Tackling the global challenges using data-driven innovations

Abstract

The data revolution transforms operations, innovation, and society through artificial intelligence and advanced analytics. Data-driven innovations (DDI) have the most potential to tackle global challenges, including poverty, healthcare, climate actions, disaster management, gender inequality, peace and justice and others. This paper identifies the sources of DDI capabilities to address various global challenges. The findings show three major foundations of DDI capabilities: market orientation, infrastructure orientation, and talent orientation. Theoretically, these findings highlight the role of dynamic DDI capabilities to sense, seize and transform global challenges. Practically, we present guidelines for developing DDI in an agile and efficient manner that is fair and inclusive.