Corporate boards play a critical role in a company’s digital transformation journey. To effectively oversee a major transformation, your board should focus on the strategic plan, risks and opportunities and change management program. You also need to monitor performance to ensure that the investment results in long-term value for the company. Having a defined transformation oversight process can help ensure success.
A digital transformation is a competitive imperative today. Companies have been implementing new technologies to deliver products and services more efficiently, improve margins, stay relevant, offer a better customer experience and attract talent. A company that hasn’t embraced digital transformation could end up left behind. Board leadership is essential to success.