If you think digitalization means converting analog information into digital format, you’re off the bat. That process is called digitization. Digitalization, on the other hand, is something much deeper.
It is a mindset of applying digital technologies to every aspect of our personal and business lives. For example, from snail mail, we can digitalize to email or SMS. From manual record-keeping, we shift to automated digital ledgers.
Digitalization is like a paradigm shift from the old way of thinking to a newer way of seeing things.
Other interesting terms…