International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

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The Role of Data in Public Policies for Entrepreneurship and Innovation

Author(s) Julio Cesar Conceicao de Melo
Country Brazil
Abstract In recent years, the use of data has proven to be a powerful tool in building public policies for entrepreneurship, offering governments a clearer view of the sector's needs, challenges, and opportunities. The analysis of large volumes of data allows for more evidence-based decision-making, focusing on critical areas such as access to credit, technological training, and the simplification of bureaucratic processes. By adopting emerging technologies like Big Data, governments can implement more effective public policies, adjusted in real-time to respond to market changes and the needs of entrepreneurs. The study of various research on open innovation, open data, and artificial intelligence reveals the importance of closer collaboration between the public and private sectors to create more efficient entrepreneurial ecosystems. Although challenges such as lack of government coordination and resistance to risk exist, emerging technologies offer promising solutions to overcome these obstacles. The integration of Big Data and artificial intelligence can improve sustainability and decision-making in sustainable entrepreneurship, transforming public policies into more powerful tools for innovation and economic development. With a data-driven approach, it is possible to create a more inclusive and dynamic environment where entrepreneurs can thrive and drive economic growth.
Keywords Public policies, Entrepreneurship, Big Data, Open innovation, Artificial intelligence.
Field Business Administration
Published In Volume 6, Issue 2, March-April 2024
Published On 2024-04-03
DOI https://doi.org/10.36948/ijfmr.2024.v06i02.39116
Short DOI https://doi.org/g88g98
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E-ISSN 2582-2160
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