How Business uses Digitalization to upscale its process?
Digital technologies are used to transform an organization's internal operations and offer fresh chances for generating income and value explain Siddharth Mehta IL&FS . It entails converting analog information already in existence into digital formats and a few operations that businesses may carry out more effectively by utilizing the most recent tools and technology. Netflix, a well-known and effective example of digitalization, began as a DVD rental business. Netflix was able to produce distinctive value in online movie streaming by utilizing the most recent technologies, utilizing data, and digitizing video. It is currently a market leader, with revenue of $31.6 billion in 2022. Digitalization encompasses much more than merely doing away with paper and using computers to record data, which is only a small portion of the overall process added Siddharth Mehta of LI&FS . Digitalization, taken as a whole, refers to a network of operations that employ technology to autom