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Every industry is being impacted by the digital transition, including the media sector. As per Siddharth Mehta of Bay Capital , “consumers now have more possibilities than ever to acquire information because of the media industry's transition to digital technology”. Additionally, they anticipate being able to do so on any device, wherever they may be. Traditional media organizations are adopting digital transformation projects and shifting their operations to the digital environment in order to stay up with these shifting customer behaviors.   The fundamental change to a social, mobile, cloud-powered world that comes with digital transformation is how we live, work, and interact with one another. As consumers' attention and ad spending migrate to digital platforms, media organizations are under pressure. Media firms are responding by implementing digital transformation to reduce expenses, boost earnings, and enhance client engagement Siddharth Mehta of Bay Capital added.

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

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Siddharth Mehta, Religare’s former director talks about sustainable digitalization in India that makes a hefty leap in facilitating eco-friendly approach towards the environment. More than any other breakthrough in human history, digital technology has been at the forefront of completely overhauling every aspect of our existence. New-age technology has exploded throughout the first 20 years of this century, from cellphones and social media to digital banking and healthcare.  As Siddharth Mehta, Religare, former director highlighted the concern that however, digital technology has helped human in every aspect in this new era but how about the environment. Does the digitalization really help the environment sustain for our next generation? So, the answer is ‘Yes’, disruptive technology has transformed almost every industry by enabling instant communication, instant access to data from anywhere, increased productivity, and the availability of goods and services. It has also had a sig

Siddharth Mehta, Religare , former director shared a strong intuition about India where he says that India is one of the largest and fastest growing digital marketplaces because to its more than 500 million internet users. Additionally, there is a chance that by 2025, the nation will be "fully linked." The customer, small company, government, workforce, farmers, and other groups all benefit economically from this digital transition by creating huge opportunities. Adding to his concern about the progress of India in digitalization Siddharth Mehta , former director of Religare says, Digital transformation in India is rapidly growing its pace very few sectors are sluggish in adapting it. However, in the upcoming years, many industries can experience a proliferation of innovative digital business models. Digital communication services, electronics manufacturing, and IT and business process management (IT-BPM) are predicted to grow from $355 billion to $435 billion by 2025.

India has depended on technology to help keep development engines flowing while it works through the difficulties caused by the COVID-19 epidemic. This includes work from home, e-commerce, digital payments, and even entertainment. As per financial investor, CIO of Bay Capital Siddharth Mehta (Religare, former director) “Consumer behavior has changed as a result of digitization, which has also created potential to reach under served or unserved areas, increase supply chain efficiency, create economies of scale, and reduce prices”. All of this has been made possible by the improvements made over the last ten years, including the expansion of digital infrastructure, a sharp decline in data prices, and a surge in the usage of smartphones. India is predicted to have 900 million active internet users by 2025, with a penetration rate of 45% as of January 2021. Only after China and the US, India has the third-largest internet consumer base (140 million). According to a 2021 Bain-Flipkart