Digitisation

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

• Cash management in Latin America
• Digital wallet
• Digital signature
• Digitalisation