6.4.1.1 - Understanding Phases of Digital Transformation

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Understanding Phases of Digital Transformation: Digitization > Digitalization > Digital Transformation
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Maps

Digitization

Transition from Analog to Digital
Use old workflow
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Digitalization

Improve business process by leveraging data
New Workflow
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Digital Transformation

End-to-end transformation with enhanced core competencies
New Use cases & Experiences
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Assets in form of Currency

Digitization

Fiat currency > e-money (Online Banking)
Digitization of Fiat Currency

Digitalization

CBDC (Central Bank Digital Currency) e.g. Digital Yaun
Cryptocurrencies (Digital Asset) e.g. Bitcoin
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Digital Transformation

Smart Contracts
Programmable Money e.g Ethereum
Decentralized Finance (DeFi)
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Virtual Care Continuum

Digitization

TeleMedicine

TeleCare
Physician
Pharmacist

Digitalization

TeleHealth

Healthcare over a Distance
Remote patient Monitoring
HealthIOT
Tele-Therapies
e-Sitter

Digital Transformation

Digital Health

Convergence of Technologies Enhancing Core Competencies & Enabling new use cases and Experiences
Data
Security
Governance
Blockchain
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Artificial Intelligence
Analytics
Computer Vision
Natural language processing
Computing
Cloud Computing
Edge Computing
Hybrid Computing
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Experience
mHealth
Access
Convenience
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