Business Operation Trend: Digitalization

Digitalization goes hand-in-hand with digitization. While digitalization is often described as a positive development, digitization — or turning physical objects into digital files or data — does not have such positive connotations. Digitization is the process of making something digital. There is no digitalization without digitization. Digitalization and digitization are not new concepts — for example, it’s been used to describe digital currency and digital humans. However, what does the term mean for your business? To understand the concepts of digitalization, let’s first define digitization and digitalization.

Digitization is the process of converting physical documents into digital form like electronic files. To scan the paper document and save it as PDF is an example of digitization.

“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.” — By the Gartner Glossary. Digitalization is a transformation of business models to make use of digital technologies rather than traditional methods. For example, a company deciding to handle digital versions of all its financial documents would be considered part of the process known as “digitalization”.

Business digitalization refers to the integration of technology across an organization, which is intended to transform how it operates with customers and other stakeholders. Digitalization is more than just buying and using a new tool or software; it requires organizations to evaluate, challenge and reconfigure business processes.

How did your business get started on the path to digitalization? Most organizations begin by bringing together all of their data from across the enterprise into a centralized, integrated database where it can be collated and harmonized to provide them with “one source” for information about the state of their business — and individual business processes. Multiable’s suite of ERP solutions gives customers the tools they need to centralize and integrate data, allowing them to manage their operations more efficiently. Multiable ERP system allows businesses to be more efficient, standardized in their business processes and better able to see the data that drives decision making.

About Multiable:

Multiable has been a leading provider of ERP system for more than three decades, and its in-house team is made up of experts. Multiable’s professional consultant team helps you reach your goal. Being a high-end technology enterprise that specializes in developing ERP software, Multiable has become one of the most trusted providers of intelligent business solutions for major enterprises in Asia.

About EDG Grant:

The Enterprise Development Grant (EDG) was launched in 2018. EDG is a single grant that supports companies in the upgrading of business capabilities, innovation and internationalization. EDG replaces the Capability Development Grant (CDG) and the Global Company Partnership (GCP) in the same year.

M18 ERP and M18 HCM is under the scopes of EDG grant.

Our consultants have rich experience in helping customers to get EDG application awarded to deploy our renowned M18 ERP in Singapore. Multiable will provide relevant technical / system related documentations and guide you throughout the application process.

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