Characteristics of Digitalisation:
1. Ubiquity and Interconnectivity:
- Pervasive presence of digital technologies across all aspects of life, including personal, social, economic, and environmental domains.
- Seamless integration of devices, data, and services through interconnected networks and platforms.
2. Data-Driven and Analytics:
- Generation, collection, and analysis of vast amounts of digital data from various sources.
- Use of advanced data analytics techniques to extract insights, make predictions, and automate decision-making.
3. Automation and Artificial Intelligence (AI):
- Employment of automation technologies to perform repetitive or complex tasks, increasing efficiency and productivity.
- Integration of AI algorithms and machine learning to enhance data processing, decision-making, and personalized experiences.
4. Cloud Computing and Virtualization:
- Provision of computational resources, storage, and applications through remote servers (cloud) accessible via the internet.
- Creation of virtual environments that provide flexibility, scalability, and cost-effectiveness.
5. Cybersecurity and Privacy:
- Focus on protecting digital systems, data, and personal information from cyberattacks and unauthorized access.
- Implementation of robust security measures and adherence to privacy regulations.
6. Digital Divide and Inclusion:
- Unequal access to and use of digital technologies among different demographics.
- Efforts to bridge the digital divide and ensure equitable participation in the digital economy.
7. Transformation of Industries and Society:
- Fundamental shift in business models, workplace practices, social interactions, and education.
- Creation of new digital industries and industries undergoing digital transformation.
8. Convergence of Technologies:
- Integration of different digital technologies such as AI, cloud computing, IoT, and blockchain to create innovative solutions and enhance user experiences.
9. Ethical and Responsible Use:
- Consideration of ethical implications related to data privacy, biases in AI systems, and the impact of digitalization on society.
- Promotion of responsible and ethical use of digital technologies.
10. Innovation and Disruption:
- Digitalization fosters innovation through the rapid development of new technologies, products, and services.
- Disruptive potential to challenge existing market dynamics and create new opportunities.