English Language · English

The digitalization of industries, driven by advancements in technology, is transforming traditional processes into digital workflows, enabling businesses to streamline operations, enhance customer experiences, and develop new business models. While this change has disrupted traditional industries such as media, retail, and transportation, it also is creating new opportunities for companies to leverage digital platforms, cloud computing, and data analytics to improve efficiency, personalize offerings, and explore innovative revenue streams. The production and distribution process has also been revolutionized by technology, with advanced manufacturing technologies like 3D printing reducing prototyping costs, accelerating production, and enabling customization. These changes are improving efficiency, reducing costs, and increasing market reach for many industries, while also facilitating global e-commerce, enabling businesses to reach customers worldwide and reshaping traditional retail models. Which of the following statements can be inferred from the above passage? 1. Companies embracing digitalization may thrive while some traditional business models risk obsolescence. 2. Technology is transforming production, distribution, and sales, making businesses more efficient and connected. Choose the correct answer using the codes given below.