Digitalization is definitely the process of modifying business processes, functions and activities by simply leveraging digital technologies. It is characterized by the creation and broader use of digitized data, that can be turned into intelligence and actionable knowledge (remember DIKW? ).

Digitalization enables companies to improve their value creation and value task. It is also a method to fulfill consumer needs better and enhance their competitive gain by using digital equipment and methods, which are depending on real-time info.

In addition , digitalization has led to an alteration in organization relationships with customers and employees. It also enhances the need for interdisciplinary cooperation within and between companies as well as with partners in the field of digitalization.

Staff are the step to a successful digital transformation in companies. They should be trained to cope with digital systems and reorient their certification accordingly.

Creating new business types through digitalization is an effective method to generate income for this company and to captivate potential new customers. However , it will require a lot of time and energy.

To start with, the company has to prepare a comprehensive business circumstance. This will allow the finance division to make a knowledgeable decision about the execution of digital solutions plus the costs included.

In addition , it is necessary to consider sustainability goals preparing digitalization. This could include lowering power usage, for example simply by transitioning away power-hungry data center facilities. Considering renewable energy options is another way to reduce your business’s impact on the environment.