Whereas a decade ago boardrooms were concerned with the question „should we invest in digital transformation?“ today the focus is on „how much should we invest and, more importantly, how quickly should we invest if we are accountable to our shareholders?“ Although the question may not seem that complex at first glance, many other questions and aspects need to be considered when answering it. Protiviti tackles this in the article „Determining the Digital Investment Question in the Boardroom.“
It outlines several steps boards can take to assess the level and speed of digital investment. One point, for example, is that digitally savvy and experienced directors should be at the table. The background is that companies supported by boards with three or more digitally savvy directors have higher profit margins, revenue growth, return on investment and market capitalization.
You can read the whole article here.
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