Upgrade to remove ads
Only $2.99/month

Terminology for Work

Terms in this set (4)

Digitization
conversion of analog to digital.

internal optimization of processes (e.g., work automation, paper minimization) and results in cost reductions.
digitalization
the use of digital technologies and digitized data to impact how work gets done, transform how customers and companies engage and interact, and create new (digital) revenue streams.

the use of digital technologies to change a business model and provide new revenue and value-producing opportunities; it is the process of moving to a digital business.

a strategy or process that goes beyond the implementation of technology to imply a deeper, core change to the entire business model and the evolution of work
Digital business
digital business is the result of a multitude of digitalization processes (i.e. going from supply chains to digital supply chains) and an essential step towards digital transformation.
Digital transformation
Digital transformation requires a much broader adoption of digital technology and cultural change. Digital transformation is more about people than it is about digital technology. It requires organizational changes that are customer-centric, backed by leadership, driven by radical challenges to corporate culture, and the leveraging of technologies that empower and enable employees.
OTHER SETS BY THIS CREATOR