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The Multimedia Basics II
The Multimedia Basics II
The Multimedia Basics II
(ii) Slideshows:
Combine your pictures with music and animate them in a slideshow.
Let’s start with the term digitization. Digitization refers to creating a digital representation of
physical objects or attributes. For instance, we scan a paper document and save it as a digital
document (e.g., PDF). In other words, digitization is about converting something non-digital into
a digital representation or artefact. Computerized systems can then use it for various use
cases. An example from manufacturing would be when a measurement is converted from a
manual or mechanical reading to an electronic one.
Digitization is foundational. This is the connection between the physical world and software.
This is what we been doing since the 1960s. It is an enabler for all the processes that provide
business value because of the need for consumable data.
Key benefits of digitization
· Eliminate transcription errors
· No physical limits for storage
· Integrate business systems
· Improve accessibility to information
· Increased safety of any critical data
· Integrated online resource sharing
· Reduced chances of missing data
· Many users can access a digital file at the same time
· Compatible with all modes of digital data transfer
Fearful of being outflanked by more nimble competitors, companies are seeking to accelerate
innovation, experimenting with new digital services and capabilities to augment existing
offerings or to slide into adjacent markets.
Restaurant chains such as TGI Fridays and IHOP, fearful of being rendered irrelevant by
hipper, more tech-savvy boutique brands, are experimenting with virtual assistants to facilitate
mobile ordering.
Grocery chain Albertsons is working on anything from personalized product deals and onetouch
payments for gas to AI software and robots that move product around its warehouses, says
Ramiya Iyer, general vice president of IT for omnichannel sales and services.
Startups play a critical role in many organizations’ transformation strategies. BMO Harris Bank
accelerated the loan origination process with software from startup Blend to become a preferred
digital destination for consumers, says Thomas Parrish, the bank's director of consumer lending
product management. Previously, bankers spent up to an hour drafting the loan applications
while customers waited.
"We didn't have a good user experience," Parrish says. With Blend, consumers complete
applications in minutes. Moreover, applicants can fill them out on weekends rather than be
beholden to the banker's hours.
As a result, online mortgage and home equity application volume at the bank has risen 275
percent over the same period last year, and more than 80 percent of mortgage and home equity
applications are now submitted using Blend. The technology enables BMO Harris’ bankers to
spend more time serving customers rather than filling out and filing paperwork, Parrish says. “It
keeps up cutting edge and current," says Parrish.
Transforming products into services is another key motivation. Digital twins, for example, are a
new reality in the manufacturing sector. Organizations from General Electric to Boeing and
McDermott International are creating software versions of their physical assets, ideally to
generate application revenue.