How does business use digitization to advance its procedures?

Siddharth Mehta IL&FS, explains how digital technologies are used to transform an organization's internal operations and provide new opportunities for generating revenue and value. It entails converting existing analog information into digital formats and a few other tasks that companies can carry out more successfully by utilizing the most recent tools and technology.
 
 A well-known and successful example of digitalization is Netflix, which started out as a DVD rental company. By utilizing the most recent technologies, utilizing data, and digitizing video, Netflix was able to produce unique value in online movie streaming. With projected revenue of $31.6 billion in 2022, it is the market leader at the moment.
 
 Siddharth Mehta  explained that the process of digitalization involves much more than just doing away with paper and using computers to record data. A network of operations that use technology to automate processes like billing, accounting, and inventory management is referred to as digitalization as a whole.
 
 Any business operating in the fiercely competitive world of today must use digitalization, especially to save time and eliminate non-essential costs. Going digital can have a number of benefits, whether you're switching from paper to electronic invoices or redesigning your entire sales process for internet optimization.

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