Digitization is not only about transferring data into the electronic thing but also about using these things and finding new ways of developing them.Business Digitalization refers to converting processes, activities and models to meet digital economy requirements until the company is fully networked digital organization. Business Digitalization describes the continuous change process to digital processes, based on a sophisticated IT infrastructure, digital applications and optimally networked systems and data. The existing business model is digitally mapped and/or new digital products are developed. Information, communications, processes and services are networked via digital platforms.
the web customers have access to several offers from which they can choose the best product. therefore, competition between companies are not limited to the domestic market.
The rules are always changing for an industry and emerging start-ups are mostly the reason. Companies, therefore, have to constantly brainstorm ideas and optimize processes to stay on the market.
Employees also have high expectations of the Business Company. If it cannot meet their requirement’s, employees will resort to other systems and applications that are unregulated by the Busines Company.
Changes happen more and more quickly. Every few years, innovations become obsolete and are replaced by new innovations, if a company can not keep up, it will no longer exist.