Digitalisation

1. Information technology.

Converting analogue information into digital formats that can be stored and processed readily by computers.

2. Business models & processes.

Using digital technology to improve an organisational function or to change or enhance a business model.

Covid crisis accelerated digitalisation

"Alongside the sharp focus on liquidity, the crisis has certainly accelerated the digitalisation of the treasury function and prompted treasurers to revisit the ways they work – and it’s also brought an opportunity for treasurers to position themselves closer to the C-level."

François Masquelier, CEO of consulting firm Simply Treasury consulting - The Treasurer magazine, Issue 2, June 2021, p34.

See also

• Binary system
• Business model
• C-level
• CEO
• Digital signature
• Digital technology
• Disruption
• Fintech
• Information technology
• Liquidity