Research on the Measurement and Mechanism of Data Elements Enabling Breakthrough Innovation of Private Enterprises

DOI: https://doi.org/10.62517/jse.202411320

Author(s)

Daiteng Ren, Shujing Kang

Affiliation(s)

Ningbo University of Finance and Economics, Ningbo, Zhejiang, China

Abstract

This research endeavor holds a pivotal role in elucidating the measurement and underlying mechanisms of data elements, which have emerged as pivotal catalysts for fostering breakthrough innovations in private enterprises. Through a meticulous and rigorous analysis of the intricate utilization and integration patterns of these data elements, we aspire to offer a comprehensive and nuanced understanding of how private firms can harness the immense power of data to foster disruptive and transformative innovations. Our study focuses on identifying the crucial factors that underpin the successful execution of data-driven strategies. These strategies augment enterprises' innovative prowess and propel them to the forefront of their respective industries. The insights gained from our research transcend theoretical frameworks, offering practical strategies and profound understandings that serve as a compass for private enterprises navigating today's rapidly evolving, data-driven economy. By harnessing these insights, private enterprises can maintain their competitive edge, seizing growth opportunities in a fiercely competitive environment. Ultimately, this research holds tremendous potential in shaping the future of private enterprises, empowering them to leverage data as a strategic asset and transform their businesses for enduring growth and prosperity.

Keywords

Data Elements; Breakthrough Innovation; Measurements; Mechanisms; Private Enterprises

References

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