Corporate Governance in the Era of Digital Transformation: Evaluating the Impact of Emerging Technologies on Organizational Strategies

Abstract

Corporate governance is undergoing a significant transformation in the digital era, driven by the rapid adoption of emerging technologies such as artificial intelligence (AI), blockchain, big data analytics, the Internet of Things (IoT), and cloud computing. These technologies are reshaping traditional governance models, introducing both new opportunities and complex challenges that organizations must address to remain competitive and sustainable. This study aims to explore the impact of emerging technologies on corporate governance and evaluate the implications for organizational strategies. A narrative review methodology was employed, synthesizing existing literature to provide a comprehensive analysis of how digital transformation influences corporate governance. The study examined the roles of AI, blockchain, big data analytics, IoT, and cloud computing, focusing on their governance implications, strategic influences, and associated risks. Data were collected from peer-reviewed journals, industry reports, and case studies, with a descriptive analysis used to interpret the findings. AI enhances decision-making and risk management but raises concerns about accountability and transparency. Blockchain improves transparency and accountability but faces barriers related to scalability and regulatory challenges. Big data analytics drive strategic insights but require robust data governance frameworks to address privacy and security concerns. IoT improves operational efficiency but introduces cybersecurity vulnerabilities. Cloud computing facilitates collaboration and data management but raises issues related to data sovereignty and security. The study also identifies the evolving roles and responsibilities of governance bodies, emphasizing the need for digital literacy and adaptive strategies. Emerging technologies are transforming corporate governance, necessitating more adaptive, transparent, and ethically responsible practices. Governance bodies must embrace digital innovation while implementing comprehensive risk management and ethical frameworks. Future research should focus on developing integrated governance models, exploring cultural and regional differences, and creating actionable ethical guidelines to address ongoing challenges.