Digitization is the integration of digital technologies into everyday life. Nowadays, starting from morning alarm to ordering food for dinner from an app, everything is digital. Digitization has already made its impact on our day to day life. Some of the changes that we came across in our day-to-day life due to digitalization are:
1. Digitization helps in reducing paper waste by replacing traditional paper use.
2. It helps in reducing fuel consumption and emission of carbon monoxide by replacing traditional petrol and diesel vehicles with electric vehicles.
3. It helps in saving natural resources.
Digitization has played a major role in helping the Indian economy grow. Major Indian cities like Bengaluru, Hyderabad are now becoming IT hubs. Cashless transactions are encouraged due to digitization, which helps authenticate and formalize the transactions that are done. This helps in curbing corruption, and the flow of black money which results in an increase of economic growth. Digital banking reduces the operational cost of banks which helps the bank to save money and cut down costs.