Digitalization gave rise to a related term: "Digital Transformation / DX (Digital Transformation)". It's about how companies prioritize IT modernization and digital optimization to create better business models that reinvent and meet customer needs.
It may sound like a very complex concept, but in reality, digital transformation is already being implemented or at least initiated by all companies. If you also want to implement digitization (also known as 'digitalisation ' in the French language) then you can browse the internet for companies that provide the services of digitization.
Image Source: Google
A simple demonstration of a 3D visualization designed by luxury brand Lolo Chatenay and technology startup Hapticmedia.
As demonstrated by TechPro Research, 70% of companies have or are working on a digital transformation strategy. And the IDG Digital Business Survey shows that 44% of companies have taken a completely digital business approach.
For those doubting digitization, there are warnings everywhere.
In the 21st century, digitization has become essential for any company looking to remain competitive. As the COVID-19 crisis shows, a slow digital response can hurt companies regardless of size.
The most famous examples are Neiman Marcus, Mytheresa, Bergdorf Goodman, Horchow, and Last Call.
Foster consumer interest in digital experiences and online content.
Digitalization has become essential for businesses as consumers continue to develop new shopping models and new requirements.
According to the WeareSocial and Hootsuite Digital 2020 report, more than 4.54 billion people (about 60% of the world's population) are online today and 5.19 billion are using mobile phones. In 2019 alone, 298 million people, mainly in developing countries, joined the global network.