Digitalization is the basic use of digital technologies in every activity and process

made possible. Digitalization in business is used to provide new revenue and

value-producing opportunities, and has proven to be almost essential for business
success nowadays.
One impact on Digitalization in business is that it helps to improve the efficiency
of its operations, also producing fewer human errors. It helps in reducing the cost
for the co-workers as traveling is not needed due to social activity based online,
which gives the workers an environment of their own choice.
Another impact on Digitalization in business is the Coud. As the cloud takes over
storage devices such as Pen Drives and Hard Disks etc. Cloud computing has
earned a big reputation due to their enormous impact on team collaborations and
team performance. Many advantages are there such as unlimited amount of
storage space helping the businesses store many files and info as they want and
less data leaks which lets the documents stay confidential.
In conclusion Digitalization in business can be very useful and efficient for the
company but it comes with a few risks. Businesses may face different obstacles
such as viruses, hacking, data breach and etc. That could lead to bigger problem
at times.