Corporate Governance & Digital Entrepreneurship: Cloud Metadata Accounting

Abstract

The aim of this paper is to introduce, describe, and evaluate new functionalities supported by digital entrepreneurship in Web-based cloud computing corporate governance environments, following a client-server ICT architecture. In particular, after the discussion of the rich in spatio-temporal functionalities nowadays digital entrepreneurship, an empirically-tested approach (i.e. an early stage methodology) has been used to analyze the performance of a digital “virtual” Web-based client-server accounting department. Also, the metadata concept was used to describe the structures for the primitive and implied data and the variously derived info-contents. In the proposed scheme five metadata structures were used in order to support the backbone of the methodology (i.e. “data storage” on the server site and “data mining/information” for client requests). Relevant statistics show a positive achievement of the proposed approach on a cost/benefit basis. The presented empirical spatio-temporal (4-d functionalities; space and time) corporate governance approach could be thought as an early indicator in digital entrepreneurship and, obviously, further research to enhance, validate and better document the achievements are needed. Finally, on a philosophical ethical basis, these cloud computing applications will reduce the need for manpower (really, a social problem), but at the same time, will release time for intellectual work.