Technology Market

Whereas digitization is the process of making existing data and processes digital, digitalization embraces the ability of digital technology to capture and assess data to make better business decisions and enable new business models .

The digitalization as a global trend and growth factor of the modern economy . … Highly developed countries have the best level of digitization of their own economies, because they have high-quality access to the Internet, a high level of scientific and technological capacity development and wide information access.

Poor onboarding processes and a lack of purpose-built systems for onboarding and implementation projects are the most common underlying reasons for failed digital transformation projects. With regular project and collaboration tools, the transparency and accountability needed on both sides are missing.

Measuring the impact of digital transformation There are two ways to measure the impact of digital transformation: through metrics and by the qualitative analysis of your business . These metrics can include customer satisfaction scores, revenue growth and retention, and employee productivity.

Digitization has a proven impact on reducing unemployment, improving quality of life, and boosting citizens’ access to public services . Finally, digitization allows governments to operate with greater transparency and efficiency.

Digital technologies have advanced more rapidly than any innovation in our history – reaching around 50 per cent of the developing world’s population in only two decades and transforming societies . By enhancing connectivity, financial inclusion, access to trade and public services, technology can be a great equaliser.