Governing Digital Transformation and Emerging Technologies
In brief: A convergence of global trends over the last 20 years, including the boom in global data traffic, online users, connected objects, and access to cloud computing has laid the groundwork for the digital era. This era is predicted to bring tremendous value to businesses and societies alike. Armed with access to new technologies such as artificial intelligence (AI), blockchain, Internet of Things (IoT), and robotics process automation (RPA), traditional firms across industries are pursuing digital transformation to reimagine solutions to existing business challenges and create exponential value for their customers and partners.
Across industries, directors recognize the near-term disruptive potential of new business models enabled by emerging technologies. Boards play a critical role in guiding firms toward successful transformation—that is, not only toward remaining relevant, but also toward thriving in the digital era. As a result, they are actively reassessing their oversight responsibilities in governing digital transformation initiatives.
To help address this challenge, this report introduces a flexible and practical guide that both prepares directors to navigate the complexities of digital transformation and emerging technologies and helps them to guide their organizations’ efforts in becoming more digital and data driven.
This resource can help your board to
- approach emerging technology as a strategic imperative, rather than just an operational issue;
- develop collective, continuous, technology-specific learning and development goals;
- (re)align board structure and composition to reflect the growing significance of technology as a driver of growth and risk;
- demand frequent and forward-looking reporting from management on technology-related initiatives; and
- assess your organization’s leadership, talent, and culture readiness for technological change.
Most relevant audiences: full board, board chairs, committee chairs, chief executive officers, chief technology officers, chief information security officers, chief innovation officers, chief digital officers