Transformation of Business Through Digitalisation
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With the advent of the 21st century, the world has witnessed a storm change in the kind of technology that mankind has ever witnessed. With the introduction of telephone, mobile phones and computers at a commercial magnum in the early 90s, there has been a constant change in the technological environment. There is an ever-persistent effort to build and raise the technology to a platform which can be utilized for the betterment of mankind. Today, we are at a stage where technological advancements like artificial intelligence have been absorbed in our daily lives and its future scope is beyond i...
With the advent of the 21st century, the world has witnessed a storm change in the kind of technology that mankind has ever witnessed. With the introduction of telephone, mobile phones and computers at a commercial magnum in the early 90s, there has been a constant change in the technological environment. There is an ever-persistent effort to build and raise the technology to a platform which can be utilized for the betterment of mankind. Today, we are at a stage where technological advancements like artificial intelligence have been absorbed in our daily lives and its future scope is beyond its present capabilities. We are now looking at the present where the arena of digitalisation is still being explored at a more commercial strength, but the future of virtual reality is not far. The word 'digitalisation' is a buzzword which is often confused with the words 'digitisation' and 'digital transformation' (Brennen & Kreiss, 2016; Schallmo & Williams, 2018). To understand the term "Digitalisation", let us first understand what the term "Digitisation" means. "Digitisation" means "the conversion of text, pictures or sounds into a digital form that can be processed by a computer." In other words, we can say that digitisation is the process of converting any information into a digital format. In this format, information is organized into discrete units of data (called bits), that computers and many devices with computing capacities (such as digital cameras and digital hearing aids) can process.
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