Digitalization, or digitization, is the process of converting assets and processes to a digital format that a computer can read. This can include converting documents, sound, and video. It is part of the process of shifting to digital business.
Digitalization is important for organizing and leveraging data. All assets are converted to a digital format, making it easier to store, share, manage, and analyze the data using the same platforms and methods. The process of digitalization promotes ease and accessibility.