Impact of datafication on industry


In this millennium, businesses are sprouting at unparalleled rate. The major grounds for such growth is modern technology using data. Data is highly important for business operations.  The accelerated of rising data is prompted by extensive use of mobile devices, BYOD policies and the affordability of sensors.




At focal point, datafication is the practice of revolving several aspects of life into data and altering it to create value. Datafication relates to the use of digital technologies to unembed the knowledge associated with physical objects by decoupling them from the data linked with them.

With reference to business operations, datafication is performed in organization with the use of tools, technologies and processes to extract data and eventually augment business objectives.  Nearly, all industries actively use datafication process to improve their process. With data, companies can be tracked, monitored and finally optimized. This will assist businesses to enhance efficiencies, increase output. Datafication helps to perform daily task and use maximum resources.

Datafication has positive impact on industry performance. For example, financial institutions can control data to evaluate a person’s honesty and risk factors when applying for a loan. While in hiring and recruiting process, organizations can replace personality tests with datafication to deeply appraise the behaviour, working style, personality of candidate. It can be said that datafication can transform the business and enable the organization to touch the pinnacle in global platform.

In ending the dialog, it is well comprehended that datafication has drastically transformed the business as well as society. It aids in high productivity and considerably improved the businesses.

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