We are undergoing a cultural change, where digitisation, digitalisation and digital transformation are continually happening. We hear these three terms mentioned in conversation when talking about the industry 4.0; however, are often used incorrectly!
Is your company looking to take the next step in their digital journey but not really sure where to start? Here’s a short explanation of each term to help you learn the difference between them and how to use the correct buzzword in context.
Digitisation is the process of converting information into a digital format, that can be understood by computer systems or electronic devices. The term is used when converting information, like text, images or voices, and sounds, into binary code.
Digitalisation is the use of digital technologies to change a business model and provide new revenue and value producing opportunities: it is the process of moving to digital business.
Digital Transformation (often confused with Digitalisation), is the integration of technology into the core of the business, resulting in fundamental changes to how an organisation operates and how value is provided to customers.
As an organisation you must adapt and experiment with new ideas and innovations. This will ensure that you thrive in the fourth industrial revolution.
If your business aims to succeed in the future, knowing the meanings of each of these words will provide a starting point to implement them. Next time industry 4.0 pops up in conversation, you’ll be fully prepared with these definitions!