Are your company and board ready for digital transformation?

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Board insights on our 2017 Global Digital IQ Survey

As overseers of company strategy, the board of directors plays an important role in their company’s digital transformation. Boards need to understand what this transformation entails and how the company plans to execute it successfully.

Boardroom impact on company digital transformation_ PwC

What's your Digital IQ?

Digital transformation is often a critical component of a company’s strategy, which the board oversees. So boards will want to take time during their strategic discussions to talk about what it means to go digital. Is the board ready? Is the company? Many companies are discovering that they’re not fully prepared for the next generation of technology. In fact, executives’ confidence in their ability to capitalize on digital change is at an all-time low.

Corporate digital IQ is weakening_PwC Digital IQ Survey

How directors can take action

As companies embrace new technologies to deliver their strategy, they will need to invest in education and training to bridge the digital skills gap. Directors need to get educated about digital transformation and engage with emerging technologies in order to weigh in on what makes sense for the company and its plans.

Improve your own Digital IQ

  • Get more hands-on and use more technology in your day-to-day activities
  • Hear from those who are charged with driving the company's digital strategies
  • Consider deep dives outside of board meetings to stay up to speed
  • Keep up with continuing education
  • Make sure digital is part of the overall strategy discussion
Director actions to raise digital IQ_PwC Digital IQ Survey

Contact us

Paula Loop
Leader, Governance Insights Center, PwC US
Tel: +1 (646) 471 1881
Email

Chris Curran
Chief Technologist, PwC New Ventures, PwC US
Tel: +1 (214) 754 5055
Email

Tom Puthiyamadam
Global Digital Services Leader, PwC US
Tel: +1 (646) 471 1490
Email

Barbara Berlin
Director, PwC's Governance Insights Center, PwC US
Tel: +1 (973) 236 5349
Email

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