Digital Board Issues

Digital Directorship – Digital Board Issues

The problem of many board members today is that they are not as familiar or experienced to engage in this digital era. You need a strategic digital person on the Board … not to come talk about the website and social media; but to understand the digital landscape, cyber security and marketing opportunities.

There has to be a generational step-down to have a number of more digitally savvy member. The other governance area is the black box stuff, the analytics.  Particularly for the web business, you have all this data. You need someone talented who can dissect all this information to parse out the 2-3 key things which need work and the attention of the board.

Current Issues…

  • Cloud and big data analytics

    The ITWeb Cloud Summit is in its second year in the current format, and brings you more than ever before in experts, content, case studies, and relevant local insight.

  • AI in Cybersecurity: Where We Stand & Where We Need to Go

    How security practitioners can incorporate expert knowledge into machine learning algorithms that reveal security insights, safeguard data, and keep attackers out.

  • Lack of cyber security skills could see key infrastructure hit

    A SHORTAGE of expertise in cyber security could affect government plans to protect the country’s critical national infrastructure, including energy, health emergency services and defense, according to one of the industry’s leading experts.

  • Cost savings primary driver of digital transformation – so why are CIOs not measuring it?

    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.

  • Technology trends shaping up for 2018

    Board Issues: Navigating near-term risks and opportunities while staying focused on long-term performance will be particularly challenging in 2018. Whether it’s digital disruption or cyber security, the business implications of environmental and social issues, or designing the right board for the company’s future.

  • Incident response: Crucial for cyber security preparedness

    The headlines are littered with stories of companies that suffered a cybersecurity incident and drew criticism for their handling of the issues.

  • Lack of boardroom consensus is holding back digital transformation

    When ranking challenges for achieving digital transformation objectives decision makers surveyed were on average most concerned about their ability to integrate legacy technologies with cloud enabled applications. This was closely followed by uncertainty around the changing political climate and a lack of talent/skills available to drive projects.

  • Boardroom bickering blowing chances of digital transformation success

    A survey of IT decision makers revealed the main concern around digital transformation success surrounds their ability to integrate legacy technologies with cloud-enabled applications. A close second place was uncertainty around the changing political climate and a lack of talent/skills available to drive projects.

  • How big data can drive smart customer service

    Big data is now an integral part of all business domains, and the customer service industry is no exception. This is one area where the impacts are direct, measurable and clearly visible.

  • Artificial intelligence for the real world

    We believe that every large company will be exploring cognitive technologies.  If you are thinking about it, this is a good article to help clarify what it might do and how to begin.

  • Critical Update Needed: Cybersecurity Expertise in the BoardroomCritical Update Needed: Cybersecurity Expertise in the Boardroom
    Harvard Law School

    the average direct organizational cost of a data breach in the United States is $7 million. This includes the cost to identify and contain the breach, notify customers, and loss of business. Class-action lawsuits add to this figure, with settlements ranging from approximately $1 million for moderate-scale data breaches to over $100 million for large-scale breaches. One study finds that the average stock declines 5 percent following the disclosure of a breach and performs negatively over the subsequent 90-day period.

  • Cybersecurity in the Boardroom

    Following the slew of major cyberattacks reported in 2014—the Year of the Breach, according to Forbes—cybersecurity has become a boardroom-level conversation on an unprecedented scale. A survey onearly 200 directors of public companies representing a variety of industries—including financial services, technology, and health care—to discover how they view cybersecurity in the boardroom.

  • Five Cybersecurity Principles Every Board Director Needs to Know

    In January 2017, the National Association of Corporate Directors (NACD) released an updated edition of its “Director’s Handbook on Cyber-Risk Oversight.” In light of increasing pressures from regulators and ongoing cyberattacks, board directors have a key role to play to ensure proper oversight of cyber risks for their organizations.

  • The Board Directors You Need for a Digital Transformation

    Look for leaders who have strategic, general management backgrounds; who can speak with authority on customer perspective, vision and strategy, and leadership and culture; but who also bring commercial and investment acumen.

  • Where is Cybercrime Really Coming From?

    Where is Cybercrime Really Coming From? Cybercrime netted a whopping $450 billion in profits last year, with 2 billion records lost or stolen worldwide. Security expert Caleb Barlow calls out the insufficiency of our current strategies to protect our data.

  • What do we do with all this Big Data?

    What do we do with all this Big Data? Does a set of data make you feel more comfortable? More successful? Then your interpretation of it is likely wrong. In a surprisingly moving talk, Susan Etlinger explains why, as we receive more and more data, we need to deepen our critical thinking skills.

  • Why the C-suite don’t ‘get’ social media marketing

    A poll of senior marketers around the world conducted by Useful Social Media found that only half of all boardrooms are convinced about social media’s value. Now that it is a multi-billion pound industry, surely CFOs, CEOs and CMOs don’t still think social media is a fad? So what is really at the heart of management’s reticence?

  • What Digital Transformation Means for Business

    The key to deriving real value from emerging technology is shifting the way businesses work. Intel is adopting swarms, neighborhoods and other ways to create more collaborative workplaces. Zipcar is looking at how far it can push mobile engagement.

    While acknowledging the bewildering pace of technologic change, panelists pointed out that executives must engage with technology, think about the opportunities new technologies open up, and then use data to make educated bets on the ones to adopt. Those bets are best made in smaller, iterative steps, with regular assessments. More change is coming, so executives need to develop their process now.

    In This Video
    Introduction (00:00)
    Technology as a Catalyst (06:16)
    Moving From Silos to a Swarm (13:13)
    Adapting Your Culture for Transformation (20:18)
    Action, Inaction and the Risks of Each (24:37)
    Digital Transformation and the C-Suite (32:46)
    How to Fail Your Way to Transformation (38:34)
    Transformation Through Acquisition (41:06)
    Michael Fitzgerald is a contributing editor at MIT Sloan Management Review.

    TAGS: IT Strategy, Technological Innovation, Video, Webinars & Videos
    REPRINT #: 55108
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  • Cybersecurity and the Boardroom

    Cybersecurity and the Boardroom Read full article in WSJ Business | Risk & Compliance Journal August 30, 2013 Not long ago, the term “cybersecurity” was not frequently heard or addressed in the boardroom. Cybersecurity was often referred to as an information technology (IT) risk, and management and oversight were the responsibility of the chief information […]

  • Social Media And The Boardroom: Critical Questions Directors Need To Ask

    The brand-building opportunities social media present are nearly limitless, and the risks they introduce are just as expansive. And to many corporate leaders, they remain somewhat of a mystery.

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