Impacts of digitization.

Today, the size of a business doesn’t matter, its agility and the capability to re-invent is that gives companies a sustainable advantage to compete in a digitalized world. So, here arrives a question: Has digitization ultimately been good or bad for the society? The question has been debated on since digitization is on attack.

There are multiple ways in which digitization has been a blessing for the evolving digital era: increased productivity, less need of a dedicated workspace, increased mobility and new innovative tools. The world is witnessing an accelerated pace in digitization — the mass adoption of smart and connected ICT by consumers, businesses, and governments. Digitization has helped enhance the world and society in general through flexible and greater work-life integration.

Although blurring the lines between private and work life works wonders on employee and corporate performance, but the implications on family life and health leans on the negative side.

Here are the most significant trends triggered by digitization-

1. Digitization of the processes is not a new phenomenon, but it has reached a new tipping point. The connection between Big Data and robotisation evolves a new economy and hence a new world of work.

2. There are two principal features of this phenomenon: one is the revolution of the platform-based economy with a “winners take all” philosophy, and the other is peer-to-peer exchanges.

3. Digitization can also be considered as the fourth industrial revolution. The first industrial revolution was that of the steam engine, the second of electrification and mass production, and the third that of the computer. Digitization impacts consist of developments in IT, automation of workflows and processes, robotisation, internet and in field of defence and fight against terrorism.

4. Digitization can create new types of jobs, new sectors, new products and new services (data architects, data developers, data analyst and application developers)

Jobs in the digital economy, Christophe Degryse in “Digitalisation of the economy and its impact on labour markets.”

5. Digitization could also accelerate fundamental changes in working practices. New forms of workers, machine-integration and process can bring out new kinds of jobs.

6. Digitization might also lead to job-risks owing to automation of work process, computerization and robotisation. While there is no consensus of how many jobs will be lost, certainty is that the numbers will be very high.

7. Digitization is likely to create an increasingly polarized economy characterized by gaping the inequality between “winner-takes-all superstars” and the masses of losers.

Here’s a list of different impacts digitization is creating over different aspects-

Strengths

· Connected world, open systems, knowledgeable economy

· Networks, exchange, sharing and collaboration, with access based on functionality rather than ownership

· Integration of industries and services: intelligent factories, energy systems, mobility, transport and cities and optimized governance

· Automation, robotisation, learning machines

· Productivity, efficiency and profitability gains

· Zero marginal cost economy

· Innovative products and services, proliferation of mobile apps to make life easier.

· New auto production capacities, micro factories

Weaknesses

· Jobless growth, jobless future

· Emergence of super powerful oligopolies, new world data masters

· Concentration of power and wealth in value chains (equivalent losses for other companies, sectors and countries)

· Protection of personal data exposed to intrinsic risks

· Under- investment and under-utilization of digital tools for the social emancipation of low-income sections of society

Opportunities

· New jobs (computer engineers and scientists, network experts, etc.)

· More ‘agile’ work organization; new forms of more flexible and more autonomous work

· Abolition of repetitive and routine tasks

· Better performance of heavy and complex tasks; Better ergonomics

· New forms of collaboration and cooperation among workers

Threats

· Massive destruction of medium skilled jobs

· Intensification of ‘anytime anywhere’ work; blurring of the boundary between private and working life leading to stress and burnout

· Loss of control by workers of their own expertise and know-how and free will

· Digital management, risk of mutual loss of trust between employees and management

Leave a comment


28 responses to “Impacts of digitization”

  1. I just like the valuable info you supply for your articles.
    I will bookmark your weblog and test once more here regularly.
    I am reasonably certain I’ll be told many new
    stuff right here! Good luck for the following!


  2. Having read this I thought it was extremely enlightening.
    I appreciate you taking the time and effort to put
    this article together. I once again find myself personally spending a lot
    of time both reading and commenting. But so what, it was
    still worth it!


  3. I really like your blog.. very nice colors & theme.
    Did you design this website yourself or did you hire someone to do
    it for you? Plz reply as I’m looking to design my own blog and would like to know where u got this from.
    kudos


  4. Greetings! Very helpful advice within this article! It is the little changes that will make
    the largest changes. Thanks for sharing!


  5. Yesterday, while I was at work, my cousin stole my iPad
    and tested to see if it can survive a twenty five foot drop, just so she
    can be a youtube sensation. My apple ipad is now broken and she has 83
    views. I know this is completely off topic but I had
    to share it with someone!


  6. Your method of explaining everything in this post is actually
    good, all can simply know it, Thanks a lot.


  7. Great delivery. Outstanding arguments. Keep up the good spirit.


  8. naturally like your web site but you need to check the spelling on quite a
    few of your posts. A number of them are rife with spelling issues and I to find it very bothersome to tell the reality however I’ll definitely come again again.


