Digitization is more fundamental in nature. In this case, rapid progress in the enabling ecosystem and development of computing technology has led to the possibility of new business architecture for every company that seeks to participate. Business press is full of phrases like agile, smart, big data etc., to contextualise the development
What is digitization? A number of white collar executives, including many in senior positions, think digitization is no more than an extension of IT. Worse still, they are quick to shrug it off as a fad in private, no matter if they extoll digitization publicly as the next best thing to happen to their enterprise. The dirty little secret about digitization is that it’s a word we all use and think we know what it means. Essentially, as much as the oracles of ancient Greece, the word digitization is open to more than one interpretation. What is the point if a business goes ahead and announces its big-hairy-audacious digitization strategy without first hammering out a consensus among stakeholders around the semantics of ‘digitization’ and what it means to their specific business situation?
So, what is digitization after all? Is it about specialty equipment or is it all technique? Or is it a matter of training? How is digitization going to be different from general-purpose IT for business connectivity, e-commerce, analytics and the like. That’s the most obvious question on almost everyone’s mind. And the searing fear among executives is that digitization would force them to rubbish some of their IT assets while forcing new and expensive IT wares on them that carry pricing schemes different from the ones currently in use.
This story is from the September 2016 edition of DataQuest.
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This story is from the September 2016 edition of DataQuest.
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