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Data Management in Enterprises Under the Influence of Digital Transformation

In: Eurasian Business and Economics Perspectives

Author

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  • Yordan Balabanov

    (University of Library Studies and Information Technologies)

Abstract

. The paper analyzes the technological challenges in data management in enterprises, where the aim of the analysis is to provide guidelines for synchronized data management, which gives the opportunity to supply up-to-date, reliable, and relevant information that is obtained in real time for sustainable corporate development. To achieve the goal set, the architectural structure of multi-cloud data storage environments is studied, as well as hybrid approaches for decentralized data management. The structural development of enterprise resource planning (ERP), customer relationship management (CRM), and business intelligence is studied, as integrated information systems, interacting with each other in the cloud as Software-as-a-Service at the stages of business process implementation in back and front office. It studies the technological development of information systems in data processing in the process of providing quality information, namely, artificial intelligence and machine learning, robotic process automation, and Internet of Things as well as blockchain technologies. The results of the research prove that investments should be made by businesses in the development of strategies for the perception of digital transformation in achieving organizational efficiency. The optimization in data management approaches contributes to building up information reliability and synchronization which has a central position in making competitive decisions in real time, which characterizes the nature of the modern “intelligent enterprise.”

Suggested Citation

  • Yordan Balabanov, 2023. "Data Management in Enterprises Under the Influence of Digital Transformation," Eurasian Studies in Business and Economics, in: Ender Demir & Mehmet Hüseyin Bilgin & Hakan Danis & Fabrizio D'Ascenzo (ed.), Eurasian Business and Economics Perspectives, pages 121-133, Springer.
    • Handle: RePEc:spr:eurchp:978-3-031-30061-5_7
    DOI: 10.1007/978-3-031-30061-5_7
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