  9. Hello there, I found your blog by way of Google at the same time as looking
    for a comparable topic, your site came up, it appears good.
    I have bookmarked it in my google bookmarks.

    Hi there, simply became aware of your blog via Google, and found that it’s really informative.
    I’m going to watch out for brussels. I will be grateful for
    those who continue this in future. Lots of other folks shall be benefited from
    your writing. Cheers!


  10. Somebody necessarily assist to make critically posts I would state.
    That is the first time I frequented your web page and to this point?
    I amazed with the research you made to make this actual publish amazing.
    Fantastic process!


  11. My brother suggested I might like this web site. He was
    totally right. This post actually made my day. You can not
    imagine simply how much time I had spent for this information! Thanks!


  12. Heya i am for the first time here. I found this board and I find It truly useful &
    it helped me out much. I hope to give something back and aid others like you helped
    me.


  13. I have been browsing on-line greater than 3 hours these days, but
    I by no means discovered any attention-grabbing article like yours.
    It is pretty worth enough for me. In my opinion, if all webmasters and bloggers
    made excellent content material as you did, the internet will likely be a lot more helpful than ever before.


  14. t.co says:

    Saved as a favorite, I really like your website!


  15. I am extremely impressed with your writing skills as well as with the layout on your blog.

    Is this a paid theme or did you customize it yourself?
    Anyway keep up the nice quality writing, it is rare to see a nice blog like
    this one nowadays.


  16. Wow that was odd. I just wrote an really long comment but after I
    clicked submit my comment didn’t appear. Grrrr… well I’m not writing
    all that over again. Anyway, just wanted to
    say wonderful blog!


  17. With havin so much written content do you ever run into any issues
    of plagorism or copyright violation? My blog has a lot of completely unique content I’ve either authored
    myself or outsourced but it looks like a lot
    of it is popping it up all over the web without my agreement.

    Do you know any solutions to help prevent content from being ripped off?

    I’d truly appreciate it.


  18. Its like you read my mind! You appear to know a lot about
    this, like you wrote the book in it or something.
    I think that you can do with a few pics to drive the message home a bit, but other than that, this is magnificent blog.

    An excellent read. I will certainly be back.


  19. I am sure this piece of writing has touched all the internet viewers, its really really
    fastidious paragraph on building up new website.


  20. quest bars says:

    I’ve been browsing online more than 2 hours today, yet I never found any interesting article like yours.
    It is pretty worth enough for me. In my view, if all webmasters and bloggers made good content as you did, the internet will be a lot more useful than ever before.


  21. tinyurl.com says:

    Howdy would you mind stating which blog platform you’re working with?
    I’m looking to start my own blog soon but I’m having a hard time making a decision between BlogEngine/Wordpress/B2evolution and Drupal.

    The reason I ask is because your layout seems different then most blogs and I’m
    looking for something unique. P.S My apologies for being off-topic
    but I had to ask!


  22. fason lazer says:

    Fason lazer kesim için bizlerecut. Bunlara cevabımız hemen bizim site linkine tıklamanız gerek. ulaşmanız gerek. En uygun en stabcut. Bunlara cevabımız hemen bizim site linkine tıklamanız gerek.il fiyatlar bizde. En dürüst satıcıları ile sizleri tükanda karşılamaktan gurur duyuyoruz. Peki sizler bizi neden tercih edesiniz diye bazı spekilasyonlar mev


  23. cut. Bunlara cevabımız hemen bizim site linkine tıklamanız gerek. ulaşmanız gerek. En uygun en stabcut. Bunlara cevabımız hemen bizim site linkine tıklamanız gerek.il fiyatlar bizde. En dürüst satıcıları ile sizleri tükanda karşılamaktan gurur duyuyoruz. Peki sizler bizi neden tercih edesiniz diye bazı spekilasyonlar mev

    Reply


  24. tinyurl.com says:

    My spouse and I stumbled over here by a different web address and thought I
    may as well check things out. I like what I see so i am
    just following you. Look forward to looking
    over your web page again.


  25. Hello there! Would you mind if I share your blog with my facebook group?
    There’s a lot of folks that I think would really enjoy your content.
    Please let me know. Thank you


  26. Hi, i think that i saw you visited my blog so i
    came to “return the favor”.I’m trying to find things to improve my site!I suppose its ok
    to use a few of your ideas!!


  27. bit.ly says:

    I really like it whenever people get together and share
    ideas. Great site, keep it up!


  28. Appreciate you sharing, great blog article. Will read on…


Your email address will not be published. Required fields are marked *