book chapter · 2023
Digitalization
Pinki Chugh, Harsh Kumar Verma, Isha Ali
Cited by 0Abstract and details only
Abstract
Digitalization, or the automation of jobs and processes through the use of cutting-edge technology and artificial intelligence (AI), is progressing quickly. Powerful computing resources and data are becoming more widely available, which has the potential to revolutionize many sectors and change how we live and work. The ability to swiftly and effectively collect and analyze massive amounts of data is one of the main advantages of digitalization. The current state of digitalization and its applications in several industries, including healthcare, finance, transportation, and manufacturing, are examined in this research study. AI-powered digitalization in the healthcare industry can be used to evaluate medical pictures, support diagnosis and treatment, and enhance patient outcomes. Similar to this, digitalization in finance can be used to spot fraudulent transactions, control risk, and improve investment choices. AI-driven digitalization in the transportation sector can be applied to traffic control, logistics optimization, and the creation of autonomous vehicles. Digitalization is also used in manufacturing to automate monotonous operations, boost productivity, and cut costs. While digitalization offers numerous prospects for increased production and efficiency, it also has drawbacks. The possible loss of jobs as automation rises is one of the key worries. The use of AI raises ethical issues as well, such as the possibility of prejudice and the requirement for accountability and transparency. To ensure that AI serves the interests of society as a whole, it is our duty as academicians and practitioners in this area to develop and deploy it responsibly and deliberately. The purpose of the article is to shed light on the potential and difficulties brought about by digitalization as well as the significance of resolving any ethical issues that may arise.
Cite this paper
Chugh, P., Verma, H. K., & Ali, I. (2023). Digitalization. https://doi.org/10.1201/9781003365525-16
Chugh, Pinki, et al. “Digitalization.” 2023, pp. 197–206, https://doi.org/10.1201/9781003365525-16.
Chugh, Pinki, Harsh Kumar Verma, and Isha Ali. 2023. “Digitalization.” https://doi.org/10.1201/9781003365525-16.
Chugh, P., Verma, H.K. and Ali, I. (2023) ‘Digitalization’. Available at: https://doi.org/10.1201/9781003365525-16.
@incollection{chugh2023digitalization,
title = {{Digitalization}},
author = {Chugh, Pinki and Verma, Harsh Kumar and Ali, Isha},
pages = {197--206},
year = {2023},
doi = {10.1201/9781003365525-16}
}Made from the index record. Check names, capitalisation and page numbers against the paper. Need another style? AI for Research has over 10,000.