Hence, enterprises must ensure timely access to market demand and raw material supply information while effectively monitoring potential risks. Simultaneously, they should enhance internal management by integrating resources, developing quick response capabilities, refining risk prevention and emergency handling procedures, and making prompt decisions to manage unforeseen events that may pose a business risk. Successful execution of these two aspects demands robust data collection, analysis, and processing skills. Digital transformation is instrumental in reducing business risks as it enhances both external data acquisition and internal information processing abilities that can bolster enterprise capabilities.
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