You may have heard people say that everything is going digital these days and simply took it at face value without really asking what this meant. What exactly is the digital revolution and how is it affecting everything around you? Digitalization, which is what is happening, is the conversion of everything that you are familiar with into digital. Pictures, sound, and even text are converted into digital form.
The purpose of digitalization is to enable society to store, send, and receive the converted information via digital mediums. This allows for faster sharing of information and content that has been converted to digital. This also allows for all actions to go faster. Storing data goes faster, communication is better, and everything improves due to digitalization.
Importance of Digital for Business
Digitalization in the industry your business belongs to should be greatly considered, if you want to stay competitive and relevant. Businesses everywhere have embraced the digital revolution. Aside from making it easier to communicate with people from all different levels of the business, it also helps streamline multiple processes, making running the business more efficient. It also allows for easy access to information, which is a great feature to have when you are running a hospital or bank.
To help your enterprises keep up with the times and to offer your customers the utmost convenience that comes with it, digitalization is one move you cannot ignore. Digitalization has become the norm that it has entered each and every industry there is. To show you what this means, here is a list of the industries that have shifted from analog to digital in one way or another:
Automotive – The automotive industry has benefited quite a lot from this shift. Aside from automating the creation of vehicles, digitalization also helped improve customization, quality control, and even delivery of units to customers. Aside from the business side, digitalization also benefits those who buy cars. It makes choosing the right vehicle easier. You can now see what it looks like, in the color you want, and with the specifications, you are looking for. This is because such details can now be found online in digital form.
Healthcare – One of the industries that greatly benefit from digitalization in the healthcare industry. This allows for better coordination between the patient and their doctor. It also allows for easier collaboration between health professionals and giving them much needed access to medical data and history at the drop of a hat. Digitalization makes coming up with a diagnosis and consulting with others in the same industry easier and quicker. It also helps hospitals and other healthcare institutions get in touch with insurance companies and communicate with laboratories to get test results, among other things.
Consumer – Probably one of the industries that greatly benefited from this technological swing is the consumer industry. From manufacturing to marketing to selling and delivery, digitalization has made a huge impact on the consumer industry. It has helped and is continuing to help, not only the companies that produce and sell products, but also those who buy from them. Advertising, branding, keeping track of inventory, and even payments are easier with digitalization.
Can Digital Transformation Help Your Industry?
The question some companies tend to ask when they are hesitant to go the way of most other businesses is, is it necessary for those in their industry to embrace digitalization in the industry? The answer is a resounding yes.
With digital transformation, you are essentially helping to increase the efficiency of your business. This, in turn, helps with your bottom line. When your company is more efficient, you reduce costs and increase productivity. You also reduce clutter. Imagine an old-fashioned office that still uses physical files and filing cabinets as compared with one that uses tech-supported versions of this. This image alone will show you just what kind of improvement digitalization brings to a business.
No matter what your industry, when you embrace digitalization, your business will benefit from it. You get to streamline processes, help people train better without the need for one-on-one mentoring, you get information on consumer trends and many more. All of these you can expect with the digitalization of the industry you are in.
Resources:
https://www.accenture.com/t00010101t000000z__w__/ru-ru/_acnmedia/accenture/conversion-assets/dotcom/documents/local/ru-ru/pdf/accenture-digital-transformation.pdf
An introduction to the Digital Transformation of Industries initiative
https://www.igi-global.com/dictionary/it-strategy-follows-digitalization/7748
https://bloomfire.com/blog/what-in-the-world-is-digitization/
https://www.in2grate.com/blog/benefits-of-digital-techhnology-for-the-automotive-industry
https://digitalhealthbuzz.com/5-benefits-of-digitization-in-the-healthcare-industry/
https://www.mckinsey.com/industries/consumer-packaged-goods/our-insights/digital-innovation-in-consumer-goods-manufacturing
https://www.forbes.com/sites/danielnewman/2017/07/25/top-6-digital-transformation-trends-in-automotive/#3a5204d654e1
https://www.bcg.com/industries/consumer-products/winning-digital.aspx
