Section 4

Digital Transformation

Digital Future: What Is In It For Everybody?

We can’t avoid all the tech jargons if we were to talk about and discuss further on the digital future.Things like Gig Economy, Slashers, or even new terms that had yet to be coined alongside invention of new technologies and new ways of living or doing business. How would anyone foresee terms like Youtuber, Instagramer, Tik-toker, datanomics, predictive analytics etc prior to these tech achievements and real world application? What would the future of jobs look like? No matter how things progress and develop, it is going to touch us or affect us in a way or another.

Digitization: Catch Up or Left Out

Like it or not, it is not up to us to decide whether to embrace digital technology or not. Digitization has become a necessity, especially for businesses. It’s a must and it must be embraced now. Almost everything that concerns our economy is being digitized. Things as small as our daily routine reminders to nation state level decision making. Things as simple as measuring our heart beat to monitoring pandemic data on a global scale. The only choices left to us are to either catch up or be left out in this unstoppable wave of digitization.

Going Digital: What It Takes and What We Get

Going digital is not merely putting your business on the internet, nor is it simply setting up a social media page or channel and hope for automatic crowd pulling. It takes more than what it seems, far more than what most people think it is all about. While leveraging digital technology to make life easier makes sense to a certain level, there is still lots of hard work and effort to be put into it. For instance, resource investment such as time and money, learning curve, opportunity costs etc. Either you pay with money or something else, such as time and data. You make your own choice and take full responsibility to it.