Digitalization and automation exponentially capture all areas of our society. If a few decades ago today`s technologies seemed to be our far future, but to date, it is our reality, that we encounter every day. Sometimes we cannot imagine our life without these new contemporary technologies, even we cannot go a day without using new technologies. GPS, banks, grocery stores, gas stations, internet, mobile phones, laptops, and so on, work using these contemporary technologies notwithstanding whether we are aware of it or not. Corporate governance, commercial contracts, commercial trade, telecommunications, and so on, are increasingly introducing new technologies into their day-to-day activities. Digitalization and automation are ways of managing to increase the productivity of public and private entities. Over the past few years, we have been hearing about artificial intelligence (AI) from everywhere. On the one hand, AI is the highest degree of automation, but on the other hand, it is something more than automation, it is the actual creation of a new form of life. Hype advertising is trying to turn any new technology into artificial intelligence, but businesses and consumers need to draw a line between the AI and automation so as not to fall for the bait of marketing specialists.