defaterialization

Defaterialization, also known as dematerialization, refers to the process of replacing physical materials or objects with digital information or services. This often involves a shift from tangible goods to intangible assets or functions. A common example is the transition from physical mail to email, or from paper documents to digital files. In business, defaterialization can manifest as the move from physical retail stores to online e-commerce platforms, or from physical media like CDs and DVDs to digital downloads and streaming services. This trend is driven by technological advancements, cost savings, environmental concerns, and the convenience offered by digital alternatives. The increasing availability of internet access and sophisticated digital devices further facilitates this transformation across various sectors of society. While offering numerous benefits, defaterialization also raises questions about digital inclusion, data security, and the potential obsolescence of traditional industries.