your password has been reset successfully, Please login again.

Accept the Nascent Digitization in the Indian Industry

Embrace digitization into the organizational structure
BY Jaspreet Kaur
Feature Writer, BusinessEx
Oct 10,2018

The inception of digitalization has brought organizations a step closer to the consumers. With the intervention of digitalization, it is easier to connect to the customers and learn about their feedback. However, its onset has sprung another thing named digitization, which is as essential as any other element for companies for survival.

Every now and then, technology is emerging with a new source to cater to customers needs and market demands. In such a fast-changing environment, coping up with new trends become a daunting task for companies as timely transformations can only deal with the market challenges for a momentary period but not for a lifetime. Thus, it is essential for companies to be a disruptor then getting disrupted.

Presently, technology has averted old ways of operation and reinvented new ones. As a result, chores like shopping, socializing and even, travelling are performed via technology. Unfortunately, the shipping and logistics sector have not tasted fruits of the innovation and thus, essentially rely on the conventional mode of operation. Originally, the logistics sector had entered a decade ago and since then, less transformation has been seen in the field. Most of the operations are performed manually owing to which, digitalization or digitization could not be adopted by the logistics companies. However, the logistics sector can change the future by harnessing big data, analytics and machine learning in the logistics process.

Adopting new trends would facilitate optimize the transfer of goods, without harming the product, and also maintaining its sustainability.

Why Adopt Digitization?

Embracing digitization has always become questionable for companies. Being the newest trend, its acceptability is taking time as organizations are a sceptic of its role. To grasp in-depth knowledge about it, it is important to recognize its function:

Restructure

On the emergence of technology and AI, it was widely misperceived that employment was at a stake as layoffs were done in large numbers. However, the positive impact of the transformation shadowed negative impacts that lasted for only a small period of time. Similarly, there are various other interventions, which led to a revolution but later got accepted by the system.

Thus, this signifies that industries should evolve with the changing times. By accepting the trend, not only companies progress on the success ladder but they also generate new job opportunities and renders growth.

Producing Highly-Equipped Workforce

Automation and digitization are an entirely new process and like other interventions, they cater new opportunities to the workforce, shifting monotonous work to creative work.

After restructuring the organization and educating new skills to the workforce, it becomes easier to adopt the latest trends and render unique market solutions to the customers.

AI is the latest adoption of the companies into their organizational structure, which has broken conventional way of running the organization. Now, AI and manforce working co-existent to each other and as a result, various new roles have been generated for the man force. These roles require advanced skills and knowledge and are not going to end up in the coming time.

The aforementioned reasons state why adopting digitization is a must in the present business scenario.

Please add your Comment
SIMILAR Articles
February 12, 2019
Plainly trusting on the success rate of the stocks and betting your hard-earned money into plans can ...More
By Jaspreet Kaur
February 11, 2019
Ascertaining a good business idea is not difficult nowadays, the surging economy easily renders new ...More
By Jaspreet Kaur
February 09, 2019
Oodles of hard work and knowledge need to be imbibed to become a good businessman ...More
By Jaspreet Kaur
February 08, 2019
Success is not only relatable to startups; it can be achieved by acquisition of failed ventures also ...More
By Jaspreet Kaur
February 07, 2019
One can earn good revenue from waste management business besides creating positive impacts in the so ...More
By Jaspreet Kaur
February 05, 2019
Regulating the waste is a jostling task for the regime, so it's time for young millennials to become ...More
By Jaspreet Kaur
February 04, 2019
An entertainment centre business directly deals with chunks of masses and thus, promotion precipitat ...More
By Jaspreet Kaur
January 31, 2019
To find the root cause, employers need to dive deeper into the problem and the results were totally ...More
By Jaspreet Kaur
January 31, 2019
Reckoning the candidates completely is not fair; an employer should consider crosschecking his backg ...More
By Jaspreet Kaur
January 30, 2019
Hiring a software company for the work is like employing the candidates in the company ...More
By Jaspreet Kaur
January 30, 2019
A good entrepreneur should be organized and capricious; also, he should possess a bring-it-on attitu ...More
By Jaspreet Kaur
January 29, 2019
Managing the customer base is significant for the company as customers are the main source of revenu ...More
By Jaspreet Kaur