storage there is an increased nges how we do things, our modes look for digitalization opportun-
adaptation over the last few years. of communication and how we ties. If it is about the country or a
Most businesses are moving to engage. Uber transformed how a society, the governments will
digital platforms to deliver better customer interacts with cab serv- improve required digital infra-
consumer experience and imp- ices, Netflix changed the whole structure such as internet and
rove internal processes to improve video content industry, Airbnb communication, introduce tech-
efficiency. Digitization will make transformed the hotel industry, nology as a core component in the
information more accessible and and now 3D printing, Virtual education system, educate the cit-
create enormous amounts of data prototyping is changing the manu- izens and help them acquire
that can generate insights. facturing industry. What you need digital tools at affordable cost.

Industry 4.0

50 January 2021