Digitalization Creating value at the new frontiers of the business world, creating value in the processes that execute a vision of customer experiences, and building foundational capabilities that support the entire structure . To meet these high customer expectations, companies must accelerate the digitization of their business processes. But they should go beyond simply automating an existing process.
Why so important Source: McKinesy
Digitization Transforms
Application of Digitalization
Maturity
Advantage Cost Reduction Reduction in Cycle time Decision making becomes simpler Automatically collect data that can be mined to better understand process performance, cost drivers, and causes of risk.
Thank You Source: Mckinsey Reports Opportunities and challenges of the industrial internet - PwC