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.
