Business in a changing world

Business by doing it right, meant by turning resources into products and services in the most efficient and sustainable way, has never been more challenging, but at the same time, opportunities have never been greater. Companies are also required to consider the concept of corporate social responsibility (CSR) has long been used as an effective policy in testing business actions that can be taken to ensure prosperity and long-term sustainability that is mutually beneficial. CSR provides the context of the role of business in the global community, comparing business performance with its responsibilities to society and the environment and to shareholders.

BI (Business Intelligence) on three – step approach to developing insight :

1. Landscape technology and and priority,
2. Technological insight,
3. Foresight convergent impact.

BI (Business Intelligence) in companies can also use models to predict how they will work in the future under different designs. Modeling allows companies to experiment with their operations in a risk free way. Companies can test various strategies, and make mistakes, in virtual representations of reality. Companies must be able to use the model effectively to test how variable changes in the business environment will affect company performance.

Companies must be able to use the model effectively to test how changes in variables in the business environment will affect company performance, namely by using outstanding social media applications such as Instagram and even WhatsApp, which definitely uses Big Data as a large enough file storage. The dangers of Big Data can be largely avoided, but it will not occur unless we persistently protect people’s privacy, detect and correct injustices, use algorithmic recommendations carefully, and maintain a strict understanding of how they work in algorithms and data that inform their decisions.

Reference :  https://www.weforum.org/agenda/2015/01/business-in-a-changing-world/