Digitisation

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1. Information technology.

The conversion of information into a digital form that can be processed by a computer.


2. Information technology - business models.

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

Also known as digitalisation.


Digitisation is change driver

"From a Treasury and Payments trends perspective, there are six major areas driving change, creating opportunities, as well as bringing challenges:
  • Standardisation and convergence of payment rules and formats
  • Modernisation of Payment Systems and Infrastructure
  • Increased development and importance of currencies and new markets, as trade and commerce flows evolve
  • Digitisation and surge of new alternative payment channels and currencies
  • Big Data and Analytics
  • Regulations, Taxes and focus on Risks/Controls"
The Treasurer's Wiki, Cash management in Latin America.


See also