The Role of Digitization and its impact on Business Growth
The Role of Digitization and its impact on Business Growth Digitization refers to the use of digital technologies by the business. Most companies have shifted towards cloud computing and have digitized their ways of working. Digitization has an enormous impact on business today. Because of digitization, companies have earned outstanding success and have increased their revenue in these past years. To study the role of digitization and its impact, we first need to what is digitization: What is Digitalization? Digitalization: “Digitalization means using digital technologies to swap a business model and generate revenue and produce intrinsic opportunities.” Businesses have fully changed themselves with the use of digital technologies from their marketing ideas to their way of processing orders. Impact on business: The impact on the business is that it upgrades the efficiency of its operations and making its system automatic. Because of the u