What is meant by Digitization?
The term "digitalization" refers to the process of converting analog information, processes, and business models into digital formats. This includes the use of digital technologies to automate, improve, and innovate business processes, services, and products. Digitalization enables companies to operate more efficiently, reduce costs, develop new business models, and remain competitive.
Typical software functions in the area of "Digitalization":
- Document Capture and Management: Digitization and management of paper documents through scanning and electronic archiving.
- Workflow Automation: Creation of automated workflows to replace manual processes and increase efficiency.
- Electronic Signatures: Use of digital signatures for legally binding document signing.
- Cloud Storage: Storing and managing data and documents in the cloud to facilitate access and enhance data security.
- Data Integration: Integration of data from various sources and systems into a central platform for comprehensive analysis.
- Real-Time Data Analysis: Use of big data and analytics tools to evaluate data in real-time for better business decision-making.
- Artificial Intelligence and Machine Learning: Implementation of AI tools to automate tasks such as predictions, pattern recognition, and decision-making.
- Digital Communication Tools: Use of digital tools such as email, instant messaging, and video conferencing to improve communication and collaboration.