digitization

Digitization is the process of converting business operations, services, and information from analog to digital formats, enabling automation, data analysis, and improved efficiency.

Why it’s in the news: It is in the news as it accelerates across sectors like banking and SMBs, while also creating new challenges related to implementation, security, and workforce adaptation.

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.