Digitalization refers to the conversion of information into digital form and its widespread application across various sectors. It is becoming increasingly important for business growth by creating new revenue opportunities and changing business models. Companies must adopt digitalization to gain competitive advantages over rivals by making processes cheaper and faster. The benefits of digitalization for businesses include increased productivity and innovation, while governments can utilize it to improve public services and transparency. IT departments play a key role in digitalization by ensuring the proper technology and platforms are in place. As digitalization disrupts traditional business models, it has become essential for all companies to embrace it in order to remain competitive.

1. Digitalization of companies
Prepared by Mustafayev Mir-Jabrail
Economy class, 3rd course

2. What is digitalization
Digitalization is widespread concept in
modern life.It is a broad concept.In
today s world, the interest in
digitalization is growing, it is applied in
almost all areas today.Examples
include many sectors of the economy,
the financial and banking sectors and
others.Of course it will expand in these
and other areas.The importance of
digitalization has increased today and
will continue to grow in the future.If
we define the digitalization in a short
sentence, it is shortening the
information on paper and
transformation to electronic form.

3. The role of digitalization in business growth.
• The significant impact of digitalization on
revenue, productivity and innovation is
increasing the interest of companies in
digitalization.Digitalization of the company is
use of gifital technologies to create more
revenue and value added opportunities by
changing the business model.Digitalization
affects not only technology-based
businesses.It also affects any sector,firm and
company.it is an undeniable fact that now all
enterprises, organizations and companies
will switch to digital technology will be
severely affected by.

4. The role of digitalization in business growth.
• Digitalization can give you an advantage
over your competitor by making it cheaper
and faster.Using digital solutions can help
gain an advantage over your competitors in
your business life.The right combination of
technology and information can provide a
digital advantage that create competitive
advantage.The ways in which companies
compete with each other are now changing
with the use of digital technology causes a
lot of innovation:

5. The role of digitalization in business growth.
• Changes the key factors of success
• The resources for practice and analysis are
expanding
• Change in customers expactations and
behavior towards the company affect
• Reduces barriers to entry into business
• It saves a lot of time and shortens time
horizons
• The speed of improving business models
needed for more revenue increases

6. Why companies must choose digitalization.
Digitalization violate many
traditional business rules.it
provides the company with new
ways to generate more revenue
and create more value.It helps to
improve quality and ensure
consistency.There are several
reasons why companies are
moving towards digitalization:

7. Why companies must choose digitalization.
• To be ahead of your opponent in solving the
case
• To achieve your mission
• Global average
• Save costs
• Constant interaction with customers
As you can see, there are many reasons why
companies are moving to
digitalization.Because there are many benefits
to switching to digital:

8. The benefits of digitalization
• Digitalization can simplify the country s security
systems, infrastructure and economy
• Digitalization in the provision of both public services (
certificates issued by the government or bank and a
number of services) and the need for citizens to provide
other advisory services promises perfection
• All trade, commerce and settlement that takes place
around the world transactions can be facilitated
through digitalization
• Illlegal activities such as money laundering and
embezzlement can be protected and prevented
• Digital platforms eliminate the intermediary by directly
connecting the buyer and seller can lift
• Digital platforms are better at motivating and hiring
gone staff provides motivation

9. The role IT in digitalization.
• From a technological point of view,
digitalization involves one or more software
platforms thar use the best technologies to
suit the individuals needs of each company.It
is the ultimate platform thatbis a key
component of digital component of digital
business and its success.The IT department
plays a key role in ensuring the right and
effective digitalization.The truly reap the
benefits of what digitalization can offer, a
number of changes are needed in the way
people collaborate within the company.

10. The role of IT in digitalization.
• One of the main functions that needs to be
rediscovered, in particular, Is the IT department.IT
services not only provide skills in activities such as web
and software development, but also link these skills to
other areas such as design, sales and
marketing.Effective and sustainable use of technology
will lead to a better position in the online
market.Digitalization is enhanced by technology-
nanotechnology, robotics, artificial intelligence,
computer processing, mobile technology, the tools we
can use to perform various tasks on the
internet.Innovation, adaption, improvement of
solutionds and solution of many problems create a
digitally transformed business.Digitaliztion has already
developed in the work of government agencies.Almost
all government agencies have already switched to
digitalization.Today citizens with IT experience and
preferred in istitutions and government agencies.

11. Digitalization in government.
• Digitalization of government
agencies and public services is a long
and sustainable process but its
solution can help create a pleasant
and effective experience for all
stakeholders.Digital government is
based on the data to facilitate the
operations of citizens, business, as
well as government agencies.It
create information from data to
support and improve decision
making.

12. Digitalization in government.
• It also shapes the relationship
between different level of
government and other social and
political members.It can lead to
transparency and openness, cost
savings, better governance, efficiency
and effectiveness and most
importantly a better quality of life for
citizens.To do this, digital government
is constantly evolving and updating.

13. The result.
• Digitalization is no longer an option
for companies.It is becoming demand
for every enterprise,organization,
firm and company that wants to
increase its competiveness.Finally we
can say that digitalization can disrupt
conventional models and benefit
people from many quarters.

14. Sources:
• https://factory.dev/blog/digitalization-business-growth
• https://www.comparethecloud.net/articles/business-digitalisation/
• https://www.emerald.com/insight/content/doi/10.1108/JMTM-01-
2018-0020/full/html
• https://digitalagencynetwork.com/what-is-the-role-of-digitalisation-
in-business-growth/

15. THE END
Thank you for your attention