Digitalization in Corporations: Integrating Utility of Digital Technology With Accessibility and Privacy of Data

Abstract

Corporations are quickly learning how to benefit from digitalization in various facets of their operations whilst placing a significant focus on the requirements and experiences of their clients. Furthermore, by utilizing sophisticated analytical models and effective risk-management techniques, digitalization is also being used as a potent tool to improve internal governance and decision-making processes. Digitalization has made it easier for companies to fetch and access the data of various stakeholders through surveys or customer interactions, purchasing it from third-party data brokers, or using public data sources such as social media or government records. Hence, it also raises important questions about data privacy and security, and the appropriate balance between technological innovation and the protection of legal rights and obligations. Accordingly, this chapter intends to analyze the efficacy and utility of the latest amendments in the provisions of corporate law which intends to take due cognizance of these technological advancements.