The New Corporate Data Ecosystem

Federica De Santis ()
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Federica De Santis: University of Pisa

Chapter Chapter 1 in Artificial Intelligence in Accounting and Auditing, 2024, pp 1-23 from Springer

Abstract: Abstract The pivotal role of information in managing and governing business has long been acknowledged in academic research. Over the past decade, the enterprise data ecosystem has expanded significantly at an apparently boundless pace. We are now immersed in the “digitization” or “datafication” era, and companies worldwide must grapple with the availability of unprecedented volumes of high-velocity, high-variety complex data. This compels companies to fundamentally innovate the way they conduct business, make decisions, and carry out internal and external controls. This chapter will present an overview of the various data sources made accessible to companies by ICT and will scrutinize their most pertinent attributes in terms of both opportunities and challenges in business settings, underscoring the need for companies to confront these data challenges.

Keywords: Data ecosystem; Business decisions; Internal controls; External controls (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-71371-2_1

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DOI: 10.1007/978-3-031-71371-2_1

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