From Digitization to Digital Economy In today’s rapidly evolving technological landscape, digital transformation has become a strategic imperative for organizations and economies alike. Understanding its foundational building blocks and their connection to the broader digital economy is essential for leaders, policymakers, and institutions seeking sustainable growth and competitive advantage. Digital transformation management is built on three core building blocks. The first building block is digitization . This is the process of converting analog information into digital data. For example, scanning paper documents or capturing customer information in a digital system. Digitization creates the digital foundation. The second building block is digitalization . This involves using that digital data to impr...