Question

What do you know about digitalization? Write about the digitalization role in our 21st century.

Answer 1

The digital revolution, which started in the 20th century, is referred to as the third industrial revolution. We are currently transitioning to a digital age when everything has been digitalized. Digital technology is used in many facets of human existence and is widely diffused. Furthermore, it is now quite difficult to identify a sector that is not accessible by some form of digital technology.

The process of transforming current processes into digital ones is known as digitalization. The world has entered the digital age since the development of the internet. India is affected by the effects of digitization as well, hence in 2015, the government launched the "Digital India" campaign. This was done so that everyone in the nation may benefit from and encourage internet applications. Digitalization is crucial to the nation's social and economic development. A wide range of industries, including banking, healthcare, and education, have embraced the importance of digitalization.

The term "digitalization" describes the process of improving current company procedures with the use of fresh digital technology. Following the invention of computers, digitalization started in the 20th century. The financial sector was the first example of digitization. It was far more efficient to keep all the records electronically rather than on paper. Following that, automated teller machines (ATMs) were introduced, which was a significant development in the banking industry. Then, a variety of internet trading platforms are used. Payment networks, online banking, and other areas have seen noteworthy advancements. Most businesses had implemented digital transformation by 2019. Our daily lives are increasingly influenced by technologies like Google, Facebook, Amazon, and others. With the use of numerous digital tools, the healthcare industries have expanded. Digitalization is now present in every industry, whether it be corporate procedures, the financial sector, or the car industry.

Many people misunderstand these phrases and believe they all mean the same thing while in fact, they are all related concepts. As it uses digitized information in its process, digitization is a requirement for digitalization. For instance, digitization refers to producing an article in a digital document, while digitalization refers to putting it on the network so that anybody may use it. Digitalization is a subset of digital transformation. Digital transformation is the word used to describe the total conversion of any company or business process to digitalization. The procedure is upgraded via digitization. It does not, however, alter the procedure. Digital transformation, however, refers to the total conversion of an existing non-digital process to a digital one.

Digital tools have almost zero mistake rates and are far faster than people. The result is that it streamlines and expedites our work. Digitalization is advantageous since it saves us money and time. The majority of labor nowadays may be completed quickly and effectively with the aid of digital tools. Internet-connected mobile devices provide us access to power in our palms. Our daily lives today include a variety of digitalization-related applications. But the digital age we live in today is dividing us socially. Digitalization has had a significant negative impact on people who are not well-versed in contemporary technologies. Additionally, since current technology demands highly qualified individuals, relying on digital methods is diminishing prospects for human employment. The negative effects of digitization are reflected in privacy and security issues. Cybercrimes are becoming more prevalent as digital technologies are used in more applications.

Digitalization's primary goal is to convert analog applications to digital applications. Increasing system efficiency, lower costs, and higher production are some of the goals of digitization. Other goals include automation for human comfort and reducing unwelcome risks.

• Digitalization in Banking: The banking industry is now more productive thanks to digitalization. These days, banks provide us the option to send money to anybody, anywhere. To check the balance, we don't need to go to the bank. The use of digital money and payments is revolutionizing society. The RBI is working to make India cashless.
• Digitalization in Education: It was only with the development of digital technology that education started to fascinate pupils. Children learn faster when using films and animations to supplement their lessons. The education industry is changing because to the availability of several online courses and digital textbooks.
• Agriculture and digitalization: Agriculture has advanced significantly in recent years. It raised agricultural production as well. Technology may assist farmers with tasks like soil analysis or crop-friendly weather monitoring.
• Digitalization in Business: Digitalization has improved business operations' efficiency in a variety of ways. It assisted in boosting production while lowering operating expenses. Additionally, it assisted people in starting highly profitable local enterprises.
• Healthcare facility improvements are made thanks to the application of digital technologies. Patients are treated with cutting-edge technology. Additionally, it aided in the study of the condition and its treatment by physicians. It did, however, assist in maintaining accurate patient and physician records. Fitbit bands and other wearable technology are useful for managing minor health issues.

Comments

Modern technologies make it simple to obtain information on the internet from anywhere at any time. The majority of the work may be completed online using a mobile device. In reality, everything may be done online; we don't need to visit any actual businesses or banks. Humans don't need to travel because they can complete all tasks while seated at home. We can now speak with folks who are seated anywhere in the world. These days, video calls are increasingly popular.
The adage "most good things come with terrible things" is well known to us all. And digitization is another. Because of the progress of things, competent employees are needed to run the equipment and fix the issue. The network's various persons and organizations are tracked through digital technology. Since all data and information are controlled over a network, privacy protection is exceedingly challenging. Cybercrimes are centered on networks. Hacking and other security issues are serious worries while utilizing digital technologies. Digital technologies may be extremely addicting, including social networking and online gaming. Time is lost as a result of this. Today, everyone communicates with one another through digital tools. Every day there is less physical contact. People might experience loneliness as a result, making them more vulnerable to depression.
India's economy has benefited from the effects of digitization. The Indian government is making several efforts to digitalize the nation so that its citizens can take use of its many services. The nation's progress is also a result of digitalization. The expansion of the economy is also impacted by digitalization in a number of ways. Successfully creating new career options for young people contributed to economic growth. India's government has made several efforts to digitize the country. In order to modernize and enhance government services, the Indian government developed the idea of e-Governance. The National e-Government Plan was put out by the government in 2006. However, the findings lacked much significance. The Indian government put out "Digital India" in 2015. The idea of "Cashless India" was advanced and is currently quite successful. The government asserts that it may be useful in lowering the incidence of terrorism and money laundering in the nation.
There has been a significant trend toward digitization since the Covid-19 pandemic epidemic. It significantly safeguarded human health, safety, and welfare. The infection is spreading more widely as more people meet together. Therefore, everyone needs a contactless medium in order to have a quiet life and protect themselves from the epidemic. Digital technology significantly facilitated this. In the area of education, there has been significant development. Without attending classes, students can complete their coursework. Children might continue their classes from home thanks to online education.
Researchers were able to "track and trace" the pandemic outbreak with the use of modern technology. It was crucial to have a thorough understanding of the country's emigration in order to combat this pandemic. People were well aware of the pandemic's risks and escalating number of cases. The effects of Covid-19 were better understood by clinicians because of new gadgets. With the use of different digital technologies, they were putting a lot of effort into halting the pandemic's spread. However, thanks to digitization, the immunization process went off without a hitch. People were able to complete their chores with the support of contactless banking and payment systems. The extensive spread of the Coronavirus in the nation might be curbed with the use of online food shopping, online pharmacy, online recharge, and online bill payments.
We might conclude that digitalization is now necessary given the significance of digital technology in our day-to-day lives. The Corona pandemic is the current example. The only reason this infection could be fought was because of digitalization. Contemporary public demands modern methods. People are addicted to the taste of technology, thus they anticipate more new technologies to make their work easier. The future of the country is thought to lie in emerging technologies like artificial intelligence (AI) and the internet of things (IoT). However, the world's future is looking bright thanks to the digital age.
The internet is the center of digitalization. As a result, it is regarded as the foundation of digitization. India needs to adopt digitalization if it wants to go from a developing to a developed nation. Although it does have certain risks, difficulties, and drawbacks, we cannot undervalue its significance in our daily lives.