Is your business, like every other enterprise these days, looking to digitally transform? Perhaps your company is now in the process of digitizing its data. It's also feasible that you've progressed beyond digitization and are currently in the process of digitalization.

You're perhaps wondering,“What is the difference between these concepts?”Since you assumed they were identical terms that might signify the same concept.

DISCLAIMER!!!

All three terms are very different – a truth every enterprise should be aware of.

Settling the Difference

In the corporate world, digital transformation has proven to be the biggest fad – with organizationsenrolling to undertake this tremendous transition to become more inventive and efficient. Nevertheless, since the emergence of digital transformation, terminology such as "digitalization" and "digitization" have also emerged, further complicating matters. These three terms have frequently gotten confused with one another. In actuality, however, each of these terms has a unique and distinctive meaning. With such major disparities in their meanings, it is necessary to expand and examine them thoroughly, once and for all.

Digitization

In a nutshell, digitization is the process of converting data from analogue to digital; thereby digitizing it, or storing it in digital form. This is also regarded to be the initial step towards the CRAZY digital transformation.

Digitalization

Once all your data has been converted to digital information and digitized, the future course of action is to begin the digitalization process. Digitalization is the process of putting newly digitized infoto use. This entails leveraging digital data insights to enhance corporate operations and processes.

Digital Transformation

The final phase, which can only be completed once digitalization and digitization are achieved, is digital transformation, which is when you entirely reimagine your enterprise by leveraging everything you've accomplished throughout digitalization. Reinventing your business entails developing innovative business concepts, modifying your company culture, and eliminating inefficient operational traditions.

REMEMBER!!!

The process of creating new business concepts, techniques, processes, and applications that make use of the aforementioned digitalized applications and digitalized data is known as digital transformation. These ambitious changes dramatically transform the overall business outlook.

Innovation is key.

The entire goal of digital transformation is to abandon the old and experiment with new ideas, processes, methods, and approaches. And, as usual, creativity must come from the top and be fostered across the organization. Top executives must create an inspiring workplace culture that nurtures innovation. Innovation also entails abandoning outdated communication and hierarchical practices in favour of building cross-functional communications that speed things up.

One frequent technique to adopt innovative practices is to hone adaptive leadership, which requires leaders to listen to others' critique, reactions, responses, and comments to continually improve, rather than merely issuing commands that everyone must obey!