In what way can technology influence business ethics?

Technology plays a significant role in shaping business ethics, primarily through its ability to promote transparency and simultaneously create new ethical challenges. The use of digital platforms and data analytics can increase visibility into business practices, allowing stakeholders—including customers, employees, and regulators—to hold companies accountable for their actions. This increased transparency can lead to ethical behavior, as organizations are more likely to act responsibly when their operations are open to scrutiny.

At the same time, technological advancements can introduce complex ethical dilemmas. For instance, the use of artificial intelligence and big data may raise concerns about privacy, surveillance, and discrimination, which require careful ethical consideration. Therefore, while technology can enhance transparency and encourage ethical business practices, it can also challenge traditional ethical frameworks, requiring businesses to navigate these complexities thoughtfully.

This dual influence underscores the importance of integrating ethical considerations into technological adoption and implementation, ensuring that while businesses leverage technology for growth and efficiency, they remain committed to responsible and ethical practices.