In a fast-changing digital world, the successful businesses will be those that demonstrate adaptability and embrace innovation. Technology opens the door to new business models from manufacturing to marketing functions, while cyber security and the risks around it loom large as major concerns for every boardroom.
On one level, it is simple: technology expertise is not just IT expertise. It is more the ability to view the future of a business through a technology lens. Trends such as big data, cloud computing and social media are creating new operational capabilities, and the responsibility for how to make the best strategic use of them lies not just with the IT department, but with company boards.
Boards need to confront a series of challenges to stay ahead of the game.
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Author: Dina Medland