Module 1 - The meanings of the "digital" Flashcards
1
Q
What is digitization?
A
The conversion of products to a digital format (analog products to digital products) Example: Music from vinyls to CDs.
2
Q
What is digitalization?
A
The innovation of business models and processes that exploit digital opportunities. Example: Music from CDs to iPod
3
Q
What is digital transformation?
A
The restructuring of economies, institutions, and society that occur through digital diffusion. Example: Music from iPod to streaming services.
