“Responsibilities Multinational Enterprises Are Exposed to in Relation to Data-Driven”
Speaker: Operations of most multinational organizations are increasingly becoming data-driven. Data-driven enterprises are responsible for efficiently capturing information pertinent to their current and forthcoming activities (Hajkowicz & Dawson, 2019). Multinational organizations use data as the root for business agility and innovation to reduce organizational risks and drive new income sources. They make operational use of data to present rational decisions through analytics and artificial intelligence. In light of this, they come up with effective and increasingly automated day-to-day choices as well as enterprises’ long-term plans (Hajkowicz & Dawson, 2019). Notably, multinational enterprises play a vital role in storing and protecting data to facilitate confidentiality, privacy, and ethical integrity. Multinational organizations are entirely devoted to sustaining and developing a considerable, data-driven culture by creating a digitalized infrastructure, relying on knowledge-based capital, and developing the 5G mobile technologies (Hedgebeth, 2007). They have an obligation to make streaming services, employ data science workers, improve data collection techniques, provide quality data, use the blockchain to restructure the digital economy and move the enterprise data to the cloud, thus producing a data-driven economy.
Hajkowicz, S., & Dawson, D. (2019). Digital Megatrends: A perspective on the coming decade of digital disruption, 44. Retrieved 5 April 2021, from https://data61.csiro.au/en/Our-Research/Our-Work/Future-Cities/Planning-sustainable-infrastructure/Digital-Megatrends-2019.
Hedgebeth, D. (2007). Data‐driven decision making for the enterprise: an overview of business intelligence applications. VINE, 37(4), 414-420. https://doi.org/10.1108/03055720710838498
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