How digital transformation is fostering a stronger CFO/CIO relationship With technological advancement revolutionizing how businesses operate and create value, the Association of International Certified Professional Accountants (the Association) says greater collaboration between CIOs and CFOs will be key in driving sustainable business performance The way businesses create value has changed significantly in the past few
Here are some of the technological advances to expect in the next 20 years and beyond. There is no doubt that technology will continue to transform the business landscape.
a Digital Director ( DD)? Ideally, this is a candidate with all the traits that make for a good director plus having strong knowledge of the current state of technology (i.e. cloud computing, social media impacts, etc) and risks (i.e., cyberattacks, cybercrime, intellectual property theft, etc.). This is the new “Uber-Director” the one who will save the board from ignorance and irrelevancy.
The blurred lines between IT and business makes for an interesting case. Earlier this week, a report from Interoute (UK) – focusing on respondents from the IT side – found that more than half of IT leaders were struggling to secure boardroom approval for digital transformation objectives.
here are several professional profiles being considered for digital director roles, and the CIO profile is not at the top of the list. Business executives with digital experience are often the preferred profile.
Digital Directors: A Powerful Addition to a Bank’s Boardroom Because digital transformation affects the evolution of the entire institution, there is an increasingly recognized need within the banking industry for the board to provide oversight and counsel to the CEO regarding digital strategy.