Digital transformation

PREPARED BY EEC INTERNATIONAL

Digital transformation

In recent decades, the accelerated development of digital technologies has transformed nearly every sector and aspect of our daily lives. It has reshaped our work practices and environments, provided instant access to droves of public and private information, simplified international trade, and facilitated learning and socialization. Electronic commerce, and its counterpart, electronic payments, are now commonplace in many countries. Notably, they have enabled a means for millions of manufacturers and retailers to survive the pandemic and consequently have given locked down consumers access to many products. Video-sharing platforms have become an increasingly significant source of entertainment and education. Video games now occupy a significant portion of leisure time, especially for the younger population. In 2020, audio and video social interactions rely increasingly on IP communication. Artificial intelligence, machine learning, robotization and automation are here to stay and will continue to have an impact on this profound and fast-paced transformation.