Digitalization is the integration of digital technologies into everyday life to create new revenue and value producing opportunities. Digitalization can do astounding things, from development of solutions to complicated problems, to exploration of our universe.
A good example of digitalization is Uber. Uber’s disruptive technology and explosive growth in the Taxi industry makes it one of the most captivating companies to emerge in the last ten years. The introduction of digitalization in the Taxi industry has made the nine-year-old company become the highest valued private start-up company in the world.
Digitalization has undoubtedly reshaped the world, A journey that began two centuries ago and since the dawn of the Industrial Revolution largely continues to effect change in every industry and thus emerging as a driver of sweeping change in the world around us.