With no doubt, the latest advances in technology and communication has drastically shifted the standards of traditional work practices. Further, the evolution of social media, its wide spread and availability to almost everyone has reduced the barriers of communication between individuals and businesses worldwide.
The tensions are running high lately at boards’ level regarding the rapid changes and progress in technology and not knowing the possible impacts on the businesses’ future performance, profitability, confidentiality of data or even continuity.
As we wrote about before technology is moving extremely fast and the role of IT Leaders is shifting from being a cost center to being a key enabler of their organization’s growth and success. Currently however difficult for IT Leaders and Departments to cater for innovation and digital transformation since their time is divided between three main things: