"Information-Savvy" Boardroom Brief ~ Future of CIO

Wednesday, January 27, 2021

"Information-Savvy" Boardroom Brief

10:43 PM Pearl Zhu No comments

Contemporary corporate boards today are IT savvy and digital ready for moving their organizations to the next level of business agility and maturity.

Modern corporate boards play significant roles in guiding businesses in the right direction and achieve expected business results. Due to the “VUCA” characteristics -Complexity, Uncertainty, Ambiguity, and Velocity of the Digital Era, the directorship in any organization must have the agility to adapt to changes and build abilities to advise, inspire and motivate a group of people toward accomplishing shared visions and goals.

Here are the multiple perspectives of shaping a strategic boardroom with digital acumen.

Information-Savvy Boardroom

Information-savvy Information is the lifeblood and one of the most invaluable assets in digital businesses today, technology is often the disruptive force behind digital transformation. Therefore, the corporate board as one of the top leadership pillars need to become information savvy and decision smart.

Informative The foremost thing is to realize that IT is strategic at the board level. Information is the lifeblood and one of the most invaluable assets in digital business today, the corporate board as a top governance body plays a significant role in overseeing business strategy and monitoring business performance. To connect the dots, can today’s digital board become more information-driven, and IT savvy? But how?

Info- Savvy Businesses of all sizes shall re-frame the big data conversation with stakeholders in the boardroom. The Big Data concept is still at the emerging stage, the members of the board are just now getting their feet wet, sweating out the risks of getting hacked. Big data conversation is a little ways off for members of the board, but it will eventually get noticed. Board members are not so getting used to thinking outside the box.

InfoTech-savvy IT savvy board expands its leadership horizon for gaining a better understanding of their business’s performance and potential and advancing their “directorship” for getting digital ready. The corporate board is moving up their directorship maturity from a compliance focus to performance-driven, from “keeping things in order,” to “advocating change and innovation. “

Info-fluency Contemporary corporate boards today are IT savvy and digital ready for moving their organizations to the next level of business agility and maturity. The corporate board in a high-level leadership position plays a crucial role in strategy oversight, business advising, and monitoring, as well as setting key digital tones in organizational culture styles, talent management trend, and leadership quintessential.

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