Digitalization

Definition of Digitalization: Digitalization (or digitization) is a process in which analog, physical-format information (for example, paper-based data) is converted into a digital format that can be processed by computers. This includes the conversion of texts, images, sounds, or videos, as well as their

Through automation and digital technologies, businesses can unlock new value from aggregated data, encourage organizational change, and create new business models. These are the benefits of digitalization. The overall impact of digitalization within an organization is referred to as digital transformation – which is more of a continuous process than a final result.

Why Digitalization Is Important: The technologies underlying digitalization are continuously and rapidly developing, even when they are implemented across entire organizations or society. However, digitalization is not simply a matter of "using more or different technology." It is important for an organization because it enables new ideas and approaches in how the organization perceives and performs its role, and how it creates opportunities for greater profitability. Technology alone is not the goal. Through digitalization, organizations can create new value chains and processes that are collaborative, interactive, sustainable, profitable, and competitive.

In Summary: Digitalization is now a fundamental expectation for businesses, yet many still rely on paper-based or Excel-based administration. Creating a digital corporate environment has numerous benefits: it enables more sustainable and faster administration, simpler workflows, cost efficiency, more secure data management, and access to documents and operations from anywhere. Implementing digitalization provides a significant competitive advantage, as a