digitization

Digitization is the process of converting information or business operations into a digital format, such as moving from paper records to software systems or manual processes to automated workflows.

Why it’s in the news: It is in the news as businesses, particularly in sectors like banking and SMBs, accelerate digital transformation to improve efficiency and adapt to new technologies like AI.

Latest on digitization

• From payments to appointments: The next phase of SMB digitization
• rising threats from AI models and accelerating digitization of banking and payments sectors
• A repair shop digitizing workflows doesn't just need better scheduling; they need their technicians to trust it, their customers to accept it, and their margins to survive the implementation period when productivity dips.

Connections

2 entities linked to digitization across the news graph.