The past 12 months have seen tech changes that were already in play accelerate and non-executive directors have had to adapt quickly.
The future success of their Boards and organisations will depend on how well they respond to the increasingly important role of digitisation throughout their business models, Criticaleye reports.
Featuring Commentary From:
Tom Beedham, Director – Board Mentors & NEDs, Criticaleye: "Increasingly for many sectors, technology needs to be at the heart of business, not a function of it, and Boards have to be ready for that."
Jane Diplock AO, NED, Singapore Exchange: “Digitisation and new technologies are absolutely going to revolutionise business this century. The Boards I’m on are certainly looking at how that will change the business model in relation to the technology that is used, as well as looking at different product offerings."
Martin Glenn, Chair, Chapel Down Group: "It’s a real challenge to establish a baseline and then track performance of your carbon footprint within the organisation and externally. We need to get better at creating an understanding worldwide of how we do things."
Devyani Vaishampayan, NED, British Quality Foundation & Criticaleye Board Mentor: “Hybrid workforces are here to stay and that is fundamental to an organisation. You must ask how you are going to engage those people and how you are going to retain your culture."
Trevor Didcock, Senior Independent Director, Affinity Water: "Affinity’s digital transformation was centred around creating a digital twin of the organisation. This creates a simulation of the business that captures and emulates what happens in real time."
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