Key assets of an organization become intellectual assets. This causes companies around the world to develop new ways of measuring and managing their intellectual capital. Labor is becoming highly variable, and not so interchangeable as in a factory. In the new economy, information is in digital bits. When digitized, information is compressed and transmitted quickly.
Quality can be very superior to analog.
Digitization is more than just 0 and 1. Bits are used to represent many types of information. Audio, video, graphs, and photographs can all be digitized. Delivery of the mail from the post office takes a minimum of one day at best, and several days is more common. Digitization can send mail electronically in a matter of minutes.