Digitalization may be the process of changing business techniques, functions and activities by leveraging digital technologies. It is characterized by the creation and broader use of digitized data, and this can be turned into intelligence and actionable knowledge (remember DIKW? ).

Digitalization enables firms to improve their worth creation and value idea. It is also a way to fulfill customer needs better and enhance their competitive benefits by using digital equipment and methods, which are depending on real-time data.

In addition , digitalization has led to a big change in enterprise relationships with customers and employees. It also increases the need for interdisciplinary cooperation within and between businesses as well as with partners in neuro-scientific digitalization.

Workers are the step to a successful digital transformation in companies. They need to be trained to handle digital technology and reorient their skills accordingly.

Creating new business models through digitalization is an effective approach to generate income for the business and to bring potential new customers. However , it will take a lot of time and energy.

To start with, the company has to prepare a comprehensive business circumstance. This will allow the finance team to make a knowledgeable decision about the implementation of digital solutions as well as the costs involved.

In addition , it is crucial to consider sustainability goals preparing digitalization. This could include lowering power consumption, for example by simply transitioning off power-hungry info center infrastructure. Considering green energy options is another way to reduce the business’s impact on the environment.

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