Key Words of The 4.0 Industry: Digital Transformation
During the 4.0 industrial revolution, the company’s top strategy was Digital Transformation. Digital Transformation in the industrial era 4.0 will improve the competitiveness of industrial organizations and promote their ability to make optimal decisions. Let’s find out why Digital Transformation has become the inevitable trend today.
Digital Transformation is considered as the overall and overall social influence of digitization. Digitalization allows the digitalization process to lead to a stronger opportunity to change and transform the current business model, socio-economic structure, consumer patterns, legal and policy measures, and tissue organization as well as cultural barriers.
In one aspect, Digitization is a sub-process of greater technological progress. Digitize representations and presentations of all sounds, images, videos, documents, transactions, and measurements into a readable and operable format. Digital transformation speeds up global and social transformation.
The Internet is the quick catalyst for digital transformation with its development stages. First of all, Internet 1.0 is the foundation for developing physical infrastructure systems such as wiring and Internet pipelines to speak. Secondly, Internet 2.0 is a period of separate businesses built on the foundation of the Internet. Finally, the Internet 3.0 started when the Internet has become popular. The Internet currently allows all companies to create new businesses and shareholder value by enhancing their existing business models with digitization.
All business models around us today are being transformed radically by digitalization. New opportunities are being created. As the pace of change continues to increase and the number of new technologies continues to grow, if businesses fail to keep up with that pace it will be very difficult. The global effect of digitization will be much greater than Internet 1.0 and 2.0!
Businesses need to accept the change from Digital Transformation and quickly catch up with the trend by revising the business model, structural review, culture, company management, and investing more on technology as well.Tags: Digital Transformation, digitalization process, technology