Question

How can a government use Digital Era Governance to improve the influence of financial statements? Additionally, in your opinion, do you think the citizens should care about the financial implications?

Answer 1

a. Government use of Digital Era Governance:

1. The new connected world of today is producing data at a pace that is unprecedented in human history. This has led to the rise of big data

2. Researchers have found a strong link between effective data management and financial performance of companies as it helps them get to market faster with products and services that are better aligned with customer needs.

3. Better policies, more tailored government services, and more effective and efficient distribution of resources.

b. Citizens should care about financial implications because:

1. Improves customer experience, trust and respect from customers

2. One of the benefits of going digital is the ability to track metrics and analyze the data that is gained during digital marketing efforts. Using these insights allows businesses to optimize their strategies and processes for better results.

3. A lot of money is involved in going digital.

4. By going digital, companies can bring more than just their workforce together, but also their entire architecture. This consolidation of the company processes and operations enables the business to connect with their target audience and satisfy their needs.