New digital technologies, such as artificial intelligence (AI), internet of things (IoT), and building information management (BIM), offer incredible opportunities for almost all industries. Technology has developed to such a level of maturity that the human mind has become the limiting factor. If we can dream it up, machines can do it. And even if we can’t dream it up, sometimes machines can dream it up for us and make it happen.
According to the recognized technology analysis firm Gartner, Digitalization is the use of digital technologies to change a business model and provide new revenue and value-producing opportunities; it is the process of moving to a digital business. There are fundamentally three ways to benefit from Digitalization:
Develop new business enabled by digital technologies
Operate existing business more effectively and efficiently by leveraging digital technologies
Add new business to your existing business by applying digital technologies