|Table of Contents|

Functioning mechanisms and challenges of data elements in leading innovation in modern economy(PDF)

《长安大学学报(社科版)》[ISSN:1671-6248/CN:61-1391/C]

Issue:
2024年03期
Page:
47-49
Research Field:
经济学
Publishing date:
2024-06-10

Info

Title:
Functioning mechanisms and challenges of data elements in leading innovation in modern economy
Author(s):
CHEN Sheng ZHANG An
(School of Public Policy and Administration, Chongqing University, Chongqing 400044, China)
Keywords:
“data element × digital economy functioning mechanism synergy effect
PACS:
F49
DOI:
-
Abstract:
To gain a profound comprehension of the concepts and attributes of data elements and their diverse roles in the contemporary economy-particularly in fostering economic innovation and advancement through the multiplier effect of data elements-this paper undertakes an extensive examination. Drawing upon literature review and theoretical discourse, it meticulously analyzes the interplay between data elements and conventional production factors, as well as the pivotal role of data in decision-making support, resource optimization, innovation stimulation, and enhancement of production efficiency. Concurrently, the study delves into challenges associated with the application of data elements, encompassing issues such as data security, privacy protection, data management, and data quality. Findings indicate that data elements substantially enhance the innovation capacities and production efficiency of enterprises and economies alike. Leveraging data analysis and application enables enterprises to gain deeper insights into market demands, refine products and services, curtail operational expenses, and augment the precision of decision-making processes. The research underscores the imperative of fortifying data protection laws and policies, establishing a comprehensive data governance framework, fostering open data sharing, and amplifying investments in data technology research and development in the face of challenges such as data security and privacy protection, to promote sustained and robust economic growth.

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Last Update: 2024-06-10